The economic espionage act: Turning fear into compliance
β Scribed by Naomi R. Fine
- Publisher
- John Wiley and Sons
- Year
- 1997
- Weight
- 62 KB
- Volume
- 8
- Category
- Article
- ISSN
- 1058-0247
No coin nor oath required. For personal study only.
β¦ Synopsis
Fear
We are all guilty of being curious about our competitors. We are interested in knowing what they do and how they do it. What are their costs? Who are their customers? Throughout your company, interest and curiosity about the competition may manifest itself in a variety of ways. Prime examples, which will be used throughout this article, are: Your sales people "discover" information about competitors from customers.
Vendors share insights they've gleaned from your competitors.
Consultants use models they developed while working for your competitors.
Your market analysts target competitors to study their strategies and tactics.
Employees bring valuable information from former employers.
All of these business practices have been cause for concern in the past. Under the Economic Espionage
π SIMILAR VOLUMES
secret case law has interpreted "misrepresentation" as applying to situations which induce a breach of confidentiality. Using "pretexts" to elicit information may be unethical, but isn't illegal under most circumstances.
There is something new under the sun, at least according to several writers who see foreign economic espionage as a serious and hitherto unremedied danger to the international competitiveness of U.S. business. It is said to have become the hottest topic
## Seeking competitive information in a legal and ethical manner is an integral component of healthy competition. The EEA was enacted to enable federal law enforcement to investigate and prosecute acts of economic espionage. It adds federal criminal penalties to activities which were already illeg