Industrial or Economic Espionage :: International Business Competition Essays

Industrial or sparing Espionage A small Mississauga electronics safety equipment company is mazed into.Although filing cabinets and desks were rummaged through, zip was seeminglytaken. An officer discovered the company had drawn up a bid for $7 milliondollar contract a daytime or so before the break-in. The contract in question wasfor a foreign sphere. It was later discovered that the company in question was cognize for its aggressive scotch espionage. An iron ore shipping company wasalso broken into. At first it was thought that the target had been the firmscomputers. But, nothing was taken, it was assumed that the burglars had been fright off. Within thirty minutes it was discovered that the company wasapproaching its fiscal year end. staff eventually found that most of the recentdatabase sculptural relief tape was missing. A Quebec based company with the laser-basedsystem for inspecting materials apply in, among some other things, the abstractthaircraft, had three c omputers stolen. On their harddrives were confidentialcodes for specialized softw ar used by the Canadian Armed forces. The above areall adjust examples of the modern threat facing international business todayknow as industrial or economic espionage. The end of the cold and economicpressures have increased the risk of economic espionage. The collapse of theSoviet summation has left unemployed KGB and other former communist bloc wisdom agents selling everything from Russian night vision devices tocompletely assembled and functional bugging devices. veritable(a) friendly westernEuropean governments have been caught spying on nonpublic corporations based inthe U.S. and other countries, while industrial competitors sometimes withdrawprivate companies to collect competitive intelligence from their corporaterivals( Lester96). What exactly is economic espionage? how prevalent is it?Who does it? How do they do it? and what can we do to stop it. These are thequestions that will be impr essioned at in the following pages. First lets look at, what exactly is economic espionage. Espionage andintelligence is no longer the exclusive world of monarchs and governments, ithas become a must for modern international business. Large corporations approximatelythe world particularly in western Europe and Asia now let agents to gatherintelligence on their competitors and other countries. The goal of economicespionage is to steal trade secrets, plans and confidential procedures oranything to give your company or country a competitive edge over another(Perry1996). The areas that interest industrial spies the most includeradiation transfer technology, systems diagnostic and testing software, change of location wave tubes, aviation technologies, microwave monolithic integratedcircuits, inferred signature measures software, microwave radar technologies, wet