Sample Management Essays on Corporate Espionage

Corporate espionage is the practice of using spies to obtain information from a competitor for commercial purposes. According to Fred Maidment (256), espionage is an age-old practice, dating back to 300 A.D. when monks managed to smuggle silk worms out of China, thus ending China’s dominance as the sole producer of silk. Today, corporate espionage is on the rise as different multinational corporations attempt to fight for market share and achieve market dominance. Although espionage methods have evolved over time, not all espionage tactics are high-tech. In fact, tools as simple as USB storage devices and copiers and fax machines can be used for spying (Maidment 256).

In order to achieve protection from espionage, managers ought to view their organizations from the attacker’s point of view (Maidment 256). This way, it is possible to identify areas of vulnerability and to come up with tactics for responding to the threat. While doing this, it is important that managers shift focus from compliance, as doing so may not alienate the risk of espionage. One cultural consideration that ought to be made is the need to salvage the identity of an organization. Doing so might require that the management secures critical information by among other methods, hand-carrying critical data or transmitting information using encryption techniques. Various factors justify the need to keep vigilant against others trying to steal information and other corporate secrets. Other than losing organizational secrets to spies, the failure to uphold maximal protection of data results in loss of market share, loss of profits, loss of business, and weakened balance of trade. Thus, it is imperative that an organization recognizes the risks and vulnerabilities of espionage and responds with the right tactics.

 

 

 

Work cited

Maidment, F. (2013). Annual editions: Management (17th ed.). New York, NY: McGraw-Hill/                  Dushkin.