Question

35. Discuss "Corporate Intelligence" and "Corporate Espionage".

Answer 1

Corporate intelligence refers to the collection analysis and distribution of information about an unfamiliar subject which is used to provide key insight to the management. Corporate intelligence is a precious tool for sound business decision making. It provides information on the current business conditions and specific areas of concern and is used when companies are looking to enter new markets, reduce risk and enhance business opportunities. It especially useful when the business is entering Offshore markets.

Corporate espionage on the other hand refers to the act of spying to gather undisclosed are confidential information from competitors or government organisations. Even though most organisations secure their information the competitors can steal the data through cracks or with the use of Technology. Nowadays Wi-Fi techniques and fishing can easily allow corporates to steal information from their competitors. There are many real life cases which show the extremes to which corporate espionage can take place. The main difference between corporate Intelligence and corporate espionage is that while corporate intelligence uses Public Information corporate espionage is the act of stealing private information