Question

In: Economics

Is it ethical to spy on your competitors? Is it legal to spy on your competitors?...

Is it ethical to spy on your competitors?

Is it legal to spy on your competitors?

How far would you go to find out what competitors are doing?

Solutions

Expert Solution

competitive intelligence /spying many time relied on public information and market research,. But it's always a good idea to make sure your competitive spying  strategy must be highest ethical a standard or under legal way of spying not like theft of document of any company or by violence on any stackholde related to company.

No it is not illegal to spy on your competitor. Spying and get good information about any company can make you more profitable in market .if means are legal than it is not illegal to do spying by using secretive or deceptive means.

By confrence, company websites,ny knowing about competitor email marketing strategy,analyze industry reports ,By using markets research on available data of different companies or by legal way of spying or by checking behavior of consumer of any company etc ,we can get access to information about competitor strategies to do business etc. you can't have right to do piracy or spying opatent of ipr.


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