Information is Power of Business
In the current competitive environment that characterizes the business world, employees can “make or break” a company in respect of the protection of intellectual property. Although companies can set up several legal and technical mechanisms to protect their intellectual property assets, the loyalty of employees remains one of the biggest challenges they face in connection with the protection of their intellectual property. This article discusses the need for companies to ensure the loyalty of employees as a fundamental element of their strategy for protecting trade secrets. Attention is drawn to the main means of obtaining the trust and dedication of employees, deterring them from unauthorized disclosure of trade secrets now.
The adage “information is power” applies particularly well to the general concept of strategic use of business secrets. When used strategically, business secrets often offer a significant competitive advantage in the market. In addition, they can play a vital role in operating a niche market in which competitors will be difficult to access. The result is often a competitive advantage by simply keeping the information confidential or secret strategic because, in most countries, the law forbids others to use or copy the information secret or confidential without the permission of the owner of such information. The law discourages the secrets of espionage and illicit access to such information in punishing those found guilty of having accessed by improper means.
[...] Trade secrets are an instrument of intellectual property among others, and, when properly used, they complement and reinforce other mechanisms. Companies that successfully protect their business secrets augment other IP assets they hold, for example, when the Coca Cola protects its secret formula as a trade secret, it also strengthens its brand. [...]