Should government intervene in the protection of corporate IP? This is the thought provoking question that needs to be answered in light of the recent loss of corporate IP mainly to emerging economies like China? Is the government a stakeholder when IP is lost or stolen?
From a government perspective there are numerous issues that happen when a company looses its IP to a foreign competitor. To name a few an obvious impact on government is the loss of revenue in the form of taxes that can be directly or indirectly linked to that IP. Another impact for government is the unemployment benefits that have to be paid as a result of loss in revenue.
In the UK small businesses form almost 80% of the economy and a considerable number gain their competitive edge through intellectual property rights and trade secrets. Considering the impact these businesses have on the economy as a whole, tax breaks should be given to these businesses to enable them invest in protecting their IP and trade secrets, as well as setting aside funds for any legal challenges.
Such tax breaks are bound to yield a return for the government in terms of safeguarding jobs and increased tax revenues, overall it is a win win for all involved. The competition coming from the far east is a reality that is quickly catching up with the western economies, and the protection of IP and trade secrets is of great concern to governments in the west.
In the recent visit of the Chinese premier to the United States, the protection of IP was one of the key agenda items that was discussed. Nevertheless, the governments in North America and Western Europe need to be seen to play an active role and continue dialogue with various industries on the best way forward to achieve IP and trade secrets protection.
Yesterday in Michigan, USA a former Ford employee admitted to a theft of $50 million worth of trade secrets and pleaded guilty. The problem with news like this one is the focus is always on the villain and how he or she carried out the crime.
I was reading an interesting article in
Has your organisation always shared confidential information with external partners? Is that relationship based on trust? Today many organisations are opening up their operations to external partners with the aim of cutting costs and increasing efficiency. For organisations that have developed a long term relationship with external partners, there needs to be an impact assessment on how introducing endpoint security tools like enterprise rights management will affect that relationship. If the management and operations structure of the partner remains unchanged it might be prudent not to change the current relationship.
I am a big Panera bread fan, I just love what they do with dough. I also happen to love baking, so given that I am obsessed with Panera’s cinnamon crunch bagel and cannot get it to buy in the United kingdom where I live, I decided to hunt for the recipe. To my heartbreak, it is a secret recipe nowhere to be found of the web.