Some business owners practice the act of investigating competitors to gain a business advantage. They spy on other companies and businesses to steal their trade secret, product specification or formula. They also go out steal others information about their business plans etc. How do you think this can be handled
How can business owners handle the issue of business spying
- Thread starter cherry123
- Start date
Business owners already have their strategy on how to handle business rivals who might want to copy their style, orderliness of display, goods to display, and prices high or low. There are business operators that like to reduce their prices to divert the attention of the customers. But there are loyal customers. The reason is they want to build goodwill so they can purchase goods through installment.
It can be handled by using a software that is exclusively only with the employees and not allowed to access outside the company. It needs a track system to capture those people who are spying.
- Thread starter
- #6
Yeah it is good to have a software that you can use to detect spy's and try to block all access to their entrance.
Business spying is unethical. It seems the business management doesn't trust himself. To get rid of spies, it's better for the business owner to install a CVTV camera to monitor the same person coming in and out and do the listing of the items. This time, business owners must keep watch those who enter and take shots. Shooting of the displays with price tags must be banned. Those shots must be deleted before the suspect leaves the store.
Those who spy on another business have not attended training or seminar workshop by their respective Department of Trade and Industry. Also, the sure way is to conduct a mini survey assurance that the other business operators do not spy on or copy the system or order of the store or office having the same kind of business. Those caught must be sanctioned accordingly.
It's hard to control it. There are lots of small industries who copy the products of reputed company and price their product lower than that of the reputed company's product. But it hardly affect the sale of that company.
Yes, you are so right, there are business people like that. They want to compete according to the number of buyers and according to the prices that people adjusted after spying. It is not good to act that way sooner or later customers realize that the products of the other store are better despite prices higher than the other. It's the quality consumers are after in shopping or buying.
When I was in my previous job. We didn't have a research centre so we used to buy a product from a company and used to copy it functionally and manufacture it and sell it in the market we used to have good sales and a good market and I didn't find anything wrong in it.
- Thread starter
- #13
Yeah there are a lot of copied small companies that copied almost all the things that were done by the big companies but the bigger ones still do better.
Maybe the business owner did not have an idea that their products were copied. But it is absolutely wrong. If if the owner having the products copied has no malicious thinking about the other business operator may opt to be silent for the intention is to serve people.
It is one of the ways to ensure that you make a reasonable impact in your business and you are able to beat your opponent.
The earlier one understands as a business person that the business world is very fierce, the better that person would be able to survive in business. If you know the deep things businesses do to pass each other, you will understand..
You simply just have to be careful the things you let out, the amount of information you share and how you run the business. The truth of the matter is nobody can remove spying on business. People would always want to know what you are up to or how you do it, that's why it's a competitive market.
It will be better for the business owner to install a CCTV camera to know if there is a spy in his business. It is the right thing to serve as direct evidence through what the CCTV camera captures. The footage will be shown.
