![]() ![]() Opel fought a long legal battle with Volkswagen but in the end, Volkswagen agreed to pay General Motors, the parent company of Opel, $100 million and place an order for over $1 billion’s worth of car parts. The executives didn’t go alone but also took away all confidential documents along with them. Opel Vs VolkswagenĮvery employee is precious to the company and Opel faced the biggest shock of the time when their chief of production moved to rival Volkswagen and was followed by not one, not two, but seven other executives. This marked a record for corporate espionage cases during that decade. The case got very hick at the time and Avant paid $200 million to settle the case and received the civil case in return. This became more than a simple case of unscrupulous business practices when prosecutors filed charges and, in 2001, Avant! was ordered to pay $182 million in restitution plus interest and fees, for a total of $200 million. In the early 90′s the Avant, one of the biggest software companies in silicon valley at that time, had stolen code from a rival company, Cadence Design Systems. Thus the matter was mutually solved by both companies. ![]() Later when the matters were disclosed in front of Unilever, then both the companies came to a mutual understanding and P&G swore not to use any gathered information. Their cunning corporate espionage plan, which P&G referred to as an “unfortunate incident,” included going through Unilever’s trash in search of documents, although if Unilever habitually throws away full documents entitled “Super Secret Product Information That Will Crush P&G” their days as an industry leader are numbered. In 2001, P&G admitted that they launched a spy mission for their core competitor Unilever to gather some inside scoop. Waymo Vs Uber Unilever Vs Procter & Gamble So, today we are going to focus on the former one and will talk about corporate espionage by 6 top companies.Īvery Dennison Corp Vs Pin Yen Yang (Four Pillars) This practice is done by almost every corporate establishment, the only difference is that some got caught in time and some just don't, instead they become rich on another person’s idea. There can be different means to spy, like tapping phone calls or hacking computer systems or even bribing their past and current employees to get competitor’s future roadmap. ![]() In the layman's language, we can say that corporate espionage means spying on your competitor to gather their secret business information. The dictionary meaning of corporate espionage, “ Attempting to obtain trade secrets by dishonest means, as by telephone- or computer-tapping, infiltration of a competitor’s workforce, etc.“ If you are wondering, what exactly ‘corporate espionage’ means, then let’s get familiar with the term first. Due to this malpractice by the corporate houses, the term espionage evolved. ![]() There are numerous big and small corporate houses present in history, that had stolen their competitor’s ideas. There can be thousands of unethical ways, one such way is to steal a competitor’s plan or idea and present it to the world, as their own. Well, in greed to make more money, some people start to follow unethical ways. However, no one signifies the right method to make a profit. In every business school, you will learn that the primary objective of a business is to make money. ![]()
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