What does a CEO do when the economy is in a persistent down turn and your business cannot expand or grow? Jump at the time tested strategy of acquisition to gain market share seems to be the response in 2015. Yet a merger is no sure thing. Anyone remember AOL’s deal to buy Time Warner. How did that turn out? Just how much additional efficiency can be squeezed out of any company? In the era of part time contract workers and low wages, all the fat has been long gone. As for research and development in new technology or products, how will such innovation be marketed in an economy infatuated with the promise of Amazon Prime drone deliveries?
Espionage is about gathering information. When foreign interests conduct such operations it is usually called spying. When corporations seek to acquire trade secrets from a competitor, it often becomes a case for legal litigation. In business terms, just what is the best way to view stealing secrets? Investopedia defines ‘Economic Espionage’ accordingly.
The lethargic performance of the U.S. economy going back decades and plunging into an embedded depression, since the financial meltdown of 2007, has caused permanent damage. The business community and the financial press have yet to acknowledge that prospects are not going to improve. It does not take a commercial genius or an academic professor to look around at the shrinking middle class and conclude that the lessons of the preverbal business cycle no longer apply. In order for any economy to prosper, the fruits of commerce must improve the financial conditions of the producing contributors.