Company Policies on Collecting Competitive Intelligence (part 2)Posted: January 26, 2016
January 26, 2016
Continuing on company policies on collecting CI, remember, one role for your firm’s policy is to help you and all other employees to resolve whether their actions, or planned actions, violate the law or the firm’s formal policies, covering legal or legal and ethical considerations. If the actions would be in violation in any way, then they should not be undertaken. But that is not the end. There is also the issue of personal ethical standards.
Only when an action is permitted under all relevant laws and your own firm’s policies might it involve a personal ethical question.
In resolving whether personal ethical issues are raised, use the following tests:
- If an action doesn’t feel right, don’t do it.
- If it could damage a business relationship, don’t do it.
- If you or the firm would be embarrassed or ashamed if an account of your conduct were published on the front page of the newspaper, don’t do it.
- If there is an alternative way of gathering information that produces equal or greater benefits to the parties affected by the proposed action and does not raise any ethical questions in your mind, you should use the alternative.