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Home > Resource Center > White Papers > A Mythical Case History about Trade Secrets
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The knowledge economy enterprise has a secret about its secrets: it often knows very little about them! Are these important secrets? Yes! They are the mission critical proprietary assets that are the lifeblood of the modern, intangible-based enterprise - the very source of competitive advantage. Even so, the enterprise likely has no inventory of secrets, has no record of what happens to its secrets within its walls, and has no system for telling inventors that they've created proprietary assets, and should take care of them.
Imagine if an enterprise did not track hard assets like machinery or expensive lab equipment, but instead bought the equipment, then left it completely unaccounted for and poorly safeguarded - in some cases even available for just about anyone to take. The enterprise is rigorous and granular with trucks and pencils but soft and open-ended with critical trade secret and proprietary assets. And the enterprise is paying: $59 billion in trade secret theft for the Fortune 1000 in the year ended June 30, 2001, and $500,000 in legal fees alone per incident for trade secret disputes.
What is your company proactively doing to manage and protect its proprietary assets? What will you tell your board and shareholders when they ask you to list your company's core proprietary assets, where they are and who's working on them?
Find out more by requesting our whitepaper on Trade Secrets (part 1).
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