Trade secrets are an important component of any company’s intellectual property assets. They may even be the crown jewels of their portfolio - they just may not know it. And even if they do know, sometimes an organisation’s internal processes are simply not robust enough to protect these valuable secrets.
A US-based study revealed the theft of trade secrets is estimated to cost between 1 and 3% of advanced economies’ gross domestic product.
While there is no denying the value of trade secrets, they are currently being under-utilised as a strategic commercial tool even in the most sophisticated companies.
In this article written for FMCG CEO, Sarah explains how to identify a trade secret and - most importantly - how to keep it.
You can read the full article here.