Corporate Intelligence as the New Reality: The Necessity of Corporate Security in Modern Global Business
Purpose:
This paper seeks to address the necessity of corporate intelligence and its use in modern global business, as corporate security, to the wider expert community and academic community. The key concepts of corporate intelligence, competitive intelligence, sources and types of data collection, including phases of the competitive intelligence process are presented. The purpose of this paper is to define the key legal sources, relevant for corporate intelligence in the Republic of Slovenia, thereby establishing the normative framework for data collection in the Republic of Slovenia. The objective of this research is to define potential misuse that modern organisations must be aware of if they wish to successfully, and primarily safely, operate at the global level.
Design/Methods/Approach:
Literature review was conducted in order to achieve the articles purpose. In legal part of the paper, legal research methodology was implemented. The primary sources of law as cases, statutes etc. were analysed and law reviews, legal dictionaries and legal encyclopaedias for background information about a researched topic were added.
Findings:
Corporate intelligence, with an emphasis on competitive intelligence, and the mere awareness of the need for corporate security in the modern global business represent an inevitable step towards competitive and safe global business, with an awareness of external risks, exploiting their own advantages and knowledge of market characteristics.
Practical Implications:
Increased awareness in modern organisations that want to conduct their business safely, primarily from the perspective of global business. Present the risks on the market, as well as opportunities of their own competitive development. Offer a tool for managing challenges and upgrading business operations from the perspective of competitiveness and security on the market.
Originality/Value:
The article presents the concept of corporate intelligence with an upgrade to competitive intelligence, and represent corporate security as an unavoidable and necessary tool for risk management, as well as achieving competitiveness and security in the global business. The findings are intended for all organisations, but primarily those that operate globally – or their managers, directors, owners, entrepreneurs and persons responsible for security systems in organisations. With regard to that, the article relates to these areas of practice, and is of use to scholars in assisting them to disentangle the various aspects of corporate intelligence, and also to managers who wish to gain an appreciation of the potential which competitive intelligence can bring to business success.
UDC: 005.934
Keywords: corporate intelligence, corporate security, business, globalisation