Trade Secrets And Confidential Information In A Company

As we all know a successful company has its tactics and strategies to progress in any field, but what is known to the public isn’t always the full recipe on how to succeed just like them. This is where trade secrets and confidential information come into play for any company or organization. Trade secrets include formulas, strategies, lists of contacts, programs, or processes utilized that are kept between their rightful owners and some employees. Like any other secret, confidential information holds a strong value to the company and if any of it is shared among competitors or the public they gain an insight and take advantage of the information to build an even stronger plan. Although a company might feel as if anything they do is to be kept …show more content…
An employer realizes that with the time someone stays with the company the more they learn and grasp from that company, and since a forever employment isn’t guaranteed, the answer to keep leaving employees is unanswered. In the article, “How to keep a secret. TCE: The Chemical Engineer” author, D. Fitzgerald, states, “Employment contracts prevent key employees to work in the same industry as, or in competition with, a former employer for a period of time.” In other words, he says that with the time they stay out of the field either that information they know can change or be modified so if it ever were to be said it would do no good to other competitors. Fitzgerald mentions that the information will decrease in significance and impact due to the fact that new things could have been developed making the information irrelevant. Regardless of the situation, at the end of the day employees in that high of a position to be dealing with important data and details of a company should be ethically built to show loyalty to anyone whether they are still with them or not. Any employee who does seek an outside an other than their current one should ask for permission from the rightful owner if they can use it or talk about it with anyone else. Author T. Hoke states something similar in his article “Improper Use of Confidential Information. Civil Engineering.” Hoke states, …show more content…
The interview process must be detailed and well organized to make sure that the right candidate is hired. The article, “Leaders without ethics in global business: Corporate psychopaths. Journal Of Public Affairs” brings up the topic of psychopaths hired for top managing businesses. Authors, Boddy, C. P., Ladyshewsky, R., and Galvin, P, state, “ Corporations are reported to want to recruit employees who are energetic, charming and fast-moving. Psychopaths can appear to be like this and can present themselves in a good light because of their ability to tell interesting stories about themselves.” This only goes to show that although it may seem on the outside that the person is the perfect match for the job, looking into details and close attention an employer can run exams, ask questions, and most importantly have more than one set of eyes when hiring someone that will fill in a big role in the company. The article, “Making Sense of Corporate Social Responsibility and Work. Frontiers In Psychology” states, “Qualitative research and interviews are essential to understanding individual perceptions and social interactions.” This is more than true because an attitude and personality can take a complete turn when put to work with others, or even when they encounter a situation they don’t find too appealing. Looking back at