Michael Smolensky is CEO of Lifeway Foods,Inc.,based in Skokie,IL.The company sells kefir,a cultured milk product popular in Smolensky's native Russia.Recently,Smolensky,who had developed his own secret recipe,got a call from his supplier,saying,"Michael,someone is trying to steal your secrets." Smolensky discovered later that a prospective rival had called to ask the supplier for certain ingredients by their secret codes,known only to Smolensky and the supplier.The rival had picked them out of Lifeway's refuse.This is an example of

Question

Quizplus · Accepted Answer

The situation described in the scenario is an example of economic espionage, which involves the unauthorized acquisition of trade secrets or confidential information for competitive advantage. The prospective rival's actions of obtaining Lifeway's secret codes and picking out ingredients from their refuse without permission clearly fall under this category. Corporate shadowing, clandestine trade secrets, industrial sleuthing, and competitive surveillance may be related concepts, but they do not specifically describe the scenario presented.

Michael Smolensky Is CEO of Lifeway Foods,Inc