Economic intelligence or strategic intelligence?
These two terms are often associated with elitism. When discussing economic intelligence, one might imagine a peculiar, obscure domain reserved for the elite. In actuality, it is merely a pragmatic approach aimed at safeguarding a company against risks (risk is not threat).
Let us explore the domain of economic and strategic intelligence. The term « Business intelligence » refers to economic information, where the word ‘information’ signifies indications. It is certainly not related to espionage, at least to some extent.
Indeed, in approximately 1950, the market activity resumed, with some entrepreneurs already possessing a visionary outlook. They swiftly focused on competitors in promising sectors. The tactics reminiscent of « Al Capone » have been surpassed; however, the attacks are becoming increasingly discreet or clandestine. Despite this, the gathered information tends to have a limited impact. The primary objective is to increase market share. This includes efforts to tarnish rivals’ reputations or to cut off their resources earlier. All forms of opposition are permissible. Subsequently, methods are refined and diversified, and persuasion strategies are employed.
Information about the industry sector has been greatly improved, enabling the highest-risk victims to be reached with significant responsibility. As a result, these individuals become more vulnerable, and the methods used to gather this information are becoming increasingly discreet. Therefore, proving criminal activity remains a substantial challenge.
Step by step
In the 1970s and 1980s, Japan, the United States, and other countries established agreements on economic intelligence. In 1972, Japan and the USA signed the first major agreement, adopting Law 72-593 to protect against espionage-related attacks on secrets. Subsequent agreements followed…
Intelligence Period
In 1979, ministers from various countries took significant steps to raise awareness about economic intelligence. Typically, general directorates of intelligence lead the Department of Economic Intelligence.
This brief history can be expanded through numerous sources discussing the subject. Economic intelligence thus becomes a vital tool for safeguarding national interests by protecting industries and businesses, including smaller enterprises.
Experts will further develop this concept at the highest levels of government and subsequently increase awareness among SMEs.
Resources allocated vary depending on the needs and objectives. It is a strategic move that benefits most nations, as economic intelligence evolves into a reflective process involving headquarters, boardrooms, and SME committees.
To follow … / …