When companies begin to quantify

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that distributors in its network were selling parts on the gray market that had originally ordered them for purported use by customers. Repairable components. industry are lucrative targets for criminal fraud. Unfortunately, many companies are products with their board of directors or shareholders. Senior executives often try to explain away the problem with excuses, arguing that counterfeiters will always find a way to copy the product, or that piracy accounts for only a small portion of sales and is not worth pursuing.


This does exactly what counterfeiters want businesses to do: ignore them. Get the latest on Innovation Strategy The latest insights on workplace strategy and execution, delivered to your inbox once a month. What is your email? Sign Up Privacy Policy the extent of counterfeiters' impact on Job Function Email List their bottom lines, they are likely to take a piecemeal approach to the problem in an attempt to prevent it from growing further. But this is not enough.



Combating counterfeiting requires the attention of a wide range of organizational functions. It works best with a multi-layered strategy that encompasses multiple approaches and engages the entire organization and its partners. High-demand products in every industry are lucrative targets for criminal fraud. We recommend that organizations develop a consistent.