Before we start our conversation, I would like to ask you two questions. First, have you ever been a student? Second, have you ever submitted a plagiarized paper? If your answer to both of these questions is yes, then welcome to the club of people who have experienced the negative consequences of plagiarism. As it has eventually turned out, imitation of ideas is present not only within the academic realm. It can become a fierce enemy of yours when it makes it reach your business. Effects of plagiarism in business are detrimental as it can easily wipe out everything that you been working hard for. If you wonder to know what are the consequences of plagiarism for your business, then you definitely need to read this article.
The Idea is Everything You Have
Imagine yourself coming up with an up-and-coming start-up that lures copious investors from all around the world who want to fund your enterprise and become your partners. Everything is going well as all of a sudden, it turns out that the entire idea of your business was plagiarized. Just like your college paper from the past. Would you feel sorry for not using a free plagiarism checker for making sure that your idea is an original one before selling it to the investors? You should have known that an average percentage of copied ideas reaches far beyond the figure of 50%. However, there is an interesting fact to mention here.
It does not mean that you have stolen it on purpose. You could have simply not known about the fact that such an idea has been already existing somewhere else in this big but at the same time a tiny world. Can you imagine the consequences? I bet, in situations like this you wished you should have used a plagiarism checker for business ideas or at least Googled your “invention”. A plagiarized idea entails massive fines and debts for you. So, make sure that you use a free online plagiarism checker next time.
Companies that Vanished
Here is a list of companies that vanished into thin air between 2000 and 2010:
- MCI WorldCom
- Eastern Airlines
- Pan Am
- Standard Oil
- Arthur Andersen
- General Foods
The list can go on and on and on. However, there is one thing that all those companies may find in common. All of them have lost their customer because there were business substitutes with more original ideas that appeared on the market.
Here comes another list of companies that filed a request for bankruptcy between the years 2010 and 2019. Still, it should be mentioned their problem was not the emergence of new competitors, but the lack of original ideas:
- David’s Bridal
- Rockport, etc.
Plagiarism Among Employees
Another way that plagiarism can negatively impact your business is by killing the vibe within the company. Nowadays, it is extremely important for companies to have a benevolent and relaxing atmosphere for the employees to show their best at work. The obsolete managerial principles of constant control and pressure are not working any longer. Plagiarism in the workplace can easily kill all the positiveness in your office.
Imagine two employees submitting the same presentation on the SMM-strategies that the company shall embark upon implementing in the next two years. One of them will definitely end up being considered plagiarized. As a result, there will be a major conflict within the company that will lead the staff to a gradual division into two camps: those who support one presentation and its creator and those who support the other presentation and its creator. As you can see, it is highly recommendable that you had plagiarism checkers in your office. What is more, classifying their usage as a mandatory final step at the end of every project is a must as well.
Plagiarism Kills Trust
The biggest problem that plagiarism can eventually bring to you is the one of losing the trust of your customers. Once you end up supplying a plagiarized product, rest assured that your customers will never come back. Furthermore, those are even the loyal customers that may end up refusing to deal with you because there is plagiarism in your work. Hence, you shall stay really focused to no let plagiarism into your business.
Talking why plagiarism is a noxious phenomenon is nothing else but monkey business. It is understandable by default that copying someone else’s ideas is no good. The problem is that people consider it to be something that is merely present in the world of education. Nonetheless, as it turns out, plagiarism is also the nemesis of business as it annually kills thousands of companies who resort to copying the ideas of others trying to remain relevant in this highly-competitive world. Make sure that your business is original, use plagiarism checkers.