The phenomenon of product piracy as an existential threat is today as undisputed as its actual impact on industrial competition in particular. Accordingly, the systematic management of this business risk must now be a subject of strategic planning and control. While in the past the lack of availability of concrete protective measures and difficulties in their implementation were cited as the main reasons for the lack of success in combating it, today a better understanding of the competitive issues surrounding product piracy seems to be a key factor in improving the planning situation. Oliver Kleine provides an introductory yet comprehensive overview of the relevant issues in the management of industrial product piracy.