Chapter 9 - ✨Last Post✨
Ch 9 - E-business and E-commerce
I wanted to focus on section 9.4 - Ethical and Legal Issues in E-business. Exploring the ethical and legal issues of e-commerce.
Although offering various advantages, such as simplified storage and access to customer information, e-commerce can generate major ethical concerns, for one:
Privacy and data protection issues - because of the easier handling of customer details, this can make the information more vulnerable if not protected correctly, causing greater cyber threats, e.g. web tracking.
Secondly, it can also have the potential for job elimination, such as those of brokers and agents. This creates the need for businesses to consider ethical standards to be implemented to help employees in possible layoff transitions - for example, compensation to employees, appropriate notice, and position relocation.
Among privacy and job loss, some significant legal issues include:
deception of information
domain name competition
exploitation of unregistered domain names
compliance of disclosure to taxes and other fees
upholding copyright laws
In summary, I think if one of the main goals of e-business is to create a greater change and impact on how B2C and B2B interact in an online setting, it is key that this tool is done not only with the right intentions but with ethical and legal actions.
Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management information systems. Wiley.
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Quote of the week:
"For e-commerce, the most important thing is trust" - Jack Ma
Hey Sophie, this is a well-written summary that covers the chapter's learning objectives.
ReplyDeleteExcellent focus on Ethical and Legal Issues Sophie!
ReplyDeleteYour summary effectively highlights the key concerns surrounding e-commerce, including data privacy, potential job losses, and various legal considerations. Well done for your last blog post!
Solid work Sophie! Your posts have been my favourite, always laid out nice and clear, but also in your own aesthetic way! In terms of content, nailed it, great work!!
ReplyDeleteI liked how you mentioned that despite e-business making it easier to record and store customer information for businesses, it also makes it more vulnerable to cyber threats. Also with IT making some jobs redundant it really has become vital to make ethical policies how to layoff employees now. Great work, Sophie!
ReplyDeleteI agree! ethical and legal issues in e-business makes sense because you effectively highlight key concerns. You point out privacy and data protection issues, which are critical as customer information becomes more vulnerable to cyber threats. Keep it up!
ReplyDeleteYour explanation of how e-business encompasses a wide array of digital activities, including customer relationship management and online collaboration, helps to elucidate the comprehensive nature of digital transformation within organisations. Overall, your post provides valuable insights into the interconnectedness of e-business and e-commerce in shaping the modern business landscape. well done!
ReplyDeleteNice summary Sophie, I like how you explained the different issues dealing with job loss.
ReplyDelete