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Global Business Environment Assignment Solution (Doc)

   

Added on  2020-10-05

7 Pages2102 Words223 Views
GLOBAL BUSINESSENVIRONMENT

TABLE OF CONTENTSOccurrence of risks of the global social media firms..................................................................1Impact of regulations on firms....................................................................................................1Impact of President Trump’s economic policy on foreign economies.......................................2Opportunities for Emerging economies for global expansion for businesses.............................3REFERENCES................................................................................................................................5

a. Occurrence of risks of the global social media firmsWith advent of technological era, the internet platform monopolies and software hasbecome a social curse and brought revolutionary challenging issues at the global level.Henceforth, there are rise of several risks that are associated towards the working practices ofthese firms due to the proposed and existing regulations made by the governments. These platforms have been used by various businesses and governments and exploit it fortheir personal hidden agendas. This not only undermine the value of these firms by combatingtheir security networks because their data might be at risk of losing; since this data involves allthe personal information about their customers' (Uldam, 2016). It is termed as Reputational Risk.For instance, Facebook uses API (Application Programming Interface) of a third party wherethere are chances of data theft and is exposed to hacking of their clients' personal information. There is Financial Risk as they might lose out on their revenues after the regulatoryguidelines from the government to automatically streamline the content, fake news and irrelevantads. There are many companies that have built their businesses by using several tactics fromthese firms like Instagram, Facebook etc. (Lazer and et.al., 2018) Thus, they must be vigilant indealing with the associated parties and companies who uses their platform and prevent theDigital Risks that affect their brand value in the global marketplaces. Recently, smartphones boon has helped these social media firms to gain the customers'attentionunder the legitimate framework that let these platforms to work and gain control of theflow of data and information.Legal Risk is important as there might be an attack by hackers orany group of people who might use this free pass and steal the important information of clients'or any related subject.Impact of regulations on firmsIn regard to the same, Marc Andreessen, Netscape founder warned about this rising risksthat might hamper the credibility and profitability of various firms working in this sector(McNamee, 2018). The major implications involve the privacy and security issues that broughtattention of the governmental agencies and regulatory frameworks. They adhered strictregulations on their working practices and have implemented auditing to curb the unauthorizedactions. However, these risks such as legal, market, business, regulatory, strategic etc. are1

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