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The Role of Social Media in Global Business Environments

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Added on  2021-01-01

The Role of Social Media in Global Business Environments

   Added on 2021-01-01

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Global Business Environment
The Role of Social Media in Global Business Environments_1
TABLE OF CONTENTSINTRODUCTION................................................................................................................................3TASKS..................................................................................................................................................3A) Summarising the rising risk which global social media organisation such as Facebook, Twitterand Instagram face from actual government regulations. ...............................................................3C) Analysing the way emerging economies are presenting opportunities for global expansion for businesses ........................................................................................................................................4D) Analysing the way government utilises fiscal and monetary policies for stimulating economic activity and growth..........................................................................................................................5CONCLUSION ...................................................................................................................................6REFERENCES.....................................................................................................................................7
The Role of Social Media in Global Business Environments_2
INTRODUCTIONGlobal business environment can be referred to as environment in different sovereigncountries in which an organisation operates. There are several factors such as social, legal,environmental, political which effects business operations. It is very much important fortcompanies to develop the understanding about the market or environment in which it is planning toexpand business. The report have focus on identifying the risks which global social media organisation suchas Twitter, Instagram and face have to face from actual government regulation. It will emphasize onanalysing the way emerging economies presents opportunities for global expansion.TASKSA) Summarising the rising risk which global social media organisation such as Facebook, Twitter and Instagram face from actual government regulations. Social Media organisations such as Facebook, Instagram and twitter are highly threatened bythe new laws and regulation enforced by government in the country. Business entities are facing thehigh regulatory risks due to enforcement of new laws by the government in the nation. There aremany laws such general data protection regulations which are required to be followed by the globalsocial media companies. If in an organisation fails to comply with such norms them they have toface legal issues and pay higher penalties. New laws implemented by the government in the nationhas direct as well as significant effect on the business operations of global social media enterprises.General data protection regulation is the legislation which provides citizens of EU with morecontrol over their personal information (Brown and Peters, 2018). The law of general dataprotection regulation provides the clear picture of roles as well as responsibilities for online servicesby users in EU. General data protection regulation has established a new standard for dataprotection which has direct as well as significant effect on the business operations of the socialmedia companies such as Facebook, twitter and Instagram. Many large as well as global social media firms have to update their privacy policies as wellas terms of services in order to prepare themselves for the new laws. General data protectionregulation requires social media organisation especially those enterprises which have lost controlover customer information. An global organisation need to notify user within seventy-two hoursabout the hacking of their account. This is the important rule in General data protection regulationwhich consists of maximum penalty (Yar, 2018). In context of the Facebook privacy issue. Forinstance, if Instagram fails to comply with the norm an enterprise is liable to pay $1.6 billio
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