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Business And Society Assignment Solved

   

Added on  2021-01-03

7 Pages1845 Words227 Views
Professional DevelopmentPolitical Science
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UnderstandingBusinessTable of Contents
Business And Society Assignment Solved_1

INTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3Question 2 Business and Society/Law...................................................................................3Question 4 Planning your Career...........................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................72
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INTRODUCTIONUnderstanding business can be described as to analyse aspects of conducting business concernby gaining appropriate knowledge to gain better outcomes. It include to manage overalloperational activities and procedures in more effective as well as efficient manner in order toattain set goals of business (Storey, 2016). The present report will focus on business and societyincluding GDPR and its impacts on businesses with associated benefits for business concern &customers. It will also include effects of digital marketing in selected career and main roles ofHR department. The role of legal department in daily operations of business and progressionprospects in career path or salary scale is given below. MAIN BODYQuestion 2 Business and Society/LawThe GDPR stands for General Data Protection Regulation which can be considered as a legalframework that consist guidelines for collection and processing of personal information ofindividuals within European Union (EU). Basically, it includes several principles for datamanagement and rights of a person while also imposing fines which can be revenue based.However, it is necessary for every organisation to follow guidelines provided by EU for securinginformation as it is a critical regulation for corporate compliance offices at banks, insurers andother financial companies. However, GDPR has effects beyond lending, insurance and otherfirms at the time of collecting and processing personal data of an individual. In addition to this,these guidelines are helpful to human resources of companies and their IP address of individualsusing online who were utilising online services respectively. Moreover, this framework isresponsible for building rights is securing information and maintain confidentiality of personalinformation (Quinlanand et. Al, 2019). There are various kinds of challenges that are associated with GDPR as the decisionmaking to apply the same can come with criticism. It includes effective guidelines which aremainly connected with social networks and cloud provider but it did not consider the appropriateway to deal with data related to staff members. Meanwhile, this legal framework provides a strictrule that employee data cannot be transferred to those countries which are not the part ofEuropean Union. Moreover, it is observed that cost linked with proposed regulation of GDPRcould also boost up over time because of requirement of additional investment. In addition to3
Business And Society Assignment Solved_3

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