It is approached from a socio-ethical perspective with specific emphasis on the implication for the information profession. The issues discussed are the concept privacy, he influence of technology on the processing of personal and private information, the relevance of this influence for the information profession, and proposed solutions to these ethical issues for the information profession. This is due to the development and use of technology. This paradigm shift brings new ethical and juridical problems which are mainly related to issues such as the right of access to information, the right of privacy which is threatened by the emphasis on the free flow of information, and the protection of the economic interest of the owners of intellectual property.
Governments at all levels regularly impose regulation and restrictions on businesses. Many of the regulations passed by governments can pose as major threat to businesses operating in a regulated industry. If your business is "controlled" or anticipated to be "controlled" in the future, be sure to discuss such matters in your business plan.
If your unsure or unaware of any government regulations for your particular business, be sure to contact all levels of government. Economic Environment as a Business Threat: The economic environment may pose a threat to many businesses. For instance, many products and services do not sell well during economic downturns, such as a recession.
Moreover, consumers tend to decrease their spending while retail operators tend to reduce their capital investments, for example.
Other products and services, however, sell extremely well during recessionary periods. If your proposed business will excel, falter, or remain unscaved during economic down-turns, it should be discussed under the operation section of your business plan.
The Weather as a Business Threat: Many businesses rely on sunny clear days, others rely on rainy days or nights, while other businesses require snow in order to generate sales.
For example, a Canadian golf course owner would generate "few" sales during the cold Canadian winter months. Similarly, he would see few customers during wet weather.
Therefore, "poor" weather poses a major threat to golf course owners. If the weather poses a threat to your business, be sure to discuss the issue in detail.
Will you have a backup plan for those days where the weather is not cooperating in your favor? Also, assess how changes in the climate will affect your business. Use historical temperatures and weather reports in your discussion.
Changing Customer Patterns as a Business Threat: Will consumes continue to purchase your product or service as years pass? Will consumer's attitude, interest, desire toward your product change as your business progresses or as more competitors enter the marketplace?
Will their buying behaviors change in terms of usage, loyalty, benefit sought, and occasion? As consumer life styles change, will their buying patterns change as well?
In other words, how will your target market change as time passes?
And how will your business change to accommodate changing customer buying behaviors? Will changing customer patterns pose a major threat to your business or will you change as the market changes?
These are some of the issues you should address under the threats section of your operations plan. Product Liability as a Business Threat: Is your product required to meet certain safety measures?
Is your product or service in a high risk group for potential lawsuits? If so, your first step is to acquire the necessary insurance coverage.
Remember a large award against an uninsured company usually results in financial disaster. The next step is to assess the likelihood of any possible lawsuits.
And the third step is to determine how you will deal with any possible lawsuit if it arises. The rule of thumb, however, is to create a product or service that passes and goes beyond all safety measures. If product liability poses a threat to you and your business, be sure to provide all necessary details, including the effects on your company's future existence.
Technological Changes as a Business Threat: The use of technology plays a major role in many industries. The computer industry, for instance, spends a great deal of time and money searching for more effective and cost efficient ways to bridge the gap between humans and computers.
Computer companies that create a "better" and easier approach to computing will undoubtedly experience success.
For businesses within an industry where technology is a key success factor, it's crucial to continuously search for ways to become more technologically advanced?Get the latest science news and technology news, read tech reviews and more at ABC News.
I think all the contrary, bussines are actually empowered by technology. But bussiness must walk the same trail than tech, if not you have the risk to get out-of bussiness very quickly.
Modern technology and society’s constant connection to the Internet allows more creativity in business than ever before – including the black market. Here are the top 10 threats to information security today: it creates a catastrophic threat. Businesses are increasingly reliant on technology, and encryption is becoming more crucial for preventing cyber events and data theft.
A risk assessment is a critical part of understanding your vulnerabilities, so that you can take the right actions to prevent issues from happening. Investing in current cybersecurity technology is a logical step for many, although one in five IT professionals admitting to using out-dated technology." He added, "Irish businesses are starting to take a more mature approach to security and accept that it is very likely they will be hit by an emerging threat.
Jul 09, · Cybercrime a growing threat for local businesses, governments Cybercrime is a growing threat for area businesses and governments, with the Rudolph Libbe Group and the city of .