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Solution to cybercrime
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Managers play a major role within any company. Not only must they understand the business of the company, but they must also possess legal astuteness. According to Bagley, Legal astuteness is the ability of a manager to communicate effectively with counsel and to work together to solve complex problems. For example, legally astute managers can (1) negotiate contracts as complements to trust building and other relational governance techniques to define and strengthen relationships and reduce transactions costs, (2) protect and enhance the realizable value of the firm’s resources, (3) create options through contracts and other legal tools, and (4) convert regulatory constraints into opportunities. Legal astuteness has four components: a set of value-laden attitudes about the importance of law to the firm’s success, a proactive approach to legal issues and regulation, the ability to exercise informed judgment when managing the legal aspects of business, and context-specific knowledge of the law and appropriate use of legal tools (Bagley, 2013, p.11). With each component, social media marketing manager who utilizes social media outlets, such as Facebook, for consumer transactions, mitigate the risk doing business through cyberspace. Having a set of value-laden attitude is essential when doing business in the cyberspace. Managers must consider the success of the business. The laws and regulations are guidelines to help managers determine the risks and opportunity while doing business through cyberspace by ensuring that the business is legal. Managers act proactively seeking out legal advice about the business that is in compliance with laws and regulations. Using managerial judgment is also key when managing the legal aspect of a soc... ... middle of paper ... ...An Overview.” (n.d.) Agency Relationships: An Overview. Retrieved from http://www.shsu.edu/~klett/agency%20et%20al.htm Bagley, Constance. (2013). “Law, Value Creation, and Risk Management”. (7 ed.), Managers and the Legal Environment (p.11). Mason, Ohio: Cengage Learning, 2013. “Dodd-Frank Wall Street Reform 327 in the last year.” (23 Jan. 2013). Federal Reserve. Retrieved from http://www.federalregister.gov/articles/2013/01/23/2013-01255/social- media-consumer-compliance -risk-management-guidance. “Federal Register Tutorial.” (n.d.). National Archives and Records Administration. National Archives and Records Administration, Retrieved from http://www.archives.gov/federal- register/tutorial/online-html.html “U.S. Federal Government.” (5 Feb. 2014). USA.gov: The U.S. Government’s Official Web Portal, Retrieved from http://usa.gov/Agencies/federal.shtml.
Social media is a modern way to manage the business; this is a useful to the companies to manage the existence in the market approach to the brand and consumers. Also, using a social media they are able to get the feedbacks from customers and able to improve their business. Additionally, social media is used everywhere by everyone and people go on it a lot of times in a day. Therefore it is important for the business to fit to the changes occurring in the market frequently in order to keep the business working properly and not losing customers.
Management writes the rules and sets the goals for the organization. Management is often critical of failures and expects only success" (Kumle & Kelly, 2006, p. 11). Management handles the day-to-day complexities of organizations. Budgets, planning, meeting with investors, organizing, and maintaining company traditions all fall under management responsibility. As an organization grows managers tend to lose touch with employees. Managers think in terms of profit, goals, and company growth. Management operates on a need-to-know basis and can easily incite fear in their subordinate employees. Rumors of downsizing or a change in an organizations direction can often be eliminated by managers being more open with employees. Management has a tendency to protect itself at the expense of others. According to Kumle and Kelly (2006), " many managers are overly concerned with fitting in and not rocking the boat, those who emerge as leaders are more concerned with making important decisions that may break with tradition but are humane, moral and right" (p. 11). Good managers are also good leaders and tend to hire good leaders to represent them.
Managers have a multitude of formal responsibilities and are accountable for the actions of their employees. Managers must lead and direct an organization through manipulation and deployment of an organization?s resources. People in a management position are expected to carry out specific functions, jobs, and responsibilities; they must influence people, manipulate the environment, money, and time to achieve
Chesseman, Henry R. Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues. 8th ed. N.p.: Pearson Education, Inc. , 2016. Print.
First and foremost, effective managers are of course, required to have the basic management skills in order to be able to manage an organisation. Any managers has to possess certain technical skills which allow them to perform specialised task, particularly those first-line managers as they spend more time helping employees to solve work-related problems and they are mostly involved in supervising individual performance and instructing subordinates, for instance, ensuring that the products and services are being delivered to customers on a daily basis. (Robbins and Coulter, 2005) In other words, managers are required to possess "the ability to utilise tools, techniques, and procedures that are specific to a particular field." (Lewis, Goodman, and Fandt, 2004:12) In fact, managers are the first to look up for whenever employees encounter problems. (Griffin & Ebert, 2004)
Among the billions of social media users, there is a percentage dedicated to businesses who use social media as part of their marketing strategy. The sheer number of people who use services like Facebook and Instagram on a daily
Cheeseman, H., (2013). Business law: legal environment, online commerce, business ethics, and international issues. (8th ed.), (pp. 168-205). New Jersey: Pearson Education.
Anyway present day common litigants are generally fit to evade most (if not all) court manifestations if spoke to by an attorney. It includes connections between people, or private connections between nationals and organizations. Criminal litigants are normally obliged to post safeguard before being discharged from authority and must be available at each phase of the processes against them. Open law blankets three sub-divisions: Constitutional, authoritative and criminal law. Different cases included cherry pies with cherry pits, turkey dressing with turkey bones and even a clam holding a pearl.
Social media avenues are a new, upcoming, and popular way to advertise for businesses and for people to connect to each other. Alexis Ohanian once said that "Being effective at social media, whether for business or personal use, means capturing people who have short attention spans. They 're only a click away from a picture of a funny cat, so you have to make your thing more compelling than that cat. And that can be a high bar." (Ohanian) Powerful usage of social media can have a big impact.
Recently, the Internet has become the most significant technology in all over the world, which is not only used by the people to contact with each other but also utilized by the business organizations to become global (Taylor, Caeti, Loper, Fritsch & Liederbach, 2006). Computer and internet enable the business organizations to execute the Electronic commerce business model, which has become very popular. Computers and Internet are a powerful source in the success of globalization and international business. Computers are being used worldwide and due to this, cyber crimes are increasing continuously with a rapid growth (Cheeseman, 2006).
Social media in marketing is used as an apparatus that builds an identity for a brand and gives awareness that they thought they could have. It does not only respect buyers, but also customer allegiance. Social media is widely-ranged so it can be used in whatever way that best conforms to the strategy and wants of the business. In accordance to the social media marketing report of 2014, a considerable (64%) of marketers use social media for at least 6 hours or more and 41% for 11 hours or more weekly, more importantly nearly (19%) of marketers use up to 20 hours each week on Facebook, Twitter, LinkedIn, Instagram and many more. The report also showed 7 social media platforms that led in 2014 which are Facebook, Twitter, LinkedIn, Google+, Youtube, Pinterest and Instagram.
Since social media users grow larger and larger, many companies take the opportunities of using social media marketing to reach more customers. Companies use social media marketing in order to achieve marketing communication and branding goals. Social media allows companies to see what prospects are saying about their brands and competitors. It also allows companies to build deeper relationships with existing customers that drives them to purchase again and again. Not only it can help them generate new leads, but it allows them to build deeper relationships with existing clients that drives them to purchase again and again. It has become common for businesses to branch out and experiment with multiple networks with the aim of reaching the maximum amount of costumers.
We can now connect with each other instantly over the internet. It is quicker and easier to communicate and share with each other now than it has ever been. Massive amounts of people access the internet every day, and a good number of them use social media. This means that the ability to use social media and use it well is crucial for modern businesses. Whether for public relations or advertising, social media is now one of the best ways to reach consumers.
Social media is a form of online communication channels devoted to society input, intercommunication, and cooperation. In social media, people can talk and interact without restriction, exchange and debate information with each other about their lives by using many different combinations of the words, personal multimedia, photos, and videos. Also, in social media, individulsa and groups can create, edit, comment on, and engage in personal conversations. There are numerous types of social media, for example, wikis, blogs, social network site, micro blogging services, and sites sharing media. At the beginning, social media was limited to a few networks sites, for instance, Bulletin Board System that allows people to communicate with each other and post a comment. Today, social media has transformed from ineffective sites to more useful and effective websites, for example, Facebook, and MySpace. Some companies are using social media to achieve their goals which is attracting more customers to company website. Three advantages of using social media in business are: raising brand consciousness, building customer relationships, and increasing performance measurements.
Social media came from two type of terms which are “social” and “media”. The term of social refer to basic need of human on connect with other human while media refer to which we use to connect with other human. The term social media credited to Chris Shirpel which state that term social media used to describe as online tool and utilities that allow communication of information online, participation and collaboration. In social media there are several categories such as blogs, social networking sites, wikis, podcasting and videocasting and social bookmarking.