BUS 637 and 638 Week 5,6 Discussion 1 & 2

Week 6 - Discussion Forum 1

Required Resources

Text

Glackin, C., & Mariotti, S. (2020).  Entrepreneurship: Starting and operating a small business  (5th ed.). Pearson.

· Unit 4: Operating A Small Business Effectively

· Chapter 11: Addressing Legal Issues and Managing Risk

· Chapter 12: Operating for Success

· Chapter 13: Management, Leadership, and Ethical Practices

· The full-text version of this ebook is available through your online classroom. This book is a comprehensive text on entrepreneurship in small companies and how to start and run a business. Chapters 11 through 13 discuss the legal issues in running a business and how to follow ethical practices. These chapters will assist you in your Legal: Payment Card Industry Data Security Standard (PCI DSS) discussion forum, Ethics and Cultural Decision Making assignment, and Intrapreneur and the Entrepreneur Analysis final presentation this week.

Article

Jones, T. M., Felps, W., & Bigley, G. A. (2007). Ethical theory and stakeholder-related decisions: The role of stakeholder culture. Academy of Management Review, 32(1), 137–155. https://doi.org/10.5465/amr.2007.23463924

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article provides information about the relationship between organizational culture and the decision-making process, and it will assist you in your Ethics and Cultural Decision Making assignment this week.

Website

PCI Security Standards Council. (n.d.).  PCI Security Standards Council (Links to an external site.). https://www.pcisecuritystandards.org/

· This website provides information about security standards promulgated by the Payment Card Industry Council designed to protect data supplied to merchants by credit card customers, and it will assist you in your Legal: Payment Card Industry Data Security Standard (PCI DSS) discussion forum this week Accessibility Statement does not exist. Privacy Policy (Links to an external site.)

 

Recommended Resources

Book

Thomas, K. (2010).  Ultimate book of business and legal forms for startups: 200+ downloadable forms and spreadsheets . Entrepreneur Press.

· The full-text version of this ebook is available through Ebook Central database in the Ashford University Library. This book provides information about law for entrepreneurs, and it may assist you in your Legal: Payment Card Industry Data Security Standard (PCI DSS) discussion forum this week.

Article

Muhammed, A. (2017, February 4). Nine common legal mistakes small business owners make (Links to an external site.). Entrepreneur. https://www.entrepreneur.com/article/288649

· This article provides information about operations for entrepreneurs, and it may assist you in your Operations Template discussion forum this week. Accessibility Statement does not exist. Privacy Policy (Links to an external site.)

Website

The Law Entrepreneur. (n.d.).  The Law Entrepreneur . http://thelawentrepreneur.com/

· This website provides information about law for entrepreneurs and may assist you in your Legal: Payment Card Industry Data Security Standard (PCI DSS) discussion forum his week. Accessibility Statement does not exist. Privacy Policy

Instruction

Prior to beginning work on this discussion forum, read Unit 4: Operating a Small Business Effectively from your course textbook,  Entrepreneurship: Starting and operating a small business , and review the website  PCI Security Standards Council (Links to an external site.) . As discussed in the readings, there are many legal issues that frame entrepreneurial activities, and it is incumbent on the entrepreneur to have needed and appropriate legal and business support in the form of a qualified attorney and a qualified CPA. Guessing at legal requirements is, at best, risky.

Entrepreneurs are bound by other quasi-legal requirements, and mistakes in quasi-legal areas are potentially expensive. For example, merchants of any size must comply with the Payment Card Industry (PCI) Data Security Data Security Standards (DSS) from the PCI Security Standards Council.

Enter the website  PCI Security Standards Council (Links to an external site.)  and do the following:

· Read the “Who We Serve” and “What We Do” sections on the website, which is located on the “Get Started” menu in the “Overview” tab.

· Read about two or three additional topics that appeal to you.

After reviewing the website, create a discussion post in response to the following:

· PCI compliance is not a legal mandate. As such, assess the risks of noncompliance with the PCI standards.

· Determine how an entrepreneur might discover other mandates that, while not embodied in the legal code, require compliance.

Offer a link to a video or an article that provides additional information about the PCI standards discussed above or about other binding standards not part of the legal code.