LONG REPORT DRAFT

Research Report Progress

Industry Best Practice

The success of this business depends on the ability of the business organization to act in the best ways possible in the management of the issues that affect the running of the business. For instance, communication is one of the key areas of concern that must always be considered for the successful coordination of all the activities of the business organization. In this regard, the use of social media platforms such as Twitter, Facebook, and Instagram has been used as the binding tool for communication and initiation of the changes within the company.

Besides that, effective marketing of the company` s products can only be effective if proper measures of marketing and promoting the products are put in place. This is also one of the most expensive exercises in ensuring that the company`s products are well known and the company achieves its goals. As a result, the use of social media platforms provides an opportunity for the company to effectively market the products of this company which creates awareness across all groups of people in the market thus making it easier to achieve the organizational goals.

The company is also able to put in place all the relevant practices through the use of social media platforms to assess its performance in the field. For instance, through monitoring the responses given by the customers on social media then the company can initiate the right measures for the advances of the company`s goals. Therefore, through training and investing in the required resources in the company as recommended by the consumers via social media platforms, the company is always in a good position to take the right actions for better performance of the company (Yip & Bocken, 2018).

Laws and Regulation

The running of the business cannot be successful without adhering to the rules and regulations of the land. All the resources must be channeled towards ensuring that the desired goals of the company to be achieved through adhering to the rules that have been put in place by the managing authorities. The advances made in technology have made it easier to run the majority of the company`s activities through the use of the internet and the use of social media platforms has even made it easier to achieve the goals of the company. However, all these advances have also come with challenges that must be managed for the company to achieve its goals. In this regard, the company has put in place all the safety precautions required to ensure that cases of social engineering practices are not successfully carried out at the company.

On the other hand, the regulations that have been put in place by the bodies governing the internet usage. In this regard, we ensure that all the reviews made online on social media platforms are done in the most effective ways that do not have negative effects on any quarter of the company. The running of the company is thus done through adherence to all set rules governing all operations of the business. This is because failure to adhere to the set rules and regulations then successful running of the company would not be possible (Mann, Y. N, & Mann, K. N. 2018).

Ethical Issues

These are critical issues that determine the success of the business. Research has shown that there are four key ethical issues that the business organization must adhere to for the desired goals to be achieved. In this regard, the forgery of records is one major issue that has often made companies suffer devastating impacts. In this regard, all the records must be set clear with the ability to account for all the decisions made. Secondly, social media platforms should also be used in a way that does not violate the ethical principles set by business organizations.

Harassment and discrimination of the employees and other stakeholders is also another third critical issue that affects business organizations. In this case, the vice ensures that some of the important individuals are discriminated against and harassed based on age, gender, race or ethnic backgrounds. Finally, the healthy and the safety of the employees and other stakeholders must also be taken into consideration to ensure that the desired goals of the company are achieved (Harris et al. 2019).

References

Harris, A. L., Lang, M., Yates, D., & Kruck, S. E. (2019). Incorporating ethics and social responsibility in IS education. Journal of Information Systems Education, 22(3), 1.

Mann, Y. N., & Mann, K. N. (2018). E-Retailing Laws and Regulations in India: E-Commerce in India–Legal Perspectives. In Internet Taxation and E-Retailing Law in the Global Context (pp. 8-20). IGI Global.

Yip, A. W., & Bocken, N. M. (2018). Sustainable business model archetypes for the banking industry. Journal of cleaner production, 174, 150-169.