MGMT 422 CORP POL/ETHICS
After reviewing Chapter 12, what do you think is the biggest threat to business from technology? Give an example. What do you think is the biggest benefit technology provides to business. Give an example. On the whole, is the rate at which technology changes a good thing or a bad thing? Why? Phishing, the activity of defrauding an online account holder of financial information by posing as a legitimate company, can be considered a major threat to businesses from technology. One type of phishing attempt is an email message stating that you are receiving it due to fraudulent activity on your account, and asking you to "click here" to verify your information. A good example of a phishing email:
Phishing emails can be identified by subtle hints as misspelled words, links placed in emails, threats, and a popular company name in order to scam many victims. E-business is a major benefit that technology provides for businesses. Through use of the internet, improved speed, the ease of sharing and storing information and a decrease in human error through automation add up to a reduction in costs and an increase in revenue. The rate at which technology changes has both pros and cons. Technology limits the need for people to be in the same physical location, for example when companies hold a teleconference with several employees located in different branches or when they allow employees to telecommute from home. In some cases, this can save companies money because they do not have to pay travel expenses. When employees use technology for telecommuting, they can work in the comfort of their home instead of traveling to a workplace. On the downside, the use of technology doesn't always result in greater efficiency. Companies that depend heavily on computer systems to conduct business can come to a standstill if the system breaks down. There is typically a learning curve that accompanies the introduction of new system...
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