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Dysfunctional Aspects of the New Economy with E-business

A) List three (3) "dysfunctional" aspects of the "New Economy" promoted by e-business. Why are these aspects dysfunctional? Identify any legal, ethical, or regulatory and social issues that might negatively impact people, organizations and/or society. Discuss.

b) Relate this to a company that you are familiar with. Discuss how this company is affected by any legal, ethical or regulatory and social issues.

c) Do you think the Government should impose an "Internet Tax" on using the Internet? Discuss both sides.

d) Do you think the Government should impose a "Purchasing Tax" on all items purchase over the Internet? If yes, why? If no, why not?

e) Let us relate this to a company that you are familiar with. Discuss how this company will be affected by an additional tax?

Include references please.

Solution Preview

a) List three (3) "dysfunctional" aspects of the "New Economy" promoted by e-business. Why are these aspects dysfunctional? Identify any legal, ethical, or regulatory and social issues that might negatively impact people, organizations and/or society. Discuss.

Internet environment is dynamic and growing and it is facing lot of ethical, legal and regulatory issues. There are lot of dysfunctional aspects of New Economy, let us discuss this.
There are issues of diverse cultures and languages; legal and regulatory differences; localization, technology and infrastructure. Moreover the markets are flooded with various products. Various options are available for end customers to switch loyalties. Hence the product life cycles are considerably shorter. Shorter product life cycles have denied companies the sustained growth and financial benefits and posed a challenge of survival to many others.
Thus the survival of many organizations is at stake. Another issue is of privacy and security. The most important challenge that e-commerce face is the ability to guarantee customers' privacy and safety when doing transactions online. Thus the major worries encountered in electronic commerce transactions are that of data protection, data authenticity and taxation.
Another worry is to manage cultural barriers and differences of beliefs, ideas, norms and values that shape peoples' lives. The challenge is to find the common ground between cultures on which to build and market their products.
The ethical processes of providing safe and secure medium of enabling the transactions are key to the success of business website. The other Security Issues such as Firewalls, viruses, hacking, site certificates, encryption and privacy policies are the major areas of concern which are holding corporations back from entering the digital world too deeply as it makes them more vulnerable to corruption and breakdown. For the most part, the Internet is unregulated. However, the government is now formulating laws and regulations to prevent illegal activities and fraud on the internet. There ...

Solution Summary

This solution of 1,285 words explains three dysfunctional aspects of the "New Economy' such as cultural barriers, legal and regulatory issues and others. It also relates it to the company of WebMD.com and explains if the government should impose an internet tax or a purchasing tax. References used are included.

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