Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
Team Member Selection Team member selection is a process that involves mapping of skills and strengths of each individual member with that of the role and the job description for which they are being hired or taken into the team. The process should take into account the perceptions of the team member regarding the role […]
The mention of the Measure phase of the Six Sigma module brings into mind pictures of statisticians performing complex operations on data to derive meaning out of it. While this is true to some extent, the complexity of the process is highly over-rated. True, that there is a tremendous amount of statistics involved. However, in […]
Introduction Information systems can be defined as set of co-ordinated network of components, which act together towards producing, distributing and or processing information. Information systems in conjunction with information technology have various applications in today’s business environment. Communication System The process of transmitting information from one place to another is called communication. The transfer of […]
In any Organization, the BPI initiative to be a success would need to be first understood and owned as well as sponsored by the leadership. The leadership here includes mainly the business unit leaders who become the main sponsors of the BPI program. It is important for the Leaders to understand why BPI is required […]
The End of the Good Life for the Current Generation With the global economy mired in deep recession for the last few years, young people who are graduating from universities around the world are caught in a vicious cycle of having debt on one hand and no jobs on the other hand. Given the fact […]
The Internet has drastically changed in the past few years. Consumers have now become very aware of their privacy issues. Many consumers want to be in control of the data that they create and share online. Till now, the contracts used to be drawn by social media companies. Hence, they were heavily skewed to be in favor of such companies. However, European regulators started taking notice that the customers are being negatively affected due to the lack of proper regulation. It is for this reason that they created the General Data Protection Regulation (GDPR).
Like every policy, the GDPR has its own pros and cons. In this article, we will have a closer look at what the General Data Protection Regulation (GDPR) really is and how it impacts businesses all across the world.
As mentioned earlier in the article, GDPR is a new set of regulations that have been created by European regulators. There have been several such regulations which have been created all over the world. However, none of them had serious intentions which actually made a difference. This is where the General Data Protection Regulation (GDPR) stands out. The data privacy rules which the corporations are supposed to follow under General Data Protection Regulation (GDPR) are stringent. The penalties for not following them are pretty steep as well. Here are some examples of what makes GDPR different.
For the first time in the history of data protection laws, the right to be forgotten has been provided to consumers. Digital companies can no longer show backdated contracts signed by customers and hold them hostage. If the customers want the data to be deleted now, this instruction supersedes the previous ones, and the digital companies are legally bound to delete all data that has been requested by the customer.
To sum it up, the General Data Protection Regulation (GDPR) has some pros and cons. However, the benefits largely accrue to the consumers and the big businesses. The small businesses are the ones who have to bear the cost of this increased regulation.
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