Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
Inventory procurement, storage and management is associated with huge costs associated with each these functions. Inventory costs are basically categorized into three headings: Ordering Cost Carrying Cost Shortage or stock out Cost & Cost of Replenishment Cost of Loss, pilferage, shrinkage and obsolescence etc. Cost of Logistics Sales Discounts, Volume discounts and other related costs. […]
What the Proponents of Governmental Bailouts Have to Say about Bailing Out Businesses The ongoing economic and financial crisis due to the Covid 19 outbreak has reopened the debate about how far and how much the government help businesses struggling due to the crisis. Indeed, this was the same debate that erupted during the Great […]
A project in any organization is collaboration across departments to achieve a single well defined objective. The process of planning, organizing and managing resources to achieve the organizational objective is called project management. Project management is very important in production of goods and services. Idea generation to final production of product or service, each step […]
How the Eurozone Misread the Signals from the Global Economic Crisis When the global economic crisis broke out in the autumn of 2008, the impacts were felt around the world. However, it affected the US primarily though countries across the world felt the reverberations to some extent. When the crisis broke out, Europeans were smug […]
The previous articles have mentioned about the need for a business continuity management program and the components of a typical business continuity plan. This article looks at how to prepare your organization for emergencies and the steps that are needed to be taken to prepare for contingencies. For starters, the business continuity program that your […]
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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