Risk Management of Legal Issues Affecting E-Commerce

Risk Management of Legal Issues affecting E-Commerce Introduction Risk management is the ability to identify, assess, and prioritize risks depending on the threat they poses on a business and the resources available. Most organizations are operating their business online nowadays. Many industries such as banking, insurance, selling of goods, offering of certain services are turning their operations online. E-commerce has many challenges that threaten to make any organization conducting online business to fail. The ability to identify, asses, and come up with solutions to the risks in the e-commerce industry is essential in ensuring success of the organization. One of the major challenges of e-commerce is the legal implications among†¦show more content†¦Once the team has identified the risks that need immediate attention, then they can go forward to communicate with other teams responsible for the product. In case the problem is with the website, the team must communicate with the web developers and other parties involved seeking the way f orward to address the problem (Shah, Nagree, 2001). The third step to risk management is envisaging the consequences of the actions that an organization takes for a certain risk. The responsible teams must envisage the possible outcomes of any of the actions they take to tackle any problem. A problem with the copyright issues invites for certain actions from the responsible group. The group must look at all the possibilities of the action it takes. By looking at the future possibilities of an action, the group can decide on the best course of action. For example, there might be two actions the responsible group can take to deal with a problem, the group should look at both the actions and decide on the best that will even avoid such problems in the future but not just the action that best solves the problem now (Bouridis, 2010).. The management has to plan for the risk. The steps above call for the planning of risk. Some risks are urgent, others must be immediate, and others essential. All these risks require special attention. Therefore, the management must plan on how to al with the risks depending onShow MoreRelatedFactors Affecting the Organization’s Buying Behaviour5062 Words   |  21 PagesFactors affecting the Organization’s Buying Behaviour Anum Khan Asma Siddiqui Ayesha Majid Hamza Muhammad Ms. Maryyam Khan Industrial Marketing, A SSC 206 July 13, 2012 Lahore School of Economics The organizational purchase behavior is the most complex process the organizations have to deal with in the buying process. The decision making authority and central influencing departments will evolve around the buying center. The roles which have to be carried by the buying center in the purchaseRead MoreItaly : A Country Of Forward Fashion Industry And Exotic Cars1431 Words   |  6 Pageslocated in southern Europe. 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