Information Leaves Huge Impact Organization-Myassignmenthelp.Com

Question: Discuss About The Information Leaves Huge Impact Organization? Answer: Introducation Globalization is a method by means of which the business and the organizations obtain international support, influence and starts working with and operating in an international scale. The impact of globalization and information leaves a huge impact in the organization (Wild, Wild and Han 2014.). Convergence of technology and globalization have differed the way, the world does business. Technology has reduced the investments and costs of business-to-business transaction and globalization has helped in leading a wide array of business. Globalization helps the business and organization, as they are able to access cheaper labor and materials. With the involvement of technology in globalization the barriers of communication is reduced considerably, which favors the business processes. The information society is related to a society or people that deal with development, distribution and modification of information and is considered as an important economic, political and cultural work and activity. The tools and the machines of the information society are computers and telecommunications (Lyon 2013). In wholistic point of view, it can be said that we are not truly an information society. This is because, although in todays world, most of the people are dependent of computers and technology even for the smallest tasks, there are many people who may not have access to all the tools of information society or may not fully depend on technology for everyday work. The regulatory and legal issues that should be known are listed below- 1) Consumer Laws: The Consumer law of Australia provides regulations on illegal and unfair contact terms and guarantees consumer rights and product safety laws (Barker et al. 2012) 2) Product Liability Regulation: Australia has a national statutory framework for regulating the safe product standards. This ascertains that the harmful and unsuitable products are not marketed in Australia. 3) Environmental Legislations: The Australian Government administers the environmental protection. 4) Privacy laws: Australia has national privacy legislations, managed by the OAIC and monitors how business can access, collect and store personal information and communication. References Barker, K., Cane, P., Lunney, M. and Trindade, F., 2012.The law of torts in Australia. Oxford University Press. Lyon, D., 2013.The information society: Issues and illusions. John Wiley Sons. Wild, J.J., Wild, K.L. and Han, J.C., 2014.International business. Pearson Education Limited.