StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

STRATEGIC LEGAL AND SOCIAL ISSUES - Assignment Example

Comments (0) Cite this document
Summary
Australian Corporation Laws Medvet Laboratories was founded in 1985 and is the largest provider of human medical testing services and products, conducting approximately 200,000 tests each year in the areas of workplace drug & alcohol testing, food & environmental testing and DNA testing (Short, 2011)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
STRATEGIC LEGAL AND SOCIAL ISSUES
Read TextPreview

Extract of sample "STRATEGIC LEGAL AND SOCIAL ISSUES"

Download file to see previous pages As a company that conducts the majority of its business within the medical industry, sensitive issues like the maintaining the confidentiality of patient/client information is a large issue that constantly presents significant risk to the progress of the company. The recent privacy breach the company experienced only heightens the need for immediate action concerning enhancing security protocols to minimize future risks of this nature (Martin, 2011). The large breach in confidentiality protocols resulted in the names of individuals seeking paternity and drug testing (Martin, 2011) has put the company at substantial risk for subsequent litigation against the company for exposing personal medical information. Allegations that Medvet was made aware that the names, addresses, and product orders of individuals that have ordered tests from Medvet has been available on Google since as early as April (Martin, 2011) can lead to an extremely damaging class-action lawsuit against the company should any of the affected persons suffer any damages as a result of such a breach. Affecting approximately 800 of Medvet’s customers (Tmaliyil, 2011), this breach has the potential to cause significant damage to the company’s image and cause significant financial loss should any or all of the affected parties suffer adverse effects due to this incidence and seek monetary damages. The $11 billion lawsuit Pennzoil won against Texaco, which resulted in Texaco filing for bankruptcy, (Simkins & Ramirez, 2008) has made it clear to many companies the dangers to making themselves vulnerable to such types of litigation. Risk management includes ensuring the security of any and all client and personnel information, which avoids this information becoming accessible to any unauthorized persons, in or outside the company. Maintaining this standard would require steps such as heightening the encryption programs that protect such information within the company’s database and ensuring access to this information is protected against network attacks by hackers and neglectful actions by employees. Protection of the vital information entrusted to the company by its employees and clientele will prevent the eventuality of negative actions being rendered against the company due to damages suffered by individuals whose information was made vulnerable as a result of this breach of security. Affecting routines that protect customers from having their private information made public exemplifies good corporate governance, which is an integral aspect of maintaining a successful company. This is a vital aspect of good risk management because it protects the company’s assets, which is the ultimate purpose of risk management procedures. Risk management procedures, adeptly implemented, would incorporate procedures that would avoid negligent actions like the lack of thought that allowed Google to publish the private details of customer invoices by encrypting the data in an inaccessible database. Taking steps to protect the resources of the company, which is the customers and their information, will also protect the reputation and integrity of the company and prevent the advent of undue risks such as the one currently facing the company. Risk management procedures seek to avoid the occurrence of negligent actions by anticipating them and taking whatever measures necessary to avoid them altogether. These preventative measures protect ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“STRATEGIC LEGAL AND SOCIAL ISSUES Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/business/1429846-strategic-legal-and-social-issues
(STRATEGIC LEGAL AND SOCIAL ISSUES Assignment Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/business/1429846-strategic-legal-and-social-issues.
“STRATEGIC LEGAL AND SOCIAL ISSUES Assignment Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/business/1429846-strategic-legal-and-social-issues.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF STRATEGIC LEGAL AND SOCIAL ISSUES

The Real Face of Corporate Social Responsibility

Effective communication is an important tool that has wide-ranging influence in the smooth functioning of corporate bodies. The role of corporate communicators is significant in the administration of the organization and projection of the organization’s aims and objectives in the eyes of the public and stakeholders.

Corporate communicators normally use a variety of techniques to communicate with different people. The administrators and managerial staff use effective communication to disseminate information about the changes that need to be made and make special efforts to create a barrier-free work environment. The barrier-free atmosphere and friendliness testify mutual respect and easy accessibility of management...
9 Pages(2250 words)Assignment

Contemporary Managerial Issues in Accounts and Finance

Political theorists like Veblen argued that the separation of corporate ownership from control generates a transfer of power from a minority of stockholders to a group of decisive owners who have the control over the way of access to credit and finance (Roe, 1994, p. 5).
However, contemporary analysts of corporate power contested that dominance and ownership in modern corporations have shifted to a property-less group of managers. Consequently, this current shift of power and control in large modern corporations could usher in ultimate preoccupation over profit rather than non-financial motives. Furthermore, the separation of power and ownership will lead to the destruction of the traditional legal theory of property which en...
23 Pages(5750 words)Literature review

Physiological Factors While Dealing With Health Issues

The body’s metabolism includes all the physiological processes in the body. Enzymes serve as catalysts to biochemical reactions that form a part of metabolism. The two distinct chemical phases of metabolism are anabolism and catabolism. Anabolism consists of building up carbohydrates, proteins, fats and nucleic acids from simple molecules, through the use of energy. Anabolism is responsible for processes such as growth, repair, and reproduction. On the other hand, catabolism is the process by which large complex molecules are broken down into smaller, simple molecules, with the release of energy. Metabolic processes are carried out by the cell organelles, each organelle has a distinct and crucial function. Every animal cell...
12 Pages(3000 words)Report

School Social Worker in Special Education

Social workers are required to understand the diversity of families and help individuals and families cope with the implications and impacts of learning disabilities, physical or cognitive problems. Individual treatment may be required in a safe environment and relationship in which to deal with issues. The work of the school social worker in special education is related to a diverse number of areas, in which he/ she is required to fulfill various roles and responsibilities (Turner, 2005).

Approximately one-half of school social workers are found to be practicing with elementary school children. School social workers support and help to prevent future problems by intervening with at-risk children during elementary schoo...
11 Pages(2750 words)Case Study

Company Law Issues

Various sections of the CA are coming into force over a staged process and the relevant provision relating to authority is sections 39 and 40, which came into force on 1 October 2007.

Section 39(1) of the CA provides that “the validity of any act done by a company shall not be called into question on the ground of lack of capacity by reason of anything in the company’s constitution”

Additionally, section 40(1) provides that: “In favor of a person dealing with a company in good faith, the power of the board of directors to bind the company, or authorize others to do so, shall be deemed to be free of any limitation under the company’s constitution”.

Section 40 (2)...
9 Pages(2250 words)Case Study

Decision Making in Health and Social Care

...DECISION-MAKING IN HEALTH AND SOCIAL CARE: ECONOMICS a) Why are market forces unsuitable for health service resource allocation? Refer in your answer to the problems of consumer sovereignty, agency, and health outcome measurement. Market forces, demand and supply, move in opposite directions with respect to price changes. When the price of a good is high the demand for it is less while the supply of it is greater. This is economic sense but nevertheless this positive economic statement about the predictable behavior of the consumer does not hold true when the demand patterns for Giffen and inferior goods are factored in. For instance when income, of the individual consumer, rises his demand for inferior goods such as potatoes...
8 Pages(2000 words)Case Study

Management: Social Responsibility and Ethics

When we speak about business management, most people talk about the core business functions like strategies, products, training & development, management of various departments of the business like marketing, production, planning, etc. Social responsibilities and business ethics are the least communicated topics in the business community because of the least preference given to the non-productive sectors by organizations. Most of the greedy organizations spent millions on the research and development for improving their competitive power in the business world, but they often keep a blind eye towards their responsibility towards ensuring proper ethical standards in their business activities. Organizations that underestimate the...
6 Pages(1500 words)Coursework

Strategic Pay and Organizational Behavior

Both, Performance-related pay (PRP), as well as  Payment by Results (PBR), are based on the notion that if a worker can vary output by increasing his efforts, the hope of increased pay will lead him to perform his best. Both methods can be applied to an individual as well as a group level. Below is a critical comparison of the two:
Defined in simplest of terms, payment by results can be defined as the scheme of paying incentives in which, the bonus or the variable portion of the payment will be dependent on measurable values of outputs, within studied time limits.

Advantages: The primary advantage of this scheme is the inducement and motivation of workers for higher efficiency and great output. It is better th...
6 Pages(1500 words)Assignment

John Rawls vs Robert Nozick: Social Justice

It is logical to look at political philosophy within the framework of history and ethics emerging from it. As could be observed, the question of justice, and how we perceive its nature has remained the prime concern throughout history. This will include, among other things, the existence of specific obligations towards each other and towards the state, the existence of natural rights, claims of property/liberty and equality.

In face of this, the Anglo-American political philosophy has seen famous philosophers like John Rowels, Robert Nozick and recently Amritya Sen to focus on issues and arguments concerning the above...(political Philosophy, 2005 pp1)

As political philosophy is about politics mainly, it s...

6 Pages(1500 words)Coursework

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic STRATEGIC LEGAL AND SOCIAL ISSUES for FREE!

Contact Us