Role Of The Top Leadership In IT Industry †MyAssignmenthelp.com

Question: Discuss about the Role Of The Top Leadership In IT Industry. Answer: Introduction Businesses have changed irrespective of the industry which has led to lot of ethical issues in the industry (Carroll and Buchholtz, 2014). It has become highly crucial for the managers and leaders of the organisation to take care of the ethical concerns that are originating in the industry. World has become more digital and hence the ethical concerns related to the IT industries have also increased in the past few decades. Since IT industry has penetrated into the lives of the people and become a part and parcel of their living hence it is necessary for the companies to take care of these ethical issues and find alternatives for facing them. These ethical issues have greater impact on the stakeholders associated with the business. This report highlights the ethical issue that is present within the IT industry as well as its impact on the stakeholders associated with it. It also describes about the alternatives that are present for addressing the ethical concerns. Ethical issue to be addressed and its impact on the stakeholders There are many ethical issues that are raised in front of the IT companies (Reynolds, 2011). This is due to the fact that IT industry has entered into almost every kind of operations that is related with the human life. From business to personal life IT industry has made a grater reach and hence affecting the lives of the people. It is necessary for the industry to think about these ethical issues in a more responsive way so as to eliminate it from the root levels. Among these bigger the most important ethical issue that this industry is facing is related to privacy and security. There are larger amount of data that is stored on the IT mediums. Every day the chunk of this data is expanding exponentially. It has become more critical for the industry to find ways for ensuring that data breach cannot happen (Dao, Langella and Carbo, 2011). Privacy of the people is their right and nobody can utilise the data without the permission of the person himself. There are many hackers that are in search of making a breach and steal some of the most important information. It is crucial for the company to make sure that they have a policy for avoiding such kind of problems. Many of the private or personal data is stored on such mediums. All these data are at the risk of getting stolen by some hackers that may result in long term loses for the individuals or the organisation. If the data is related to the organisation then it may give edge to the other organisation. Apart from this the individual perspective about privacy suggests that there is very much private data stored on the digital forums and if gets lost then it could create financial implication for the company. It may also dismal the image of the person (Biedenweg, Monroe and Oxarart, 2013). It is also giving rise to the situation where the privacy rights of the people are stake which is a crime in many of the countries. Such type of practices results in huge loses to the company. Many a times due to data breach there is loss of property rights which can result in heavy loses to the beneficiaries. Data infringements are done by hackers as well as many times their intention is just to corrupt the information. In the age were data is everything this can be a greater threat for the company. Due to all these there is increased pressure on the IT personals which is another ethical issue for the company. All these security and privacy concern has a very deeper impact on the stakeholders that are associated with the companies in the Industry (Lim, Stratopoulos and Wirjanto, 2013). The stakeholders either consumers or employees of the company are at greater risk of getting their data stolen. Since the competition in the market is increasing at faster rate and hence if the data related to the company gets leaked to the competitors then it can be loss to investors. It may also lead to business failures. It is also the loss to the stakeholders like Government who will have to pay for the persons who have losses in financial terms. On the larger scale it does loss to the overall society. Alternatives for addressing these issues Companies in these industries have to think about the ways in which the issue of security and privacy can be addressed (Gill, 2012). There are various alternatives present with the companies that can help them in addressing these issues. Some of these alternatives are as follows: Making policies: This can be one of the best methods to reduce the cases of security breach. Industry needs to make a common policy that every stakeholder must follow. It is also essential that firm revise these policies from time to time. There must be strong laws made for the piracy and data theft. Malwares: In the case when hackers intention is just too corrupt the data by putting any kind of bug, the use of malwares can be helpful in this regards (Hilty and Aebischer, 2015). Use of such software can be beneficial for the stakeholders. Authentication: There are certain tools that help in safeguarding the data (Van de Poel and Royakkers, 2011). They do it by giving access of the data to only authorised personnels. These types of authentication tools are highly in use these days. Companies also need to upgrade the authentication tools on regular basis. Collaborative approach: All the companies in the industry should support banning of such practices in the industry (Kibert, et al., 2011). This can only be done by making a forum where the latest technology for addressing such data can be shared with each other. Preferred alternative In the list of alternatives that are present with the companies for addressing the issue of security and privacy, use of authentication tools for providing the access is the best. This ensures that users are informed whenever their data is being used by others. Tools like password and one time passwords are highly efficient (Ramey, 2012).These technologies must be regularly upgraded so as to tackle the issues related to security concerns. Conclusion From the above report it can be concluded that IT industry is expanding at very high speed and the reach of technologies in the lives of the people have become very deep. It has created a situation for the industry where they have to think about using alternatives for addressing these. There is some long terms harm to the company and the stakeholders associated with them if the data is not secured properly. Use of the tools like authentication pages and one time passwords can be beneficial for the company in the longer run. Fighting against the ethical issues must be a collaborative approach where every firm shares the new innovations for fighting these ethical issues. References Biedenweg, K., Monroe, M. C., and Oxarart, A. (2013). The importance of teaching ethics of sustainability.International Journal of Sustainability in Higher Education,14(1), 6-14. Carroll, A., and Buchholtz, A. (2014).Business and society: Ethics, sustainability, and stakeholder management. Nelson Education. Dao, V., Langella, I., and Carbo, J. (2011). From green to sustainability: Information Technology and an integrated sustainability framework.The Journal of Strategic Information Systems,20(1), 63-79. Gill, K. S. (Ed.). (2012).Information society: new media, ethics and postmodernism. Springer Science Business Media. Hilty, L. M., and Aebischer, B. (Eds.). (2015).ICT innovations for sustainability(Vol. 310). Springer. Kibert, C. J., Thiele, L., Peterson, A., and Monroe, M. (2011). The ethics of sustainability.UK: John Wiley and Sons Ltd. Lim, J. H., Stratopoulos, T. C., and Wirjanto, T. S. (2013). Sustainability of a firm's reputation for information technology capability: The role of senior IT executives.Journal of Management Information Systems,30(1), 57-96. Ramey, K. (2012) 5 Ethical challenges of Information Technology. [Online]. Available at: https://www.useoftechnology.com/5-ethical-challenges-information-technology/. [Accessed on: 24th March 2018]. Reynolds, G. (2011).Ethics in information technology. Cengage learning. Van de Poel, I., and Royakkers, L. (2011).Ethics, technology, and engineering: An introduction. John Wiley Sons.