A code of ethics can take various forms. Still, its general goal is to ensure that a business and its employees follow state and federal laws, conduct themselves according to exemplary standards, and benefit all stakeholders. Here are two types of codes of ethics commonly found in business. C...
Due to a loss of reputation and damaged brand identity after a cyberattack, customers’ trust in a business will decline. Businesses not only end up losing current customers but also find it difficult to gain new customers. Direct costs may also be incurred such as the cost of hiring cyber...
monthly or yearly fee to join and gain access to additional benefits. Subscriptions can benefit organizations that want to retain customers for specified amounts of time, and theyincrease the likelihood of those customers' loyaltyto the brand, as they choose to invest in the subscription. ...
Insiders may be employees, contractors, other business associates, or third-party vendors who have legitimate access to the assets of an organization but misuse them for financial or personal gain. In some nations, the boundary between national intelligence and criminal organizations is blurred. Oftent...
Procurement has been a vital, transactional part of conducting business for almost as long as commerce has existed. Although the days of scribes tracking purchases on papyrus scrolls are long past, the process of carefully selecting and purchasing the goods and services needed for day-to-day ...
You might have noticed that many people are hesitant about AI because of concerns like privacy, job loss, and ethics. These worries can slow down how quickly AI gets used, even in areas where it could make a big difference. The issue is that this fear can hold AI back, make people dis...
Using a nationwide survey of provincial institutional quality and a sample of private manufacturing small and medium scale enterprises (the SMEs), this pap
Unnatural love of money (chrēmatistikē): Here, wealth acquisition becomes its own end through trade and using money to make more money. Aristotle viewed this form of moneymaking as unnatural and harmful to those who practiced it. In hisNicomachean Ethics, he suggested it was a life so foo...
Types of Marketing That Will Help Your Business Grow 1. Transactional Marketing Transactional marketing targets the point of sale to maximize efficiency and increase the number of sales other than building a relationship with the buyer of your product. This type of marketing encourages customers to ...
The first two types belong to a category known as narrow AI, orAI that's trained to performa specific or limited range of tasks. The second two types have yet to be achieved and belong to a category sometimes called strong AI. 1. Reactive AI ...