Any proposed area of commercial law Coursework Example | Topics and Well Written Essays - 2000 words - 1

Any proposed area of commercial law - Coursework Example A perspective shared among the technology providers and the companies collecting and mining data is that ethical, privacy-respecting practices simply make good business sense. Are there guidelines in developing privacy policies to help organizations in establishing ethical responsibilities of the organization and the data professionals? How does an organization develop a data privacy policy that provides the environment for trust on the part of the consumers? A major focus needs to be the incorporation of fair information practice principles of notice, choice, access, and security. Management and information technology professionals need to develop an understanding of how to manage data ethically and communicate the policy effectively to the consumers (Samuelson, 1999). More information and experience is needed by students and professionals in management and information technology in the development of a data privacy policy. This research project serves to provide the needed informat ion and experience for both students and professionals. Current technology makes the threats to privacy less tangible and less visible. It is difficult to know when and for what purposes individuals are being watched or information is being gathered and used for purposes that are not endorsed by the individuals. While many organizations have the capacity to collect data from consumers, businesses have a profit motive that adds a greater threat to the privacy dilemma. It is not only the continual compilation of data about individuals that poses privacy trepidation, but the ways in which data can be transformed and sold to other organizations. This consumer profiling can be misleading and damaging. If e-commerce is to succeed, businesses must work to develop a trustworthy, secure online environment. Developing a privacy policy is the first step in creating that trust. Incorporating a privacy