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Business Information Review In Governance

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Business Information Review In Governance

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Promotion of products and services on one hand  hugely depends upon social media because they play an integral role in increasing the growth of the organization. Performance of any organization on the other hand is strongly associated with marketing skill and marketing skill in turn depends upon social media on a large scale. While including social media into marketing skill, organizations should take into account the risks associated with it. Risks mainly arise when usage of social media is free of regulations. Set of regulations thus required for monitoring the usage. Web based applications such as Facebook, Twitter and Instagram which are nowadays very popular amongst users are mainly used by organizations for the promotion purpose. These applications involve risks in terms of their usage and the reason is, these applications are semi-public forum where control over audience is infinity. Here comes the field where the risks management fits well (Picazo et al. 2012).
Risks raised as a result of usage of social media are mainly-data breach, damage of reputation of organization, threats for individual employee of organization, loss of opportunity and fraud. These risks are minimized by information governance if implemented in a proper way. This paper mainly explores the question how risks management paves path for information governance.
The article reviewed literatures on the concerned topic and then applied explored the significant factors. Finally it provides insights of the study.
This study explored the importance of information governance over social media. Study identified the factors associated with the usage of social media and the effect of these factors can be addressed by risks management. Paper finds that organizations should prohibit the use of social media by workers at work and if this prevention is not followed by workers necessary actions taken by concerned authority (Boudreaux, 2015).The role of information governance here is to monitor the usages by employees. Information governance here acts by implementing policies that are adopted. The study also focuses on the issue of safety, legality and compliance.
This study on social media examined the policies and observed that social media mainly used for publicity of organization, private use of social media should be prohibited, and organizations should reach consumers in a positive manner, intellectual property rights should be taken care of and finally social media should not be used as medium of criticism.
Demand of active management shown in this study to address risks associated with social media properly and thus IG policies needed to fight against these problems. Study also shows general data protection regulation (GDPR) will focus on IG policies and but policies alone cannot address the risks some other measures should also be adopted by the organizations.
Social media usage increasing following a continuous pattern and this trend is followed because the usage proved to be a noteworthy one. Social media have provided a medium for organizations where they can reach consumers directly and using social media consumers can segregate their choice before purchasing a product or using a service. However, risks linked with social media should be handled properly and this paper observed these risks and provided ways to deal with these risks. Paper have also shown how important is information governance (IG) in the domain of social media.
Information governance on technology emerged to produce well-organized and valuable use of IT. Importance of this governance is felt by both the sectors of the economy-public and private. Mainly ITG implemented in private sector to reduce risks associated with IT. This paper mainly aims to explore the relation between the effective implementation of ITG and mechanisms of ITG.
Numerous organizations are adopting ITG mechanisms to achieve desired goals. Thus organizations included IT governance in its purview for better results. It is also expected that ITG practices will improve the performance of organization. Thus existing framework of ITG should be revamped. The initiation of ITG was 1990 and it was outcome of government regulations concerning information policy issues. Effective IT governance will help to  mitigate problems within firm which proved to be reason behind collapse of firms (Dechow et al.,2011). This paper thus defines ITG as a framework of relationships and processes to control the organization in order to achieve the desired goals. Paper also used the concepts of provision of guidelines and recognized the practices in improving ITG.
ITG has proved to be a significant factor behind growth of organization and thus the issues encompassing ITG should be given more attention. This particle study has tried to address this issue.
This paper has surveyed several literatures on the same domain and then applied research method to find the factors affecting ITG. Finally the paper suggested solutions to issues arised.
For understanding the function of ITG, a quantitative approach is used. This approach involves collection and analysis of data. This particular study have differentiated ITG into five hypothesis for identifying determinants of effective ITG-IT steering committee, centralization of IT decision making control, involvement of senior management in IT, position of IT function and finally corporate performance measurement system. This identification of hypothesis is consistent with other previous studies on the same issue. The hypothesis identified, tested by using multiple regression analysis. The findings shows that none of the factors considered were significant while conducting study and reason behind this finding may be sample collected lacks power.
Study provides empirical result that shows corporate performance measurement system should be implemented and basic IT G mechanisms should be included for effective ITG.
Thus study using quantitative approach has shown empirical results that contribute to better performance of ITG. The findings of the study are consistent with other studies on the same topic.
The purpose of this paper to identify effective determinants of ITG was solved to some extent. Study using regression analysis failed to identify significant result but the empirical study by this paper have offered ground that organizations must follow to obtain benefits by implementing ITG. It is expected that proposed suggestion by the study if followed then ITG will perform effectively.
Comparison of two articles
The two journal articles reviewed shows that Information Governance is very important for the growth of any organization. Articles showed that gap exist during the implementation of proper IG. For the development of any organization IG should be given more importance because proper IG would lower the risks associated with security issues. Both the studies provided path for effective IG implementation.
The first article on social media usage which has shown the risks linked with social media lacks to give proper explanation how to deal with risks by implementing IG. This paper used generalized way to deal with the problem. Thus research gap existed in the first article.
Now coming to the second article which concentrated on identifying effective determinants have failed to identify factors and this is due to wrong choice of sample selection. Thus before conducting this study, sample selection was a matter of review by this paper. This paper used a small sample for which desired results was not achieved. Instead of using a quantitative approach the study could have used qualitative approach. Another limitation of this study is survey method is perceptual.
The overall observation of two articles shows that IG is very important and should be implemented for achieving goals that are set by the organizations.
Boudreaux, C., 2015. Policy Database, Social Media Governance, 2009-2013.
Dechow, P. M., Ge, W., Larson, C. R. & Sloan, R. G. (2011), ‘Predicting material accounting
misstatements’, Contemporary Accounting Research,Vol. 28, No. 1, pp. 17–82.
Ferguson, C., Green, P., Vaswani, R. and Wu, G.H., 2013. Determinants of effective information technology governance. International Journal of Auditing, 17(1), pp.75-99.
Haynes, D., 2016. Social media, risk and information governance. Business Information Review, 33(2), pp.90-93.
Picazo-Vela, S., Gutiérrez-Martínez, I. and Luna-Reyes, L.F., 2012. Understanding risks, benefits, and strategic alternatives of social media applications in the public sector. Government information quarterly, 29(4), pp.504-511.

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