Using internet newsgroups for online market research Paper

Using internet newsgroups for online market - Research Paper Example It is also through these groups that I will be able to relay information about how easy and convenient it is to access my boots. Being an active member in forums and contributing to important topics will play a major role in establishing links and good relationships. Through discussions and frequently asked questions, I will be able to know people’s likes and preferences as well as the challenges they encounter trying to access business services. This way, I will have the ability to adopt the best marketing strategies that are more appealing to the people and that are likely to increase sales. There are discussion groups that will allow me to advertise my products. This will give me an opportunity to attract potential buyers specifically by insisting on affordability and comfort of my boots. There are various ethical principles that I might violate if I use messages from newsgroups however much it may be difficult to distinguish private space from public space on the internet. For instance, I might violate the principle of ownership. Collecting information and claiming false ownership is unethical. The principle of acquisition might also be violated. Acquiring and using information without the owner’s consent is unethical. Another principle is the principle of identity. Providing false identity so as to acquire permission to use information is ethically inappropriate. The principle of accountability might also be at stake. A person is expected to be accountable for any situation that may arise as a result of using message that he/she did not publish (Josephson, 2010). In my view, there is no ethical problem in using newsgroups for marketing purposes or using messages from discussion forums. According to me, ethical problems are only applicable in most internet related activities if content is used for the wrong reasons such as

CURRENT FINANCIAL CONDITIONS & THE INDUSTRIES Essay

CURRENT FINANCIAL CONDITIONS & THE INDUSTRIES - Essay Example The world leader, who dominated the world at that time, was USA (Still Dominating) had a very strong economy and currency. The global financial crisis crunch came on screen in September 2008, when a number of American giant financial institutions failed to sustain or merge with some other institutions mainly due to not meeting the regulatory requirements or inability to comply with them pertinently. Due to the dominating power and instinct of USA, the country must leave a positive or negative impact on the world economy whenever the country's economy plunges or hike, because the country provides a platform to most of the countries to indulge in exports and imports with each other. American economy mainly emphasizes on credit as even, about every household borrow money for homes and loans frequently. Government of USA didn't apply any limit on the credit cards of the banks which is the main reason the current credit crunch hit them badly. The failure of the major financial institutions like Lehman Brothers and Morgan Stanley and the mortgaging companies like Fannie Mae and Fredric Mac played a vital role to push the United States of America towards the brink of default. The severe crisis in USA left a very bad impact on the economy of the world as a whole and after the plunging of the USA's economy, the economy of every country envisaged a deeper recession. Impact of Financial Crisis on United Kingdom and Current Financial Health: United Kingdom (U.K) is one of the countries which are badly hurt by the current financial turmoil which is the 2nd worst after the 1930's great depression. The estimated gross domestic product of Britain is 1.275 trillion which is 0.63% higher as compared to the last year but the main concern for the country is its deteriorating currency value because the sterling has collapsed against major global currencies by 30%. The economy of UK is in great recession, the said argument can be observed from the current forecast by International Monetary Fund (IMF) for the economy of United Kingdom. The IMF has revised its GDP growth for UK FY 2009 -1.5% to -2.8%. The largest industry in Britain is the financial industries which are the main victims of the financial crisis. The financial sector of the United Kingdom slashed hundreds of thousands of jobs across the country which crosses the amount of 6 million people. A year ago finance officials thought that the British economy had become particularly resilient to shocks, but after the shrinking currency value and persistently condensing deposits in the banks, the perceptions seem to be not working for the Britain. The financial constraints mounting pressure and fear of bankruptcy still intervenes between the banks and borrowers, as the banks of UK are still reluctant to lend the money to the borrowers. The current interest rates of UK's banks are 1% but it is unable to attract the foreign investors as well as the domestic investment influences them to cut down the interest rates further to stress the investors to put their money in the banks. Recently the US did the same and cut the interest rates to 0.25% merely to attract investments. United Kingdom is one of those countries who are heavily relying