As known., we cannot make ALL customers satisfied with our products, services, and marketing activities due...

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General Management

As known., we cannot make ALL customers satisfied with ourproducts, services, and marketing activities due to a wide range ofconsumers’ needs and wants. Based on their information and data, wecan segment the market and decide our target market in an effectiveand efficient way. Therefore, we need to find the ways to reducethe negative impacts of collecting and using consumer informationon business performance from consumers’ perspective.Most marketerswill argue about the negative consequences of consumers’perceptions of data vulnerability and provide empirical findingsthat the negative influence may be reduced by companies’ datatransparency and customer control practices. In other words, we maybe able to reduce the negative impact by clearly showing customershow data has been stored, used, and protected. Do you believe thatthis managerial implication is going to be a solution to reduce thenegative impact on a company’ business performance in 10 years? Doyou believe it works for your company or market? What are theymissing? Support your opinion with evidence one page

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Answer 1 Well yes I am with this topic as in todays era the biggest asset of the company is data data in nowadays are used as an asset which can bring lots of illegal revenue if any company wants to sell data or can also lead a company to be banned from any state or company if data privacy issues are found Quoting example of 59 Chinese applications See Answer

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