The academic extended text will be based on below mentioned points-
What are the advantages of technology in leadership and management?
Does advantages of technology are outweighing the disadvantages of technology?
Inclusion of technology in business lead to increase the rate of Cybercrime?
Draft
Technology has become one of the vital components in businesses; operational activities of organisations have been empowered due to inclusion of technology. In current era, companies who are not using digital tools prove to be less efficient in comparison of the ventures that have adopted digitalization. There are different functions within the business that got varied benefits due to involvement of technology, for instance- leadership and management functions. Leadership is explicated as the act of assisting team or individuals in terms of achieving a specific goal in the organisation (Mathivathanan et al, 2021). Management is delineated as controlling the ways in which employees performs their task. Leadership and management both are comprised with common goal and that is to enhance the productivity of the business and technology is the centre point that stabilise leadership and management functions.
Emphasising on the advantages of technology; the evolvement of technology is creating a long lasting impression in business while surpassing the different elements interlinked with the business. With the help of remote working, leaders and managers have become able to assist employees from distance (Ferreira et al, 2021). Also, it led to assure greater flexibility that helps in enhancing the productivity of employees. The presence on the social media is enabling leaders and managers to adopt varied ways through which the efficacy of the functions can be enhanced and effectual outcomes could be gained.
The pros of technology are wider but within this the cons are also of numerous types. Findings have shown that, to some extent advantages of technology are overshadowing its disadvantages; regardless of this it is important for companies to manage the negative influence of technology. It has been found from the secondary sources that; in UK, 39% of the businesses have suffered from the challenges of cybercrimes while using technology and this costs average of £4200 to the organisations. (The National Cyber Security Centre, 2023). There are different kinds of cybercrimes such as- Phishing, ransomware and so on. In year 2022, Phishing was the most common cybercrime that have been experienced by the companies. Financial loss is the ultimate disadvantage that is being experienced by the business due to cyber-attacks and this lead to impact the profitability of the business in negative note.
On the basis of above aforementioned description, this could be depicted that technology lead to assure varied benefit to leadership and management functions. However, increasing activities of hackers made it difficult for the leaders and managers to perform their practices and this led to increase in the threat related to the loss of confidentiality (Onyibe et al, 2023). Therefore, it is important to create significant focus on this area so, appropriate steps can be taken that supports in reducing the negative influence of technology.
Reflection
I have got an opportunity in relation to undertaking research on the topic of technology and leadership. A plan and draft related to topic has been prepared where I have used my strengths and witnessed some of the weaknesses. Shedding light on those areas that comprised with the strengths are- critical analysis, researching and following academic principles I have undertook in-depth analysis of the topic and this enabled me to collect accurate information related to research area. Realistic and accurate sources are being approached by me and relevant information has been taken that lead to enhance the quality of the information. I have maintained academic principles such as- no plagiarism and referencing. No copy paste has been done and citation of the sources is being done for giving credit to the author. In this manner I have become able to perform academic integrity. Moving towards my weaknesses that associated with the lack of time management I am not able to complete my task in set time frame. Therefore, I need to focus on this area so; I can enhance time management abilities. I will focus on this area and task will be completed in set time frame which helps in developing professional insights.
TASK 2
Introduction
Technology advancement results in improving the efficacy of the businesses in multiple ways. It leads to drive the operational forces in the organisations through which higher productivity can be attained. Digitalisation is assuring numerous benefits to leadership and management function through which productivity of the company can be enhanced (Laudon and Traver, 2020). However, at a certain point technology develops negative influence as well that need to be focused out in a significant manner. The present task will present in-depth written plan related to evolvement of technology and the ways in which it is contributing in cybercrimes. The analysis will be supported with the numerical and authentic facts.
Taher (2021) elucidated that technology has changed the business pattern and it is empowering the practices within the organisations that is prior requirement in terms of enhancing the productivity. Leadership and management functions are important in companies as it sets standard on-to which the tasks are being done and employee engagement rate is being enhanced. Leaders and mangers depend upon technology, direct interaction with the customers has been implemented with the help of technology. Afterwards, leaders and manager’s guide employees to perform their task so, needs of the consumers can be fulfilled. The employees and managers can interact while working from distance and this supports in creating effectual support for subordinates so, they can perform their role in significant manner.
Kemp et al, (2023) contradicted and stated, technology is comprised with high extent of risk, the information of customers have been sustained on digital platform, hackers have complete accesses towards this information and they can often misuse this. The rate of cybercrimes is increasing to greater extent due to the shift made towards online platform. Huge loss has been experienced by numerous businesses and this result into impacting the future practices of the company. Furthermore, trust development with customers is reducing due to cybercrimes. Leaders and mangers are trying their best but they are not able to vanish the rate of cyber-attacks however, this can be reduce to some extent and for this expert guidance is needed. Thus, it could be said that, expertise is needed in order to reduce the negative impacts of technology on leadership and management practices.
Two source of numerical data and other credible data
The risk aligned with cybercrime and data breaches in the United Kingdom organisations are increasing to higher rate which shows that, companies in UK are at the high risk of cyber-attacks. Shedding light on the statistical information; 84% of the Chief information security officer has received the cases related to cyber-attack (Influence of cybercrime on organisations in UK, 2023). In the year 2020, there were total 8106 cases related to cyber-crimes in the companies. In the 1st quarter of 2023 the cases were 6656 while in 2nd quarter it was 8106 (Influence of cybercrime on organisations in UK, 2023).
In terms of data breaches it has been found out that, in the 2nd quarter of 2023, the figures of breach data in UK was nearly 420 thousand and it was 370 thousand in the 1st quarter of 2023. There were 50 thousand cases has been increased in single year (The Latest Cyber Crime Statistics UK, 2023). This clearly shows that, hackers have made access towards the confidential information of the business.
The technology is driving the operations of the business but within this, major negative influence has been developed and the rate of Cyber-attacks is increasing due to which companies are losing their reputation in the market (Sikra, Renaud and Thomas, 2023). The confidential information is prior for the business as it contains the necessary facts & figures and therefore, it is essential to maintain the same. Phishing is the most common attack which is impacting the leadership and management practices in the business (Alahmari and Duncan, 2020). The real time information has been accessed by hackers and they misuse it also, they manipulate with financial figures of the organisation that lead to develop loss for the business.
Two sources from the mandatory list
From the cyber security breach survey in UK it has been revealed that, in last 12 months 39% of the business has experienced cyber-attacks. However, within this, organisations have implemented focus on carrying out the steps related to cyber securities and this lead to create effectual support for the companies in terms of reducing the cyber-attack cases (Cyber Security Breaches Survey, 2022). Hence, this could be said that, it is important to create significant focus on undertaking the steps which helps in reducing security breach. The impact of this attacks proves to be drastic for the leaders and managers as their working pattern gets disturb and they cannot share confidential information with employees on online platform.
The cyber-crimes are being increasing due to lack of security and inefficient knowledge and therefore, it is important for the companies to organise training where experts can guide the employees and they can become able to learn about the tactics through which operations can be performed at online platform (Ghelani, 2022). Large scale organisation has better security in comparison of small and medium sized business and therefore SMEs are not able to implement risk management plan as they have low budget (The National Cyber Security Centre 2023).
From the analysis it has been witnessed that, inclusion of technology in business is concerned with advantages and disadvantages however, the major demerit aligns with cyber-crimes. Therefore, significant focus is needed to be implemented on undertaking cybersecurity practices.
Conclusion
Conclusively; this could be said that, technology has been proven highly effective for leadership and management functions as it allows leaders and managers to perform their task in significant manner. Despite of advantages, there are certain disadvantages of technology that impacts the productivity of organisation by impacting leadership and management practices. Cybercrime is the topmost negative influence of technology that creates drastic impacts on the business and therefore, organisation needs to use expert guidance so, they can overcome the challenges.
TASK-3
Reflection
This project has provided me opportunities in terms of enhancing my academic skills and further supported me in identifying the areas which are needed to be developed. Academic skills plays most important role in enhancing the personal and professional development and therefore student needs to assure focus on this area. The skills which have been developed in me during this project entails with- time management, critical analysis, decision making, researching, paraphrasing and referencing. While writing draft I was not able to manage the time and thereupon, I made specific strategy. I have divided my whole task into different parts and time has been allocated to each task and on the basis of this my project is being completed within following the series of steps. The advantages and disadvantages of technology has been analysed while using critical analysis skill and effectual research is being done and accurate information have been collected.
The collective information is being organised in paragraphs and paraphrasing has done, citation have been provided and referencing is being mentioned. This is the most important part of academic skills and I have learned this during this project and I will use this learning in future for Block 3 Foundation Year. I need to improve certain areas where I am lacking and those are- digital and leadership skill. I am not efficient enough in using digital tools and I am not able to lead team members that acts as a barrier in the completion of project. I will take training in relation of using tools and learn about making coordination so I can practically imply this and effective leadership skill can be developed in me. This enable me in completing my future assignment and also supports in leading the team so, effective outcome could be developed and personal development can be enhanced.
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References
Books and Journals
Alahmari, A. and Duncan, B., 2020, June. Cybersecurity risk management in small and medium-sized enterprises: A systematic review of recent evidence. In 2020 international conference on cyber situational awareness, data analytics and assessment (CyberSA) (pp. 1-5). IEEE.
Ferreira, R., Pereira, R., Bianchi, I.S. and da Silva, M.M., 2021. Decision factors for remote work adoption: advantages, disadvantages, driving forces and challenges. Journal of Open Innovation: Technology, Market, and Complexity. 7(1). p.70.
Ghelani, D., 2022. Cyber security, cyber threats, implications and future perspectives: A Review. Authorea Preprints.
Kemp, S., Buil-Gil, D., Miró-Llinares, F. and Lord, N., 2023. When do businesses report cybercrime? Findings from a UK study. Criminology & Criminal Justice. 23(3). Pp.468-489.
Mathivathanan, D., Mathiyazhagan, K., Rana, N.P., Khorana, S. and Dwivedi, Y.K., 2021. Barriers to the adoption of blockchain technology in business: a total interpretive structural modelling (TISM) approach. International Journal of Production Research.59 (11). Pp.3338-3359.
Onyibe, F.A.A., Edegbe, G.N., Omaji, S. and Olayinka, A.S., 2023. Combating Cybercrime Perpetrated Via Social Media Channels Using Individual Resilience Techniques. Covenant Journal of Informatics and Communication Technology, pp.15-15.
Sikra, J., Renaud, K.V. and Thomas, D.R., 2023. UK cybercrime, victims and reporting: a systematic review. Commonwealth Cybercrime Journal. 1(1). Pp.28-59.
Taher, G., 2021. E-commerce: advantages and limitations. International Journal of Academic Research in Accounting Finance and Management Sciences. 11(1). Pp.153-165.
Online
Cyber Security Breaches Survey, 2022. Online. Available through <https://www.gov.uk/government/statistics/cyber-security-breaches-survey-2022/cyber-security-breaches-survey-2022>
Influence of cybercrime on organisations in UK, 2023. Online. Available through: < https://www.statista.com/topics/8131/cyber-crime-and-companies-in-the-uk/#topicOverview >
The Latest Cyber Crime Statistics UK, 2023. Online. Available through: < https://aag-it.com/the-latest-cyber-crime-statistics/#:~:text=31%25%20of%20businesses%20that%20suffer, 83%25%20of%20identified%20attacks). >
The National Cyber Security Centre 2023. Online. Available through<https://www.ncsc.gov.uk/>
