All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Commerce Exam  >  Commerce Questions  >  (a) Mr. Manish, a senior manager in a telecom... Start Learning for Free
SaveJoin the Discussion on the App
(a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.?
Clear all your Commerce doubts with EduRev
Most Upvoted Answer
(a) Mr. Manish, a senior manager in a telecom company shared confident...
Violation of Confidentiality by Mr. Manish

Mr. Manish, a senior manager in a telecom company, breached the company's confidentiality by sharing confidential information with a competitor. This unethical act led to huge losses for the company. Let's understand the implications of this act in detail.

The Impact of Confidential Information Breach

The breach of confidentiality by Mr. Manish can have several implications for the telecom company, such as:

• Loss of Competitive Advantage: The competitor can use the information shared by Mr. Manish to gain a competitive advantage over the telecom company. The confidential data could include information about the company's future plans, strategies, and financial information that could be used against the company.

• Loss of Trust: The breach of confidentiality can lead to a loss of trust between the company and its stakeholders, including customers, employees, and investors. The stakeholders may feel that the company cannot be trusted with their confidential information, which can lead to a loss of business.

• Legal Implications: Sharing confidential information with a competitor is a breach of trust, and it could lead to legal implications. The company may take legal action against Mr. Manish for disclosing the confidential information.

The Importance of Confidentiality in Business

Confidentiality is a critical aspect of business operations. The company's confidential data is one of its most valuable assets, and it needs to be protected at all times. Confidential information includes trade secrets, financial information, customer data, and other sensitive information.

• Protecting Intellectual Property: Confidentiality helps in protecting the company's intellectual property, which includes patents, trademarks, copyrights, and trade secrets. These assets give the company a competitive advantage, and their protection is crucial for the company's growth and success.

• Maintaining Trust: Confidentiality helps in maintaining trust between the company and its stakeholders. The stakeholders trust the company with their confidential information, and the company needs to ensure that this trust is not breached.

• Compliance: Confidentiality is also important for compliance with various laws and regulations that govern the handling of confidential information.

Conclusion

In conclusion, Mr. Manish's breach of confidentiality has severe implications for the telecom company. It is essential for the company to take appropriate action to prevent such incidents in the future. The company needs to implement strict policies and procedures for the handling of confidential information and ensure that all employees understand the importance of confidentiality in business operations.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Similar Commerce Doubts

Direction: Read the following text and answer the below questions :Best Textiles Ltd. is a big company. Managing many employees at the same moment is a challenge which this company always faces. Since the company has many departments it is necessary for the company to ensure unity of action among various departments. The various departments are human resources, marketing, finance, operations and sales. The top-level managers coordinate with all middle-level managers. The middle-level managers coordinate simultaneously with top as well as lower-level managers. The lower-level managers coordinate with middle-level managers and the workers. The employees are always concerned about the company and are a useful resource to their organisation. Though they have diverse interests and have to perform different activities, the management ensures that the efforts of the employees should be given a focus so as to achieve the organisational goals.The different departments have their own interests but due to proper coordination, conflict of interest between departments is minimized to zero. When it comes to the employees, the organisation shows its concern. The career of employees is shown a developmental path through proper training modules and job enrichment. Sanjeev is a manager who takes care of all the duties and responsibilities to be assigned to his employees in the department. He uses all sources to develop a proper communication with them and leaves no attempt to motivate them. This year the company has decided to give the best manager award to Sanjeev for his contribution to the organisation.Which type of objective is fulfilled here ?

Direction: Read the following text and answer the below questions :Best Textiles Ltd. is a big company. Managing many employees at the same moment is a challenge which this company always faces. Since the company has many departments it is necessary for the company to ensure unity of action among various departments. The various departments are human resources, marketing, finance, operations and sales. The top-level managers coordinate with all middle-level managers. The middle-level managers coordinate simultaneously with top as well as lower-level managers. The lower-level managers coordinate with middle-level managers and the workers. The employees are always concerned about the company and are a useful resource to their organisation. Though they have diverse interests and have to perform different activities, the management ensures that the efforts of the employees should be given a focus so as to achieve the organisational goals.The different departments have their own interests but due to proper coordination, conflict of interest between departments is minimized to zero. When it comes to the employees, the organisation shows its concern. The career of employees is shown a developmental path through proper training modules and job enrichment. Sanjeev is a manager who takes care of all the duties and responsibilities to be assigned to his employees in the department. He uses all sources to develop a proper communication with them and leaves no attempt to motivate them. This year the company has decided to give the best manager award to Sanjeev for his contribution to the organisation.At which level of management does Sanjeev work?

Direction: Read the following text and answer the below questions :Best Textiles Ltd. is a big company. Managing many employees at the same moment is a challenge which this company always faces. Since the company has many departments it is necessary for the company to ensure unity of action among various departments. The various departments are human resources, marketing, finance, operations and sales. The top-level managers coordinate with all middle-level managers. The middle-level managers coordinate simultaneously with top as well as lower-level managers. The lower-level managers coordinate with middle-level managers and the workers. The employees are always concerned about the company and are a useful resource to their organisation. Though they have diverse interests and have to perform different activities, the management ensures that the efforts of the employees should be given a focus so as to achieve the organisational goals.The different departments have their own interests but due to proper coordination, conflict of interest between departments is minimized to zero. When it comes to the employees, the organisation shows its concern. The career of employees is shown a developmental path through proper training modules and job enrichment. Sanjeev is a manager who takes care of all the duties and responsibilities to be assigned to his employees in the department. He uses all sources to develop a proper communication with them and leaves no attempt to motivate them. This year the company has decided to give the best manager award to Sanjeev for his contribution to the organisation.Which importance of management has been highlighted above ?

Top Courses for CommerceView all

Top Courses for Commerce

(a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.?
Question Description
(a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about (a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for (a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.?.
Solutions for (a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of (a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.? defined & explained in the simplest way possible. Besides giving the explanation of (a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.?, a detailed solution for (a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.? has been provided alongside types of (a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.? theory, EduRev gives you an ample number of questions to practice (a) Mr. Manish, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup