business environment legislation essay

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Legislation and Business

Introduction.

The legislation involves the preparation and enacting of laws that govern how certain activities are run. A legislative body conducts this process with legislative authority and powers accorded to it by the constitution. The lawmaking process ensues through evaluation, amendments, and voting for or against the proposed changes. Ideas and suggestions become items of proposition when they are drafted and written down as a bill. The purpose is to change the laws governing given specific areas and provide clarity on what is required. The enacting of such bills becomes Acts or statutes, making them binding. Every enactment process and procedure works under a constitution that controls and guides every action throughout legislation until a bill becomes law (Steele, 2020). Different states and governments have different ways and procedures that lead to enacting a statement to law. Therefore, businesses like any other field need rules and patterns that guide, protect, regulate, and hold businesspeople accountable.

United States Congress

Drafting and bill introduction.

Any congress member with the idea that can become law can draft a bill of the intended amendments. The member can either be from the Senate or the House of Representatives or be a Senate member. The congress member can either bring up the ideas themselves or come to ordinary citizens or groups of people such as advocacy groups. A member who supports a bill is a ‘sponsor.’ Other members in support of the same are ‘co-sponsors.’ Upon drafting, the bill must go through an introduction in the respective House. If the sponsor is a representative, the opening will happen in the House, and if the sponsor is a senator, it will take place in the Senate. When both houses have introduced the bill, and upload goes to the government’s website, whose purpose is to track federal legislation.

A committee receives the bill when the introduction process ends. The Senate and the House both have committees having congress member groups. The interest of these groups is exceptionally diverse topics relating to different aspects affecting people. Now having the bill in their custody, the team examines whether it has a chance of being passed by Congress. The committee can hold hearings to understand better the possible impacts of the bill. It allows for views from experts, supporters, public officials, and opponents to consider its legislation. In cases where the committee does not act on a specific bill, it losses relevance. A subcommittee does further specialization needed for particular topics. The aim is for them to review and to have detailed studies and more hearings.

Bill Mark up

The committee holds a meeting after the completion of hearings and reviews to ‘mark up’ amendments. Through this, they can have modifications and changes before they give recommendations to the ‘floor.’ If a decision is arrived at through voting that they will not report on legislation to the Congress, the bill is discarded. But if the vote is in its favor, a report is given to the House. It will create room for additional debate; full chamber members then vote for approval or disapproval of the amended bill. The voting determines its defeat or whether the committee will pass it.

Referred to another Chamber

Upon passage, there is a referral to another chamber where they follow the same procedure and legislative routines. The Chamber can either approve without any changes, reject it, make changes to it or ignore it. Congress may form a conference committee to develop solutions that reconcile differences in the bill versions of the Senate and the House. The bill dies if the Conference Committee will not reach an agreement. There is an agreement, a report having recommendations is prepared for the bill, and both houses should approve the Report.

President Approval

When the Senate and House approved a bill uniformly, the president receives a copy. The president can support it by signing, therefore, enacting it. If he does not take any action for ten-day, and the Congress was in session, it becomes law. But if Congress was not in session, there is a ‘pocket veto.’ If he opposes it, Congress may veto it, but if the House and Senate, by a majority of two-thirds, pass the bill, they overrule it.

Virginia General Assembly

When a bill originates from the House of Delegates, a delegate will introduce the bill. He presents it by explaining the idea and suggestion in mind to an attorney of staff. The attorney goes through the existing laws in line with the constitutional stand of the same and the possible implications of the proposed legislation through the presentation. If the idea is not controversial with the guiding constitution, the division of legislative services drafts it. The delegate receives the draft copies of the bill. When the representative receives the manuscripts, he has to sign his or her name and introduce it by having both the original and the duplicates on the clerk’s desk. The process of printing happens, and the Speaker refers the copies to the standing committee. The role of the committee members is to have a discussion and vote for or against it (McLaughlin et al., 2016). They report on their conversation and conclusion to the House of Delegates. At this stage, the committee is not allowed to make any amendments to the draft.

After the committee gives the Report, the First Reading takes place. It prints the bill’s title and adds it to the calendar, or the House of Delegates clerk reads it. On the second reading, the bill title is on the House Calendar. Consideration given to the Bill is dependent on the order of its appearance. The clerk also reads the title at this stage, therefore, opening the floor for amendment. The delegate answers to questions asked. The representatives, through a voice vote, engross it to the next reading (McLaughlin et al., 2016). In cases where it was passed without any amendments and is adopted later, the committee prints its engrossed form to allow for passage. On the third reading, it also appears on the calendar, and the clerk reads the title, passed through recorded votes.

The delegate or the clerk transfers the bill to the Senate, indicating that it has the bill House passed it, therefore requesting the Senate’s concurrence. While in the Senate, the process is the same as that of the House of Delegates. It goes through the first, second, and third reading before a constitutional majority passes it (McLaughlin et al., 2016). In cases where differences arise, a committee conference is put in place to resolve the differences. After this, the committee prints an enrolled copy, and each presiding house officers examine and sign the bill. For approval, the team sends a copy to the governor. The governor can sign the account making it law, make amendments to the bill, and send it to the General assembly to approve it or veto the bill (McLaughlin et al., 2016). The Senate and House of Delegates may choose to override the governor’s veto. Before its approval, the House of Delegates should be it to the House of Approval to go through all the necessary readings when the bill is from the Senate.

Pending Bills Affecting Business

Small business mergers, acquisitions, sales, and brokerage simplification act of 2021.

This bill has been introduced and is still being taken through the legislative process. It is subject to the consideration of the committee before being referred to the House and Senate. The bill targets to amend the existing Act of Security Exchange. The aim is to have brokers connected to the transfer of smaller private companies from registration. One is disqualified from this exemption if their activities contradict the purpose of the amendment. For example, if the person engages in transferring ownership for an eligible private company, it directly or indirectly financing for a private company.

If the bill is enacted, more brokers will get into business because there is the process of registration is made simpler. With the increase of brokers, many small companies are likely to merge or be acquired by another. Merging allows for the growth of companies and businesses because of the synergies through coming together. It increases the market coverage of a business; it can get a solid finance base making it attractive to lenders. There will be an increase in innovation and creativity because of different skills being brought together from diverse businesses (Boccia et al., 2020). Therefore, if enacted becomes law, the bill will speed up the growth of companies and their ability to expand both financially and geographically.

On the contrary, due to exemptions when registering brokers, fraud may increase, and cases of people defaulting from specific agreements. Without registration certifications, it is difficult to hold someone accountable for their work and single out fraudsters from genuine brokers. Simplifying the whole process of becoming a broker also opens up businesses to take over risks. People may take advantage of the loopholes that come with this freedom and acquire smaller firms that are vulnerable financially. This causes some businesses to fall out and cease to exist due to other companies taking over some of their business. This has adverse effects on an economy because it loses the value addition the extinct businesses had on it. Also, the overall commercial becomes unstable because there is insecurity in the continuity of doing business.

New Business Preservation Act

This bill aims to have innovative startups where the Department of Treasury, through its secretary, allocates finance to specific states to aid promising startups have access to capital. The capital helps them commercialize various innovative ideas, create employment, and to speed up economic growth in the respective states (Boccia et al., 2020). In cases where there are exits and money is returned, the state will reinvest the money in programs approved by the state. Some of the roles of the secretary as per the bill are, to come up with standards that qualify a state program, avail technical assistance that goes towards designing and implementation of programs, ensure that the program’s integrity is maintained, and review the compliance of the approved states.

Therefore, the Act will have so many new businesses started and running by providing the necessary capital. More new creativity and ideas will be commercialized, which will create a business technologically advanced business environment. Firms already in the market will embrace more contemporary techniques and change not to be competitively disadvantaged. The government is involved in business, and it is easier to have a stable economy because it intervenes when the need arises. It can also understand the economy’s needs and develop sustainable solutions and policies that boost those needs (Boccia et al., 2020). An entrepreneurship culture is created among the states’ citizens because their determination to do business is supported. This, in turn, increases the number of business owners, more people get training on how to be influential entrepreneurs, and investments grow because of the enabling environment. Foreign dominance is reduced because the funding serves the purpose of encouraging local involvement.

The bill, however, affects the business negatively through the disparity it will cause in the economy of states that will be involved and the ones left out. Whereas there will be growth and advancement in participating states, the others will still lag economically. People are likely to move out of the nonparticipating states and move to those financially productive. Potential investors may also be scared off because those sponsored by the state are at a higher advantage financially. Therefore because of the unleveled ground, it may portray, businesses that would have played an influential role in the economy shy away. And finally, because the money is from the state, people may not take full responsibility and accountability for its utilization. This may lead to the misuse of the resources reducing business productivity and ultimately its failure.

The above pending bills show that legislative officials in partnership with citizens can always amend specific laws to solve prevailing business problems in the country (Boccia et al., 2020). The provision is limited to work per the constitution’s requirements, giving powers to the legislative officials for amendment. Upon enactment, the commendation in the law, depending on a specific area of business they address, has the possibility of causing both positive and negative implications (Steele, 2020). Therefore, the legislative team should ensure that they critically consider and review the proposed bill before making amendments to avoid it causing adverse negative impacts. This is because, upon its approval, it becomes the law, and making changes to it again takes time and resources. Also, experts should always be consulted during bill reviews to ensure there is clarity in the understanding of the bill. The possibility of mistakes when experts are involved is minimized because they have a clear and informed view concerning the implications of a bill.

Legislation, therefore, is a tool that influences the way businesses to transact their activities. Predictable regulations make one understand how to deal with any given situation without being taken advantage of by the other party. Consistency in the economy is also assured because everyone does their transactions following specific laws in potentially unstable environments. Businesses are also put under watch and made accountable to the general public in their dealings and transactions. Legislative bodies and officials should aim to have laws for the general development of the economy and the people. All parties involved should be made aware of the implications of going against the law. It will help in achieving the goal of legislation regulating, guiding, and holding accountable.

Boccia, R., & Michel, A. (2020). How congress can enable the great American economic recovery. Heritage Foundation Backgrounder , 3491 .

McLaughlin, V. L., West, J. E., & Anderson, J. A. (2016). Engaging effectively in the policy-making process. Teacher Education and Special Education , 39 (2), 134-149. Web.

Steele, C. (2020). An analysis of US federal environmental legislation in the nineteenth, twentieth and beginning twenty-first centuries, with emphasis on presidential party and political majorities in congress. The Journal of Legislative Studies , 26 (2), 295-313.

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The Business Environment, Essay Example

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The business environment is ever changing; thus, presenting a number of challenges to businesspersons around. Therefore, this business environment will demand managers and business leaders to come to terms with the changes by adopting the needed changes. The managers should garner the needed experience and management skills to meet these growing challenges. I believe that the Master of Business Administration (MBA) from Henley School of Business will enable me to play a leading role towards changing the future businesses not only in South Africa, but globally.

The MBA program has provided me with the necessary tools that will allow me to understand, as well as implement business and management principles. The business and management principles are important in the modern business environment because I will use them to better my managerial skills and that of others. Since I have working for more than 8 years in challenging positions with mining companies and non-governmental organizations, I will be able to increase my knowledge towards understanding the problems that businesses and markets face nowadays. This will offer me an opportunity to address these challenges, thus making the future of the businesses bright. I believe also that leadership is a core principle while pursuing MBA program. Therefore, with my program I will encourage businesses to adopt a culture of effective leadership among their managers and other leaders. If the businesses understand that leadership is about influencing others, they will succeed in their everyday operations.

Decision-making and strategic planning are important elements towards the success of the business. The MBA program equipped me with knowledge regarding the role of business investing in strategic planning and decision-making approaches to make the needed changes in an organization. The strategic planning will ensure that the business develop effective mission and objectives and develop and implement approaches to realize the mission and work towards objectives. This can be carried out through adopting market research, feasibility studies, or cost-benefit analysis. MBA provides all these tools and by encouraging companies to adopt these strategies will ensure that the businesses will survive in future.

In the present business environment and in future, coordinating the works of others in a team is important towards attaining the goals of a business. Thus, the MBA program will equip me with team skills and knowledge that I will use to influence others. I believe that teamwork is an important component of any given business because it boosts motivation, hence increasing productivity among the team members. Teamwork permits businesses to be more flexible and responsive. In addition, teams also motivate workers to be more creative, to develop a broader view of objectives, and to contribute across the whole business. Thus, with my MBA, I will emphasize and encourage businesses to adopt teams. . With my MBA, I believe that the companies will be effective in meeting their goals if they embrace teams that are multi-cultural team. This is because cross-border mobility has become widespread, which forces managers to form multi-cultural teams. MBA program has thought me to encourage businesses to develop effective communication strategies that will allow them to communicate effectively with different teams and departments. The communication process should be two-way to make sure that every activity in the business and avoids duplication of responsibilities.

Globalization is another principle that I believe with my MBA program, I will be able to encourage businesses to adopt. It has a reality that business should go past their boundaries to global arena through expansion strategies to reap the full benefits of markets. The business will realize the benefits of going global since they will increase their market share and diversify their businesses, thus reducing potential risks. When businesses move to global environments, they will gather more experiences, because they will meet diverse persons form different cultures. In addition, through the MBA program I will be in a position to encourage the business world to create and adopt multi-cultural environment. Multi-cultural environment will allow the business to have diverse workforce that will allow the company to increase productivity through diversity.

MBA stresses the importance of technology and information systems in the present business environment and in future. The present business environment demands businesses to adopt latest technologies in business in order to survive. It is no doubt that technology and information systems play a vital role to the success and future of the business .MBA programs demands that business should be at par with technologies to remain relevant in the market. Technology has emerged to key drivers in the world that business should become part of this changing trend. I will ensure that I stress the importance of technology wherever I will work and in business forums and workshops. The managers should be equipped with better ways of managing employees through technology and information systems in a business to realize the full potential of the business. Technology should integrate with the element of creativity and innovation. I believe that encouraging businesses to adopt innovation and creative strategies are important towards fashioning an enabling environment that enhances problem-solving skills and developing outstanding strategies to pursue business strategies.

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Legislation and Business Environment Essay.

• By Research Team
• on March 19, 2020
• in Sample Papers
• Legislation and Business Envir...

Legislation and Business Environment

Instructions : How does the parliament regulate the conduct of society, particularly with reference to business transactions and interactions?

Introduction

This paper intends to review the level to which the parliament influences societal practices, especially when it comes to the business environment.

The aim of this paper is to establish the various laws established by the parliament and how such laws have played a role in regulating the business society.

Body – The Role of Parliament in Regulating Society

This section will legislations passed by the parliament and their role in regulating business interactions across Australia. These laws will range from consumer protection laws, laws that govern business structuring, environmental protection laws, anti-discrimination laws, anti-terrorism laws, privacy laws, to laws against criminal activities in the business environment such as anti-fraud laws.

The impact of this laws on the business relationships between businesses and individuals and businesses and other business will be elaborately discussed in this section.

This section will sum up the areas discussed throughout the paper and provide recommendations on how the parliament can further promote positive affect across the business society.

The parliament is a body responsible for making laws within the country. Legislation process is important since the outcome of these acts formed in the parliament have the effect on the society and business environment around the country. A bill is a proposal for a change of law. If this proposal is presented to the parliament and is approved, it becomes an act. This paper is going to discuss parliamentary acts and how they affect the conduct of the society in areas of business transactions and interactions adversely. In the case of Australia, examples of these acts include Competition and Consumer Protection acts, Environmental Acts, Corporations Acts, Anti-terrorism Act, Work relations act, privacy laws and several Discrimination Acts. These acts capture different sectors in the society and directly or indirectly affect the business transactions and interactions. Parliamentary acts are relevant in any country since they regulate several activities in the country regarding business as it will be explained later on.

The Role of Parliament in Regulating Society

To begin with, the parliament protects the consumers from the unfair practices of business organizations. It also regulates how businesses interact to promote better trading between firms. In addition, parliament protects other business from unfair trading and prohibits the misuse of monopoly power. An example of a legislation passed by the parliament is the Competition and Consumers Protection Act of 2010. This act states that through fair trading practices, fair competition and provision of consumer protection, the Australian welfare is enhanced. The law regulates the type of services delivered to the customers, explains the unfair market practices, and monitors the prices of the products (Australian Competition and Consumer Commision, 2016). It ensures that the goods produced by the businesses are of good standards so that the consumers can be satisfied. The act affects the conduct of companies since it creates a linkage to the user. Therefore, businesses in the country should have up to standard goods and should not infringe consumer rights. In case of increased complaints, businesses may be subject to legal liabilities among other devastating consequences such as reputational damage (Australian Competition and Consumer Commision, 2016). Enterprises have to liaise with these act so as to be able to deliver the best to the consumers. In cases of non-satisfactory services or products to the consumers, the acts explain the areas of returns, refunds to customers, warranties, advertising, and marketing.

Secondly, the Parliament controls how business entities in Australia should be structured and how they should be formed. An example of an act that regulates the corporations is the Corporations Act of 2001 (Vickery & Flood, 2011). The act establishes regulations and laws that deal with any business entities in Australia at any level. It explains the relationship in partnership entities and investment schemes. It describes the formation procedures and how the companies operate, the duties of officers and issues with takeovers. Corporations in the Australia have to follow these guidelines provided by the Corporations Act of 2001 to be accredited as a business entity. Small businesses in Australia are expected to be able to adhere to the corporation law to be registered by the Australian government.  The parliament also regulates the environment in relation to the businesses operations through environmental acts. They also protect the society from environmental hazards caused by firms in the country. An example of the environmental law is the Environment Protection and Biodiversity Conservation Act 1999, which states that the environment should be protected and managed efficiently. In Queensland’s case, the Environment Protection Act formulated in 1994 protects against environmental harm, with members of the public required to report any activities that may be deemed to be detrimental to the environment (Queenland Government, 2016). The parliament provides ground for equality and fair treatment of workers in the business climate. The house comes up with acts that promote equal treatment of employees in the workplaces. Such laws have played a major role in minimizing cases of discrimination on the basis of ethnicity, race, sexual orientation, nation of origin, and gender among others, in the workplace.  Some of the laws that have been established by the parliament to this effect include the Workplace Relations Amendment (Work Choices) Act 2005, the Fair Work Act 2009, and the Age Discrimination Act 2004 (Vickery & Flood, 2011). 

Parliament also protects the society from acts of terrorism through the formulation of the Anti-Terrorism laws such as the Anti-Terrorism Act of 2005 (Mullins, 2011). This law protects Australia from terrorism acts and prevents terrorists from getting into the country. It has also facilitated the process through which tools that identify, prosecute, convict and punish terrorists are developed. The law also allows Australia to effectively work with the international community in fighting terrorism. It is important to note that terrorism has devastating effects for businesses including loss of property, loss increased cost of production, and increased investor risk, among other factors. As a result of the effectiveness of these laws, Australia has experienced low cases of terrorism as compared to other countries (Mullins, 2011).The Parliament also puts into consideration how the private information of individuals and businesses is handled. As such, the parliament has come up with the laws to protect privacy of information, including the Privacy Act of 1988 (Vickery & Flood, 2011). The Act defines personal information as information or an opinion that is either true or false, recorded or not, about a known individual or an individual who is reasonably identifiable. The common information in this case may include names, addresses, mobile phone numbers, date of birth, bank details, medical records, and so on. In terms businesses the Privacy Act regulates the consumer credit reporting in the country. The health records are regarded as the most important in the Australia, and the act provides protections around its handling. For example, all organizations that offer medical services should provide the client with a consent before they collect any medical information from the customer (Australian Government, 2016).

The parliament also ensures credibility in the business environment by establishing laws against criminal activities including the corruption, fraud, theft, and deceit of consumers (Gottschalk, 2010). These laws try to promote honesty within the business environment. The Australian government does not allow practices of corruption as corruption is understood to undermine the growth of small businesses and to facilitate the poor development of the economy in the country as well. Therefore, some rules and regulations outline the punishment of cases of corruption and fraud. The parliament protects businesses from these immoral societal activities by punishing the practices by either incarceration of fines. The legislature came up with The Punishment of Offences Act in 2001, which explains the punishment of crimes against the acts of Parliament that occur in the business environment. The act also defines the procedures of arrest and the punishment of the respective crimes (Gottschalk, 2010). The parliament has also come up with laws that promote unity and peace in the society, hence, the better environment for business activities. Case in point, the Justices of the Peace Act of 2005, was formed to create clear roles and duties of the Justices in South Australia. It explains the importance of recognizing the court as a place to sought out justice and peace (Vickery & Flood, 2011). Members of parliament, as leaders, play a major role as the ambassadors of peace and unity in the country. In any business interactions, if there is a disagreement or a case of unfair trading, the law provides that the conflict is taken to court to allow for arrival at an amicable solution for both parties. Every business is also advised to have a lawyer or an attorney to battle for their cases in the court.

It is evident that the parliament, being the legislation organ in the land, regulates the societal business environment through the formation of these laws. The legislature protects consumers and the business entities. It regulates environmental measures for companies to carry on with their activities effectively. In addition, the parliament promotes the equality and fairness towards workers in workplaces and provides for the guidelines to the formation of new business entities. The parliament also fights crimes and terrorism thus creating a better environment for businesses to operate. Lastly, the legislature plays a massive role in promoting unity and guarding personal and organizational information. Therefore, the house is critical in the running of business activities around the country and helps the society as a whole in regulating key issues in the society. 

Australian Competition and Consumer Commision. (2016, march 10). Legislation . Retrieved from Australian Competition and Consumer Commision: https://www.accc.gov.au/about-us/australian-competition-consumer-commission/legislation

Australian Government. (2016, March 12). Privacy Law . Retrieved from Office of the Australian Information Commisioner: https://www.oaic.gov.au/privacy-law/privacy-act/

Gottschalk, P. (2010). Categories of financial crime. Journal of Financial Crime, 17 (4), 441-458.

Mullins, S. (2011). Islamist Terrorism and Australia: An Empirical Examination of the “Home-Grown” Threat. Terrorism and Political Violence, 23 (2), 254-285.

Queenland Government. (2016, March 11). Environmental and Pollution Laws . Retrieved from Queensland Government: https://www.qld.gov.au/law/laws-regulated-industries-and-accountability/queensland-laws-and-regulations/queensland-laws/about-queensland-laws/environment-and-pollution-laws/

Vickery, R., & Flood, M. (2011). Australian Business Law: Compliance and Practice. Queensland: Pearson Australia.

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Legal Environment of Business: Key Aspects, Impacts, and International Considerations

• Legal Blogs Subject-wise Law Notes
• November 21, 2024

The legal environment of business plays an essential role in shaping the framework within which companies operate. Defined by the laws and regulations set forth by government authorities, this environment affects a wide range of business activities, from corporate governance to labour practices. Understanding the legal environment is crucial for businesses to operate effectively and responsibly, avoiding legal issues, fostering compliance, and building trust with stakeholders. This article explores the various aspects of the legal environment, its impact on business, and considerations in the context of international business.

What is the Legal Environment?

The term “legal environment” refers to the collective body of laws, regulations, administrative orders, and judicial precedents that influence business operations. This environment provides a legal framework that guides businesses in complying with standards, ensuring ethical practices, and meeting their obligations toward employees, customers, and society. By understanding the legal environment, businesses can align their operations with legal standards, enhance credibility, and reduce the risk of legal disputes.

The legal environment includes various legislations, policies, and regulatory measures that governments implement to regulate and support business activities. These regulations might differ across countries, based on each nation’s unique priorities, economic structure, and social objectives. In addition to ensuring compliance, these regulations support business growth by protecting intellectual property, ensuring fair competition, and establishing fair labour practices.

Key Aspects of the Legal Environment of Business

The legal environment of business is multi-dimensional, covering a wide range of regulations and laws. Below are some key aspects that businesses commonly encounter in various legal environments:

Antitrust and Competition Laws

Purpose : These laws, often called antitrust laws, aim to prevent monopolistic practices and promote fair competition. They prohibit companies from engaging in unethical practices like price-fixing, market allocation, and mergers that can lead to a lack of competition.

Example : In the United States, the Sherman Antitrust Act prevents collusion between companies that could harm consumer interests by limiting competition. Similarly, India’s Competition Act of 2002 aims to promote fair competition and prevent unfair trade practices.

Environmental Protection Laws

Purpose : Environmental protection laws ensure that businesses operate sustainably, minimising their environmental footprint. These laws may impose restrictions on pollution, waste disposal, and resource usage to protect natural resources.

Example : In India, laws like the Environment (Protection) Act of 1986 and the Water (Prevention and Control of Pollution) Act of 1974 regulate business practices that may harm the environment. Compliance with such laws not only helps companies avoid legal penalties but also promotes corporate responsibility.

Labour and Employment Laws

Purpose : Labour laws safeguard workers’ rights by regulating employment standards, wages, working hours, and workplace safety. These laws create a fair and equitable work environment, helping businesses maintain healthy employee relations and enhance productivity.

Example : In India, the Factories Act of 1948 establishes guidelines for working hours, conditions, and safety for employees. Maternity benefits, minimum wage regulations, and non-discrimination laws are also important components of labour law in many countries.

Health and Safety Promotion Laws

Purpose : Health and safety laws are designed to ensure safe working conditions, requiring businesses to adhere to safety standards and provide necessary equipment and training for employees.

Example : In India, the Mines Act of 1952 and the Occupational Safety, Health, and Working Conditions Code of 2020 outline safety protocols in industries with higher health risks, like mining and manufacturing.

Contract Law

Purpose : Contract law governs the agreements between businesses and their stakeholders, including suppliers, customers, and employees. By establishing terms and obligations, contract law ensures that businesses and their partners can rely on legally binding agreements.

Example : The Indian Contract Act of 1872 governs all contracts in India, providing a framework for lawful agreements and protecting parties involved in a transaction.

Consumer Protection Laws

Purpose : Consumer protection laws ensure that businesses meet certain standards in providing safe and reliable products or services. These laws address false advertising, warranty requirements, and product safety, protecting consumers from exploitation.

Example : The Consumer Protection Act of 2019 in India empowers consumers with rights and redressal mechanisms, establishing guidelines to ensure product quality and prevent misleading advertising.

Intellectual Property Laws

Purpose : Intellectual property (IP) laws protect the rights of creators and inventors, preventing unauthorised use of ideas, designs, and inventions. These laws encourage innovation by securing legal rights for businesses and individuals.

Example : India’s Patent Act of 1970 and Trade Marks Act of 1999 provide IP protection, allowing businesses to safeguard their inventions and branding from infringement.

Impact of the Legal Environment on Business

The legal environment profoundly impacts business operations in several ways:

• Promotes Ethical Business Practices : By enforcing rules on fair competition, environmental conservation, and employee welfare, the legal environment ensures that businesses adhere to ethical standards. Compliance with legal requirements fosters corporate social responsibility and builds public trust.
• Risk Management : An understanding of the legal environment helps businesses manage risks, preventing costly legal disputes. Effective contracts, for instance, minimise risks of misunderstandings with suppliers and customers, while environmental compliance reduces the risk of fines or forced operational changes.
• Strategic Decision-Making : Legal knowledge aids in strategic decision-making, helping businesses navigate regulations related to mergers, acquisitions, and market expansions. Understanding labour laws allows for effective hiring and workforce management, while awareness of IP laws helps protect innovations and gain a competitive advantage.
• Protects Consumer Rights and Business Reputation : Consumer protection laws safeguard buyers from fraudulent practices, thereby enhancing the business’s reputation. Businesses that adhere to these standards are more likely to attract loyal customers, contributing to long-term profitability.
• Ensures Compliance in Global Markets : For businesses operating internationally, the legal environment becomes more complex as they must comply with local regulations in each country. By understanding these requirements, businesses can avoid legal hurdles, adapt to market needs, and successfully expand globally.

Legal Environment in International Business

In the context of international business, the legal environment requires companies to operate within the legal frameworks of each country in which they do business. This environment is shaped by various international treaties, trade agreements, and local laws.

• Trade Regulations and Tariffs : International trade laws and tariffs directly impact the cost and feasibility of conducting business abroad. Trade agreements, like the North American Free Trade Agreement (NAFTA) or the European Union’s Single Market, aim to reduce trade barriers, benefiting companies by facilitating easier market entry.
• Intellectual Property Protections Across Borders : IP laws vary across countries, making it essential for international businesses to understand local IP regulations to prevent the unauthorised use of their innovations. The World Intellectual Property Organisation (WIPO) facilitates international cooperation, promoting a unified approach to IP rights.
• Labour and Environmental Standards : Companies expanding globally must consider differences in labour and environmental regulations. For instance, environmental standards in the European Union are stricter than in many other regions, requiring businesses to adopt sustainable practices to access the EU market.
• Compliance with Anti-Bribery and Anti-Corruption Laws : To prevent unethical practices in international markets, businesses must comply with laws like the Foreign Corrupt Practices Act (FCPA) in the U.S. and the UK Bribery Act, which regulate corporate conduct abroad and prohibit bribery.
• Understanding Local Consumer Protection Laws : Different countries have unique consumer protection standards. For example, product liability laws in the U.S. differ significantly from those in India, impacting how companies handle safety standards and customer relations.

Benefits and Challenges of Studying the Legal Environment of Business

Studying the legal environment provides significant benefits to business managers and executives, enabling them to make informed decisions and align operations with legal standards. Here are some of the key advantages and challenges of understanding the legal environment:

• Enhances Compliance and Avoids Legal Penalties : Knowledge of the legal environment helps businesses remain compliant, reducing the risk of fines, litigation, and reputational damage.
• Improves Strategic Planning : By anticipating regulatory changes, businesses can adapt their strategies to align with new laws, gaining a competitive edge.
• Fosters Trust and Credibility : Adhering to legal standards fosters trust among consumers, investors, and employees, contributing to a positive brand reputation.
• Supports Business Growth and Expansion : Understanding local laws in global markets enables businesses to expand with greater confidence, ensuring that they meet regulatory requirements.
• Protects Intellectual and Physical Assets : Awareness of IP laws and contract laws ensures that businesses protect their ideas, branding, and contractual rights, safeguarding their assets.
• Complexity and Variability of Laws : The legal environment is highly complex, with laws constantly evolving. Businesses need to stay updated on regulatory changes across multiple areas, which can be resource-intensive.
• Balancing Compliance with Business Goals : Compliance with stringent regulations, such as environmental or labour laws, can be costly, posing challenges for businesses seeking to balance legal obligations with profit goals.
• Navigating International Legal Differences : For companies operating internationally, adapting to varying legal standards can be challenging, as each country has unique regulations and enforcement practices.
• Overcoming Operational Constraints : Compliance with certain laws may impose limitations on business operations. For instance, strict environmental laws may require businesses to invest in sustainable practices, which can affect short-term profitability.

The legal environment of business is a critical element that shapes the success and sustainability of organisations. By understanding and complying with various laws, businesses can foster ethical practices, manage risks, and enhance stakeholder trust. For companies operating internationally, awareness of local legal requirements is especially crucial for successful market entry and sustainable growth.

In a world of rapid regulatory changes and increased focus on ethical and environmental standards, understanding the legal environment empowers businesses to navigate complexities, protect their assets, and leverage opportunities for growth. A robust legal framework is thus not only essential for avoiding legal pitfalls but also serves as a strategic advantage, supporting companies in building a solid foundation for long-term success.

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• Business Environment Essays

Business Environment Essays (Examples)

Filter by keywords:(add comma between each), example essays.

Business Environment Is Constantly Changing and Diversifying

business environment is constantly changing and diversifying and companies need to find the appropriate solutions to create long-term growth and ensure that their core business activity does not become obsolete. A good idea in this sense would be to diversify one's business by prospecting new economic sectors and by creating viable alternatives in other areas. A practice much used nowadays creates new businesses within the mother companies, but serious challenges appear, related to the organization, prospect, evolution and survival of this "intrapreneuring." Indeed, these new businesses face just as much of the challenges associated with any new business and, besides these, several new ones, associated with their particularities. Their primary condition implies the fact that their initial evolution and creation is strictly related to the corporate culture and the climate of the organization to which they are part of. Organizations where managers are open towards new ideas and creative spirits…...

Business Environment There Are Various Views Held

Business Environment There are various views held by management in terms of the methods that should be used to manage the organization. The work of Hartman (nd) states that the evolution of modern management thinking started first in the nineteenth century and flourishing during the twentieth century, which is reported to have "witnessed a revolution in management theory ranging from classical theory to the Japanese management approach." Hartman states that today's management theory derives from the "interdisciplinary efforts of many people." (nd) Management is described in the work of Olum (2004) as "the art, or science, of achieving goals through people." Olum states, "More broadly, management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims." (2004) Management is about "solving problems that keep emerging all the time in the course of an organization struggling to achieve its goals and objectives."…...

mla Sources and Main Issues The start of the modern organization is reported in the work of Hartman entitled "Management Theory" to have taken place during the middle of the nineteenth century with "the rise of the factory system, principally in the textile industry, where automation and mass production became the cornerstone of productivity." (Hartman, nd) Management theory evolved slowly during the century as the need is reported to have existed "to define what management was in the first instance as well as to operationalize it in meaningful terms for an organization." (Hartman, nd) Management Theory Robert Owen and Charles Babbage are reported to have serious examined management theory. Owen's ideas were derived from his ownership of a cotton mill in Scotland and his interest in the well-being of 400 to 500 children employed by the mill. Owen published his pamphlet 'A New Vision of Society' in 1813 in which his idea of society was described and Owen additionally was very active in bringing about improved living conditions for his employees by implementing housing, sanitation, public works and school programs. It was Owen's belief that character was determined by circumstances and that early education combined with environment was critically a part of the formation of good character. Babbage was held to be the 'father of the modern computer' as he performed the fundamental research upon which the first mechanical calculator was developed as well as developing an 'analytical engine'

Business Environment of Colombia

Colombia Once a no-go zone, Colombia has enjoyed something of a resurgence. This paper will examine the business environment in Colombia, highlighting the different issues that matter to businesses. Colombia has recently become the fastest-growing economy in Latin America (The Economist, 2014), which is testament to some key policy changes that have spurred renewed investment. It started with a major security push to stabilize the country and has now left Colombia enjoying a fairly attractive investment environment. This report will outline the country's economic and legal conditions, to provide the relevant background information for anyone considering doing business in Colombia. Economic Conditions Colombia is experiencing strong growth at present, something that can be attributed both to improved security and to a shift in economic policies. With 46 million people and a relatively slow growth rate, Colombia is the 30th-largest country in the world. Its economy ranks 32nd, with $642.7 billion (CIA World Factbook,…...

mla References CIA World Factbook (2015). Colombia Central Intelligence Agency. Retrieved April 21, 2015 from   https://www.cia.gov/library/publications/the-world-factbook/geos/co.html  Deloitte (2014). Doing business in Colombia 2014 Deloitte. Retrieved April 21, 2015 from http://webserver2.deloitte.com.co/Tax%20&%20Legal/2014/DoingBusiness/Doing%20Business%20Colombia%202014%20Ingles%20-%20VF.pdf Miller, S. (2011). Foreign ownership rights in Colombia. Colombia International Retrieved April 21, 2015 from http://www.colombiainternational.co/2011/05/foreigner-ownership-rights-in-colombia/ RSF. (2015). 2015 World Press Freedom Index. Reporters Without Borders. Retrieved April 21, 2015 from https://index.rsf.org/#!/index-details/COL

Analyzing the Business Environment

Business Environment The business circle resonates with two major issues in the modern world, i.e. leadership and globalization. The modern business world is continuously reshaped by globalization. It is a curious coincidence that a lot of business opportunities are emerging while the number of emerging talent that can make meaningful use of such talent is decreasing. In this scenario, therefore, it is only those who can act on the developments by recognizing the need for talent and take the front row in developing new useful talent today that are certainly tomorrow's winners. Effective and successful leaders in business make sure that their firms are flexible and adaptive. They also maintain a network and minimize the hierarchy ghosts. They generally seek better service delivery. Leaders should prioritize such matters as tapping talent, authenticity, business evolution and revolution and sustainability. Successful leadership clearly outlines quotients, gives its teams direction and what it takes to…...

mla Works Cited Ashan, Jitu. IMPORTANCE OF ISO & WRAP IN APPAREL INDUSTRY. 18 September 2013. Web. 11 May 2016. Chand, Smriti. 7 Most Influential Factors Affecting Foreign Trade. 2015. Web. 11 May 2016 Gittell, Ross, Magnusson, Matt and Merenda, Michael. "Government, Public Policy, and Sustainable Business." Ross Gittell, Matt Magnusson and Michael Merenda. Sustainable Business Cases. Flat World Knowledge, 2013. 99-140. PricewaterhouseCoopers. "How leadership must change to meet the future." 2008 March. PricewaterhouseCoopers. Web. 12 May 2016.

Sainsbury's Business Environment Mission Vision Objectives Goals

Sainsbury's Business Environment Mission, vision, objectives, goals and core competence Sainsbury's chain of supermarkets is the leading store of food retailing in Britain. A single store offers approximately thirty-two thousand varieties of products among them fresh produce and own brand comprising of fifty percent total products. A variety of grocery products and quality foods are sold by the chain of supermarkets. Additionally, they offer other services and products such as petrol stations, restaurants, coffee shops, pharmaceuticals, home ware, clothing, fish, meat, and bakery. The company emphasizes on the mission of "ensuring Sainsbury regains its greatness" (Comim & Qizilbash, 2008). Following this mission, the firm has established the following goals: Delivering a regularly improving the experience of quality shopping to clients at fair prices for great products Exceeding customer expectations for tasty, fresh, safe and healthy food to help ensure customers' lives are easier every day The core values of Sainsbury include: I. To get better every…...

mla References Browne, D.J. (2011). Heinemann business studies for AS level. Oxford: Heinemann. Comim, F. & Qizilbash, M., (2008). The capability approach: Concepts, measures and applications. Cambridge [etc.: Cambridge University Press. Dransfield, R. (2010). Applied business: AS level for OCR. Oxford: Heinemann. Dransfield, R., & Needham, D. (2005). Applied business: AS level for OCR. Oxford: Heinemann.

Wal Mart's Business Environment When Most People

Wal Mart's Business Environment When most people think of Wal Mart, they will often associate it with the various stores around the globe. This has helped the company to establish a major presence inside the retail marketplace. However, the challenges with the economy and competitive pressures have been impacting the business environment of the firm. To fully understand what is taking place there will be a focus on: the company's financial information, what was learned, how this can be used by management, the firm's financial health, the effects of globalization, examining benchmarks, the best practices, operational and products analysis. Together, these different elements will highlight the strengths and weaknesses of the firm. ("2012 Annual eport," 2012) eview Wal Mart's income statement, balance sheet, and cash flow to determine the financial health of the company. Wal Mart is in a strong financial position in contrast with their top competitors. The company has more revenues,…...

mla References 2011 Annual Report. (2011). Target. Retrieved from: https://corporate.target.com/annual-reports/2011/images/company/annual_report_2011/documents/Target_2011_Annual_Report.pdf 2012 Annual Report. (2012). Wal Mart. Retrieved from:   http://www.walmartstores.com/sites/annual-report/2012/WalMart_Financials.pdf  Annual Report 2011. (2011). Costco. Wal Mart Black Friday. (2012). Examiner. Retrieved from:   http://www.examiner.com/article/walmart-black-friday-2012-sales-ad-reveals-early-thanksgiving-opening-time

Challenges in the Global Business Environment

Global Business Environment AT&T Inc. Code of Ethical Conduct and the Telecommunications Industry Over centuries, one of the most challenging circumstances for pronounced businesses has been on the "management of global organizations." Many companies have recognized these challenges and relate them to the creation of long-term sustainability developments. Companies also relate the challenges to market growths, technological advancements, resource utilization, as well as human rights and resource management. Their basic assumptions and experiences have centered on the increment of their competitiveness and attractiveness, through integration of sustainability efforts in order to construct a firm base for best financial outcomes. Several researches conducted by economic analysts reveal that such challenges are majorly triggered by unethical business practices, taut competition among businesses, and failure in embracement of technological advancements. This paper closely analyses the AT&T's code of ethical conduct as one of the strategies put forth to help deal with the existing global…...

mla References Jefferson, D. (2011). The U.S. Securities and Exchange Commission: L-3 Commissions holdings Inc. American Economic Technologies, 21(3), 43-54. Leyden, J.L. (2009). The Verizon Communications Inc.: Brief profile and code of conduct. International Business Journal, 23(9), 105-117.

Company Federal Mogul Business Environments Domestic &

company Federal Mogul business environments (domestic & international) business theories applied environments. Make environments included. Include a summary environment. Then analyze environment collectively incorporating business theories Federal Mogul Company The company's activity is influenced by the internal and external environments. The external environment is represented by the economic, social, technological, political, legal, and environmental factors, customers, employees, managers, suppliers, owners, the government, the community, and others. The internal environment is represented by financial, technical, and human resources. The External Environment The Economic Environment Federal Mogul's activity is significantly influenced by the economic situation on the domestic and international markets. The importance of this environment is reflected in the opportunities and constraints it determines (Business Dictionary, 2011). The economic environment is characterized by the structure of economic activity, the level of development, unemployment rate, and others. These factors are directly or indirectly reflected in the market situation. They determine the volume and structure of the…...

mla Reference list: 1. Kew, J. & Stredwick, J. (2005). Business Environment: Managing in a Strategic Context. Chartered Institute of Personnel and Development. Retrieved August 28, 2011 from   http://books.google.ro/books?id=RjS5XTQPnCEC&printsec=frontcover&dq=business+environments&hl=ro#v=onepage&q=business%20environments&f=false . 2. External Environment (2011). Business Dictionary. Retrieved August 28, 2011 from   http://www.businessdictionary.com/definition/external-environment.html . 3. Goldman, G. (2006). Strategy: Sustaining Competitive Advantage in a Globalized Context. Retrieved August 28, 2011 from   http://books.google.ro/books?id=gTqx36CzB88C&pg=PA46&dq=business+internal+environment&hl=ro#v=onepage&q=business%20internal%20environment&f=false .

Internal and External Business Environment of Two

internal and external business environment of two fast food giants, McDonald's and KFC. The major sections of the paper include introduction to the companies; the competitive analysis of the fast food industry using five forces model; the Balanced Scorecard and SWOT analysis of the companies; and a set of recommendations in the light of these analyses. The purpose of this paper is to present an analysis of the Global fast food industry using Michael Porter's Five Forces Model and then evaluate the past, current, and projected performance of two companies from the industry using Balanced Scorecard approach. The paper also presents SWOT analysis of the companies and recommends strategies which can help them in moving forward in the industry in a more competitive and profitable way. The companies selected for this research paper are McDonald's and KFC which are the top market leaders in the Global fast food industry. McDonald's…...

mla References About McDonald's, (2011). Sustainability Scorecard. Retrieved on March 27th, 2013, from Birn, R. (2004). Effective Use of Market Research: How to Drive and Focus Better Business Decisions, 4th Edition. London: Kogan Page Blythe, J., & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall Ellwood, I. (2002). The essential brand book: over 100 techniques to increase brand value. 2nd Edition. London: Kogan Page

International Business Environment My Firm's Acquisition You

International Business Environment My Firm's Acquisition You write a (4-8) page report answers: • As a CEO, acquire a foreign firm. The size firm double, largest industry. What firm foreign firm acquire ? Where firms based? •You enthusiastic opportunity a leading captain industry power, prestige, income. Greys Technological Company Acquisition Grey Technological Company (GTC) is a corporation with interests in Information Technology and Telecommunications (IT&T) and Business Process Outsourcing (BPO) located in the United States. It is one of the leading technological firms, which manufactures and exports IT&T products. For over 15 years, we have been selling these products, in the central and northwest regions of the United States. During the initial seven years of our business, we have succeeded in expanding globally in Argentina, Mexico and Chile. The target company is a foreign IT firm that located in India that has interests in Online Computer Games (OCG). They are a group of internationally…...

mla References Javidan, M. (2006). Mergers and acquisitions: creating integrative knowledge. New York: Wiley-Blackwell. Mendenhall, M.E. (2005). Mergers and acquisitions: managing culture and human resources. London:Stanford University Press.

Analyzing India's Business Potential

1. Part I: Study objectives Although the objective for this study is singular, it encompasses multiple dimensions. Comprehensively, it seeks to examine the role of business management within contemporary India. Therefore, the notion of management is couched within the modern business climate in India. India has always had a bevy of unique characteristics that substantially affect its workplace environment. This study seeks to stratify many of those characteristics and analyze them within the greater context of business management within this country. More specifically, then, this study will identify the most salient factors of the business environment in India. These include factors such as those pertaining to politics, economics, ethics, legality, culture, and society. By assessing each of these factors as they relate to the country, the author of this study hopes to attain an overview of the various resources which business managers will have while engaged in this country. Simultaneously, this resource should…...

mla References Iyengar, R. (2017). India\\'s economy in \\'downward spiral.\\' What did Modi get wrong? Retrieved from 2017/10/04/news/economy/india-economy-modi-slowdown/index.html?iid=EL Kumar, N., Wu, H. (2017). Indian Prime Minister faces growing criticism as economy bites. http://edition.cnn.com/ Retrieved from http://edition.cnn.com/2017/09/29/asia/modi-indian-prime-minister-criticism-economy/index.html?iid=EL The Economic Times. (2017). India Inc feels doing business in India getting easier but land an issue. https://economictimes.indiatimes.com/ Retrieved from https://economictimes.indiatimes.com/news/economy/indicators/india-inc-feels-doing-business-in-india-getting-easier-but-land-an-issue/articleshow/61784764.cms The World Bank. (2017). Ease of doing business in India. www.doingbusiness.org/ Retrieved from http://www.doingbusiness.org/data/exploreeconomies/india#starting-a-business Thenmozhi, M. (2017). Approaches to management. http://nptel.ac.in/ Retrieved from http://nptel.ac.in/courses/IIT-MADRAS/Management_Science_I/slides/1_3s.pdf World Population Review. (2017). India population 2017. http://worldpopulationreview.com/ Retrieved from http://worldpopulationreview.com/countries/india-population/ http://money.cnn.com/

JAKKS Pacific BUS599 Module 1

1. Introduction Founded by Jack Friedman, JAKKS Pacific “designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products” (Reuters, 2018). The company’s current CEO is Stephen Berman. Being a licensee to a number of well-known trademarks including, but not limited to, Nintendo and Star Wars, JAKKS Pacific remains a key player in the toys and related products marketplace. 2. JAKKS Pacific Vision and Mission The mission statement of the company highlights three areas of relevance – the development of products that not only bring about fun, but also encourage interaction and promote learning. The mission of the company is stated as: “JAKKS engages children in creative play with products that encourage learning and interaction, and most importantly – fun!” (JAKKS Pacific, 2018). The company’s vision statement, in addition to indicating the entity’s ambition, also provides a framework…...

mla References Business Wire. (2016). JAKKS Pacific Acquires C’est Moi™ Professional Skincare and Performance Makeup Brand. Retrieved from Hasbro Inc. (2018). Hasbro: Brands. Retrieved from https://www.hasbro.com/en-us/ Hill, C. & Jones, G. (2012). Strategic Management: An Integrated Approach (8th ed.). Mason, OH: Cengage Learning. JAKKS Pacific. (2018). Jakks Pacific. Retrieved from https://www.jakks.com/ Marvel Entertainment. (2018). Marvel. Retrieved from http://marvel.com/ Mattel Inc. (2018). News Room. Retrieved from https://news.mattel.com/ Moyer, R.C., McGuian, J.R. & Rao, R.P. (2017). Contemporary Financial Management (14th ed.). Belmont, CA: Cengage Learning. Reuters. (2018). JAKKS PACIFIC Inc. (JAKK.O). Retrieved from https://www.reuters.com/finance/stocks/financial-highlights/JAKK.O https://www.businesswire.com/news/home/20161017005224/en/JAKKS-Pacific-Acquires-C%E2%80%99est-Moi%E2%84%A2-Professional-Skincare

What is the Agency of Diversity Management

The Agency of Diversity Managers in Organizational Change The article by Tatli and Ozbilgin (2009) identifies three concepts that are essential for understanding the diversity manager’s agency in the organizational change process: these concepts are 1) situatedness, 2) relationality, and 3) praxis. This three-dimensional conceptual framework used to chart the manager’s agency embeds it “in the process of organizational change” (Tatli & Ozbilgin, 2009, p. 247). This paper will provide a synopsis of the article by Tatlie and Ozbilgin (2009) and describe the authors’ conceptual framework in detail and discuss the three concepts used to develop a deeper understanding of the agency of diversity managers in organizational change. Tatli and Ozbilgin (2009) state that “in our framework, social field of diversity management refers to three historically formed structures at the social level: cultural and demographic dynamics in the labour market; institutional structures regarding diversity and equality (legislation and institutional actors); and the…...

mla References Tatli, A., Ozbilgin, M. (2009). Understanding diversity managers’ role in organizational change: Towards a conceptual framework. Canadian Journal of Administrative Sciences, 26, 244-258.

Business Environment There Are Differing

There has been little in the way of fiscal policy, and the result has been entirely predictable. ith no particular influx of spending into the economy, the recovery has generally been quite weak. ith no fiscal policy tools on the horizon, it is therefore unlikely that any improvement to the recovery will take place. International business is also an option for a company to improve its situation. If a company wants to sell, for example, running shoes, it has a number of options for this. The company could make the shoes in one country and sell them around the world. The company could also make the shoes in a number of different countries for local sale. It is recommended that the country should take advantage of economies of scale and produce in one country. Then, the company should sell the shoes all over the world. It can use local help…...

mla Works Cited: World Economic Forum (2013). Global agenda council on the role of business. World Economic Forum. Retrieved May 5, 2013 from   http://www.weforum.org/content/global-agenda-council-role-business-2012-2013  Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine Retrieved May 5, 2013 from   http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html  Labonte, M. (2013). Federal Reserve: Unconventional monetary policy options. Congressional Research Service. Retrieved May 5, 2013 from   http://www.fas.org/sgp/crs/misc/R42962.pdf

Business Environment the Growth of

UK National Environment In UK, the allocation of resources is purely based on the forces of demand and supply. This form of economy is a free economy in which competition is embraced and firms have to become efficient to increase their level of competitiveness. The government only intervene to provide the necessary infrastructure and to ensure that consumers are not exploited by the businesses. Besides, the government will formulate policies that ensure fair competition and collect revenues for the country development agenda. With these, businesses must ensure that they operate within the law and abide by the regulations that are set by the state. Barr Company can therefore conduct business in a competitive industry without government interference on what form of business to do or the amount of prices to charge on their products. The management has large latitude of choice to make on how to produce, what to produce, and…...

mla References 2003. Soft drinks in the UK, London, Euromonitor. A.G., B.P.L.C. 2012. a.G, Barr plc financial results 2012 [Online]. Available:   http://www.agbarr.co.uk/agbarr/newsite/ces_docstore.nsf/wpg/1B9A74B86C552270802579CD00485134/$file/Final%20results%20announcement%20January%202012.pdf . AGRAA, a. 2007. The European Union: economics and policies (8th ed.), Cambridge, Cambridge University Press. BOTHA, a. & KOURIE, D. 2008. Coping with continuous change in the business environment:knowledge management and knowledge management technology, Oxford, Chandos Pub.

My teacher suggested focusing on microeconomics concept in microeconomics analysis in hsbc bank. Any essay topics that align with this guidance?

1. The impact of supply and demand on interest rates in HSBC Bank 2. The role of elasticity in determining pricing strategies in HSBC Bank 3. The concept of opportunity cost in investment decisions at HSBC Bank 4. The influence of market structure on competition and pricing in HSBC Bank 5. The effects of government regulation on the banking industry and HSBC Bank specifically 6. The relationship between marginal utility and consumer behavior in the banking sector, with a focus on HSBC Bank 7. The concept of economies of scale and how it applies to HSBC Bank's operations and growth strategies 8. The principles of cost-benefit analysis....

what are the importance of business statistics in an organisation?

1. Data-driven decision making: Business statistics provide organizations with quantitative data that can be used to make informed decisions. By analyzing data on market trends, customer behavior, and operational performance, organizations can make strategic decisions that are based on evidence rather than intuition. 2. Performance measurement: Business statistics allow organizations to track their performance over time and compare it to industry benchmarks. By measuring key performance indicators (KPIs) such as revenue, profit margins, and customer satisfaction levels, organizations can identify areas for improvement and set goals for future growth. 3. Risk management: Business statistics can help organizations identify potential risks and opportunities....

example of a reflective essay about accounting theory?

Reflective Essay: Accounting Theory Accounting theory is an essential part of the accounting profession as it provides a framework for understanding and interpreting financial information. Throughout my studies in accounting, I have learned about various accounting theories that have significantly influenced the way financial transactions are recorded and reported. In this reflective essay, I will discuss my thoughts and insights on accounting theory and its relevance in the field of accounting. One of the accounting theories that I found most intriguing is the Positive Accounting Theory. This theory suggests that accounting practices are developed based on the self-interest of individuals or organizations.....

Could you guide me in selecting essay topics that cover corporate level strtaegies of nestle?

1. The Evolution of Nestlé's Corporate Strategy: A Historical Analysis Trace the evolution of Nestlé's corporate strategy from its inception to the present day. Analyze the key factors that have driven strategic changes, such as market conditions, technological advancements, and regulatory shifts. Evaluate the effectiveness of Nestlé's past strategies in achieving its business objectives. 2. Nestlé's Global Expansion through Acquisitions: A Case Study Examine Nestlé's extensive history of acquisitions as a key element of its corporate strategy. Analyze specific case studies of major acquisitions, highlighting the strategic rationale and outcomes. Evaluate the risks and rewards associated with Nestlé's acquisition-driven growth strategy. 3.....

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The Legal Environment of Business Essay

Introduction, business laws, formalities, property law.

As the VP for Risk management, I would like to encourage and advise the board on the steps and measures they can introduce in the DWI Company to reduce or minimize the risk and liability.

Risk refers to the possibility of an unfortunate occurrence; it can also be defined as the unpredictability brought about by the tendency that occurs as a result of hazards. Liabilities refer to the amount of credit that the organization or the company owes. For risk and liabilities to be well monitored and reduced in a company business law must be implemented by all the companies’ boards, who should also involve the entire subordinate group.

Business laws are branched into civil, private, and public laws. They can be used in the DWI company to assist in the regulation of employment-related practices, corporate contacts, and sales of goods and purchases.

The company acquires an independent legal status that is controlled by the subscribers or the shareholders by using their shares; however, they benefit in any capital appreciation of the company winding up. This is enhanced by the independence and the power to act according to the shareholder’s approval.

The company should take a consideration of the valid trust which refers to the legal and beneficial ownership of property. A trustee holds the property on trust for beneficiaries or recognized persons. The law ensures that the company’s property is secured and remains safe for the owners to base their equities on.

The company may intend to create a trust that is long-term hence should be honored for a long period. The members and all its competitors should comply with the statutory provision requiring a declaration to be made and evidenced by certain formalities.

The law is concerned with the relationship of persons towards material objects. In nature, the extent of a legal power enjoyed by a person on a property depends on the kind of legal right held by that person. The law if well incorporated in the company it will ensure that its property remains to save even after getting in contracts with other organizations.

In conclusion, the DWI Company’s environment, oil and energy, communication, leisure or recreation, and real estate’s departments are stable and all make freehold profits if the business laws are followed and exploited.

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