Description
A major goal of the course is to help you develop the ability to identify situations where legal issues could arise so that you can make informed decisions and effectively manage risk in the business world. To develop this “issue spotting” skill, you must maintain a mindset of legal awareness. This requires you to think about concepts studied in the course outside of the classroom.
For this assignment, find one article online that relates to a topic we have studied in this course. The article should expand on a topic discussed in class and provide a useful example of how the law impacts business activities and individuals. You can use any reliable online source for your article. You can use news websites such as cnn.com or wsj.com, websites like insidecounsel.com, or even blogs.
Your response should include the following elements:
- A link to the article you found;
- A brief overview of what your article is about (summarize in your own words; do not copy and paste from the article);
- A discussion of how the article relates to class; and
- Why you think the article is important or helpful to future managers, entrepreneurs, or others in the business world.
Explanation & Answer
Attached.
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Running head: BUSINESS REGULATIONS
Business Regulations
Student’s name:
Professor’s name:
Course;
Date:
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Running head: BUSINESS REGULATIONS
Introduction
Van Stel, Storey, & Thurik, (2007), state that the government policies have a great
impact on the routine ventures of various business units. Such laws may either be imparted to
the franchises by directives or through the parliamentary implementation. The regulatory
statues may either affect the enterprises negatively or positively. Since government
regulations fall under the external environment of the businesses, the corporations should
structure their internal operational modules to match with the laws. Examples include
changing the selling price, shifting to producing alternative products or services, relocation to
other regions, and opting for enhanced technology, among others (Ambec, & Barla, 2006).
To understand the changes that occur after a change of rules and regulations and how they
directly affect human resourc...
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