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Environmental Regulation and Protection - Essay Example

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Name of student: Topic: Lecturer: Date of Presentation OUTLINE CONTENT PAGE Introduction 2 Environmental regulations and protection 2 Consumer protection 3 International trade regulations 3 Employment laws 4 Competition regulations 5 Conclusion 5 References 6 Introduction The analysis of the external environment is crucial for businesses in determining the potential opportunities and threats which help in formulating strategic plans…
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Environmental Regulation and Protection
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Download file to see previous pages The political factors include; environmental regulation and protection, consumer protection, international trade regulations, employment laws, taxation, and competition regulations among others. Environmental Regulation and Protection The government through Environmental Protection Agency imposes various rules and regulations to protect the environment. These rules impact on businesses directly especially the manufacturing industries which are high pollutants of environment. Moreover, customers are nowadays buying products from green companies who are environmentally friendly thus putting pressure on businesses to go green (Robbins & Coulter, 2009).Those businesses who have not appreciated green strategies thus risk losing their businesses. The New South Wales Department of Environment and Climate Change (DECC) is the body concerned with environmental regulation through Protection of Environment Operations Act (PEOA) of 1997. Businesses are supposed to acquire licenses and carry out environmental training for the staff. Strict penalties and fines are applied to those individuals and businesses that contravene the law and pollute water, air, land and for improper waste management. The organization thus needs to continuously update itself on environmental laws to avoid prosecution. For example, a copper manufacturer was fined $28, 000 for causing toxic overflow in Sydney (NSW, 2011). Fernando (2010) argues that businesses should convert environment issues to their own advantage. Those businesses who protect the environment earn themselves a good reputation. Others engage in continuous innovations hence improving the environment as well as the business. Businesses also are forced to use environmentally friendly product and packages and also processes and these are cost effective. For example, McDonalds was forced to use recycled materials in packaging and transport by customers. Consumer Protection The government has the responsibility of protecting consumers form uncouth businessmen through various measures such as setting quality standards, safety standards and ensuring efficient distribution of goods and services (Fernando 2010). Sometimes, businessmen carry out extensive advertisement of products thus attracting buyers but the goods may be substandard. It is the role of government to ensure all relevant information is put on labels to avoid such instances. It also enforces regulations such as those stipulated on standard weight and measures Act, consumer protection Act among others. Such rules impact on the business as it is required to change its advertising techniques as well as pricing. For example, a government control on cigarettes may force businesses to close or lower production. In India, the Essential Commodity Act of 1955 allows the government to declare any commodity as essential hence control its production and distribution (Fernando, 2010). International Trade Regulations Most countries have opened their borders to free trade but sometimes, they enforce trade restrictions to protect critical industries from competition. Most countries have also entered into trade agreements with trading partners and these agreements form basis for international trade rules. For example, World Trade Organization (WTO), North America ...Download file to see next pagesRead More
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