StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Business Law: The Good, the Bad, and the Ugly - Essay Example

Cite this document
Summary
Legal Environment of Business involves the fundamental regulatory legal and policy parameters that define, encourage, promote, and limit business activities. In this case, it covers an evaluation of how the legal framework of a given country regulated activities around business…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
Business Law: The Good, the Bad, and the Ugly
Read Text Preview

Extract of sample "Business Law: The Good, the Bad, and the Ugly"

Appropriate legal Parameter BA 381 5/17 Appropriate legal Parameter Legal Environment of Business involves the fundamental regulatory legal andpolicy parameters that define, encourage, promote, and limit business activities. In this case, it covers an evaluation of how the legal framework of a given country regulated activities around business enterprises so as to help achieve individuals’ and states’ goals. These parameters have been put in place to establish boundaries within which legal entities operate.

And as such, business owners are supposed to equip themselves with knowledge on policies and laws that govern a given area. An Appropriate legal parameter is that one the government adopts in order to primarily protect business enterprises. These laws are formulated to make sure that the interests of each firm are taken into consideration. This means that the laws are not a disguise to frustrate business organizations and to inappropriately infringe the rights of companies. It is important to note that the main aim of a business is to earn profit.

In order to maximize the profit, entities have to keep on investing and expanding their entities. In this case, appropriate legal parameters are the ones that encourage investors to keep on investing in a particular country. These laws that are considered to be appropriate to business should be enacted to achieve common goals for the business. They include those that protect the business from unfair competition from other counties. As such, the government should pass laws that limit the amount of import of a certain commodity that is mostly manufactured locally.

In addition, these appropriate parameters should shield companies from unfair tax regime and other levies charged on businesses. Still, appropriate laws need to lower interest rates so that business can access credit facilities for expansion. By doing this, the state will be encouraging existing investors to expand and probably more and more will come. Lastly, the government should ensure that all laws are properly engineered to ensure that incidences of political instability do not happen. Notably, government instability is a main cause of low investment in a given country.

Good laws are those that are enacted for the common good of the largest group of individuals. In this case, majority of the governed should find the law favorable and the one that will solve most of their problems. In terms of business organization, good laws should work to protect their investment interest. It should reduce taxation and simplify the documentation procedure of operating a business. In addition, it should protect the entrepreneur from fraudulent deals and so forth. Another good law is the one that protects the local currencies from inflation.

In this case, importers of raw materials and other goods of trade are protected from the effected of expensive foreign currencies.Bad laws are those that are less popular among the governed. If the majority of the people do not agree with the law and does not obey or contribute to its enforcement is a bad law. In terms of business, bad laws are unpopular as all what they do is to increase corporate tax, makes documentation procedure laborious and frustrate the business community. However, some laws that increase tax can be beneficial to the local companies.

For example, a law that increases tax on imports is good for the local companies as they will be protected from superior competition.Values that are characteristics of good laws include fairness, equity and predictability. In this case, all laws that are moved by the government should help in enabling equity and fairness. In addition, it should never take the governed by surprise. They should be able to discuss its applicability without being imposed to them. if the law fails to meet these criteria, then it is a bad law, Pathak (2008).

The legal environment of business refers to the code of conduct that defines the legal boundaries for business activity. To understand these boundaries, it is essential to first have a basic understanding of the law and how it affects businesses and business practices. The nature of business spans over a number of legal realms, all of which are continuously influenced by the needs and demands of the business community, consumers, and the government. Each has a distinct stake and voice in this vibrant legal environment.

The legal environment of business refers to the code of conduct that defines the legal boundaries for business activity. To understand these boundaries, it is essential to first have a basic understanding of the law and how it affects businesses and business practices. The nature of business spans over a number of legal realms, all of which are continuously influenced by the needs and demands of the business community, consumers, and the governmentThe legal environment of business refers to the code of conduct that defines the legal boundaries for business activity.

To understand these boundaries, it is essential to first have a basic understanding of the law and how it affects businesses and business practices. The nature of business spans over a number of legal realms, all of which are continuously influenced by the needs and demands of the business community, consumers, and the governmentThe legal environment of business refers to the code of conduct that defines the legal boundaries for business activity. To understand these boundaries, it is essential to first have a basic understanding of the law and how it affects businesses and business practices.

The nature of business spans over a number of legal realms, all of which are continuously influenced by the needs and demands of the business community, consumers, and the governmentThe legal environment of business refers to the code of conduct that defines the legal boundaries for business activity. To understand these boundaries, it is essential to first have a basic understanding of the law and how it affects businesses and business practices. The nature of business spans over a number of legal realms, all of which are continuously influenced by the needs and demands of the business community, consumers, and the government.

Each has a distinct stake and voice in this vibrant legal environment.ReferencePathak, R., (2008). Company Law:2nd Ed. New Delhi: Atlantic Publishers & Dist

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Law: The Good, the Bad, and the Ugly Essay”, n.d.)
Business Law: The Good, the Bad, and the Ugly Essay. Retrieved from https://studentshare.org/business/1694761-business-law-the-good-the-bad-and-the-ugly
(Business Law: The Good, the Bad, and the Ugly Essay)
Business Law: The Good, the Bad, and the Ugly Essay. https://studentshare.org/business/1694761-business-law-the-good-the-bad-and-the-ugly.
“Business Law: The Good, the Bad, and the Ugly Essay”, n.d. https://studentshare.org/business/1694761-business-law-the-good-the-bad-and-the-ugly.
  • Cited: 0 times

CHECK THESE SAMPLES OF Business Law: The Good, the Bad, and the Ugly

Group Leadership and Reflection

The Good, bad and the ugly of Capitalism 1.... On the other hand, Goldman Sachs represents the bad and Ugly side of Capitalism.... Rationale for the Article The article The Good, bad and Ugly of Capitalism is written by Joe Nocera and published in the New York Times on 16 March 2012.... In this article, Starbucks represents the good side of capitalism.... Do you think this article is another attempt at bad publicity of the corporate culture of a successful company such as Goldman?...
3 Pages (750 words) Assignment

The image of hip hop

ip Hop culture, in itself, is not good or bad.... How the artist and the audience uses it, makes it good or bad.... Hip Hop is an example of good effort gone wrong.... It can shock you and can drive you crazy with shame, with reality and with responsibility....
5 Pages (1250 words) Essay

Starting a Business in Brazil

I will have to spend extra money to find good accountants and lawyers to help me out.... he legal system in Brazil is based on civil law.... For the purposes of this essay, I intend to open up a logging business in Brazil.... The current President Luiz Inácio Lula da Silva is a leftist, but he is also friendly to business.... The system is not very efficient and this is something to take into account when starting a business in Brazil....
4 Pages (1000 words) Essay

Why Online Education Is Bad

This research paper discusses why online education, otherwise known as e-Learning have more weaknesses than strengths today.... The researcher also weighs the consequences of getting online education and proves that it does have adverse results that are stressful and difficult.... hellip; Virtual Learning Environment or VLE have multiplied today to include Computer Assisted Instruction, Computer Based Training, Computer Managed Instruction, Integrated Learning System, Learning Management System, Technology Based Learning, Technology Enhanced Learning, Web Based Training, and On Demand Training....
11 Pages (2750 words) Research Paper

Are patents good or bad for Economics

The article named ‘The good, the bad and the ugly' has explained the traits of urge towards innovation in Britain.... But granting patents always keep the government on the safe side with because they can control the innovation and invention, be it good or bad.... The historical data shows that patents have always produced good results for the economy.... he article establishes that for upgrading the economic growth, governments provide good reason to promote innovation....
4 Pages (1000 words) Term Paper

The Good, the Bad, and the Ugly of Corporate Social Responsibility

The essay “The Good, the Bad, and the ugly of Corporate Social Responsibility” will investigate contradiction between 'good' management and its 'bad' ethical demonstration.... In fact, the scope of literature does not include data that is relevant for all the businesses and touches the dilemma between 'good' and 'bad' solely within corporate management.... In this context, the fact that capitalism serves as a preliminary condition of contemporary corporations' appearance leads to the misunderstanding between 'good' management and 'bad' ethics....
9 Pages (2250 words) Essay

Why Some Employers Are Reluctant to Address the Issue on Workplace Bullying

nbsp; A good complaint resolution scheme should include an option for the employee to talk directly to the bully with or without mediation.... The author concludes that to prevent bullying in the workplace, the organization should institute measures that will prevent the abuse of power in the workplace....
10 Pages (2500 words) Term Paper

The Function of Beauty in Contemporary Society

hellip; The author states that the TV sitcom ugly Betty shows the life of a girl faced with problems due to the community's hostile attitudes toward those they deem ugly.... Studies have revealed that good looking learners get good grades from their tutors than those with a normal appearance (Stephanie 62).... nbsp;This, sometimes even happens when the unattractive individual might even have good skills than the beautiful person....
5 Pages (1250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us