Business Legal Environment

Mary McDonald, an 86-year-old woman, was frequently complaining about the high cost of maintenance of her house and high property taxes. She decided to cancel her fire insurance to reduce expenses. Mary’s daughter was aware of her mother’s concern about the property, and she took Mary to the lawyer’s office to sign some papers that would protect her mother. When Mary came to the lawyer’s office, she was advised that the paper she was going to sign was the deed to the property. Mary signed a document. Later on, when the municipal tax bill arrived, Mary McDonald was really surprised to see that the property was in her daughter’s name.

The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.

Lau, T., & Johnson, L. (2013). The legal and ethical environment of business. (1st ed., p. 11.2-11.5).

Alumina Incorporation is an USA-based $4 billion alumni maker. It operates in eight countries around the world with the USA counting for seventy percents of its sales. Situated in the fringes of Lake Dira in the state of Erehwon, Alumina Inc. has business interests in automotive components and manufacture of packaging materials, bauxite mining, etc. Alumina Inc. falls under the jurisdiction of region six of the EPA.

As businessmen, they should first be a person. As a person, they use their products to hurt another person, as if you invented a killer and kill others for you. Is it not a murder?

Undoubtedly, businesses make a statement in today’s world. Businesses affect a wide part of society from technology to food. In order for businesses to run efficiently and properly, rules must be met. Managing and working with several groups of people are not easy jobs, it takes commitment and motivation to take on various roles. In general when people make decisions, it comes from their morals, and what they consider right and wrong. A number of moral theories are behind the final decisions made in businesses.

When you look at today’s corporate environment it can be intimidating to some and full of political agenda to others it’s a dog eat dog world in cooperate America. Businesses are built on standards, policy and procedures to guide the employee to be fair and conduct business with ethical standards. In today’s business and corporate environment there are ethical company standards which all associates must follow but businesses and their representatives are not moral agents. These are two (2) of the ethics business representative follows or implement in their companies: Deontology ethics which concerned with duties and rights. Rule Utilitarian ethic which focus on the beneficial consequences of breaking the law. An associate may want to conduct business ethically and for the most part they do but to close a business deal knowing that it may affect others negatively and generate revenue for the business the company will close that deal at any cost this is an example of Teleological and Utilitarianism ethics. In Teleological ethics, the end is the most important thing, and the ends justify the means. A manager will advise an employee do whatever it takes to close on an account no matter what the cost it doesn’t matter if moral or immoral. In Utilitarianism ethical theory morally correct course depends on the greater good an example is a manager will convince a sales person to sell as much product as he/she can to keep the other associates employed and the company from closing. I

Regulatory compliance and controls: priorities that keep organizations from being sued, fired, or run out of business.

It is argued that to the degree that law mirrors a society’s minimum standard of conduct there is a significant overlap as to what is ethical and legal and as to what is unethical and illegal. There are subjects covered by the law however not related to ethics. For example the law set the left lane as the side to be driven on the road which is “keep left pass right”. Although this has been regulated to avoid havoc on the roads, the choice about which lane to be driven on is not an ethical decision as such. The prescription provided does not guide us. The ends of the law lead to the beginnings of business ethics. Nevertheless there is a grey area because what is legal may be perceived as unethical by key interest group (Peng & Meyer 2011, p82, Crane& Matten, 2010, p5-7).

In addition, the RFOA provides possible examples of factors that may be relevant to determining termination as reasonable. If the factor of termination directly affects the employer’s business, it may be justified as reasonable with appropriate evidence to back it up. Also, it will be taken into consideration if the employer provided further steps to address the problem accurately such as training, guidance, instructions, etc,. This information will strengthen the employer’s defense claim because it will show that even before termination, the problem was addressed and action was taken to help the employee prevent it from happening again. The EEOF article also stated another factor that may be considered is, “the degree of the harm to individuals within the protected age group, in terms of both the extent of injury and the numbers of persons adversely

What does John Doe, managing partner of a typical international law firm headquartered in London, think at the moment? His partners have asked him to come up with a three-year plan to strengthen the firm’s position in its home market and internationally. How to start? Times are tough, clients please themselves by putting pressure on costs, demand is stagnating, income growth is hardly recognizable, and profits are coming under pressure. Should he read any of these smart books or articles dealing with development of legal markets?

Court system in the Republic of the Hungary divides into two: 1. Ordinary courts, 2. Special courts. The ordinary courts are organized on four levels: the Judgment Boards, the Court of the Capital and the county courts, the Supreme Court of the Republic of Hungary and the last but not the least is local courts.

← Law: Regulation is enforced by government to protect passengers, the interests of society from business practices and prevent unfair competition (Kotler et al. 2009).

Chapter 1: The regulatory environment  1.1 Company and environments  Transformation ‐ combining resources to create products and services  Conversion – the process, in a regulated environment, of changing money   into  resources and products and services into money  Regulation – the rules which control behaviour  Stakeholders – individuals and groups who may affect or be affected by the  actions, decisions, policies, practices or goals of an enterprise  PESTLE – Political, Economic, Social cultural, Technological, Legal,  Environmental or Ecological    1.2 Law  Law – the total of rules at a certain point in time within a territory and or  market, which companies and stakeholders must or can implement and which  are created and enforced by

* ‘Undue influence’ defined:- Undue influence means using superior power for obtaining the consent of the person who is weak in position and physical ability.