P1 Explain The Impact Of Legislation And Standards In A Business

There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

Legal and regulatory compliance- all businesses must follow all the laws and regulations that have been set because if they do not agree to following the rules they would not be running the business ethically. Every organisation must be truthful to their customers and provide them with the correct information about the product and also not overcharge them for any of their

Compliance with legislation. Ensure safety of customers, contractors and staff at all the times. The enjoyment of these standards at the highest levels is a basic human right that should be accessible by each and every worker. Regardless of the nature of their work, workers should be able to

At the heart of legislation is the recognition that everyone has a responsibility for health and safety in the workplace.

Read "Why Manufacturing Matters" (pg. 14) and submit written responses to Questions 1 & 2.

Take in and implement better technologies immediately as soon as they have availability, regardless of whether or not there are organisations using them beforehand

Analyse how legislative and regulatory frameworks inform quality standards that apply to the work setting.

Having a backup of data is important because if the data becomes corrupted or lost you will have it copied and stored so that you will still have it in future for if something goes wrong.

Telephone – A telephone maintains a few different features rather than just receiving and making calls. At work the phones that we use are often different to

Legislations and regulations are essential to have and follow in the working environment, it ensures safe practice for the workers and safety, protection and stability to people that are in their care.

In the case of Anthony, a New Jersey resident and owner of a waste disposal company in the state of New Jersey, and his two business associates, Paul and Silvio, whom suffered severe injuries due to a motor vehicle accident caused by a negligent truck driver; they have great standing to sue against the neglectful driver and the company associated with the ownership of the vehicle. Regardless of the diversity of their residency/ citizenship, the affected party can proceed to sue the corporation responsible for the damages caused by their staff and property; reason being that they are protected under the Constitution’s diversity of citizenship, and the privileges and immunities clause. Furthermore, these two constitutional clauses in addition to the commerce clause, dictate the court that the matter needs to be brought to.

| The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder, they can get information by advertisements and even check their annual report on the businesses website.

Sesamware is a Japanese software company which is very popular for open source software. Sesamware got international approval with an online multiplayer fantasy dimension game, Para World in mid-1990. Para world was very popular in the world between 2001 and 2004. Firstly, it was installed as part of the bundle downloaded by hundreds of millions of gamers around the globe. The open source code helped to easily adapt every facet of computer life for all platforms and operating, networking, navigation and security systems.

One of many things than any manufacturing company will have to worry about is the possibility of producing defective products. If a company finds out that there have been defective products that have been produced and put out into the market it would be in their best interests for the company itself to find out first instead of their consumers. When consumers are the ones to notice first about the defective products, it can make news and the trust and credibility of the company can or will be lost. A few prime examples were when Firestone made headlines about producing defective tires and Toyota made headlines about their vehicles having a bad brake system. The last example would be Microsoft when it came down to their

A loss of brand reputation occurs from many different potential sources, but can be managed and mitigate through appropriate steps before and after any potential incidents that could affect the company 's brand. It is vital to employ rigorous quality control monitoring, in order to ensure stock meets regulation and public safety expectations of the market. Failure to monitor the quality of stock can result in poor quality goods, or even unsafe goods being sold and associated with the company name. Following up on quality control management, with distributors to ensure that stock continues to meet the companies rigorous standards will protect the companies brand. Responding appropriately and swiftly to