The legal and ethical environment of business
Business environment is the combination of the factors that influence company's operating either internally or externally. This covers a variety of the issues in the business sector. It ranges from the business owner to the final consumer of the product produced. The environmental factors include clients and suppliers, competitors and owners, law and government activities, market and social trends.
Legal and ethical issues in the business are major concerns to the wellbeing of the coexistence of the mutual relationship of the players in the sector. To begin with, the disposal of the waste product and the pollution monitoring are given emphasis. The law and regulation have well elaborated much concerning the disposal strategies that each and every player in the business sector to take the responsibility of the waste.
Healthy safety in the production sector has been a concern due to its critical effect it can cause to the consumers. The government through the legislative sector has the body that deals with the welfare of the consumers. This is in conjunction with the product safety of which there are standards that the producer must meet in order to get the production license. Employment laws and the labor law have well elaboration on the coexistence of the workers and the employers. It provides the federation that controls and regulates the environment in the business sectors.
In the advertisement of the product in the media, needs to be regulated. This is to ensure that they meet the standard as the law dictates. Finally, energy consumption in the industries and the disposal procedures involved. This prevents the pollution of the environment from the emission of the non biodegradable elements.
Reference
Halbert, T., & Ingulli, E. (2012). Law & ethics in the business environment. Mason: South-Western Cengage Learning.
