Managing Regulatory Risk Free Essay, Term Paper and Book Report
Every business faces legal liability issues, all of which must be understood, planned for, and possibly dealt with, preferably before they become a hazard to the organization. For a large corporation, or one dealing with especially sensitive or hazardous concerns, these concerns can be a significant portion of the operations of the company, using resources to provide for defense and pre-emption instead of providing the primary services or goods that the business was created to provide. While this is not an entirely negative situation, as any provider should be ensuring that its product is safe in both creation and use, the amount of effort necessary to ensure protection in most cases can seem excessive.
The first line of defense a company must define is that of the government regulations governing its enterprise. If a company is engaged in manufacturing, such as Alumina in the simulation, then there are several layers of regulation to be dealt with. OSHA regulations must be addressed, with regards to the employees of the corporation. Also, environmental regulations also deman......
Word Count: 954
Page Count: 3.8 (250 words a page / double spaced)
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