Business Regulation Simulation Case Study

Business Regulation Simulation
An analysis of the legal issues being faced by the company, Alumina, and their past and present problems with business regulations.
# 118608 | 1,891 words | 2 sources | APA | 2007 | US
Published on Feb 10, 2010 in Business (Law) , Law (Business) , Business (Human Resources) , Environmental Studies (General)


$19.95 Buy and instantly download this paper now

Description:

This paper examines the company of Alumina and its past and present legal problems. Specifically, the paper focuses on the fact that Alumina was responsible for not meeting environmental regulations during a compliance regulation and not only remedied the problem, but implemented a top quality system that would prevent the issue from occurring again. The paper then looks at the current legal issues the company is facing. The paper also identifies the company's ethical dilemmas and possible risks and then recommends solution.

Table of Contents:
Key Facts, Regulations and Legal Issues
Values and Stakeholders/Ethical Dilemma
Internal Counsel Interview
Risk Analysis and Recommended Solution
Conclusion

From the Paper:

"The methods leading to alternative solutions for Alumina consist of conducting med-arb, arbitration or a mock trial. Of these three, the med-arb is the best solution for the company. Arbitration would be costly and may result in Alumina not gaining anything. A mock trial would also be expensive and could also result in Alumina facing a hefty compensation for their adversary. The procedure of med-arb is therefore, a competent medium that can satisfy both parties. This is because most issues can be resolved through mediation allowing for both parties to gain something; the remaining issues will be disputed in arbitration. Of the three presented solution, that of med-arb appears to be the most advantageous for Alumina. By conducting a risk analysis matrix (see table 1), the one risk that presents itself through med-arb is that of the company having to meet more demands than expected. However, through meticulously selecting both the mediator and the arbitrator, this risk can hopefully, be prevented."

Sample of Sources Used:

  • Reed, O. E., Shedd, P. J., Morehead, J. W., Corely, R. N. (2005). The legal and regulatory environment of business. New York: McGraw-Hill Companies.
  • University of Phoenix. (2007). Business Regulation Simulation [Computer Software]. Retrieved November 30, 2007, from University of Phoenix, rEsource, Simulation, MBA560 - Enterprise Risk.

Cite this Case Study:

APA Format

Business Regulation Simulation (2010, February 10) Retrieved March 05, 2021, from https://www.academon.com/case-study/business-regulation-simulation-118608/

MLA Format

"Business Regulation Simulation" 10 February 2010. Web. 05 March. 2021. <https://www.academon.com/case-study/business-regulation-simulation-118608/>

Comments