2.49 Business
Sustainability
Critique
the role that regulation plays in encouraging business sustainability. In other
words, assess whether you feel the government should regulate to protect the
environment and society’s needs or whether companies would do the ‘right thing’
anyway. In your answer define textbook solutions and business sustainability. Give your
opinion as to whether existing legislation such as workplace health and safety
and industrial relations (such as award wages) are necessary or just an extra burden
on business that destroys efficiency and productivity.
textbook solutions is about making
decisions for the long term benefit of the business, environment and society.
Government regulation helps promote behaviour and outcomes deemed valuable by
that society. Regulation is used when business and citizens may act differently
to what is generally good for society. It is not only useful in trying to
promote the good of society as a whole, but also to protect minority rights or
aspects of life that could not protect themselves. The environment is a good
example of this. No one person or entity owns ‘ textbook solutions ’. Legislation
surrounding land ownership and rights to use land have been available in some
shape or form for centuries. Water rights have been given greater legislative
status over the last century. Given the shortage of water and its flows from
one country to another over large continents the debate over water rights will
no doubt increase over the next century and international organizations may
increase calls for agreement over such rights. However, the atmosphere has not
in the past been valued or traded. Yet high polluting entities may affect the
lives of others not economically benefiting from the production of the
polluting entity. So regulation over carbon emissions in the environment (by
taxing it or through carbon trading) is one way the government can help promote
acceptable behaviour. Some entities may have been concerned about the effect
their test bank shop processes have on aspects of the environment and some may not.
Through regulation the value of the atmosphere to all of society can be
promoted.
One aspect of the debate test bank shop the issue
of regulation is the short and long term horizons. Most entities report on the
short term performance of the entity and most people consider their short term
wants and needs over the consideration of long term outcomes. In the short
term, the cost of implementing workplace, health and safety policies and
processes may cause a significant cost to the entity. Many entities may not
have implemented some WH&S processes or equipment due to the immediate cost
of doing so and have been forced to by legislation. Likewise, the regulation of
minimum wages protects the community from entities willing to take advantage of
those not in a position to negotiate their own payment.
(a) The gift of golf clubs may not be seen as
normally commensurate with acceptable social/business behaviour and could be test bank shop that you may compromise your integrity, objectivity and independence.
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