Mba560 Uop Week 3. Business Regulation

2809 words - 12 pages

Business Regulation PAGE \* MERGEFORMAT 1
An excellent paper. Good use of the Risk Analysis Matrix.Score = 12 out of 12Business RegulationUNIVERSITY OF PHOENIXENTERPRISE RISKMBA 560C. G. (PETE) HATFIELApril 14, 2008Business RegulationThe operations of big business corporations is one of the major causes of water pollution in the United States. Nearly 50% of all water used in the United States is for cooling and condensing purposes in connection with industrial activities. The resulting discharge into rivers and lakes usually takes the form of heated water, called thermal effluents. In addition to thermal effluents, companies also discharge chemical and other effluents into the nations' ...view middle of the document...

The PAH (Polynuclear Aromatic Hydrocarbons) concentration in the test was above the prescribed limit. A clean up was ordered by the EPA, to which Alumina complied promptly. The subsequent environmental audit reported the violation as "corrected" (University of Phoenix, Week Three, rEsource. Enterprise Risk Web site). The Clean Water Act, passed by Congress in 1972, is administered primarily by the states in accordance with EPA standards. Alumina falls under jurisdiction 6 of the EPA. The Clean Water Act sets goals to help eliminate water pollution (University of Phoenix, Week Three, rEsource. Enterprise Risk Web site).Legal Issues:Other than this one incident five years ago, Alumina has enjoyed a good overall environmental compliance record for years.Alumina is currently facing negative external publicity and a possible lawsuit for the violation of the Clean Water Act.A local, Ms Kelly Bates has accused Alumina of repeatedly contaminating the waters of Lake Dira with carcinogenic effluents, and has alleged that consumption of the contaminated water is the proximate cause of her 10-year-old daughter's leukemia. Bates also alleges that her daughter's disease may be as old as Alumina's first instance of environmental law violation. (University of Phoenix, Week Three, rEsource. Enterprise Risk Web site)Values and Stakeholders:Alumina's main goal in this situation is to manage the crisis. The company's main objective is to prevent extensive losses, environmental and commercial, preserve Alumina's public image and abide by the pertinent environmental statutes.Large corporations affect the interests of many different groups in society, which are called "stakeholders" because they have something at risk when the company acts and thus have a "stake" in it. Investor-owners, employees, the board of directors, and managers typically have a stake in the actions of large corporations, but so do customers, suppliers, financial creditors like banks, and the community in which a company is located. If a company pollutes as a by-product of production, society itself may have a stake in what actions a corporation takes.The main stakeholders in this case are Chairman Roger Lloyd and his upper management, Kelly Bates and the Erehwon community.Lloyd wants to turn the company's situation around so as not to loose any ground in the industry, and also not have this scandal affect sales and revenue. His upper management staff is of very different opinions as to the way they should address this accusation by Ms Bates. The PR head, Diane Richards, has recommended that they conduct a private investigation on bates. This is very dangerous and would tarnish the image of Alumina if word gets out about it, and the company could be held liable for invasion of privacy.Many times, business organizations encounter the dilemma of ethical decision making. Though business relationships are more economic in nature, their moral and ethical dimension have an equal impact on the...

Other Essays On MBA560 UOP Week 3. Business Regulation

Methodology Essay

1310 words - 6 pages Untitled Ryanair Plc. A. Industry Analysis The Core Business The Company operates a low fares scheduled passenger airline serving short haul, point to point routes primarily between Irlend and UK. Rynair airline reduced airport charge ,choosing secondary and regional air destinations, anxious to increase passengers throughput .In operation since 1985.the Company introduce a low cost operating model under a new management

Research Of Investment Banks Essay

8984 words - 36 pages rush mentality that has caused backlash on the profession.Regulation FD affects on conflict of interest Regulation FD has changed the way analysts' do business. Prior to regulation FD analysts' were free to talk to a company's senior management and receive confidential information or guidance (the covered company's view of the analyst's opinion on the company). Now with regulation FD analysts' must now use their skills in digesting and concluding

Main Contributing Factors For The Success Of Hong Kong In Attracting And Sustaining New Start Companies

7203 words - 29 pages , five-and-a half- or six days a week, depending on the job.Industrial Disputes: 2000: 934 man-days lost through work stoppages. The Labour Department helps resolve disputes.APPENDIX 4aHKGC (Hong Kong General Chamber of Commerce) Business Satisfaction LevelsBusiness IssueDissatisfiedSatisfiedProperty Costs74.6%25.4%Labour Costs75.6%24.4%Business Competitiveness (Global)63.3%36.7%Business Competitiveness (Regional)72%28%English Standards83.4%16.6

Governmental Role In Pharmacy

1885 words - 8 pages prescription problems. Medicare currently provides elderly Americans with two kinds of entitlements: the right to a specified set of services and the right to choose among providers offering these services in a traditional fee-for-service setting. According to an article written by Laura D'Andrea Tyson, a journalist for business week, President Bush's plan represents a profound threat to both entitlements. She also says that his solution to this problem

Ethical And Legal Obligations In Accounting

1887 words - 8 pages deviating from ethical values, misleading shareholders and their employees for personal gain. Regulation is a partly effective tool in the governing any professional field, including the corporate world. Corporate governance represents the relationships created among the various stakeholders of the business world to effectively direct its activities in meeting the objectives of the stakeholders. In recent years scandals have caused the American public

Risk Management

5224 words - 21 pages is present in virtually all business activities, the frequency of occurrence can vary widely. Some exposures can create losses (or gains) every day, week, or month. For instance, currency rates move every day and a firm with unhedged foreign exchange risk that revalues its operations to daily closing rates will experience a loss (or gain) each business day.Why Should Firms Manage Risk?From a purely academic perspective, corporate interest in risk

Strategic Leadership

3463 words - 14 pages accelerate, hidden gains and benefits of highly globalized financial markets become more and more clear. Numerous multinational corporations can raise capital, increase their investment and promote business activities with greater international capability (Moshirian, 2003). Governments, companies and people have begun to realize the world's resources and reallocate resource and human talents. It is true that many developing countries like China

A Look At The Fair Labor Standards Act

1271 words - 6 pages , and mandated a 40-hour workweek. Any time spent over 40 hours per week paid out as time and a half.The original intent of the FLSA was to decrease the advantage that lower paying southern factories had over northern factories. Puerto Rico was devastated as a result of the new law as Economist Benjamin Anderson noted, "unemployment resulted there through the sheer inability of important industries to pay the twenty-five cents an hour."Some studies

An Assessment Of The Organizing Functions Of Management

989 words - 4 pages a necessity. We have a consultant that works in our office at least twice a week at the present moment. She deals with the Oregon companies and travels to the properties to handle all business relations. The other managers of GEI do not have time to travel to Oregon on a regular basis. GEI has been trying to sell the Oregon properties with no avail for the past two years. Since hiring Synergy Consulting, GEI has sold approximately 65% of the

Project Plan For Intranet

1852 words - 8 pages phases: 3.2 Gantt Chart This chart is to show a graphical presentation of the project that shows each phase as a horizontal bar whose length is proportional to its time for completion. Microsoft Project software will be used to create the chart.Task Name Week 519/3-25/3 Week 626/3-1/4 Week 72/4-8/4 Week 89/4-15/4 Week 916/4-22/4 Week 1023/4-29/4 Project Planning Phase Study & Analysis Phase Database Development Phase Screen Designing Phase

Accounting Reporting Criteria

1207 words - 5 pages ; (Phillips, Libby and Libby, 2006)Although several differences exist between the accounting reporting criteria of the United States and each county, the global business world requires a unique consideration. “With heightened consumer protection becoming increasingly important, regulation of American reporting criteria such as The Sarbanes-Oxley Act (SOX) is common to hear” (Phillips, Libby and Libby, 2006) Since the U.S. has had so much

Similar Papers

Public Relations Paper Mkt438

1010 words - 5 pages In today's high performance business environment public relations (PR) is more important than ever before. Public relations are a two-way communication between an organization and the public. PR, a highly evolving practice that is seldom defined the same way twice, is the cornerstone of an organization or individual's reputation within the market. This paper, in addition to defining PR, will compare and contrast examples of the many definitions

Business And Government Intervention Of Business

259 words - 2 pages This week, former Tyco CFO Mark Swartz and former Tyco CEO Dennis Kozlowski, were both sentenced in the Tyco Fraud case. This past Monday, Sept. 19, Judge Obus handed down the sentences of 8 to 25 years in jail for both in a crowded New York courtroom. They also were fined $134 million returned to Tyco, Swartz $35 million; Kozlowski was fined $70 million. The total amount of fines between the two of them came to $239 million.The whole

The Ukelale Wabash Essay

1277 words - 6 pages Over 30,000 FREE Essays User Name: Password: Would you pay to have a paper temporarily removed from essaytrader.net so that you don't get accused of cheating? I would pay up to $2/week I would pay $3/week I would pay $5/week or more No Possibly What for? View results Post Essay Tell a Friend Custom Essays Plagiarism info Terms Essay Links Link to Us Teachers

Mercedes Benz Quality Improvement Paper

1812 words - 8 pages our organization and articulate a process to improve the quality of our service.ReferencesMelnyk, S. A. & Fredendall, L. D., (2004). Total Quality Management: Framework,Measures, & Standards. McGraw-Hill Company, Retrieved October 5, 2004from UoP eResoures https://mycampus.phoenix.edu/secure/resource /resource.aspMBUSA Training. Business Development Center (2004). Retrieved October 25, 2004 fromwww.mbusatraining.com