The essay looks at the effects of business regulation and business regulation areas that the government focuses on sharply. There are good and bad reasons that the government regulates businesses. Mainly, those arguing that regulation is a good reason to highlight businesses that despoil the environment and defraud consumers. Such businesses are usually in the pursuit of profit. Importantly, the government can become a friend in business by providing financial and advisory services. Also, it can be a friend of the public by enforcing consumer-protection and worker-safety laws. There are several effects of business regulation, and the government focuses on some business regulation areas that are crucial.

 effects of business regulation

ENVIRONMENTAL IMPACT OF BUSINESS

There are some business regulation areas that the government emphasizes especially due to the environmental impact of business. The Environmental Protection Agency regulates the carbon footprint and effect of businesses on the environment. Moreover, the Environmental Compliance Assistance guide helps businesses to achieve environmental compliance. The government also looks at data security and privacy protection as a key regulation area. Primarily, sensitive information gets collected from employees and customers during transactions and hiring. Thus, privacy laws help prevent businesses from disclosing sensitive information freely. Effects of business regulation, such as consumer protection require governments to look at some business regulation areas.

 business regulation areas and environmental impact of business

CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS REGULATION AREAS

Businesses need to adopt Corporate Social Responsibility strategies to comply with key government regulations. Notably, codes of conduct constitute some of the main forms of corporate self-regulation. Company codes mostly concentrate on sectors where brad reputation is important. Company business codes on working conditions in core enterprises. Moreover, it focuses on the development concerns of high profiled industrialized countries. The codes are important as they generate some benefits for various stakeholders. However, codes present a danger when used in deflecting criticism and undermining trade union positions. The essay helps in understanding the effects of business regulation and the government’s main business regulation areas.

Corporate Social Responsibility and business regulation areas