Advantages and Disadvantages of Business Regulations Assignment

Advantages and Disadvantages of Business Regulations - Assignment Example It is the role of the government to make the business regulations so that they are uniform to everyone despite in certain circumstances bearing merits and demerits, which this essay seeks to highlight. Advantage of these regulations is that a business is able to run smoothly as there is a clear logical framework on how to conduct logistics. This approach makes staffs have a technical knowhow about ethics and decisions that govern their business. Hence, being able to adapt to the working conditions without any difficulties and still comply to what the industry demands (Handlin, 2011). Rules and regulations are of major importance to a business since it removes much of guesswork by the staff since they ought to work according to the prescribed set of behavior. Through this, conducting of varied practices is effective in both to the staff and those they are serving compared to any industry that do not operate within certain procedures. Another advantage is that rules are able to prevent owners of companies from using power to abuse their workers (Handlin, 2011). If there were no regulations, most of the rights of workers could be stepped on by their employers. The workers could be receiving meager wages or compelled to work in extremely deplorable conditions, hence regulations safeguard their settings. Since without those regulations, owners could be resulting to actions that not only harm the environment or pursue business ventures that are profit making but also exploit staff. Therefore, by having rules and regulations some of these hazardous behaviors are preventable thus help govern protect its people. Conversely, business makes it hard to execute certain changes (Nijsen, 2009). Having a rules makes it is a very rigid process to make changes like decision making. In some cases, the regulations made do not account for some situations, this may be a major drawback to a business thus taking

Managing and leading people Essay Example | Topics and Well Written Essays - 2750 words - 1

Managing and leading people - Essay Example Failure to examine the wellbeing of the employees impacts directly on the profitability and profitability of the organisation. Also, failure by the management to support the wellbeing of the employees has various effects on the business such as increased operation costs and poor public relations (Rees and French, 2013). There are different descriptions of well being of employees in various employment contexts. According to research, the workers’ wellbeing should balance their needs with those of the company. In this case, the concept of wellbeing refers to the creation of an environment for the promotion of a state of satisfaction among the workers as well as achieves their maximum potential for personal and organization’s benefit (Anjum, 2010). The wellbeing of the workers entails more than the aspect of preventing sickness at the workplace. It involves a wider bio-psycho-social structure that includes mental, physical and social health. Normally, employees are mentally and physically capable of contributing at the workplace and become more engaged to their work under good working conditions. Well-being at the workplace, therefore, does not involve the management of the cultural and physical environment with the aim of safeguarding workers from harm. However, it requires corporations to assist individuals to maximise their mental and physical health. The approach for wellbeing benefits individuals both inside and outside the work environment (Jibeen, 2013). In addition, it promotes various aspects of the workplace such as productivity, morale and commitment. Positive wellbeing at the workplace can also benefit the community that is essential for enhancing the public relations of the organisation. It is important for the ma nagement and leadership of various organisations to support the wellbeing of the employees because of various reasons such as promotion of employees’ morale, commitment, transparency, productivity, public relations and efficiency