Research paper on business environment

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Research paper on business environment

The role law plays in the world of business and its implications to the business professional, as well as, the major sources of law and their intent to either control, regulate, or assist current business practices.

The Legal Environment of Business Overview The legal environment of business refers to the code of conduct that defines the legal boundaries for business activity. To understand these boundaries, it is essential to first have a basic understanding of the law and how it affects businesses and business practices.

The nature of business spans over a number of legal realms, all of which are continuously influenced by the needs and demands of the business community, consumers, and the government. Each has a distinct stake and voice in this vibrant legal environment.

Nature of Law The study of the legal environment of business encompasses numerous approaches and philosophical theories.

Research paper on business environment

The exploration of what law is and how it is defined has been examined by numerous legal philosophers. The traditionalist approach is steeped in the belief that the basic constructs of right and wrong are fixated even though society is continuously changing its beliefs.

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This approach is much broader in scope, since the law is an institution that reflects the societal need for social order. Sociological Jurisprudence Theorists Sociological jurisprudence theorists profess that society ultimately shapes and molds the law and the mechanisms for its enforcement.

This school of thought views the legal system and the law as a means of providing an orderly, predictable system of social order, change, and legal reform. These theories lead to similar conclusions; the primary function of law is to maintain social, political, and economic stability, while simultaneously balancing the need and ability to implement change.

To accomplish this successfully, laws have been categorically classified. Classifications of Law To make sense out of huge body of information, laws are placed into various categories. Although a number of classifications are possible, the most useful categories utilized are: Substantive and Procedural Civil and Criminal Basic to the understanding of these classifications are the terms right and duty.

A right is the ability of a person with the help of the law, to demand someone else to perform or to cease engaging in a certain activity. A duty on the other hand, is a commitment placed upon a person to engage in or desist engaging in a certain activity.

These two concepts are correlatives, meaning that no right can rest upon one person without a corresponding duty resting upon some other person. Substantive Law Substantive Law Substantive law includes all those laws that define, regulate, and create legal rights and obligations.

A rule stating that promises are enforced only where each party receives something of value from the other party is part substantive law. An example of this would be business contracts and contract obligations.

Procedural Law Procedural law, on the other hand, establishes the methods for enforcing the rights that are established by substantive law. For example, questions about how a lawsuit should begin, what papers need to be filed, which court the suit should go to, which witnesses can be called, and so on are all questions of procedural law.

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Essentially, substantive law relays our rights and entitlements under the law, while procedural law delineates our legal obligations and duties that need to be undertaken to obtain the benefits of those rights.Business Research Paper Topics Strategies- American Council of International Strategies Research Paper looks at this travel organizations environmental and SWOT analyses.

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Research paper on business environment

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Taiwan is an island situated approximately kilometers Eastern Asia away from southeastern coast.

View this research paper on Business Environment in Taiwan. Taiwan is an island situated approximately kilometers Eastern Asia away from southeastern coast. MGI’s mission is to help leaders in the commercial, public, and social sectors develop a deeper understanding of the evolution of the global economy and to provide a fact base that contributes to decision making on critical management and policy issues. General principles RePEc (Research Papers in Economics) is a collaborative effort of hundreds of volunteers in 99 countries to enhance the dissemination of research in Economics and related sciences. The heart of the project is a decentralized bibliographic database of working papers, journal articles, books, books chapters and software components, all maintained by volunteers.

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Understanding the business environment is central in the attheheels.com Research Paper on Business Environment; Internal and External Environments; Walmart.

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