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Business Regulation Simulation Paper - Week 3 Wortherley

Business Regulation Simulation Paper - Week 3 Wortherley -...

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Business Regulation Simulation Paper 1 Running Header: BUSINESS REGULATION SIMULATION PAPER Business Regulation Simulation Paper University of Phoenix MBA/560 Enterprise Risk Tammy Wortherley Professor Trina Eaddy
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Business Regulation Simulation Paper 2 This paper identifies the key facts, regulations and legal issues in the Business Regulation Simulation regarding Alumina, a global multibillion company. Alumina Inc. is a $4 billion aluminum maker, based in the United States and operates in eight countries around the world. The United States market constitutes of 70% of its sales. The company manufactures automotive components, alumina refining, bauxite mining and aluminum smelting. Business Regulation Simulation When working within a global market, it is critical to recognize that businesses have many business risks and a primary risk is the federal governmental and imposed environmental regulations. Businesses are required to comply with regulations specified by the government, otherwise, those companies will visage penalties that can cost the company enormously and sometimes cause bankruptcy and a total loss of the corporation. A benefit however, is that the regulations pledge to society, that companies comply and not cause major catastrophes that can affect the environment or cause harm to human or animal populations. The Business Regulation Simulation, featuring Alumina, Alumina organization falls under the control of the Environmental Protection Agency of region 6. This company, had a penalty imposed five years previously from the EPA and were now faced with a new legal issue or claim of environmental endangerment to the community with accusations from a local resident that the company caused her 10 year old child to contract leukemia, a cancer illness directly related to the company's toxins.
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Business Regulation Simulation Paper 3 These issues were carefully reviewed, handled and resolved using their internal legal counsel and public relations staffs to re-establish its reputation and keep the company from further litigation (Simulation, 2007). Key Facts, Regulations, Legal Issues One of the key facts was that Alumina was found to have high concentration levels of Polynuclear Aromatic Hydrocarbons (PAH's) in their environmental expulsion standards after an evaluation by the EPA five years earlier. Since Alumina was out of compliance, a clean up was ordered by the EPA and Alumina acted in accordance to correct the problem and a subsequent test was in compliance (Simulation, 2007). This was an excellent course of action which helped Alumina establish itself as a responsible and environmentally friendly company. Any business that has emissions that are not processed accordingly to regulations, run the risk of ruining the environment can and therefore, the EPA's cleanup was in order.
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