Regulating the business, What additional strategy (or

Regulating the business

Reference no: EM1336871

I'm resolving a case about Business Regulation. The case is about a company that failed to show it had effective systems in place to deal with the crisis when one of their tankers struck a reef, releasing 11 million gallon of crude oil into the prism of the blue water on a lake. Over 1000 miles of coastline disappeared. When this crisis happened the company showed little leadership after the event and appeared indifferent to the environmental destruction. The company was fine for corporate irresponsibility.

Five years later after enjoying a good overall environmental regulation compliance record. A local resident threaten the companies good compliance record blaming the company that her daughter's disease (leukemia) was due to what happened 5 years ago and that the company still does not comply with the preservation of the environment.

Some of the strategies I developed in the paper base on the case was:

1) Allow partial release of environmental audit report to avoid to jeopardized companies competitive position.

2) I talked about conducting independent study to lower accusation blunted by local resident and newspapers (reason and so on)

3) In order to resolve the issue I talked about party mediation being the quick way to resolve the dispute

Base on the results mentioned above I still need to address the following questions, please I need your assitance (this section must cover between 1200 - 1800 words, needs to have references):

a) What additional strategy (or variation on a given strategy) would you recommend to the key decision maker in the case to solve the challenge given?

b) In any dispute where perceptions of the "facts" are 180 degrees opposite, management has a decision to make whether to fight or settle. If you were the CEO of this company would you have accepted a mediated settlement with the local resident, assuming that she has already filed a lawsuit against the company, or would you have spent the money to defend the company's position in court?

c) The environment is one area of business regulation where community stakeholders can make emotional arguments supportive of government intervention. What are some other areas of business regulation that hold similar dangers for private businesses?

Reference no: EM1336871

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