The Regulatory & Ethical Environment of Business

Incorporated In W completely or with a corporal presence In W totally in all) to review in an original term report. The school-age child must c all over at a minimum 3 of the pursual 7 topics (2) What type of entity is this business (e. G. LLC, for-profit entity, nonprofit entity, etc. ) and wherefore is that the high hat choice for this business? (1) How does the equines address ethical or example issues? (5) What environmental issues does the business deal with? (3) If the business develops, sells or differently deals with consumer products, how does the business deflect up product safety? (4) Does the business engage in advertising? If so, wherefore? Further, how does it determine what type of advertising best suits Its purposes? (6) What employment Issues has the business face up? 7) What type of steps does the business undertake to Meltzer discrimination both at heart and outside the workplace? covers ordain be graded on thoroughness and concepts covered in the textbooks. Students may conduct re check for of the business all the same they see fit, though it is strongly suggested that the student interview or otherwise correspond with a contact person or persons affiliated with the elect business. Papers must be double spaced, typed in size 12 Times New Roman font with 1 inch margins. The paper must be a minimum of 10 pages and a utter just about of 12 pages. MGM-6020-E, 6020?The Regulatory & Ethical Environment of Business Term Paper Hallelujah solar (http//www. Holi twenty-four hour period curbrs. Mom/) length of existence in Hawaii and a description of Hawaii-based activities (particularly f you atomic number 18 covering a national ambit business) Hallelujah solar named after a massive shield vol send awayo that forms more than(prenominal) than 75% of the Hawaiian Island of Maim. The story of the company is non what one would expect. It did non start with a massive research or a radical or pro environmental scientist. It all started back in the asss, Hallelujah Solar founder, Jim Whitlock, on the job(p) as a plumber at a golf course, came property after a hard sidereal day of work, ready for a minute shower and realized he had no scorching water. He called his landlord, and told him all the water he was devilting was cold. Mr.. Toby, a long- fourth dimension topical anesthetic, came over and pointed to a misfortune on the roof and exclaimed in his broken English, No more sun, no more hot water. Mr..Toby went on to explain how the home- do device, copper tubes sandwiched amongst old window panes connected to a water tank seated on a rotting wooden stand, used the sun to progress to hot water. Jim touched the tubes and pulled spryly back from the heat. The proverbial light galvanising-light bulb went off in his head. Holy cow, this actually works, he thought. And that was it. Jims solar push Journey had begun. Keep in mind back past he was a long-haired hippie surfer, involved in environme ntal causes like Save Our Surf, a group dedicated to preserving reefs and pristine shorelines from unprincipled developers. In a weird twist of fate, here he is days later, using inspiration he got from an amateur backyard inventor, still helping the environment and along with it, thousands of other lives as well.However, despite the free spirited attend Jim was no slacker he was mechanically inclined and good with his hands. It took Jim 60 days to build a solar ashes prototype whilst functional a day Job. This was no minor feat considering this was before most people owned a computer let alone hear of the internet. He spent most of his trim time in the local library doing research and experimenting with different materials and products and eventually developed an efficient working solar hot water system. The members of the club unlike the members of partnership or the proprietors of a business be financially liable for the debts of the composition exactly up to the exte nt of their localizements (Pig 152 Shaw). 977, Jim officially started his solar company, Hallelujah Resources Inc. During the asss, due to the oil censor in the Middle East, crude prices rose dramatically. Environmental awareness excessively emerged at this time and the ambition of the cardinal triggered tremendous beguile in alternative ways to name animation. Solar was a major receiving system of this newfound interest and the whole exertion took off. Due to the professionalism and integrity of Jim and his services, the now- named Hallelujah Solar quickly became the largest solar company in Maim, eventually other islands and currently they were put in systems all over the state. In the mid asss, Jim started experimenting with solar cells, cr take in electrical vitality.With sack be constantly rising, and photovoltaic technology prices dropping, he envisioned a true in which people would set up their own small electric companies. In observing the incredible growth of solar electric today, we mountain conclude he was right. Hallelujah Solar has been in business for over 35 years and has installed over ten thousand solar brawniness systems with satisfied customers all over the state of Hawaii. They believe servicing systems is undecomposed as important as installing them. They are a one- stop shop and service anything solar talent related. Hallelujah Solar truly stands sewerful their work, and are one of the few solar companies in the state to collect been round long enough to actually back up a 25 year warranty. What type of entity is this business (e. G.LLC, for-profit entity, nonprofit entity, etc. ) and why is that the best choice for this business? When we signify of throne we lifelikely think of giants such as General Motors, Exxon Mobil, Microsoft or Walter, which exert enormous square off over our economy and society. But the local independently owned gismo store may be a tummy. (pig 1 52 Shaw). Jim Whitlock knew that if he to take over any kind of success he take to create a corporation. Corporation has many advantages that suited this reticular situation. world-class of all the expanding upon factor a non-for-profit entity has harder time Justifying expansion since its goal is not revenue generation only when rather its mission.Its not the fact that Non-For-Profit organization outhousenot bring back revenue, actually a pass out of them do (For example NCAA (National College acrobatic Association)), it is the fact that it cannot use revenues to invest in itself. Revenues of non-for-profit organization usually distrisolelyed to shareholders as dividends or invested in projects. Non-for-profit cannot retain profits for self investment. Jim Whitlock had the sights et on expansion and needed the profits and revenues to be invested back into the corporation. So that he can weather downturns in business and take in enough financial supplement to expand. Non-for-profit usually relies on donations as the main contribution, Corporations are relied on investors as the main source of contribution.Being an investor is more lucrative than beingness a donor. With corporation it is easier to get findings not only from people who want to succeed with you but also from financial institutions. If a corporation is generating revenue financial institutions are more inclined to give loan or become an investor. The mentation of making money appeals more to the banks rather donations Go figure. Last but not least the Non-for-profit tax requirement for compliance are deadening and time consuming not to mention strict regulations code Jim Whitlock needed to focus on the companys development and its growth instead of trying to admit with government requirements.These are the full-sizegest reasons why Corporation was the right path for Hallelujah corporation rather than the path of non for profit. One of the most important legal benefits is the proprietors and oecumenic partners in a part nership are personally and Jointly expansive for all the liabilities of a business such as loans, accounts payable, and legal Judgments. In a corporation, however, stockholders, directors and officers typically are not liable for the companys debts and obligations. There is this citation in the book The problem, of course, is that they are not humanity beings beings. Or to summon Lord Thrown an eighteenth-century lawyer, how can you expect a corporation to have a conscience, when it has no soul to be damned and no bole to be kicked(pig 154 Shaw).The fact is that these types of corporations do have souls because it starts tit one mans melodic theme and that man wants to see his idea come to fruition, to grow and to materialize. To start something from fundamentally zero with Just an idea a person needs to invest time, a person needs to invest resources and most importantly his soul. The corporation is a shield for personal assets to minimize the already enormous encounter a p erson is taking. Such shield allows the company to grow and throw the work force knowing that the corporation Just like a person can be braised or blamed, even punished for the decisions management makes and the policies management undertakes. 1) How does the business address ethical or moral issues?The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OPEC (consisting of the Arab members of OPEC, incontrovertible Egypt, Syria and Tunisia) proclaimed an oil embargo. By the end of the embargo in skirt 1974, the price of oil had risen from US $3 per barrel to about $12. This was the wake up call to search for alternative expertness source. A lot of articles was posted on the office staff of solar technology. Jim Whitlock recognized the nook need for solar force outed heaters and decided to turn an idea into universe and in turn o profit. Pollution and the depletion of natural resources are two aspects of th e same problem Both involve using up natural resources that are limited.Pollution uses up clean air and water, Just as origin uses up the minerals or oil in the ground (pig 244 Shaw). However, here we have something that is free and taken for granted Sunlight. Hallelujah Corporation uses sunlight as its first-string resource and converts it to heat and electricity the added bonus is no pollution created. In fact studies have confirmed that in the long run installing solar powered equipment reduces apostrophize to he consumer in the long run. Those bells are not only monetary but also environmental since no additional pollution generated thither is no additional bell to improve the environment. The cost of cleaning up pollution Cost can include time, effort, discomfort, and lost opportunities (pig 248 Shaw).Since solar industry does not generate extra pollution it saves everyone a lot of time, effort, discomfort and lost opportunities. The longer the solar technology is used the more indirect benefit it generates. several(prenominal)thing that deserves to be mentioned a lot of government findings are spent falls into this category. The incentive for solar industry actually comes from two levels the State and The federal both aver tax impute if consumer or a company decides to take a greener route. Both the state of Hawaii and the US federal government put forward generous tax credits for new solar photovoltaic system installations. The state of Hawaii also gives tax credits for solar hot water systems.These incentives dramatically lower the cost of purchasing and installing a solar system and have fueled the huge wave of interest in the last several years for solar energy in Hawaii. We thought we would explain how these tax credits work in mold for you to start to understand how you can take advantage of them. Now lets get into the specifics the federal government gives a 30% tax credit on the cost of equipment and installation of a solar photovoltaic system and applies to all systems placed into service before December 31, 2016. The Hawaii Energy levy Credit allows solar customers to claim an income tax credit of 35% of the cost of equipment and installation of a solar hot water system.So here we have a savings of 30% from federal and 35% from state on top of this we have a long term savings on the cost of electricity and indirect benefit of no pollution being generated. Utilitarianism is the moral doctrine that we should always act to produce the greatest workable balance of good over bad for everyone stirred by our actions (pig 48 Shaw). With so many reason for the use of solar technology there is no moral or ethical counter argument against it. So what is holding back ?. It is hard to get over the initial investment. redden with all the tax credits solar investment still has a hefty price tag. It is a big investment for a mall class person to shell out for a system that has aptness to be unreliable. That brings us to t he next hurdle unreliability.Even though in this day an age this is almost a non issue because of storage batteries and much more efficient ways to store energy which is being unused. Solar energy does heavily rely on the sun and some parts of the land (other than Hawaii) sun is seasonal and inconsistent so even with all the incentives it is unpractical in some parts of the world. Last but not least, solar technology does require maintenance once in a while, the solar panels do get dusty and dirty and they need to be hosed off. Not everyone has the animal(prenominal) agility to climb the roof so additional expense is squired to arrest it. What environmental issues does the business deal with? The Hallelujah solar Inc is the risings answer to the present day pollution.We live in a time when its apparent that the use of energy that comes from the combustion of fossil fuels is something that needs to be left in the past, because these sources of energy are not endless and they hav e quite a forbid impact on our Earths delicate CEO-system. William T. Blackstone, have gone further to represent that each of us has a right to a livable environment. In Blackstone view, this is a human right. Each person has the right qua being human and because a livable environment is essential for one to fulfill his human capacities This right has emerged as a result of well as the hap of realizing other human rights (page 245 Shaw). Solar power is an efficient, CEO-friendly, and endless source of energy that does not have the negative effectuate on our environment.Yet despite the availableness of alternative sources most of the power used in the United States is made from dirty fossil fuels including coal, gas, and oil. Once fossil fuels are burned to generate energy, they Anton be reused and we have to find more to create more energy. The search for more fossil fuels is only going to become more parlous and expensive. Ecosystem which refers to a total ecological community , both living and nonliving. Webs of interdependence structure ecosystems. Predators and prey, producers and consumers, hosts and parasites are linked, creating interlocking machines checks and balances that stabilize the system. (page 243 Shaw).Pollution is a cancer that is slowly eating away at the entire ecosystem. Slowly corroding the interlocking mechanism and destroying the checks and balances. Air pollution causes damage to crops, animals, forests, and bodies of water. It also contributes to the depletion of the ozone layer, which protects the Earth from the suns UP rays. other negative effect of air pollution is the formation of acid rain, which harms trees, soils, rivers, and wildlife. Some of the other environmental effects of air pollution are haze, transportation, and world(prenominal) climate change. Pollution also has a direct effect on human that becomes apparent and burdensome during our lifetime.Air pollution can cause long and short-term health effects. Its found that the elderly and nouns children are more affected by air pollution. Short-term health effects include eye, nose, and pharynx irritation, headaches, allergic reactions, and upper respiratory infections. Some long-term health effects are lung cancer, brain damage, liver damage, kidney damage, heart disease, and respiratory disease. The sun is a huge source of free, natural and renewable power. Using solar power can help offset energy generated from fossil fuels. About half(a) the electricity in the U. S. Comes from burning coal, which releases toxic emissions, such as nitrogen oxide, sulfur dioxide, and heavy metals like mercury.Using solar electricity reduces our dependence on coal, thus decreasing greenhouse gases and pollution. Energy produced from green sources, like solar, will help reduce our dependence on imported energy. Solar power can be generated cleanly and safely in the United States, where Jobs can be created in sales, installation, and engineering. In addit ion, home solar provides freedom from electricity rate increases and power outages. Here in Hawaii, this is even more vituperative as all of our oil is imported leaving us unguarded to unstable worldwide fluctuations in the prices of crude oil. By going solar, you can edge the risk of fluctuating oil prices.Hallelujah Solar helps fight against the current pollution by offering a substitute energy source. excursion from the obvious benefit to the environment Solar company does offer something immediate to an individual such as tax credit. The government sees the benefit to not only get rid of dependence on foreign resources but also the need to take care of the environment. A lot of incentives were offered to the make money destroying the environment can there be a moneymaking business that benefits the environment. Apparently it can Solar industry has been gaining a lot of round people are looking to save money and governments are looking to reduce the cost of pollution and to reduce the indirect cost of foreign resource dependency. Social responsibility and environmental sustainability are pith business competencies not a fringe activities (page 245 Shaw) Conclusion and final thoughts, which may include a global view of what youve discovered about the business, what the future likely holds for the business, etc A solar industry is finally getting its time in the sun. When I began the research I was comical in the industry and what it had to offer. With todays rising prices in oil and gas you are forced to look for alternatives. This year on may 9th president Obama stressed the need for US to find alternative energy source and pledged 2 meg dollars to solar industry. Executive actions that will drive investments in solar energy upgrades for government and private sector buildings, improve appliance efficiency standards, strengthen commercial building codes, encourage innovative financing, and create Jobs by develop a skilled solar workforce. (Washin gton Post, may 9th). A lot of big corporations such as Apple and Kea are taking a chance on alarm energy and installing it at their locations. First of all there are incentives such as tax credits which save money for corporations in the short run. Second of all, there are saving incentives in the long run since the companies dont have to pay so much for traditional forms of energy. Third of all, it is a really great advancement stunt which can go a long way with investors. So the government is curious about the future of solar technology, the corporations are curious about yet the public remains blind.