Operations Influences (1 Viewer)

[ht1213]

Hey,
Does anyone know the difference between 'government policies' and 'legal regulation'?
It seems to be that legal regulation is centered around legal compliance and government policy seems to be about decisions coming from government. Is this right? How do they actually differ?

Thanks!

 

[chelle98]

Government policies set minimum standards that must be achieved in order to protect consumers- for example: the Labour Government brought in the Carbon Tax while the new Liberal Government has introduced legislation to abolish it. Operations managers must always be familiar with government policies and keep up to date with changes as these policies impact on the manner in which the business operates.

Legal regulations change according to the changes in government policies. Laws are considered an external factor, over which a business has no control. Changes in laws may result in changes being made in the production process, often at a huge const, which are classified as compliance costs. Failure to comply with new laws and/or regulations could result in penalties like fines or suspended trading being imposed. Important regulations are 'Occupational health and safety (OHS)', 'Anti-discrimination', 'Equal opportunity', 'Environmental protection', 'Public health' and 'Australian standards'.

 

[ht1213]

Government policies set minimum standards that must be achieved in order to protect consumers- for example: the Labour Government brought in the Carbon Tax while the new Liberal Government has introduced legislation to abolish it. Operations managers must always be familiar with government policies and keep up to date with changes as these policies impact on the manner in which the business operates.

Legal regulations change according to the changes in government policies. Laws are considered an external factor, over which a business has no control. Changes in laws may result in changes being made in the production process, often at a huge const, which are classified as compliance costs. Failure to comply with new laws and/or regulations could result in penalties like fines or suspended trading being imposed. Important regulations are 'Occupational health and safety (OHS)', 'Anti-discrimination', 'Equal opportunity', 'Environmental protection', 'Public health' and 'Australian standards'.

Perfect, thanks!