Business Regulation: Alumina
University of Phoenix
October 20, 2008
Alumina, Inc., a manufacture of aluminum is a multi- billion-dollar company with business interests in automotive components, packaging material, bauxite mining, alumina refining and aluminum smelting. With operations in eight countries around the world, Alumina’ s primary business is based in the United States, which accounts for 70% of its sales (University of Phoenix, 2008). However, in light of Alumina’s lucrative position within its’ industry, its business practices, like all businesses are subjected to both legal and regulatory compliances that are mandated by state and federal government. Wherein, Alumina is forced to observe its practices closely to ensure its’ adherence of these compliances or be subjected to violations or costly legal claims that could dissolve the company’s financial position, thus ability to maintain itself within its’ industry.
As illustrated in the simulation, Alumina is currently under attack by a local resident, Kelly Bates who claims that the company’s failure to adhere to the standards outlined by the Environment Protection Agency (EPA) is a direct result of her 10-year-old daughter’s fight with leukemia. As a result, Alumina is forced to re- examine its position, thus the strategies it must employ to prevent and preserve the company’s reputation as well as prevent any extensive financial lost as a result of the claim.
Like many businesses, Alumina must adhere to regulatory compliances as outlined by the Environmental Protection Agency. According to Reed et al. (2005), “The primary focus for environmental regulation is concern over the efforts of human population growth and the impacts of human technology” (pp. 2-3). In light of Alumina’s good overall environmental regulation compliance records in recent years, it was during a compliance inspection five years earlier that... [continues]
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