Self-regulation v/s government regulation essay

Conversely, it is possible to fall ill despite living a life of unruffled stability. The Healing Mind Since the dawn of civilization, mental illness has fascinated us. In ancient times, unusual and bizarre behaviors were thought to be caused by gods. Other societies believed that these behaviors were due to possession by incubi and demons.

Self-regulation v/s government regulation essay

Get Full Essay Get access to this section to get all help you need with your essay and educational issues. This ensures a level-playing field for all and promotes fair practices. A question that arises then is: Should the industries and businesses be regulated by government agencies or should regulation be left to themselves?

I feel the latter is a better alternative. The biggest limitation of government regulation is the corruption inherent in the government system. We have seen the government regulating our industries for long enough to understand that such a regulation is not the best option.

Most often government regulatory agencies, adopt policies which give an unfair advantage to the most powerful organizations. For instance, when regulatory policies are being formulated, the most powerful and cash-rich companies in the industry lobby hard to get the policies suited to their needs.

And the government agencies are not immune to such influence. Rather, the government officials informally welcome such gestures, for they can make a quick buck out of it.

Government regulation fails time and again due to the ingrained corruption in the government machinery. Self regulation, on the other hand, gives organizations an opportunity to decide for themselves what they need to do to ensure a healthy business environment.

Businesses or specific industries can come together to determine what is the minimum acceptable criteria in all aspects of any business activity. This would involve voluntary measures taken by the respective business organizations to ensure compliance with such criteria.

For instance, all telecom companies can come together to decide what is the minimum level of quality they would provide the consumers. If they adopt policies that stimulate unfair business practices, they would face the consequences in the form of declining sales, revenues, profits, and a dwindling public image.

So, market dynamics would force them to only adopt policies which would benefit all in the long-run.

Self-regulation v/s government regulation essay

Furthermore, self regulation has a lot of benefits for the businesses. Voluntary responsible acts by businesses and entire industries are recognized by all stakeholders — consumers, shareholders, employees, and the communities where the businesses operate.

This translates into higher customer loyalty, increased investor confidence, high employee motivation, and above all an improved image of the businesses involved. Government regulation fails in that it is curative in nature. Self regulation, on the other hand, is preventive in nature.

Self-regulation v/s government regulation essay

Rather, they adopt fair practices because they know that it would pay off in the long run. They know the benefits they would accrue from it. Moreover, self-regulation is more effective as it need not be enforced.

It is voluntary in nature. Therefore, due to the various advantages it has, self-regulation by businesses and industry would benefit the society more than would government regulation.

More essays like this:Self – regulation laws and ethics in Advertising: Self – regulation in advertising is a voluntary and internal mechanism within the profession. It is the process to monitor its own standards rather than have an outside, independent agency such as government entity to monitor and enforce those standards.

Self-regulation v/s Government regulation Essay Sample. To make the business processes fair, they need to be regulated.

Missing The Diagnosis: The Hidden Medical Causes of Mental Disorders by William Matteson, Ph.D.

This ensures a level-playing field for all and promotes fair practices. government regulation has always been an important part of business as “regulations are essential for the proper functioning of society and the economy” (Ingram, n.d).. A business is designed to generate revenue for its employees, employers and shareholders (Chindamo, Pg.

, ). In a bid to keep increasing revenue, businesses throughout history have conducted trade using dubious. Hypochondria is the interpretation of bodily symptoms as signs of a serious illness. Frequently the symptoms are normal bodily functions, such as coughing, pain, sores, or sweating.

Although some people will be aware that their concerns are excessive, many become preoccupied by the symptoms. Government Entity Rules and Regulation. Regulations Business often adjusts their operations and their prices in an attempt to increase profits - Government Entity Rules and Regulation introduction.

The Philippines is one of the countries involved in the Free Enterprise System. Industrial regulation is the government regulation of an entire industry. The purpose of industry regulation is for a an entity to watch an industry’s prices and products to make sure that they do not create a monopoly or take advantage of consumers.

Self-regulation v/s Government regulation Essay Example | Graduateway