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. I feel the latter is a better alternative. Government regulation fails in that it is curative in nature.
More essays like this: 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. Therefore, due to the various advantages it has, self-regulation by businesses and industry would benefit the society more than would government regulation.
So, market dynamics would force them to only adopt policies which would benefit all in the long-run. Businesses or specific industries can come together to determine what is the minimum acceptable criteria in all aspects of any business activity. 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.
Should the industries and businesses be regulated by government agencies or should regulation be left to themselves? For instance, all telecom companies can come together to decide what is the minimum level of quality they would provide the consumers.
This would involve voluntary measures taken by the respective business organizations to ensure compliance with such criteria. 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.
They know the benefits they would accrue from it.
Government regulation fails time and again due to the ingrained corruption in the government machinery. Rather, the government officials informally welcome such gestures, for they can make a quick buck out of it.
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.
Rather, they adopt fair practices because they know that it would pay off in the long run. It is voluntary in nature. Moreover, self-regulation is more effective as it need not be enforced.
A question that arises then is: This translates into higher customer loyalty, increased investor confidence, high employee motivation, and above all an improved image of the businesses involved. Voluntary responsible acts by businesses and entire industries are recognized by all stakeholders — consumers, shareholders, employees, and the communities where the businesses operate.
Furthermore, self regulation has a lot of benefits for the businesses.
Self regulation, on the other hand, is preventive in nature.Self-Regulation in Writing Essay Words | 3 Pages. Self-regulation is a critical component in learning to write. There have been 25 studies that have shown that teaching students self-regulation strategies in writing has improved their ability to write.
Self-Regulation in Writing - Self-regulation is a critical component in learning to write. There have been 25 studies that have shown that teaching students self-regulation. Molly Ertmer ELM 18 Dec, Susana Hallner Self-Efficacy and Self-Regulation According to Ormrod (), self-efficacy is when one believes they have the ability to accomplish certain things and self-regulation is when one sets goals for themselves and strives to reach them.
When it comes to learning, self-efficacy is the confidence you have that you can achieve something%(18). Self-regulation is a critical component in learning to write. There have been 25 studies that have shown that teaching students self-regulation strategies in writing has improved their ability to write.
Self-regulation strategies have even improved writing in students with learning disabilities. So. Self-regulation v/s Government regulation Essay Sample.
To make the business processes fair, they need to be regulated. This ensures a level-playing field for all and promotes fair practices.
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