Practicing Success
Why is an adequate knowledge of rules and regulations important for better business performance? |
It boosts employee morale It helps in marketing It is a legal requirement It ensures compliance and avoids legal problems |
It ensures compliance and avoids legal problems |
Legal environment includes various legislations passed by the Government administrative orders issued by government authorities, court judgments as well as the decisions rendered by various commissions and agencies at every level of the government— centre, state or local. It is imperative for the management of every enterprise to obey the law of the land. Therefore, an adequate knowledge of rules and regulations framed by the Government is a pre-requisite for better business performance. Non-compliance of laws can land the business enterprise into legal problems. |