ADM 1301 Lecture : Chapter10.docx

• School: University of Ottawa
• Department: Administration
• Course: ADM 1301
• Professor: Tim Ragan

Document Summary

Self-regulation: imposed by the corporation or industry and not by the government or market forces. y self-regulation is faster, cheaper, more efficient and effective than government y. Improves business and customer relationship y allows government to focus on other priorities y y lower standards than government y lack of penalties, insufficient financing, publicity and promotion, lack or. Forms of market regulation, self regulation and government regulation. Industry self-regulation y members of the industry can attempt to influence corporate behaviour and even enforce standards y. Industry or trade associations often facilitate this type of regulation y power to prevent abuses is usually limited as the potential for anti- y competitive behaviour limits the effectiveness of regulation. In most industries, participation is voluntary and remedial action is taken when members violate standards. Quasi-government regulation y regulation is delegated to government agencies y stakeholders are challenged to effectively make presentations before such agencies resulting is stakeholder interests.