Business Regulation Simulation Free Essay, Term Paper and Book Report
Business Regulation Simulation
University of Phoenix
MBA/560
Enterprise Risk
Workshop 3
Business Regulation Simulation
Abstract
The simulation presents a scenario, which a local citizen of Lake Dira in the state of Erehwon, Bates, alleges that Alumina, Inc., a four billion dollar aluminum maker, polluted the waters of Lake Dira with a carcinogenic substance that was the direct cause for the development of leukemia in Bates ten-year-old daughter. Ultimately, Bates threatens
a five-million dollar personal injury lawsuit against Alumina, Inc. to recover compensatory and punitive damages (University of Phoenix, 2002, p. 13). The ADR process of mediation may be the optimal solution. The mediation process assists disputing parties to mitigate risk of potential adverse outcomes of litigation. The process of mediation aligns with stakeholder theory, as the advantages to mediation consider the interests of all stakeholders.
Alumina, Inc., a four billion dollar aluminum maker, confronts a potential five-million......
Word Count: 3458
Page Count: 13.8 (250 words a page / double spaced)
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