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Non- compliance of local and international legal requirement
lack of senior management commitment
Inability to haired a qualified personnel for a particular job
Compliance to environmental regulations to ensure safety of human resources and to minimize unnecessary environmental cost.
In my view, there are at least three environmental factors that can affect a business:
1. Non-compliance to environmental regulations - that could lead to financial penalties, physical closure of business, loss of goodwill in the market, etc.
2. Improper Operation management - leading to excessive raw material consumption, exceedance of emissions, excessive waste generation, etc. that could summarily affect the financial viability of business and its performance
3. Environmental regulations - stricter regulations at one place than the others would affect the trans-boundary business viability; changes in the regulations, too, can cause unexpected requirement of additional finances for investment in the business.
Non-compliances of legal aspects
