Legal Environment of Business: Business Environment for XYZ Construction Inc.

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Introduction XYZ Construction Inc. is concerned about the economic and legal factors that could affect the organization, particularly as the company transitions during these upcoming months from a private company to public ownership, or, initial public offering (IPO). XYZ must be concerned with the legal environment of our business, which is the basic set of rules, and laws that surround the atmosphere of business in general, and the industry that frames XYZ Construction Inc. This document will first describe the business environment for XYZ Construction Inc. Next, this paper will analyze the legal factors XYZ will face during this transition, and the activities our employees will need to become familiar with in order for XYZ to remain competitive. Remaining within the constraints of rules and regulations regarding new contracts that our organization will face prior to; during; and after this significant shift to becoming a publicly owned entity. Business Environment for XYZ Construction Inc. The horizontal construction industry, in contrast, is primarily made up of local and State agencies that are charged with efficiently serving the public and spending public funds. Contract awards are typically to the lowest bidder and risk is often avoided because of the potential liability associated with possible failures resulting from the use of new materials, technologies, and approaches." (United States Department of Transportation - Federal Highway Administration, 2005) Although XYZ Construction Inc. is currently a horizontal company, with the rapidly approaching IPO, and imminent transition to becoming a publicly owned corporation, it will be necessary to prepare our employees with the skills to remain competitive in today’s d... ... middle of paper ... ...a7%40sessionmgr198&vid=1&hid=116&bdata=JnNpdGU9ZWRzLWxpdmU%3d#db=ofs&AN=77345367 United States Department of Transportation - Federal Highway Administration. (2005). From Vertical to Horizontal: Learning from the Innovations of the Building Construction Industry. Focus(FHWA-HRT-05-029), 1. Retrieved from www.fhwa.dot.gov Web site: https://www.fhwa.dot.gov/publications/focus/05aug/02.cfm YiannisK. (2013). In StudyMode (Ed.), What is GDP and why is it important? Retrieved from StudyMode.com Web site: http://www.studymode.com/essays/What-Is-Gdp-And-Why-Is-40525519.htmlBeardsley, S. (2009). Managing regulation in a new era. Mckinsey Quarterly, 1(1), p90-97. 8p. Retrieved from ebscohost.com Web site: http://eds.b.ebscohost.com.proxy1.ncu.edu/eds/detail?sid=d7105873-2f7d-4b58-80d8-c7b94d0f5a87%40sessionmgr113&vid=1&hid=116&bdata=JnNpdGU9ZWRzLWxpdmU%3d#db=bth&AN=36387187

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