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Essay / The future of business law and what students will need to know to succeed
Anticipate what business law might look like in 20 years and provide your thoughts on what you think students will need to know to succeed in this field. Justify your answer. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Business law includes all the laws that govern the processes necessary to start, buy, sell, or manage a particular business. The different businesses involved include sole proprietorships, partnerships, limited liability companies and corporations (Nayler, 2006). As time passes, the world is entering an era where innovations are made from time to time and new ideas are frequently developed to start new businesses. Continuing to operate in the business world requires the development of frequent regulations due to the changing nature of business activities. New start-ups change their structure frequently and need new ways to govern them. Students of the future will need to learn about these frequent changes and the details of what it entails in order to know what to do to handle issues affecting different types of businesses. Laws are challenged and changed by consumers, parliaments and legal bodies due to the increasing evolution of consumer rights and desires (Cheeseman, 2015). In twenty years, students will have to learn the foundations of business law and the fundamental causes of their development in their current context. They will then need to know the various developments and amendments that have taken place over the years leading up to the laws that will then have been developed (Nayler, 2006). The basic principles governing these laws must also be transmitted to them in order to maintain the ethics (Marson, 2013) that they contained when they were created. Keep in mind: this is just a sample. Get a custom paper now from our expert writers.Get a custom essay. Business law courses will therefore have to adapt to the eras in which they will be developed, since times and consumer needs are constantly changing due to the many inventions and innovations taking place, always keeping students, men and women of business on alert. to changes in their professional environment. This will allow them to track their time and activities in the business world. They will then be able to orient themselves accordingly in their daily professional activities...