Business law case studies deal with various issues related to business organizations, transactions, contracts, sales etc. But have you considered the role Artificial Intelligence (AI) plays in the prevention of corruption? If you are currently writing a case study, you should give this topic a little bit of thought.
So, if you were to provide business law case studies with answers, you should consider the points mentioned below. The points stated below will especially be helpful when you are highlighting the benefits of AI.
But, first, let us have a look at the benefits of AI in deterring corruption.
Advantages of AI in Preventing Corruption
The pros of AI in businesses are highlighted below.
It detects anomalies or predict patterns that help us to determine that corruption is taking place
AI bots and tools can successfully replace corruption-prone processes
It helps in understanding the patterns of power abuse, forensic data science, and analyzing the phenomenon of lobbying
It takes care of surveillance issues and helps in mitigating privacy concerns
Now that you are aware of the benefits of AI, you can include these steps in the solution section of the business law case studies.
How to Write a Quality Business Law Case Study?
It is time to take a look at the steps you need to follow to write a case study. You must:
1. Know the Requirements
First, you must read the case scenario. If you are unable to understand the question, clarify the issues with your teachers or friends. Moreover, you should scour through various resources to gather interesting information for your content.
2. Start with an Interesting Introduction
You must write a catchy introduction to draw the attention of the professors. Do not forget to include a debatable thesis statement. Since, you will be focusing on corruption, provide a brief context of the situation in the introduction.
3. Include SWOT and PESTLE Analysis
You must include SWOT and PESTLE to provide a detailed insight into the present status quo of the organization. Moreover, you should make sure that you discuss all the external and internal factors when you write the business law case studies with answers.
4. Provide Validated Solutions
Once you analyze the case incorporating intriguing validations in the form of graphs, statistics, figures, etc., you need to provide reasonable solutions. Here, you must highlight the importance of AI and state how it will enhance the process of business transactions and prevent corruption.
5. Include Recommendations
After you provide the solutions, it is time to voice your opinion on the issue. Furthermore, you should recommend the steps you need to take to curb the corruption issues. Do not forget to suggest alternative steps.
If you follow the tips shared above, you will find that you are able to produce quality business law case studies. However, there is one more aspect you need to do to end your case study on a high note, i.e., write a precise conclusion. And once you are through with the entire process, you have to proofread your content to rectify the mistakes.
Reference From- Business Law Case Studies
Several laws depend on the type and kind of your business, and you will need them at every step while establishing your business.
During the formation, business laws vary on the type of business organization you want to establish, like a sole proprietorship, partnership, LLC, etc.
One must know their rights and circumstances, and in business contracts, the signatures of two or more parties who are making a contract must have their signatures.
There are several kinds of possible conflicts in any organization- Employment disputesComplaints regarding discriminationDisputes revolving around any contractBreach of fiduciary dutyIntellectual property infringement Other Classification of Business Laws That Fall Under the Regulation of Commercial Entities and Regulation of Commercial Transactions Other types of business laws are as follow: Business Finance Law Business finance laws regulate the finances of a firm or company.
Finance and capital flow is a crucial aspect of young growing startups and companies.
There was a further amendment under the 2013 Act (3(1)(c)) where one person company OPC could only form with one member in the company, also known as a sole proprietorship.
This leads the students to produce an incomplete case study.Here are the common problems faced by students while writing a case study:-· Overlapping Laws:-At times, some cases are a bit crucial.
In such situations, there could be an overlapping of more than two laws in a single case.
This may confuse students in analyzing which one has a significant impact.· Too Many references:-Sometimes there can be too many references.
Also sometimes you are on the right track, but due to these references, you may get confused and mess up thing according to it.Related post-Importance of Law Studies for Business Students· Lack of Proper Resources:-Sometimes there is a lack of proper resources that end up with lesser information to pen down.
It is also common that you may find some irrelevant source that may create a web of chaos.How Can You Help Yourself:-These are the hurdles that one faces while doing his/her assignment.
The study will help you get clear about the laws and their implementation.· Try to read the references by experts only.
Cash flow is the movement of cash in and out of business.
Cash flow can be of two types if the cash inflow is more than cash outflow it is called Positive Cash flow but if the cash outflow is more than cash inflow then it is called negative cash flow.
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