One of the most important aspects of “The Tipping Point” and its relation to business law is that it helps to show that everything has a certain limit before things tend to spiral out of control. The best example that I can think of is the modern day popular culture. In the movie “Star Wars Episode 1: The Phantom Menace”, it can be seen that the Trade Federation had blockaded the planet of Naboo due to the constant increase in the number of trade restrictions levied on them by the Galactic Republic.
This is an effective example that clearly shows what happens when business law is “taken too far”, so to speak, when it is applied to corporate activities. While corporations are fine with adhering to the precepts of business law and following the various regulations associated with it, the implementation of overly restrictive laws and limitations can result in a buildup of resentment and discontent among companies.
The end result is an inevitable backlash which can be manifested in the form of companies simply refusing to do business in certain regions due to what they deem as an “adverse business climate” which potential profits do not justify the amount of effort spent operations within that market.
This relates to my course in business law since it shows that a fine line must be tread that balances the need for sufficient restrictions, regulations and enforcement and the necessity of ensuring that what is being implemented is not “overly suffocating” for companies in general. If this aspect is not adhered to, it is likely that resent could also grow considerably resulting in an inevitable tipping point that would cause adverse ramifications for local economies.
Another interesting aspect of “The Tipping Point” and its relation to business law can be seen in examples related to workplace harassment laws and the implementation of broad minimum wage limits that are put in place to assist workers. What must be understood is that while business law has been around for quite some time, aspects related to workplace equality, lawful worker compensation and workplace harassment prevention are actually relatively “new” within the context of laws that have been developed in order to direct companies regarding the proper treatment of their workers.
When looking at the concept of “The Tipping Point” and how it relates to my course in business law, it can be seen that new laws that constrain or limit corporate activities at times come about due to a tipping point in public sentiment regarding particular issues.
For instance, aspects related to sexual harassment in the workplace, minimum wage laws as well as laws that prevent discrimination in hiring practices have all come about due to a tipping point being reached in the court of public opinion which inevitably results in new regulations being created in order to address these apparent issues.
What this shows is that if enough negative public sentiment is developed then this can actually manifest in new business laws. This showcases an interconnection between the concept of a tipping point enacting change and business laws being developed in order to bring about the desired change. Overall, this paper has shown how the book “The Tipping Point” can have relevant perspectives when it comes to business law development.