Topic > 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 give your opinion on what you think students will need to know to succeed in the industry. Provide a rationale for your answer. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Business law includes all the laws that govern the processes necessary to start, buy, sell, or operate a particular business. The various businesses involved include sole proprietorships, partnerships, limited liability companies and corporations (Nayler, 2006). As time progresses, the world is entering an era where innovations are made every now and then and new ideas are developed frequently to start new businesses. Ongoing activities in business require the development of frequent regulations due to the changing nature of business activities. New start-ups often change structures and need new ways of governing them. Students of the future will need to understand these frequent changes and the details of what they entail in order to know what to do in managing issues regarding various types of activities. Laws are contested and changed by consumers, parliaments and legal bodies due to increasing changes in consumer rights and desires (Cheeseman, 2015). Twenty years from now, students will have to learn the fundamentals of commercial laws and the fundamental causes of their development in the current context. They will therefore need to know the various developments and changes that have taken place over the years leading up to the laws that have been developed later (Nayler, 2006). The basic principles that govern such laws must also be passed on to them in order to maintain the ethics (Marson, 2013) that they contained when they were first created. Please note: this is just an example. Get a custom paper from our expert writers now. Get Custom Essays Business law courses will therefore have to be adaptive to the times in which they are developed because the times and needs of consumers are constantly changing due to the numerous inventions and innovations taking place always keeping students, businessmen and women alert business to changes in their work environment. This will allow them to track their time and activities in business. They will then be able to orient themselves accordingly in their daily work activities.