As a world power and a prominent leader in the global economy, Corporate America has always been a major force to be reckoned with. But, with the decision of the U.S. Supreme Court up for grabs, it’s possible that its standing in the corporate world is about to take a hit. As the nation anxiously awaits to see who will be appointed the new justices of the Supreme Court, many in Corporate America are realizing that their future could be in jeopardy.
1. Corporate America challenges the Supreme Court
Many American corporations are challenging the authority of the Supreme Court in the legal system. This strategy of bypassing the highest court has the potential to not only weaken the system but also compromise security and authority. The issue is not just limited to the technology sector, many other corporations have also voiced dissent and discontent with the rulings of the court.
The Supreme Court is now facing the challenge of being seen as the authoritative figure that it is. Companies such as IBM, Microsoft, eBay and Amazon have adopted a strategy of filing objections and appeals to the Supreme Court before the question is even put to the justices. This technique is being used as a way to push for decisions that better favor the corporation in question. This technique might be falsely perceived as manipulation and is not in the best interest of the legal system.
These corporations have also been using methods such as crowdfunding legal funds to challenge the court. This approach is being used in a bid to gain public support for the issue at hand and pressure the court in making a ruling that is more suitable to the corporates’ desires.
The power of the Supreme Court has been threatened by these corporate actions and it will be interesting to see how the highest court in the US system responds.
2. Factors Impacting the Risk of Corporate Defeat
The Risk of Corporate Defeat is Influenced by Internal and External Factors
Though a business might have all the right moves in place and show sustained profit growth, there is never any guarantee of continued success. After all, corporate defeat is always a possibility. There are both internal and external influences that can contribute to this risk.
- Internally, the attitude of a business towards risk can play a major role in the potential of corporate defeat. If procedures and policies are carefully risk assessed and put into place, this can work to secure the future of a business. On the other hand, if a business has a lax attitude and fails to assess risks, it can be incredibly damaging.
- Externally, economic conditions, regulations and consumer trends can all potentially have an influence on a company. Poor winds in the economy can lead to serious downturns in profits and whether a company is able to recover from such events can depend on the decisions it makes along the way.
Overall, it is clear that external and internal factors can impact the risk of corporate defeat for any business. As such, it is vital to consider both perspectives when looking at risk and creating strategies in order to cushion the blow of an eventuality such as corporate defeat.
3. How Corporate America Can Keep the Supreme Court
The Supreme Court is the paramount judicial body of the United States and it’s essential that Corporate America uphold its independence. Here are three ways to ensure this occurs:
- Accept Its Authority: Corporate America should accept when a ruling is made by the Supreme Court even if it goes against their interests.
- Lobby Intelligently: When lobbying for a change to a ruling, Corporate America should do so thoughtfully and respect the legitimacy of the court. Using underhanded tactics could make the results of their lobbying less favorable.
- Engage Chief Justice: Corporate America should get to know Chief Justice John Roberts and understand the court’s dynamics. This could help inform better decisions when turning to the Court for help.
Additionally, it’s essential that Corporate America values and respects the Supreme Court. They should continue to push boundaries of law but do so within the framework of the court. Using the court to build their businesses is a part of democracy and they should use its power to help enrich their stakeholder’s lives.
4. The Unwanted Consequences of a Corporate Defeat
When a company loses its fight against external forces, there can be a score of hidden consequences that are sure to follow. Many of these unintended problems arise due to the domino effect activated by the initial defeat. Here are a few of the more common unwanted consequences.
- Financial Loss - Defeat in a corporate battle often results in the company losing a substantial amount of money. In some of the more extreme cases, a company could find itself bankrupt due to the after-effects of the blow.
- Uncertainty For Employees – When a company finds itself in a losing struggle, it can quickly lead to inevitable job cuts. This turbulent spell for its employees can bring a lot of stress and anxiety, creating a period of uncertainty.
- Damage to Reputation – Defeat at the hands of a competitor can damage a company’s perception. This can cost it a lot of customers and degrade its overall image.
What often starts as a minor setback for a company, can avalanche and trigger various unforeseen issues. Therefore, it is important for businesses to assess the risks adequately and attempt to mitigate the potential problems to come.
As the Supreme Court’s decision looms, Corporate America finds itself in an uncertain position. And while the outcome of this battle will ultimately determine the future course of corporate regulation, it is clear that the potential risk of further losses in the Supreme Court represent a serious challenge for today’s corporate America.