A Manager's Introduction to Business Law


Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number


Overview/Description
This course introduces managers to the fundamental concepts of business law. It begins by exposing some prevalent legal misconceptions shared by management and establishes the true role that law plays in society and business. The relationship between business ethics and law is explained and how managers serve as vital role models for demonstrating ethical business practices. This course also presents the basis and structure of the U.S. legal system and introduces relevant areas of business regulation. It outlines management's legal responsibilities and presents practical strategies for researching legal resources, for supporting legal counsel, and for proactively avoiding legal complications.

Target Audience
This course is designed for managers who desire an introduction to business law as it relates to their job responsibilities and duties.

Expected Duration (hours)
3.0

Lesson Objectives

The Truth about Business Law

  • recognize the benefits of management having an accurate understanding of business ethics and law.
  • recognize reasons why legal misconceptions can have a negative impact on an organization's overall business goals.
  • identify examples of ethical business practices that balance organizational goals with the good of society as a whole.
  • demonstrate ethical decision making in business.
  • identify the purpose of law in business.
  • recognize the relationship between business ethics and business law.

    • The Foundation of Business Law

  • identify the benefits of having a working knowledge of the foundational concepts of common law used in the U.S. legal process.
  • recognize the use of precedent and stare decisis in U.S. court decisions involving business law.
  • recognize the distinction between substantive and procedural law.
  • identify business rights that are guaranteed by the U.S. Constitution.
  • identify sources of U.S. law that apply to business practices.
  • identify the hierarchy of the federal and state judicial systems established by the U.S. Constitution and state constitutions.
  • identify the appropriate legal jurisdiction for common business concerns.

    • Managing with the Law in Mind

  • recognize the benefits of management having a working knowledge of business law.
  • recognize the legal distinction between crimes and torts.
  • identify areas of liability for managers in the workplace.
  • identify practical strategies that can be implemented by a manager to encourage ethical and legal business practice in the workplace.
  • recognize effective management strategies for supporting the legal counsel of the organization.

    • Course Number:
    LAW0101