Whether you`re the director of a multi-million dollar international company or the founding entrepreneur of a young startup, it`s important to understand the fundamental legal issues in business. In addition to protecting a business from losses due to illegal activities, understanding business law helps build credibility with your suppliers and customers. Investors and customers want to know that your business is there when they need your goods or services and that it is not at risk of being sued for potentially illegal business practices. Commercial/commercial law is used to refer to the branch of law that deals with those matters that are generally the subject of what may be called commercial transactions, i.e. it deals with contractual situations and the rights and obligations arising from commercial transactions between persons or companies. To run a successful business, managers need to understand the legal requirements of their country, region, state, and city. Most Master of Business Administration (MBA) programs, including online MBA programs, require students to be proficient in business law. In this course, we analyze global business activities from a moral perspective. We will also explore debates about what it means for a multinational company to compete successfully in the global marketplace with moral integrity, and what obligations it has to comply with transnational laws, codes of conduct and ethical guidelines. What is an MBA in Business Law? Business law is a broad field of study that encompasses laws and practices related to trade and people. There are many laws in place to protect consumers, business owners and everyone in between, and business law experts are trying to regulate and improve those laws.
Courses in this degree program may affect bylaws, federal laws, partnerships, bankruptcies, contracts, contracts, and unions. Students with a graduate degree in business law often pursue a career as a lawyer for government agencies or private companies. While legal positions are common, graduates with an MBA in this field are encouraged to explore a wider range of career opportunities. Careers in business law can touch on employment law, environmental regulations and intellectual property. Those with this training have worked as financial analysts or paralegals for various companies around the world. This course explains various schools of ethical thought and their application to business. MBA CORE COURSE Markets, Economy and Society deals with the responsibility of business people. It is based on the assumption that economics, like law and medicine, is a profession whose practitioners play an important role in society. When individuals enter the profession, they take on a certain set of responsibilities that come with the role. The goal of the course is to provide a realistic understanding of these responsibilities and a set of practical tools to help students carry them out. This is the only course in the MBA program that focuses on the question: What is the right thing to do in business? Other courses examine the causes and consequences of misconduct and the institutions that regulate conduct in business.
This course will also examine these empirical topics, but only in the background. Instead, markets, firms, and society focus on normative considerations about gray area issues in the economy, which include value conflicts, conflicting responsibilities, ambiguous norms, factual uncertainties, aggressive interest groups, and intense time constraints. The course helps students develop their decision-making principles and develop implementation plans that meet relevant economic, legal and ethical responsibilities and meet the values and obligations of the organization. Deciding on a course of action requires careful analysis, thoughtful thinking and, in some cases, difficult trade-offs. By working on the decisions and dilemmas presented in the course, students will improve their decision-making and action planning skills while building their own decision-making frameworks. MBA programs, including online MBA programs, typically include courses in business law as a prerequisite for graduation and also for good reason. More and more companies are moving from lawyers to good managers. Avoiding legal problems in business is a safer way than having to hire lawyers when problems arise. The acquisition of a degree in business law can be carried out at many universities around the world.
International business programs with study abroad options are often available, and some schools offer online courses. Search for your program below and contact the admissions office of the school of your choice directly by filling out the main form. A study on current issues in international business law. The Law and Ethics section offers electives and special thematic courses that may be of interest to students across the spectrum of Fordham`s business programs. They cover topics such as securities law, international business law, business ethics, international business ethics, labour law, sports law, white-collar crime and business organisations. If you`re interested in business law, an MBA might be what you need to take your career to new heights. Whether you have courses in the field of law or are just starting to focus on an MBA is a great idea. The dual JD/MBA degree allows students to simultaneously study law and graduate courses in commerce leading to the Master of Business Administration (MBA) and Doctor of Jurisprudence (JD). All students in the Primary MBA program must complete BLGB 6310 Business Law I, which examines the requirements of a commercial contract as well as the rights and obligations of contracting parties. It also examines the functions of business organizations such as partnerships, limited liability companies and corporations. You must also complete the one-year course BLGB 6321 Markets, Economy and Society, which examines ethical issues in business. Master of Business Administration (MBA) Concentration in Business LawFor students interested in how legal concepts intersect with business, a concentration in Business Law is available in the MBA program.
Students interested in business law can enhance their MBA by learning about relevant current legal issues or expanding their knowledge by dealing with a variety of corporate and business topics. A business law student can learn many skills while earning an MBA. However, many of these characteristics are applicable to personal situations or other professional fields. Many students learn to negotiate problems and solve them creatively. Students can also improve their management skills. Many law schools now offer intensive courses in business law. However, companies have turned away from hiring lawyers. Elizabeth Olson, business reporter for The New York Times, points out that “corporate spending on legal services has increased only marginally over the past decade as companies have moved their work from outside law firms.” As mentioned earlier, companies save money when they avoid legal trouble, and online MBA programs train students to do just that. 1.
Evaluates and applies basic legal rules regarding contractual arrangements relating to the business world in order to effectively manage businesses. Managers should be familiar with legal issues in business. While many think this area is reserved for lawyers, a good manager knows enough about the law to avoid potential legal problems before a lawyer is needed. As lawyer Malcolm Campbell points out, “waiting to feel that there is a clear need for legal services often means that there is already a problem that needs to be solved.” Avoiding these problems in the first place is usually the best (and most cost-effective) course of action. Many students pursue a Master of Business Administration (MBA) to gain advanced business education. This type of degree can prepare students for supervisory careers in business and related fields.
