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Making Successful Decisions through the Strategy, Law & Ethics Model

Approx. 22 hours to complete

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Course Summary

This course provides an overview of the strategic and ethical considerations that shape the legal landscape of modern business. Students will learn to navigate complex legal issues and make ethical decisions in the face of competing interests.

Key Learning Points

Understand the complex relationship between law, strategy, and ethics in modern business
Develop a framework for making ethical decisions in the face of legal and strategic challenges
Learn to anticipate and navigate legal risks in order to maximize value for your organization

Learning Outcomes

Develop a strategic and ethical framework for making business decisions
Identify and mitigate legal risks in order to protect your organization
Understand the importance of corporate governance and compliance in modern business

Prerequisites or good to have knowledge before taking this course

Basic understanding of business principles
Familiarity with legal terminology

Course Difficulty Level

Intermediate

Course Format

Self-paced online course
Video lectures
Interactive quizzes and case studies
Discussion forums

Similar Courses

Corporate Legal Strategy
Business Ethics
Risk Management for Enterprises and Individuals

Related Education Paths

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Description

Successful decision making is based on three key pillars: strategy, law and ethics. After taking this course you will be able to use a practical framework based on these three elements to make successful business, personal and leadership decisions.

This course opens with an example of a leadership decision: President Barack Obama’s strategic decision to capture or kill Osama bin Laden. The course then shows how the three elements can be used to prevent a tragedy when making a personal decision. The rest of the course focuses on making successful business decisions. In essence, to achieve business and career success, you must create value (strategy) and manage risk (law) in a responsible manner (ethics). Because the Law Pillar plays a central role in the three pillar model, the course includes practical legal briefings (with many examples) on the key elements of business success. Specifically, the course shows you how to: • attract the best employees, • develop successful products, • create new business models, • protect intellectual property, • create contracts that achieve business goals, and • use dispute resolution processes that improve business relationships. Using a global perspective, the course also provides an introduction to international business culture for learners from the United States, and an introduction to the U.S. business culture for learners from outside the U.S.

Outline

Welcome to Making Successful Decisions through the Strategy, Law & Ethics Model!
Course Goal and Game Plan
Introduction to the University of Michigan
How to Succeed in this Course
Help us learn more about you!
Earning a Course Certificate
About the Professor
Syllabus
Suggested Readings

Use the Three Pillar Model for Personal, Leadership and Business Decisions
Use the Three Pillars for Personal and Leadership Decisions
Use the Three Pillars for Business Decisions
Recognize the Gap Between the Strategy Pillar and the Law Pillar
Close the Gap: Become a Legally Savvy Leader
Course Organization and a Practical Decision-Making Tool
Develop a Global Mindset
Understand Litigation from a Global Perspective
Beware of the Impact of “Discovery” on Your Daily Work
After completing this module, you will be able to:
Suggested Readings
Show What You Know

Use Employment Law to Attract and Retain the Best Business Talent
Employee Legal Rights: The Big Picture
Understand Wrongful Discharge Law: US vs Other Countries
Beware of Exceptions to the Employment at Will Rule
Manage Your Wrongful Discharge Risks
Manage Your Defamation Risks
Understand Anti-Discrimination Laws and Sexual Harassment
Manage Sex Discrimination Risks: A Case Study
Value Creation: Attract and Retain the Best Talent
After completing this module, you will be able to:
Suggested Readings
Show What You Know

Meet Your Customers’ Needs: Transform Product Liability into Product Innovation
Understand the Intentional Tort “Baggage” that Can Destroy a Business
Understand Your Risks from Negligence and Strict Liability
Recognize the Business Liability Risks That Arise From Actions of Employees
Manage Your Risks Caused by Employee Torts: A Cell Phone Example
The “Two Hats” You Wear When Dealing with Product Liability
Exercise Care When Giving Warranties
Override the Implied Warranties That Accompany Your Products
Understand the Dramatic Impact of Strict Liability on Your Business
Balance Risk and Benefits When You Design Products
Create a Corporate Veil to Manage Your Product Liability Risks
Use a Product Safety Team to Minimize Your Product Liability
Use Your Product Liability Process to Create Value Through New Product Development
After completing this module, you will be able to:
Suggested Readings
Show What You Know

Create Business Opportunities Through Government Regulation
Understand These Fundamentals of Government Regulation
Beware of the Government’s Administrative Process
Use These Strategies and Tactics to Influence Development of the Law
Focus on Compliance and the Fifth “P” of Marketing to Manage Regulatory Risk
Value Creation: Use the Regulatory Frontier Strategy and the Regulatory Gap Strategy to Develop New Products and New Business Models
After completing this module, you will be able to:
Suggested Readings
Show What You Know

Use Your Intellectual Property to Create Shareholder Value
Understand the Value of Intellectual Property in Your Business
Understand How Trademarks Affect Your Business Success
Build Your Brand with These Types of Marks
Avoid These Trademark Problems
Decide When to Use Copyright Protection
Use Lessons from “The Social Network” and Other Examples
Know When Your “Fair Use” of Copyrighted Works is Allowed
Use This Checklist of “Reasonable” Efforts to Protect Your Trade Secrets
Understand How Trade Secret Rights Arise
Use These Key Lessons to Create and Protect Your Trade Secrets
Use the Power of Patents to Protect Your Discoveries and Inventions
Understand the Seven Step Process Before Deciding to Obtain a Patent
After completing this module, you will be able to:
Suggested Readings
Show What You Know

Develop Contracts that Create Value for Both Sides
Introduction to the Contract Module
Understand International, Business, and Personal Perspectives on Contracting
Know the Sources of Contract Law
Enter into an Agreement
Include Consideration and Determine Legality
Avoid Traps from Contract Writing Requirements
Focus Your Contracts on Business Objectives for Value Creation
After completing this module, you will be able to:
Suggested Readings
Show What You Know

Use Dispute Resolution Processes for Value Creation
Understand Why Dispute Resolution Is Important to Business Success
Prevent Business Disputes
Understand ADR Concepts
Use These ADR Management Tools
Resolve Your Disputes Through Arbitration
Resolve Your Disputes Through Arbitration (Conclusion)
Resolve Your Disputes Through Mediation
Resolve Your Disputes Through Mediation (Conclusion)
Closing Thoughts: Create Value and Build Relationships through the Power of Apology and a Life Goals Analysis
After completing this module, you will be able to:
Suggested Readings
Show What You Know

Create and Lead an Ethical Business
Do Your Ethical Decisions Depend on Your Situation or on Character?
Use This Process When Making Ethical Decisions
Consider This Checklist of Guidelines When You Face Ethical Dilemmas
“Walk the Talk”: How to Lead an Ethical Organization
After completing this module, you will be able to:
Suggested Readings
Show What You Know

Final Examination
Final Examination: Instructions and Honor Code
Post-course Survey
Keep Learning with Michigan Online
Final Exam

Summary of User Reviews

The course on strategy, law, and ethics received positive reviews from learners. Many users found the course content informative and useful for their professional development.

Key Aspect Users Liked About This Course

The practical examples and case studies provided in the course were highly appreciated by learners.

Pros from User Reviews

The course content is well-structured and easy to understand.
The instructors are knowledgeable and provide clear explanations.
The course offers practical insights into legal and ethical issues that arise in business.
The quizzes and assignments help learners to apply concepts learned in the course.
The course is suitable for professionals across different industries.

Cons from User Reviews

The course may be too basic for learners who are already familiar with legal and ethical concepts in business.
Some learners found the course to be too theoretical and lacking in real-world examples.
The course may not be suitable for learners who are looking for in-depth coverage of legal and ethical issues.
The course does not provide any certification or credential upon completion.
Some learners found the course to be too time-consuming.

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