Please, specify your valid email address, Remember that this is just a sample essay and since it might not be original, we do not recommend to submit it. Business laws also provide unauthorized use of intellectual property of the business entities. The relevance of business law to business students is : Definition of Business Law: Business law encompasses all of the laws that dictate the way to type and run a business. There needs to be certain rules and regulations to carry on various timely operations in any business regardless of the type of business. 5. HAVEN’T FOUND ESSAY YOU WANT? Business law also provides security for business entities against such acts. It is designed for high school students and includes a graph and questions teachers can use in the classroom. Other areas to consider include corporate and company law, which covers all aspects of business operating constraints as well as corporate structure. Business law makes it mandatory for all the businesses to maintain an ethical conduct which in turn pleases the buyers and they form a good image of the business. The higher the person in the organisational hierarchy making the decision, the greater the understanding of the legal implications of a decision is expected to be. Consumers’ right for valued and quality goods and services are also provided by business laws. “Managers must become more astute about the legal environment around them, and be willing to challenge and work with counsel to achieve best outcomes,” she told Sean Silverstone at Harvard Business School. To protect Consumer Rights. To protect Intellectual Property of business entities. For more information you may request for a free catalogue at http://www.salford.rkc.edu/catalogue?j=face_an. Business law also defines guidelines for providing reliable financial information such as financial statements of business entities. After all, they may have joined a management programme with the dream of becoming a manager in a multinational company in which they might assume there will be teams in of lawyers in place to take care of any legal implications. To define Regulations for Business Operations. Dr. Tabrez Ahmad KIIT Law School, KIIT University 2. Harvard Business School Professor Constance Bagley agrees that a thorough understanding of business law is not just for lawyers. One of our Education Advisors will get in touch with you shortly and will explain the programme in greater detail and answer all of your questions. To protect Employee and Employer Rights. They are too important to delegate to lawyers who, while experts on the legal details, will not necessarily understand your broader business objectives. we might edit this sample to provide you with a plagiarism-free paper, Service During business operations, disputes may occur due to difference in interests or some other reasons amongst the stake holders such as – owners, employers, suppliers, different entities, government, etc. Many Management students might wonder about the need to study Law. How do I know this is real because I am really keened to grab this opportunity please contact me 0736192777. Many junior managers who may have limited understanding of the legal implications of management decisions may underestimate the importance of the law in the business world. Similarly, provision for employers’ rights are also necessary for their protection against unlawful demands and claims from workers. 6. From time to time we can read and hear about business scandals involving unethical and unlawful acts and exploitation of loop holes in regulations. The course should also cover corporate governance, which details the rules, practices and processes to direct and control a company. FOR ONLY $13.90/PAGE, Importance of the Office of the Investigator General…, The Importance of Law (Legal Back Up) to an…, Importance of Psychological Fitness in Law Enforcement, Criminal Investigation: Its History and Its…, Zuni Public School Dist. 2. For more information you may request for a free catalogue at http://www.salford.rkc.edu/catalogue?j=face_an. After all, they may have joined a management programme with the dream of becoming a manager in a multinational company in which they might assume there will be teams in of lawyers in place to take care of any legal implications. Striking the right balance between business decision-making and legal implications requires an experienced approach. SAMPLE. To provide Business Security. These parameters are typically considered externally and at the end of the business decision-making process. Business laws also provide unauthorized use of intellectual property of the business entities. Hello Vuyo, Thank you for your message and your interest. The students or the aspirants will easily get the knowledge of basics of business law, so that they can retain and sustain in … 8. 47 Bergen St--Floor 3, Brooklyn, NY 11201, USA, Sorry, but copying text is forbidden on this One of our Education Advisors will get in touch with you shortly and will explain the programme in greater detail and answer all of your questions. A better understanding of legal matters also provides a manager with a framework on which a decision can be made. Even for mid-sized companies, having legal teams in place to cover every eventuality may for practical purposes be out of the question. Business Law: An Introduction 5 slides a study aids. Privacy statement. © Southern Cross University | ABN: 41 995651 524 | Legals | Privacy | CRICOS Provider: 01241G, At the very moment a business is informed that a legal case has been brought against them, it’s too late – the legal…, For a long time, the legal world struggled with whether an organisation can be legally held responsible for the…, Just as there’s an art to writing great fiction, crafting an excellent essay and reporting an informative piece of…, Graduate Certificate in Educational Wellbeing, Graduate Certificate in Educational Inclusion and Diversity, Master of Information Technology Management, Graduate Diploma in Information Technology Management, Graduate Certificate in Information Technology Management, Graduate Certificate in Project Management, Graduate Certificate in Healthcare Leadership, Graduate Diploma of Mental Health Nursing, Graduate Certificate in Mental Health Nursing, she told Sean Silverstone at Harvard Business School, The future of law firms in a tech-driven business environment, Legal costs in litigation and how to avoid them.

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