Business Law and Ethics-The Relationship between Law, Business, Ethics and Economics
In “Business, Law, and Society: The Systems Approach to Law and Management,” Constance Bagley presents a systems approach to law and management. This system explains the effect of public law on a competitive environment as well as the resources of firms. The author also demonstrates how a manager can become astute at using the law to exploit opportunities and develop a firm’s value proposition. Furthermore, the article discusses how a manager can use his or her legal knowledge to select and even perform some of the value chain activities. Constance Bagley goes further to describe the social context within firms operate. According to ...