The value of actively managing the legal dimensions of business
Subtitle: can legal competence be a source of sustained competitive advantage?
By: Constance E. Bagley
Contributors: Harvard Business School. Division of Research
Series: Working paper / Division of Research, Harvard Business School -- 05-020; Working paper (Harvard Business School. Division of Research) -- 05-020
Publisher: Division of Research, Harvard Business School
Published: 2004
Place of publication: Boston
Language: eng
Number of pages: 47
Description: In an exploratory effort, this paper draws on the resource-based view of the firm and the dynamic capabilities approach and postulates that "legal competence" can be a source of sustained competition advantage. It makes explicit the impact law has on strategy but does not view law as an exogenous force that mechanically determines the opportunities for value creation and risk management. This paper posits that law and the tools it offers are an enabling force managers can help shape and use to manage the firm more effectively and seeks to inaugurate a debate about the appropriate role of law in managerial practice, decision making, and education.
Notes: "September 30, 2004"--Added t.p.

Includes bibliographical references.