What's law got to do with it
Subtitle: a systems approach to management
By: Constance E. Bagley
Series: Working paper / Division of Research, Harvard Business School -- 06-038; Working paper (Harvard Business School. Division of Research) -- 06-038
Publisher: Division of Research, Harvard Business School
Published: 2006
Place of publication: Boston
Language: eng
Number of pages: 34
Subjects: Commercial law
Description: This paper embeds legal considerations in mainstream management theory and frameworks. It proposes a systems approach to law and management that explains how law affects the competitive environment, the firm's resources, and the activities in the value chain. This is a dynamic model that recognizes that firms and markets are part of a broader system of society and that managerial actions will affect the law and how it is interpreted and applied over time. The paper suggests that the ability of managers to communicate effectively with counsel and to work together to solve complex problems and leverage the resource advantages of the firm-what this paper refers to as "legal astuteness"-may in certain contexts be a dynamic capability providing competitive advantage. A key objective of the paper is to spark greater academic interest in the legal aspects of management and to provide a theoretical predicate for multi-disciplinary empirical work on the role of law and legal astuteness in the achievement and sustainability of competitive advantage.
Notes: "April 10, 2006"--P. 2.

Includes bibliographical references.