Business Policy and Strategy

Dynamic Business Law

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We wrote this book because our primary sense of who we are as professionals is that we are teachers. We play various roles in our careers, but we are especially dedicated to our students. We want them to listen, read, create, and evaluate more effectively as a result of their experience in a business law class. Above all, we want them to sense the importance and excitement of the law.
We tried to construct a book that contains the basics of business law but does not get bogged down in the kind of details that would be more appropriate in an upper-level law class.
It is our pedagogical features that provide the distinctive value of this book. Each feature stands by itself as an aid to the kind of learning we hope to encourage. Yet the features are also a cohesive unit, contributing both to the liberal education of the students who read it and to their skills as decision makers in a market economy.
Specifically, we provide what competing texts deliver, an examination of the basic questions, concepts, and legal rules of business law. Our text must address the power and authority of constitutions, statutes, case law, and treaties as sources of law. Together, the various elements of what we call “the law” make up the foundation and structure of the market exchange process.
Decisions to trade and produce require trust—trust that consumers, firms, workers, finan- cial institutions, and asset owners will do as they promise and that violations of such promises will be unacceptable in the marketplace. Without guarantees that promises will be kept, market exchanges would grind to a halt. Business law provides these guarantees and the boundaries within which certain promises can be made and enforced.
Market decisions are made in a context—a persistently changing context. The law, in turn, is dynamic in response. New technologies and business practices bring new disputes over rights and responsibilities in a business setting.
Future business leaders need knowledge of existing business law as well as a set of skills per- mitting them to adjust efficiently and effectively to new legal issues as they arise over the course of their careers.
We are excited about the contents of our features and want to explain the function of each of them in preparing students for leadership positions in business.

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Call Number

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Publisher

: .,

Collation

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Language

English

ISBN/ISSN

978-0-07-802384-2

Classification

NONE

Content Type

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Edition

Third Edition

Subject(s)

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Statement of Responsibility

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