African Business

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Category: Business and Industry

Date Submitted: 05/30/2009 08:14 PM

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1

Every business and businessperson need parameters for operation.

What is legal? Where can I find the laws I need to know? How do I

make decisions about legal conduct that, personally, is morally or

ethically troublesome to me? What if I have a disagreement with a

customer, employee, or shareholder? How can I resolve our differences?

What forums are available for airing disputes?

This portion of the book explains what law is, where it can be

found, how it is applied, and how legal disputes are resolved. Beyond

the legal environment of a business, what is its ethical posture? Beyond

operating a business within the bounds of the law, is the manager

making ethical choices and behaving honorably in the conduct of

business? Law and ethics are inextricably intertwined. A commitment

to both is necessary and helpful in ensuring smooth operations

and successful business performance.

Business: Its Legal, Ethical, and Judicial Environment

1

PART

0324678452, Business: Its Legal, Ethical, and Global Environment, Marianne Moody Jennings - ©Thomson

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Most people understand the law through their own experiences with it. More often

than not, people are exposed to law through some personal problem. Some are exposed

to law through traffic tickets. Others encounter the law when a problem arises

with a landlord or lease. Many wonder about their rights when their e-mail is flooded

with advertisements. Their understanding of the law may be limited by the anger they

feel about the spam, their landlord, the traffic ticket. However, if there were no traffic

laws, the roads would be a study in survival of the fittest; and, in the case of a

troublesome landlord, the law provides a remedy when parties do not meet their

agreed-upon obligations. We are just now grappling with the issue of spam and its related

technological and privacy issues, and new laws are being developed and enforced

to cover those who invade our electronic in-boxes.

Types...