Aims: To investigate the relationship between business and the societies within which they operate; exploring the relationships between corporate decision making and the economic, social, institutional and legal environment. To provide a framework within which students can explore the inter-relationships and interdependencies of core management disciplines. To introduce students to the fundamental legal concepts which affect businesses and the ways in which they function. To investigate aspects of the institutional, social and economic environment within which companies operate.
Learning Outcomes:
The unit will provide students with a firm understanding of the relationship between the economic, social and economic environment and corporate decision making. The legal aspects of this course will equip students to understand the law relevant to contracts and torts, and the structure of the courts through which legal rights are enforced. Students will be able to understand whether contract terms are applicable and the consequences of terms not being complied with. They also consider the liability of businesses and individuals in respect of relevant areas of criminal law. Students are given a standard set of contract terms and a business context which forms the basis of the coursework exercise and the examination.
Skills:
Students will further develop their analytical skills and ability to present and defend material through seminar based presentations and discussion. For the law aspect of this course the student will be taught to use legal method in gathering legal material (statutes and caselaw), analysing materials for the legal principles, and then applying those principles in the practical context of a continuous case study. Lectures are supplemented by smaller group tutorials in order to assist students in acquiring the required skills.
Content:
International competitiveness, training and education. Operating the Toyota manufacturing system in the social and economic environment of the UK. Firm strategy and the environment. UK firms in China: analyzing the impact of cultural and institutional factors on corporate behaviour and performance.
The legal aspects of the course will introduce concepts of different areas of law and the different types of action which may be brought. In the area of property and contracts, the formation of contracts, their validity, contents and enforceability will be examined. Performance of a contract and ways of resolving disputes are considered.
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