Publication

2005 - Harvard Business School Press, Boston, Massachusetts

Language

English

Word Count

70,750 words, Guess

Page Count

283 pages

Identifiers

and 1 more
  • LibraryThing252639

Classifications

  • DDC346.7307
  • LCCKF390.B84 B347 2005

Description

This paper explores the value of actively managing the legal dimensions of business. It draws on the dynamic capabilities approach and postulates that "legal astuteness" defined here as the ability of the top management team to communicate effectively with counsel and to work together to solve complex problems is a valuable dynamic capability. This paper posits that law and the tools it offers are an enabling force legally astute management teams can use to manage the firm more effectively. In particular, it proposes that legally astute management teams can, inter alia, use formal contracts as complements to relational governance to define and strengthen relationships and reduce transaction costs; create options; protect and enhance the realizable value of knowledge assets and certain other resources - and convert regulatory constraints into opportunities.

Subjects

Other Editions

  • Winning legally: how managers can use the law to create value, marshal resources, and manage riskHarvard Business School Press2005-01-01

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