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Business and the Legal and Ethical Environment

Business and the Legal and Ethical Environment

We believe that the concepts of business law must be illustrated with real-life examples in order to be meaningful to you. The textbook contains dozens of these examples to help you understand the material. In addition, since the world of business moves at light-speed, we’ve created a blog just for you. Our blog, located at http://legalenvironment.gone.2012books.lardbucket.org, is continually updated with our discussion of news headlines that contain an application of business law. Your professor may assign you to read the blog on a regular basis. Even if it’s not assigned, we encourage you to check in regularly so that you can see how relevant and high-impact the legal environment is when it comes to the operation of businesses everywhere.

You can’t avoid having to learn the rules of law. We strongly believe, however, that merely memorizing the law won’t serve you, your future employers, or society. Faith in our capitalist corporate structure has been shaken by waves of scandal, from the greed exhibited by Enron to the arrogance demonstrated by Lehman Brothers to the incompetence displayed by General Motors and Chrysler. We assume that the business professionals in charge of those failed institutions all knew the law. In order to achieve profitable success that also delivers long-term value to all stakeholders, we believe you have to understand the reason for the law. More than anything else, it is this practical wisdom that we hope to impart to you. Our textbook is therefore designed to help you first understand the materials through the use of key learning objectives, then assimilate the material through the use of lively and interesting examples, and finally reinforce the material through key terms, key takeaways, and exercises.

We are passionate about teaching, and we hope that passion shines through in our textbook. If we can ignite that same passion in you for the legal environment, then we consider our task complete. We hope you enjoy this textbook, and we encourage you to contact us directly if you have any feedback for future editions.

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