importance of business law to managers

Certain degree programs may not be available in all states. It strives to alleviate the impact businesses have on the environment and nature. Programs currently not available in this state. Business law defines different types of business for setup, such as - Partnership, Proprietorship, Corporation (Private and Public), etc. It’s important that businesses have their own field of law to protect them … Copyright 2018. Yet managers are expected to be aware of the legal implications their decisions might have on the organisation. Your email address will not be published. Whether you are an entrepreneur starting your own business, a manager advancing your career at a Fortune 500 company, or just starting out in the business world, studying business law will better prepare you for a successful and rewarding career in business. For example, standards are set in every workplace surrounding things like sexual harassment, or discrimination. Talk with an advisor, tell us a little about yourself, and then get ready for your first day. They protect the rights of the company, and of the people who work there, as well as help to establish a certain standard for how things should be run. The level of competition and antitrust are also involved. In a more detailed and direct definition, day to day operations is often directly correlated with business law, even if we don’t see it. Explore degree programs, understand tuition costs and learn what it's like to be a student at Ashford University. They protect the rights of the company, and of the people who work there, as well as help to establish a certain standard for how things should be run. For both business owners and people who work in the field of business law, it’s important to understand all sides of the project you’re working on. To spread. Lavish, unnecessary expenditure doesn’t help. Importance of business law By narrator environment, safety, etc all are protected with employment laws. Get a clear understanding of how much it costs to graduate from Ashford University. Required fields are marked *, UpGrad and IMT Ghaziabad presents PG Program in Management. It is an important topic to understand because business transactions are very intertwined with society. Find a degree program that fits your hopes, dreams, and life. Not everyone knows everything they need on the first try. You may wonder why students study business law–especially if you’re planning a career in business. Ashford University is accredited by the WASC Senior College and University Commission, 985 Atlantic Avenue, #100, Alameda, CA 94501, 510-748-9001. At Ashford, learning fits seamlessly with your on-the-go lifestyle. For first-time business owners, long-standing businesses owners, and self-starters who maintain their services as a business in and of itself should be aware of the basics revolving around business law. Law Practice Doctor. It aims to regulate pesticides, limit air and water pollution, chemical usage… It’s also important for business owners, managers, and supervisors to understand what rights the business has against other businesses and individuals. The importance of business law extends beyond the people that practice it—it’s incredibly important for business owners, new and old, to understand the fine details of business law, and how it will affect their company, as well as the people they intend to employ. 8. I consent to receive phone calls, email and/or text messages from Ashford University at the phone number provided. Use our Net Price Calculator and get a better understanding of tuition costs. This is an excerpt from the book ‘Business Law for Managers’ written by Anurag K Agarwal. You wouldn’t ship shoes to a retailer unless you had a way to force them to pay for the goods. A business can buy and sell property, sue and be sued, enter into contracts, hire and fire employees, and even commit crimes. This is what the author of Business Law For Managers aims to achieve. 2. The importance of business law stretches beyond what people might assume, which involves the livelihood of the employees that work for the business. It’s safe to assume that lawyers who have studied and practiced in this field for a very long time have a deep understanding of what they do. Business managers need to be realistic in borrowing and using borrowed money. You’ll need to buy a piece of property and build your factory, which will be very expensive. Gender/sex harassment, including gender/sex violence, is a form of prohibited gender/sex discrimination. Learn how you can balance your life while getting your degree online. For starters, let’s review what business law is. There are commonplace terms that businesses owners often talk about without maybe recognizing how it’s tied to business law. id=ASH.060419. You need to understand what rights your business has against other businesses, and individuals as well.

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