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What’s happening this week at the intersection of management and technology: The pitfalls of automation; government support for AI initiatives; can computer code produce iron-clad contracts?
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Here’s a strategic angle that most businesses don’t think about: how they can use the law to secure strategic business goals. Leading companies such as the Walt Disney Company have managed to deploy their legal departments to shape the legal environment in order to secure long-term competitive advantages. But approaching legal issues in sophisticated and creative ways isn’t generally a specialty of most C-suite executives. That’s where a “chief legal strategist” comes in.
At what point do corporate executives become personally liable for their companies’ failure to take action on climate change? This question is moving into focus as more company executives are being held accountable for business practices and decisions that harm the public. Climate activists look at precedents in the tobacco industry and asbestos manufacturing as the potential basis of legal action against the fossil fuel industry’s leadership.
How can companies use the law to gain strategic advantages? Some companies move beyond viewing the law just in terms of compliance and use their legal environment to secure a competitive advantage. Companies can adopt one of five types of legal strategies: avoidance, compliance, prevention, value or transformation. The right strategy for a company will depend on factors such as its business model, managers’ attitudes toward the law and the legal department’s ability to collaborate with managers.
The introduction of Google’s breakthrough wearable computer, Google Glass, creates numerous possibilities for risky behavior on the part of Glass users. Should companies on the cutting be held responsible for their customers’ poor judgment in using new tech? There are legal and social precedents that say they should, but business and corporate responsibility expert Christine Bader suggests ways companies can combat this problem.
When can a CEO’s Facebook post get his or her company in trouble? The SEC is investigating whether a Facebook post by Netflix CEO Reed Hastings violated its Fair Disclosure Regulation.
U.S. prosecutors are imposing giant fines and imprisoning managers when regulatory compliance problems arise. Know how to protect your company and yourself when a legal crisis hits.
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