Law, Management, and Strategy: Collapsing Boundaries and Managing the Interstices

19 Pages Posted: 23 Aug 2017  

Adam J. Sulkowski

Babson College

Constance E. Bagley

Yale University

J.S. Nelson

Villanova Law School; Villanova School of Business; The Wharton School, University of Pennsylvania; Institute for Corruption Studies

Inara Scott

Oregon State University, College of Business

Paul Shrivastava

Concordia University, Quebec - John Molson School of Business

Sandra Waddock

Boston College - Carroll School of Management

Date Written: December 25, 2016

Abstract

Law undergirds the capitalist system and is “at the interface” of business and social relationships but remains largely walled off from many traditional approaches to management education, scholarship, and practice. Although a simple definition of law is “enforceable rules between individuals and individuals and society,” law is also a medium by which relationships among and obligations between management and internal and external stakeholders are negotiated and formalized. Law can also drive (or impede) innovation by creating new rights (or burdening new business models with undue regulation) and promote (or prevent) social change by setting the boundaries for acceptable corporate actions. Legal rules for disclosure and corporate governance can and have changed the rules of engagement between organizations and their internal and external stakeholders. Environmental regulations, complemented by responsible corporate decision-making, can profoundly affect the long-term viability of industries and of humans’ ability to coexist with the natural environment. Law, and management of legal dimensions of business, should be seen as inseparable from strategy, ethics, stakeholder engagement, and sustainability.

This interdisciplinary panel includes both legal and management scholars who focus in their teaching and research on these topics. As a matter of execution, this panel will also be at the interface: roughly half the time is budgeted for Q&A and conversation with attendees, moderated with a clear goal in mind. The goal is to stimulate awareness and actionable “take-away” ideas that (1) involve law and (2) relate to the teaching, research, and practice of strategy, business ethics, stakeholder engagement, and sustainability.

Keywords: law, management, strategy, interstices

Suggested Citation

Sulkowski, Adam J. and Bagley, Constance E. and Nelson, J.S. and Scott, Inara and Shrivastava, Paul and Waddock, Sandra, Law, Management, and Strategy: Collapsing Boundaries and Managing the Interstices (December 25, 2016). Available at SSRN: https://ssrn.com/abstract=3022313 or http://dx.doi.org/10.2139/ssrn.3022313

Adam J. Sulkowski

Babson College ( email )

231 Forest St.
Babson Park, MA 02457-0310
United States

HOME PAGE: http://www.babson.edu/Academics/faculty/profiles/Pages/sulkowski-adam.aspx

Constance E. Bagley

Yale University ( email )

20 Fox Den Way
New Haven, CT 06525
United States

HOME PAGE: http://winninglegally.com

Josephine Nelson (Contact Author)

Villanova Law School ( email )

299 N. Spring Mill Road
Villanova, PA 19085
United States

Villanova School of Business ( email )

800 Lancaster Avenue
Villanova, PA 19085-1678
United States

The Wharton School, University of Pennsylvania ( email )

3730 Walnut Street
Room 668 Jon M. Huntsman Hall
Philadelphia, PA 19104-6340
United States

Institute for Corruption Studies

Stevenson Hall 425
Normal, IL 61790-4200
United States

Inara Scott

Oregon State University, College of Business ( email )

443 Austin Hall
Corvallis, OR 97331
United States

Paul Shrivastava

Concordia University, Quebec - John Molson School of Business ( email )

1455 de Maisonneuve Blvd. W.
Montreal, Quebec H3G 1M8
Canada

Sandra Waddock

Boston College - Carroll School of Management ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

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