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Making Successful Decisions through the Strategy, Law & Ethics Model
  • Level Foundation
  • Duration 22 hours
  • Course by University of Michigan
  • Offered by

About

Successful decision making is based on three key pillars: strategy, law and ethics. After taking this course you will be able to use a practical framework based on these three elements to make successful business, personal and leadership decisions. This course opens with an example of a leadership decision: President Barack Obama’s strategic decision to capture or kill Osama bin Laden. The course then shows how the three elements can be used to prevent a tragedy when making a personal decision. The rest of the course focuses on making successful business decisions.  In essence, to achieve business and career success, you must create value (strategy) and manage risk (law) in a responsible manner (ethics). Because the Law Pillar plays a central role in the three pillar model, the course includes practical legal briefings (with many examples) on the key elements of business success. Specifically, the course shows you how to: • attract the best employees, • develop successful products, • create new business models, • protect intellectual property, • create contracts that achieve business goals, and • use dispute resolution processes that improve business relationships. Using a global perspective, the course also provides an introduction to international business culture for learners from the United States, and an introduction to the U.S. business culture for learners from outside the U.S.

Modules

Introduction and Overview

    • 2 Videos
    • 6 Readings
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2 Videos

  • Course Goal and Game Plan
  • Introduction to the University of Michigan

6 Readings

  • How to Succeed in this Course
  • Help us learn more about you!
  • Earning a Course Certificate
  • About the Professor
  • Syllabus
  • Suggested Readings

Course Materials

    • 2 Readings
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2 Readings

  • After completing this module, you will be able to:
  • Suggested Readings

Use the Three Pillars for Personal and Leadership Decisions

    • 1 Videos
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1 Videos

  • Use the Three Pillars for Personal and Leadership Decisions

Use the Three Pillars for Business Decisions

    • 3 Videos
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3 Videos

  • Use the Three Pillars for Business Decisions
  • Recognize the Gap Between the Strategy Pillar and the Law Pillar
  • Close the Gap: Become a Legally Savvy Leader

Course Organization and a Practical Decision-Making Tool

    • 1 Videos
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1 Videos

  • Course Organization and a Practical Decision-Making Tool

Understand the Global World of Business

    • 3 Videos
    • 1 Assignment
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1 Assignment

  • Show What You Know

3 Videos

  • Develop a Global Mindset
  • Understand Litigation from a Global Perspective
  • Beware of the Impact of “Discovery” on Your Daily Work

Course Materials

    • 2 Readings
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2 Readings

  • After completing this module, you will be able to:
  • Suggested Readings

Employee Legal Rights: The Big Picture

    • 1 Videos
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1 Videos

  • Employee Legal Rights: The Big Picture

Legal Briefing: Understand Wrongful Discharge in the US and Elsewhere

    • 2 Videos
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2 Videos

  • Understand Wrongful Discharge Law: US vs Other Countries
  • Beware of Exceptions to the Employment at Will Rule

Risk Management: Manage Wrongful Discharge Risks

    • 2 Videos
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2 Videos

  • Manage Your Wrongful Discharge Risks
  • Manage Your Defamation Risks

Legal Briefing: Understand Anti-Discrimination Laws and Sexual Harassment

    • 1 Videos
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1 Videos

  • Understand Anti-Discrimination Laws and Sexual Harassment

Risk Management: Manage Sex Discrimination Risks (A Case Study)

    • 1 Videos
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1 Videos

  • Manage Sex Discrimination Risks: A Case Study

Value Creation: Attract and Retain the Best Talent

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Show What You Know

1 Videos

  • Value Creation: Attract and Retain the Best Talent

Course Materials

    • 2 Readings
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2 Readings

  • After completing this module, you will be able to:
  • Suggested Readings

Legal Briefing: The Tort Law Fundamentals that Everyone Should Understand

    • 3 Videos
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3 Videos

  • Understand the Intentional Tort “Baggage” that Can Destroy a Business
  • Understand Your Risks from Negligence and Strict Liability
  • Recognize the Business Liability Risks That Arise From Actions of Employees

Manage Risks Caused by Employee Torts: A Cell Phone Example

    • 1 Videos
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1 Videos

  • Manage Your Risks Caused by Employee Torts: A Cell Phone Example

Legal Briefing: The “Two Hats” You Wear When Dealing with Product Liability

    • 1 Videos
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1 Videos

  • The “Two Hats” You Wear When Dealing with Product Liability

Manage the Liability Risks that You Create Through Your Contracts

    • 2 Videos
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2 Videos

  • Exercise Care When Giving Warranties
  • Override the Implied Warranties That Accompany Your Products

Understand the Dramatic Impact of Strict Liability on Your Business

    • 1 Videos
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1 Videos

  • Understand the Dramatic Impact of Strict Liability on Your Business

Manage Your Tort Risks From Making or Selling Products

    • 3 Videos
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3 Videos

  • Balance Risk and Benefits When You Design Products
  • Create a Corporate Veil to Manage Your Product Liability Risks
  • Use a Product Safety Team to Minimize Your Product Liability

Use Your Product Liability Process to Create Value Through New Product Development

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Show What You Know

1 Videos

  • Use Your Product Liability Process to Create Value Through New Product Development

Course Materials

    • 2 Readings
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2 Readings

  • After completing this module, you will be able to:
  • Suggested Readings

Legal Briefing: Government Regulation Fundamentals that Everyone Should Understand

    • 2 Videos
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2 Videos

  • Understand These Fundamentals of Government Regulation
  • Beware of the Government’s Administrative Process

Government Regulation Risk Management

    • 2 Videos
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2 Videos

  • Use These Strategies and Tactics to Influence Development of the Law
  • Focus on Compliance and the Fifth “P” of Marketing to Manage Regulatory Risk

Value Creation: Use the Regulatory Frontier Strategy and the Regulatory Gap Strategy to Develop New Products and New Business Models

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Show What You Know

1 Videos

  • Value Creation: Use the Regulatory Frontier Strategy and the Regulatory Gap Strategy to Develop New Products and New Business Models

Course Materials

    • 2 Readings
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2 Readings

  • After completing this module, you will be able to:
  • Suggested Readings

Understand the Value of Intellectual Property in Your Business

    • 1 Videos
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1 Videos

  • Understand the Value of Intellectual Property in Your Business

Create, Protect and Use Your Trademarks

    • 3 Videos
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3 Videos

  • Understand How Trademarks Affect Your Business Success
  • Build Your Brand with These Types of Marks
  • Avoid These Trademark Problems

Create, Protect and Use Copyrighted Works

    • 3 Videos
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3 Videos

  • Decide When to Use Copyright Protection
  • Use Lessons from “The Social Network” and Other Examples
  • Know When Your “Fair Use” of Copyrighted Works is Allowed

Create, Protect and Use Your Trade Secrets

    • 3 Videos
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3 Videos

  • Use This Checklist of “Reasonable” Efforts to Protect Your Trade Secrets
  • Understand How Trade Secret Rights Arise
  • Use These Key Lessons to Create and Protect Your Trade Secrets

Create, Protect and Use Your Patent Rights

    • 2 Videos
    • 1 Assignment
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1 Assignment

  • Show What You Know

2 Videos

  • Use the Power of Patents to Protect Your Discoveries and Inventions
  • Understand the Seven Step Process Before Deciding to Obtain a Patent

Course Materials

    • 2 Readings
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2 Readings

  • After completing this module, you will be able to:
  • Suggested Readings

International, Business, and Personal Perspectives on Contracting

    • 2 Videos
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2 Videos

  • Introduction to the Contract Module
  • Understand International, Business, and Personal Perspectives on Contracting

Know the Sources of Contract Law

    • 1 Videos
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1 Videos

  • Know the Sources of Contract Law

Create Enforceable Contracts

    • 3 Videos
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3 Videos

  • Enter into an Agreement
  • Include Consideration and Determine Legality
  • Avoid Traps from Contract Writing Requirements

Focus Your Contracts on Business Objectives for Value Creation

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Show What You Know

1 Videos

  • Focus Your Contracts on Business Objectives for Value Creation

Course Materials

    • 2 Readings
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2 Readings

  • After completing this module, you will be able to:
  • Suggested Readings

Understand Why Dispute Resolution Is Important to Business Success

    • 1 Videos
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1 Videos

  • Understand Why Dispute Resolution Is Important to Business Success

Prevent Business Disputes

    • 1 Videos
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1 Videos

  • Prevent Business Disputes

Understand and Use ADR Concepts and Tools

    • 2 Videos
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2 Videos

  • Understand ADR Concepts
  • Use These ADR Management Tools

Use Arbitration to Resolve Your Business Disputes (A Videotaped Demonstration)

    • 2 Videos
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2 Videos

  • Resolve Your Disputes Through Arbitration
  • Resolve Your Disputes Through Arbitration (Conclusion)

Use Mediation to Resolve Your Business Disputes (A Videotaped Demonstration)

    • 2 Videos
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2 Videos

  • Resolve Your Disputes Through Mediation
  • Resolve Your Disputes Through Mediation (Conclusion)

Create Value and Build Relationships Through the Power of Apology and a Life Goals Analysis

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Show What You Know

1 Videos

  • Closing Thoughts: Create Value and Build Relationships through the Power of Apology and a Life Goals Analysis

Course Materials

    • 2 Readings
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2 Readings

  • After completing this module, you will be able to:
  • Suggested Readings

Do Your Ethical Decisions Depend on Your Situation or on Character?

    • 1 Videos
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1 Videos

  • Do Your Ethical Decisions Depend on Your Situation or on Character?

Use This Process When Making Ethical Decisions

    • 1 Videos
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1 Videos

  • Use This Process When Making Ethical Decisions

Consider This Checklist of Guidelines When You Face Ethical Dilemmas

    • 1 Videos
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1 Videos

  • Consider This Checklist of Guidelines When You Face Ethical Dilemmas

“Walk the Talk”: How to Lead an Ethical Organization

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Show What You Know

1 Videos

  • “Walk the Talk”: How to Lead an Ethical Organization

Final Examination

    • 3 Readings
    • 1 Assignment
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1 Assignment

  • Final Exam

3 Readings

  • Final Examination: Instructions and Honor Code
  • Post-course Survey
  • Keep Learning with Michigan Online

Auto Summary

This engaging course, led by Coursera, focuses on making successful decisions through the Strategy, Law & Ethics Model, essential for business and management. Learners will explore strategic decision-making, illustrated by President Obama's decision on Osama bin Laden, and apply this framework to personal and business scenarios. Covering topics like employee attraction, product development, and intellectual property protection, the course includes practical legal insights and fosters a global business perspective. Designed for foundational learners, it offers flexible subscription options: Starter and Professional. Duration: 1320 minutes.

George Siedel
Instructor

George Siedel