Winning Legally: The Value of Legal Astuteness
提出法律敏锐度是一种有价值的管理能力,能帮助企业通过合同、法律工具等获得竞争优势,适合研究公司治理和战略管理的学者阅读。
I postulate that “legal astuteness” is a valuable managerial capability that may provide a competitive advantage under the resource-based view of the firm. Law and the tools it offers are an enabling force legally astute management teams can use to manage the firm more effectively. In particular, I propose that legally astute management teams can use formal contracts as complements to relational governance to define and strengthen relationships and reduce transaction costs, protect and enhance the realizable value of resources, use legal tools to create options, and convert regulatory constraints into opportunities.