Making Successful Decisions through the Strategy, Law & Ethics Model
Get to grips with the processes behind effective business, personal and leadership decisions with this eight-week course.
Duration
9 weeksWeekly study
3 hours
Making Successful Decisions through the Strategy, Law & Ethics Model
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Learn how to make effective decisions using the strategy, law and ethics model
Effective decision making is based on the three key pillars of strategy, law, and ethics. This practical, framework-based course from the University of Michigan will show you how to combine these three pillars and ultimately make successful business, personal and leadership decisions.
Discover how the three elements of strategy, law and ethics can be combined as a decision making model
You’ll start the course with an example of a leadership decision; ex-president Barack Obama’s strategic decision to kill Osama Bin Laden, the founder of the terrorist organisation Al Qaeda.
Using a global perspective, you’ll then be shown how the three elements of strategy, law and ethics can be combined and used to prevent a tragedy.
Understand how to make successful business decisions through the model
The rest of the eight-week course will focus on showing you how to make successful business decisions through the strategy, law and ethics model. This concerns creating value (strategy) and managing risk (law) in an effective manner (ethics).
Using practical legal briefings and many case studies, you’ll be shown how to attract the best employees to a business, develop successful products, create new business models, protect intellectual property, create contracts that achieve business goals and use dispute resolution processes to improve business relationships.
Learn from experts in the decision-making field at the University of Michigan
As the number one ranking public research university within the United States, the University of Michigan has been a leader in research, learning, and teaching for more than 200 years.
You’ll be guided throughout by experts in the field, and will cover both US and international decision making strategies.
Syllabus
Week 1
Welcome to Making Successful Decisions through the Strategy, Law & Ethics Model!
Introduction and Overview
This week you have an opportunity to get to know about the faculty, university and the course.
Week 2
Use the Three Pillar Model for Personal, Leadership and Business Decisions
Course Materials
In this activity, you will get a glance at what's going to be covered this week, with an optional reading. There is also an ungraded quiz to test your knowledge before you begin this week.
Use the Three Pillars for Personal and Leadership Decisions
This part focuses on the Three Pillars as it relates to Personal and Leadership Decisions
Use the Three Pillars for Business Decisions
This part focuses on the Three Pillars as it related to Business Decisions
Course Organization and a Practical Decision-Making Tool
Course Organization and a Practical Decision-Making Tool
Understand the Global World of Business
This part focuses on understanding the World of Business from a global perspective
Wrap up
This activity consists of a discussion post and a test.
Week 3
Use Employment Law to Attract and Retain the Best Business Talent
Course Materials
This part focuses on what is being covered this week. You are also provided an optional reading. There is also an ungraded quiz, testing your knowledge of what you already know.
Employee Legal Rights: The Big Picture
This activity provides you a chance to understand and blue sky an employee's legal rights.
Legal Briefing: Understand Wrongful Discharge in the US and Elsewhere
This activity focuses on legal briefings. This will help you understand wrongful discharge in the US and elsewhere
Risk Management: Manage Wrongful Discharge Risks
In this activity, you will learn about Risk Management. specifically on how to Manage Wrongful Discharge Risks
Legal Briefing: Understand Anti-Discrimination Laws and Sexual Harassment
In this activity you will learn about Legal Briefing:Understand Anti-Discrimination Laws and Sexual Harassment
Risk Management: Manage Sex Discrimination Risks (A Case Study)
Risk Management: Manage Sex Discrimination Risks (A Case Study)
Value Creation: Attract and Retain the Best Talent
In this activity, you will learn about Value Creation: and how to Attract and Retain the Best Talent
Wrap up
This activity consists of a discussion post and a test.
Week 4
Meet Your Customers’ Needs: Transform Product Liability into Product Innovation
Course Materials
In this activity, you will get a glance at what's going to be covered this week, with an optional reading. There is also an ungraded quiz to test your knowledge before you begin this week.
Legal Briefing: The Tort Law Fundamentals that Everyone Should Understand
In this activity, you will learn about Legal Briefing: The Tort Law Fundamentals that Everyone Should Understand
Manage Risks Caused by Employee Torts: A Cell Phone Example
Manage Risks Caused by Employee Torts: A Cell Phone Example
Legal Briefing: The “Two Hats” You Wear When Dealing with Product Liability
In this activity you will learn about Legal Briefing: The “Two Hats” You Wear When Dealing with Product Liability
Manage the Liability Risks that You Create Through Your Contracts
In this activity, you will learn about, how to Manage the Liability Risks that You Create Through Your Contracts
Understand the Dramatic Impact of Strict Liability on Your Business
In this activity, you will learn about and Understand the Dramatic Impact of Strict Liability on Your Business
Manage Your Tort Risks From Making or Selling Products
In this activity you will learn how to Manage Your Tort Risks From Making or Selling Products
Use Your Product Liability Process to Create Value Through New Product Development
Use Your Product Liability Process to Create Value Through New Product Development
Wrap up
This activity consists of a discussion post and a test.
Week 5
Create Business Opportunities Through Government Regulation
Course Materials
In this activity, you will get a glance at what's going to be covered this week, with an optional reading. There is also an ungraded quiz to test your knowledge before you begin this week.
Legal Briefing: Government Regulation Fundamentals that Everyone Should Understand
In this activity, you will learn about Legal Briefing: Government Regulation Fundamentals that Everyone Should Understand
Government Regulation Risk Management
In this activity you will learn about: Government Regulation Risk Management
Value Creation: Use the Regulatory Frontier Strategy and the Regulatory Gap Strategy to Develop New Products and New Business Models
In this activity you will learn about: Value Creation: Use the Regulatory Frontier Strategy and the Regulatory Gap Strategy to Develop New Products and New Business Models
Wrap up
This activity consists of a discussion post and a test.
Week 6
Use Your Intellectual Property to Create Shareholder Value
Course Materials
In this activity, you will get a glance at what's going to be covered this week, with an optional reading. There is also an ungraded quiz to test your knowledge before you begin this week.
Understand the Value of Intellectual Property in Your Business
This activity focuses on the Value of Intellectual Property in Your Business
Create, Protect and Use Your Trademarks
This activity focuses on how to Create, Protect and Use Your Trademarks
Create, Protect and Use Copyrighted Works
This activity focuses on Create, Protect and Use Copyrighted Works
Create, Protect and Use Your Trade Secrets
This activity focuses on how to Create, Protect and Use Your Trade Secrets
Create, Protect and Use Your Patent Rights
This activity focuses on how to Create, Protect and Use Your Patent Rights
Wrap up
This activity consists of a discussion post and a test.
Week 7
Develop Contracts that Create Value for Both Sides
Course Materials
In this activity, you will get a glance at what's going to be covered this week, with an optional reading. There is also an ungraded quiz to test your knowledge before you begin this week.
International, Business, and Personal Perspectives on Contracting
This activity focuses on International, Business, and Personal Perspectives on Contracting
Know the Sources of Contract Law
This activity focuses on knowing the Sources of Contract Law
Create Enforceable Contracts
This activity focuses on Enforceable Contracts
Focus Your Contracts on Business Objectives for Value Creation
This activity Focuses on Your Contracts on Business Objectives for Value Creation
Wrap up
This activity consists of a discussion post and a test.
Week 8
Use Dispute Resolution Processes for Value Creation
Course Materials
In this activity, you will get a glance at what's going to be covered this week, with an optional reading. There is also an ungraded quiz to test your knowledge before you begin this week.
Understand Why Dispute Resolution Is Important to Business Success
This activity focuses on understanding Why Dispute Resolution Is Important to Business Success
Prevent Business Disputes
Prevent Business Disputes
Understand and Use ADR Concepts and Tools
Understand and Use ADR Concepts and Tools
Use Arbitration to Resolve Your Business Disputes (A Videotaped Demonstration)
This activity focuses on how to Use Arbitration to Resolve Your Business Disputes and a Videotaped Demonstration
Use Mediation to Resolve Your Business Disputes (A Videotaped Demonstration)
This activity focuses on hoe to Use Mediation to Resolve Your Business Disputes and a Videotaped Demonstration
Create Value and Build Relationships Through the Power of Apology and a Life Goals Analysis
This activity focuses on how to Create Value and Build Relationships Through the Power of Apology and a Life Goals Analysis
Wrap up
This activity consists of a discussion post and a test.
Week 9
Create and Lead an Ethical Business
Course Materials
In this activity, you will get a glance at what's going to be covered this week, with an optional reading. There is also an ungraded quiz to test your knowledge before you begin this week.
Do Your Ethical Decisions Depend on Your Situation or on Character?
This activity focuses on: Do Your Ethical Decisions Depend on Your Situation or on Character?
Use This Process When Making Ethical Decisions
This activity focuses on the Process for Making Ethical Decisions
Consider This Checklist of Guidelines When You Face Ethical Dilemmas
This activity provides a Checklist of Guidelines When You Face Ethical Dilemmas
“Walk the Talk”: How to Lead an Ethical Organization
This activity focuses on: How to Lead an Ethical Organization
Wrap up
Congratulations on completing the course. This activity consists of a discussion post and a test.
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Explore the three pillars (strategy, law and ethics) required for successful decision making
- Develop the skills for making successful business decisions
- Apply dispute resolution processes that improve business relationships
- Explore how to attract the best employees
- Explore how to create contracts that achieve business goals
- Understand how to develop successful products
- Understand how to create new business models
- Understand how to protect intellectual property
Who is the course for?
This course is suited for learners who are looking to understand how to make successful business decisions (both from the US and international perspectives) using the strategy, law and ethics model.
Who will you learn with?
Cambridge-educated professor at U of Michigan. In 2018, Executive Program Professor of the Year Award from an international group of business schools and ALSB Distinguished Career Achievement Award.
Who developed the course?
University of Michigan
As the #1 public research university in the United States, U-M has been a leader in research, learning, and teaching for more than 200 years, with 102 Grad programs in the top 10 — U.S. News & World Report (2019).
Established
1817Location
Ann Arbor, Michigan, USAWorld ranking
Top 30Source: Times Higher Education World University Rankings 2020
Learning on FutureLearn
Your learning, your rules
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- Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
- Stay motivated by using the Progress page to keep track of your step completion and assessment scores
Join a global classroom
- Experience the power of social learning, and get inspired by an international network of learners
- Share ideas with your peers and course educators on every step of the course
- Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others
Map your progress
- As you work through the course, use notifications and the Progress page to guide your learning
- Whenever you’re ready, mark each step as complete, you’re in control
- Complete 90% of course steps and all of the assessments to earn your certificate
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