Legal Essay

444 WordsMay 7, 20132 Pages
1. There are four legal astute components that are used in the social media markets: A set of value-laden attitudes about the importance of law to firm success, a proactive approach to legal issues and regulation, the ability to exercise informed judgment when managing the legal aspects of business, context-specific knowledge of the law and the appropriate use of legal tools. The legal astute managers can use law to create and capture value and no manager risks during the five stages of business development: Evaluating the opportunity and defining the value proposition, which includes developing the business concepts for exploiting the opportunity, assembling the team, raising capital, developing, producing, and marketing the product or service, harvesting the opportunity through sales of the venture and an initial public offering of stock or reinvestment ad renewal. The four components of legal astuteness: a set of attitudes, a proactive approach, the ability to exercise informed judgment, and context-specific knowledge of the law and the appropriate use of legal tools. Legally astute managers recognize the importance of law to firm success and accept responsibility for managing the legal aspects of business. They also appreciate the need to meet societal expectations and realize that ethical considerations may determine how the law is applied in a given case. In a proactive approach they bring counsel in early in the cycle of decision-making. They are proactive and do not wait until the last minute to fight a fire that has already started or to bless a deal that has already been struck. Legally astute managers have... The legislative branch is made up of the two houses of Congress—the Senate and the House of Representatives. The most important duty of the legislative branch is to make laws. Laws are written, discussed and voted on in Congress. The President is

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