Why do Business Majors Study Law?
Managers need to understand the fundamentals of the law, just as they need to understand the fundamentals of accounting, finance, and human behavior. As managers rise in the corporate hierarchy, they face increasingly complex legal issues.
“Corporate leaders who understand the law and the structures of power in the U.S.A. have a unique capacity to protect and enhance share-owners wealth.” 1
1 Tim Hinthorne, “Predatory Capitalism, Pragmatism, and Legal Positivism in the Airline Industry,” Strategic Management Journal vol. 17 (1996): 251-270.
Southeast Missouri State University has received AACSB (Association to Advance Collegiate Schools of Business) International Accreditation. AACSB International is the professional association for college and university management education and the premier accrediting agency for bachelor's, master's, and doctoral degree programs in business administration and accounting.