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The 30 Day MBA, 4th Edition by Colin Barrow

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6

Business law

  • Forms of business
  • Employing staff
  • Innovation issues
  • Tax legalities
  • Trading regulations
  • Rules on mergers and acquisitions

Some business schools take law very seriously; for example, at Northwestern University’s Kellogg School and George Washington University, MBA students can take a joint MBA and JD (juris doctor), the basic professional degree for lawyers. Babson in Wellesley, Massachusetts has law as one of its core subjects. Penn State, on the other hand, offers only an optional module in the second year on ‘Business Law for Innovation and Competition’.

Nevertheless, lawyers dominate big businesses in the United States and both Congress and the Senate. In the UK around 12 per cent of MPs are either barristers or solicitors, ...

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