EMT 664IT BUSINESS LAW SPRING 2012 Stevens Institute of Technology/Executive Masters of Technology Management Program EMT 664 - Exelis Business Law Spring 2012 STUDENT COURSE NOTES John Sogliuzzo Adjunct Professor Howe School of Technology Management Stevens Institute of Technology Hoboken, New Jersey 07030 Office Phone: 973-495-4219 Fax: 201-216-8355 Email: jsogliu@stevens.edu Howe School Alliance for Technology Management Executive MBA in Technology Management Program Program Coordinator: Antonella Bove (201-216-8322) EMTM Fax #: 201-216-8355 John Sogliuzzo, Adjunct Professor Stevens Institute of Technology | 1 12/1/11 EMT 664IT BUSINESS LAW SPRING 2012 Stevens Institute of Technology/Executive Masters of Technology Management Program 1. Course Description The course introduces students to the fundamental concepts and legal principles that they can expect to encounter in various roles as managers/professionals in public and private companies, consultants and/or entrepreneurs, together with the ethical criteria, moral values and social norms in the environments they will face. The course will cover the American judicial system, international law in a global economy, ethics and business decision making, different forms of business structure, contracts, business torts, products liability, insurance, employment law, criminal law and the recent DoddFrank Wall Street Reform & Consumer Protection Act. 2. Course Objectives Through the study of specific cases and legislation the student will develop a basic understanding of the interdependence of business, ethics and the law in a democratic free market society, as well as a global economy from which will flow an analytical ability to enable one to identify and weigh competing concerns in the managerial decision making process and their ethical ramifications. While students may come from a range of industries and positions across the value chain, they must be cognizant of the basic legal principles that are common to all. Accordingly, the course is relevant to all techno-management students irrespective of specific technical focus. 3. Relationship of Course to Rest of Curriculum/ Prerequisites The Business Law is a standalone course which is designed to introduce students to the concepts in business law along with the ethical issues that attend business interactions. . John Sogliuzzo, Adjunct Professor Stevens Institute of Technology | 2 12/1/11 EMT 664IT BUSINESS LAW SPRING 2012 Stevens Institute of Technology/Executive Masters of Technology Management Program 4. Learning goals After successfully completing the course, a student will be able to: Understand the American Judicial System as well as international law from which to develop critical thinking skills to recognize the legal implications on business decision making. Comprehend the underlying interdependence of ethics and the law in the business environment in which managers and decision makers operate. Analyze competing concerns in the managerial decision making process and appreciate the ethical and legal considerations in that process. 5. Pedagogy The course will consist of lectures, assigned readings and case studies. We will cover the concepts in depth and then we will explore simple real life applications through case study discussion. 6. Text Title: Business Law Today: The Essentials Authors: Miller & Jentz 9th Edition, Publisher: South-Western College Publishing, 2010, ISBN#: 978-0-324-78615-6 John Sogliuzzo, Adjunct Professor Stevens Institute of Technology | 3 12/1/11 EMT 664IT BUSINESS LAW SPRING 2012 Stevens Institute of Technology/Executive Masters of Technology Management Program 7. Course Schedule Time: 6.30 – 9.15pm Month Jan Thurs Lect ure 12 1 Chap. Ch Topic Assignmentment Due Course Overview Business Activities & Legal Environment Judicial System, State & Federal How & where to resolve a dispute –class exercise Jan 19 2 1&3 Jan 26 3 2 Ethics & Business Decision Making Making an ethical business decision-class exercise Feb 2 4 19 Forms of Business Structure Choose the business form-class exercise Feb 9 5 17 Agency Relationships & Liability Feb 16 6 8&9 Contracts-Formation Feb 23 7 10 Contracts-Breach & Remedies Employee, agent or independent contractor-class exercise Elements of a contract & capacity to assent-class exercise Remedies-review of specific cases in class Mar 1 8 Mar 8 9 13 Mar 15 10 Mar 22 Mar April Mid-Term Exam Quality Control-class exercise 18 & 23 Products Liability & Consumer Law Insurance & Employment Law 11 4&6 Business Torts & Criminal Law Review specific cases 29 12 25 International Law in a Global Economy Applicability of international lawclass exercise 1 13 21 Dodd/Frank Act & Corporate Governance Final Exam Wearing your HR hat-class exercise 8. Course Grading The course will emphasize class discussion and the analysis of the assigned readings. The grade will be based on Assignment Grade Percent (approx.) 50 25 25 100% In-Class Discussion Mid term Final exam Total Grade John Sogliuzzo, Adjunct Professor Stevens Institute of Technology | 4 12/1/11 EMT 664IT BUSINESS LAW SPRING 2012 Stevens Institute of Technology/Executive Masters of Technology Management Program 9. Ethical Conduct Policy Ethical Conduct The following statement is printed in the Stevens Graduate Catalog and applies to all students taking Stevens courses, on and off campus. “Cheating during in-class tests or take-home examinations or homework is, of course, illegal and immoral. A Graduate Academic Evaluation Board exists to investigate academic improprieties, conduct hearings, and determine any necessary actions. The term ‘academic impropriety’ is meant to include, but is not limited to, cheating on homework, during in-class or take home examinations and plagiarism.“ Consequences of academic impropriety are severe, ranging from receiving an “F” in a course, to a warning from the Dean of the Graduate School, which becomes a part of the permanent student record, to expulsion. Reference: The Graduate School Catalog, Academic Year 2002-2003: Stevens Institute of Technology, pp. 27-28. 10. Continuous Process Improvement (CPI) Overview: John Sogliuzzo, Adjunct Professor Stevens Institute of Technology | 5 12/1/11 EMT 664IT BUSINESS LAW SPRING 2012 Stevens Institute of Technology/Executive Masters of Technology Management Program The EMBA course and teacher evaluations are an important part of our quality improvement process. Every student should know at the start of the course the evaluation criteria and standard procedure. Continuous improvement can only occur with feedback based on comprehensive and appropriate surveys. At the end of the course, you will have an opportunity to comment on the quality of both the course and the instructor. These course and teacher evaluations are an important part of our quality improvement process. Your feedback is an important contributor to decisions to modify course content/pedagogy in the EMTM program which is why we strive for full class participation in the survey. All course teacher evaluations are conducted on-line. You will receive an e-mail one week prior to the end of the course informing you that the survey site (https://www.stevens.edu/assess) is open along with instructions for accessing the site. Login is your Campus Pipeline (email) 'CPIPE' username and password. This is the same username and password you use for WebCT. Simply click on the course that you wish to evaluate and enter the information. All responses are strictly anonymous. We especially encourage you to clarify your position on any of the questions and give explicit feedback on your overall evaluations in the section at the end of the formal survey which allows for written comments. We ask that you submit your survey as soon after the last class as possible. Since your feedback is very important to us, we strive for 100% participation. John Sogliuzzo, Adjunct Professor Stevens Institute of Technology | 6 12/1/11