Resources For Chapters 3 And 4 Of Legal Environment Of Busin

resources Ch 3 And Ch 4 Oflegal Environment Of Business

Resources · Ch. 3 and Ch. 4 of Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues · Law libraries and databases from the internet Scenario Solar Co. Inc., a solar panel manufacturing and installation company, has recently encountered a series of scandals and bad publicity relating to defective solar panels, poor workmanship, and employee allegations of harassment by executives within the company. One claim resulted in a two-year trial which Solar Co. lost; all other claims were settled out of court. Solar Co. enters into a contract with XYZ Media to prepare a 6-month national advertising and public relations campaign to help restore its tarnished reputation at a cost of $600,000. XYZ Media launches the campaign, and it is successful for the first two months until XYZ's computer servers are hacked and all client information is lost because XYZ failed to have adequate backup systems in place. In addition, social media account information and passwords were compromised, resulting in derogatory and inappropriate posts being made on all of XYZ's social media accounts for several hours. Because XYZ was managing Solar Co.'s social media presence at the time, Solar Co.'s social media accounts were also taken over by the hackers for a brief time and filled with damaging posts. XYZ issues a public apology; however, Solar Co. wishes to terminate the contract with XYZ and receive a refund of the $200,000 it paid for the first two months of the campaign due to the damages caused by the computer hack. XYZ refuses to cancel the contract or issue a refund, insisting that it can successfully continue the campaign and re-create all of the material that was lost. Solar Co. refuses to pay any further amounts due under the contract and has already begun seeking a new media relations firm to re-launch the campaign. Write a 525- to 700-word recommendation to Solar Co.'s CEO advising whether Solar Co. should: • file a lawsuit and proceed to trial • try to reach a settlement with XYZ Media, or • use a method of alternative dispute resolution (ADR) Your analysis should specifically discuss each of the nine factors provided in the "Contemporary Environment Cost-Benefit Analysis of a Lawsuit" feature found in Ch. 4, "Judicial, Alternative, and E-Dispute Resolution." Provide a clear explanation and reasoning for your recommendation based on the facts of the scenario. Would your recommendation be different if you were advising XYZ Media's CEO? If so, how? Part II Solar Co. intends to use arbitration agreements with all clients, subcontractors and employees in the future. Write a 350- to 525-word memo to Solar Co.'s CEO explaining the arbitration procedure and the enforceability of arbitration provisions under the Federal Arbitration Act. Include a recommendation as to whether arbitration agreements should be used in the future to reduce Solar Co.'s legal risk and why. Bottom of Form 1. Reflect on the business climate in corporate America and if the Sarbanes-Oxley has been effective in eliminating corporate scandals. If you had the opportunity to add to that legislation, what would you add to increase transparency and accountability for corporate leaders? Your journal entry must be at least 300 words. 2. If you were assigned to a committee performing a SWOT analysis, which section of the analysis do you think would be the toughest to investigate? Why? Your journal entry must be at least 300 words. 3. If you went to work for a company that did not have a corporate social responsibility (CSR) policy, what benefits of CSR would you tout to get leaders to implement CSR practices? What is the first step that the company should take to begin practicing CSR? Your journal entry must be at least 300 words. 4. If you were the CEO of an online clothing retailer, how much emphasis would you place on environmental scanning? What major threats do you think this industry could face? Your journal entry must be at least 300 words. 5. In today’s economic environment, which of the five steps in the strategic planning process do you think is the most important? Give an example of an industry where this would be the most important step. Do you think that a different industry might place more emphasis on another step in the strategic planning process? Why? Your journal entry must be at least 300 words. 6. Think about your job or a previous job you held. Did your managers value feedback from employees? How would you change the change the feedback process to place more emphasis on employee feedback, and therefore, garner more buy-in from employees? Your journal entry must be at least 300 words. 7. If you were an entrepreneur looking to open a new company, what do you think would be the biggest benefit to researching case studies of other companies in the same industry? Why? Your journal entry must be at least 300 words. 8. Discuss how you could apply the concepts learned in this course to your current or future career. Name at least one strategic management model discussed this term that you would use, and explain why you selected this model. How might you incorporate information from this model to positively impact your career success? Your journal entry must be at least 300 words.