Making Successful Decisions through the Strategy, Law & Ethics Model

Start Date: 07/05/2020

Course Type: Common Course

Course Link:

Explore 1600+ online courses from top universities. Join Coursera today to learn data science, programming, business strategy, and more.

About Course

Successful decision making is based on three key pillars: strategy, law and ethics. After taking this course you will be able to use a practical framework based on these three elements to make successful business, personal and leadership decisions. This course opens with an example of a leadership decision: President Barack Obama’s strategic decision to capture or kill Osama bin Laden. The course then shows how the three elements can be used to prevent a tragedy when making a personal decision. The rest of the course focuses on making successful business decisions.  In essence, to achieve business and career success, you must create value (strategy) and manage risk (law) in a responsible manner (ethics). Because the Law Pillar plays a central role in the three pillar model, the course includes practical legal briefings (with many examples) on the key elements of business success. Specifically, the course shows you how to: • attract the best employees, • develop successful products, • create new business models, • protect intellectual property, • create contracts that achieve business goals, and • use dispute resolution processes that improve business relationships. Using a global perspective, the course also provides an introduction to international business culture for learners from the United States, and an introduction to the U.S. business culture for learners from outside the U.S.

Course Syllabus

This course will enable you to use the Three Pillar model to manage business risk and create value in an ethical manner. You will also be able to use the model when making personal decisions. After completing this introductory module, you will understand the course goal and game plan.

Deep Learning Specialization on Coursera

Course Introduction

Making Successful Decisions through the Strategy, Law & Ethics Model Successful decisions are based on three key factors: strategy, law and ethics. A successful decision is also about who you are and where you are going. This course will help you understand how to build your best options and choose the path that provides you with the best chance of making a decision, and the most opportunity for making a mistake. You will learn how to evaluate the relative strengths and weaknesses of different options and choose the path that provides the best opportunity for you to make a decision. The course will also give you the opportunity to apply what you learn in this course to other areas of your life. You will learn how to evaluate companies, markets, and governments and apply this knowledge to make better business decisions. In sum, this course will help you to become a more confident decision maker and a more effective decision maker.Decision Making and Strategy Decision Making and Statutory Interpretation Decision Making and Private Client Matters Decision Making and Corporate Governance Myocardial Infarction Cardiovascular diseases are – according to the (World Health Organization (WHO) – the number one cause of death globally. Myocardial infarction (heart attack) is the most prominent under the Cardiovascular diseases. In Switzerland alone, the risk to develop a coronary heart disease during life time is around 25% for men and 18% for women. Cardiovascular diseases are – according to the (

Course Tag

Product Liability Law Intellectual Property Business Law

Related Wiki Topic

Article Example
Ethics in pharmaceutical sales The ethics involved within pharmaceutical sales is built from the organizational ethics, which is a matter of system compliance, accountability and culture (Grace & Cohen, 2005). Organizational ethics are used when developing the marketing and sales strategy to both the public and the healthcare profession of the strategy. Organizational ethics are best demonstrated through acts of fairness, compassion, integrity, honor, and responsibility.
Rational planning model The very similar rational decision-making model, as it is called in organizational behavior, is a process for making logically sound decisions. This multi-step model and aims to be logical and follow the orderly path from problem identification through solution. Rational decision making is a multi-step process for making logically sound decisions that aims to follow the orderly path from problem identification through solution.
Population ethics Population ethics is especially important when making large-scale decisions like those regarding climate policy. Population ethics may be also applied to evaluate scenarios that influence how people value averting deaths in charitable organizations.
The Journal of Law, Medicine & Ethics The Journal of Law, Medicine & Ethics is a quarterly peer-reviewed academic medical journal covering medical ethics and medical law. It was established in 1981 as Law, Medicine & Health Care, which itself was formed by the merger of two journals: Medicolegal News and Nursing Law & Ethics. The journal obtained its current name in 1993. It is published by John Wiley & Sons on behalf of the American Society of Law, Medicine & Ethics. The editor-in-chief is Kevin Outterson (Boston University). According to the "Journal Citation Reports", the journal has a 2015 impact factor of 1.613, ranking it 10th out of 51 journals in the category "Ethics".
Ethics Public sector ethics is a set of principles that guide public officials in their service to their constituents, including their decision-making on behalf of their constituents. Fundamental to the concept of public sector ethics is the notion that decisions and actions are based on what best serves the public's interests, as opposed to the official's personal interests (including financial interests) or self-serving political interests.
Index of ethics articles This Index of ethics articles puts articles relevant to well-known ethical (right and wrong, good and bad) debates and decisions in one place - including practical problems long known in philosophy, and the more abstract subjects in law, politics, and some professions and sciences. It lists also those core concepts essential to understanding ethics as applied in various religions, some movements derived from religions, and religions discussed as if they were a theory of ethics making no special claim to divine status.
Ethics Political ethics (also known as political morality or public ethics) is the practice of making moral judgements about political action and political agents.
Potter Box The Potter Box is a model for making ethical decisions, developed by Ralph B. Potter, Jr., professor of social ethics emeritus at Harvard Divinity School. It is commonly used by communication ethics scholars. According to this model, moral thinking should be a systematic process and how we come to decisions must be based in some reasoning.
Jewish ethics In the medieval period, direct Jewish responses to Greek ethics may be seen in major rabbinic writings. Notably, Maimonides offers a Jewish interpretation of Aristotle (e.g., "Nicomachean Ethics"), who enters into Jewish discourse through Islamic writings. Maimonides, in turn, influences Thomas Aquinas, a dominant figure in Christian ethics and the natural law tradition of moral theology. The relevance of natural law to medieval Jewish philosophy is a matter of dispute among scholars.
Law In common law legal systems, decisions by courts are explicitly acknowledged as "law" on equal footing with statutes adopted through the legislative process and with regulations issued by the executive branch. The "doctrine of precedent", or "stare decisis" (Latin for "to stand by decisions") means that decisions by higher courts bind lower courts, and future decisions of the same court, to assure that similar cases reach similar results. In contrast, in "civil law" systems, legislative statutes are typically more detailed, and judicial decisions are shorter and less detailed, because the judge or barrister is only writing to decide the single case, rather than to set out reasoning that will guide future courts.
Group decision-making Because groups offer both advantages and disadvantages in making decisions, Victor Vroom developed a normative model of decision-making that suggests different decision-making methods should be selected depending on the situation. In this model, Vroom identified five different decision-making processes.
Strategy implementation Monitoring these measures will help the organisation members in controlling that the strategy is being implemented successfully and if not in making them take decisions that will allow them to achieve the strategy. Strategy control, in turn, provides timely and valid feedback about organisational performance so that change and adaptation become a routine part of the implementation effort. Controls allow for the revision of execution-related factors if desired goals are not being met.
Reporter of decisions The Reporter of Decisions (sometimes known by other titles, such as Official Reporter or State Reporter) is the official responsible for publishing the decisions of a court. Traditionally, the decisions were published in books known as case reporters or law reports. In recent years, the reporter's duties have been broadened in many jurisdictions to include publication through electronic media.
Normative model of decision-making Victor Vroom, a professor at Yale University and a scholar on leadership and decision-making, developed the normative model of decision-making. Drawing upon literature from the areas of leadership, group decision-making, and procedural fairness, Vroom’s model predicts the effectiveness of decision-making procedures. Specifically, Vroom’s model takes into account the situation and the importance of the decision to determine which of Vroom’s five decision-making methods will be most effective.
Super Decisions "Super Decisions" is decision-making software which works based on two multi-criteria decision making methods.
Ethics Traditionally, normative ethics (also known as moral theory) was the study of what makes actions right and wrong. These theories offered an overarching moral principle one could appeal to in resolving difficult moral decisions.
Organizational ethics Ethics are the principles and values used by an individual to govern his or her actions and decisions. An organization forms when individuals with varied interests and different backgrounds unite on a common platform and work together towards predefined goals and objectives. A code of ethics within an organization is a set of principles that is used to guide the organization in its decisions, programs, and policies. An ethical organizational culture consists of leaders and employees adhering to a code of ethics.
Logical Decisions Logical Decisions is decision-making software that is based on multi-criteria decision making.
Strategy Henry Mintzberg from McGill University defined strategy as a pattern in a stream of decisions to contrast with a view of strategy as planning, while Max McKeown (2011) argues that "strategy is about shaping the future" and is the human attempt to get to "desirable ends with available means". Dr. Vladimir Kvint defines strategy as "a system of finding, formulating, and developing a doctrine that will ensure long-term success if followed faithfully."
Ethics Role ethics is an ethical theory based on family roles. Unlike virtue ethics, role ethics is not individualistic. Morality is derived from a person's relationship with their community. Confucian ethics is an example of role ethics though this is not straightforwardly uncontested. Confucian roles center around the concept of filial piety or "xiao", a respect for family members. According to Roger Ames and Henry Rosemont, "Confucian normativity is defined by living one's family roles to maximum effect." Morality is determined through a person's fulfillment of a role, such as that of a parent or a child. Confucian roles are not rational, and originate through the "xin", or human emotions.