Course Description
Build confidence in contract management through practical exploration of business law fundamentals. You’ll analyze real contracts, identify common pitfalls, and develop strategies for risk mitigation. The module emphasizes negotiation techniques and practical applications, ensuring you can protect organizational interests while building strong business relationships. Vital for anyone involved in business agreements.
Course Objectives
By the end of this course, you will be able to:
- Analyze real-world business contracts to identify essential elements, legal requirements, and potential risks using contract law fundamentals.
- Evaluate contract terms and clauses to assess their impact on organizational interests and recommend strategic modifications for risk mitigation.
- Develop comprehensive negotiation strategies that balance organizational objectives with relationship management to achieve mutually beneficial business agreements.
- Construct legally sound contract provisions and risk mitigation frameworks that protect organizational interests while ensuring compliance with applicable laws and regulations.
- Assess contract performance and relationship management systems to identify opportunities for process improvement and strategic value creation.
Outcome Proficiency Groups
MBA 514 helps you grow in three of the five MyMBA program outcomes:
Strategic Thinking & Decision Making
Recommend contract changes and risk frameworks that protect your organization’s interests.
Analytics & Critical Thinking
Analyze real contracts to spot essential elements, legal requirements, and hidden risks.
Communication & Influence
Negotiate agreements that balance your objectives with strong, lasting business relationships.
Where This Course Leads
The skills you build here carry forward to the MBA Capstone, where you bring all five outcome proficiency groups together to tackle a contemporary business challenge.
