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From Legal Monitoring to Legal Core Competency: How to Integrate the Legal Dimension into Strategic Management

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Legal Strategies

Abstract

Strategic Management does not ignore legal reality but the impact of legal parameters on strategy of the firm is not sufficiently formalised. In this paper, the author proposes to formalise the way in which a firm’s recourse to the law can maintain or generate a sustainable competitive advantage. The development of a core legal competency requires the recognition of a legal capability within the firm. This capability can be defined as the firm’s ability to create legal resources which includes taking into account legal elements from the external environment so as to secure and increase the value of other resources. Legal mechanisms as key factors in a firm’s environment are first highlighted. These mechanisms must be associated with or connected to the company’s resources. The role of internal legal resources is then examined along with the need to recognise legal capability. The author concludes with an examination of how legal resources and legal capability can be a source of sustainable competitive advantage.

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Authors and Affiliations

  1. LegalEdhec Research Centre, EDHEC Business School, Lille Cedex, France

    Christophe Roquilly

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  1. Christophe Roquilly
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Editors and Affiliations

  1. de l¿Union Européenne, Tribunal de la Fonction Publique, Luxembourg, 2925, Luxembourg

    Antoine Masson

  2. Faculty of Law, University of Manitoba, Winnipeg, R3T 2N2, Canada

    Mary J. Shariff

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Roquilly, C. (2009). From Legal Monitoring to Legal Core Competency: How to Integrate the Legal Dimension into Strategic Management. In: Masson, A., Shariff, M. (eds) Legal Strategies. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-02135-0_2

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