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BUS 115 Introduction to Business

LECTURE OUTLINE

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8. LECTURE OUTLINE:
PART I. BUSINESS TRENDS 8 Hours
I. Finding Opportunities in Today’s Dynamic Business Environment (Chapter 1)
A. What is a Business?
B. Entrepreneurship versus Working for Others
C. The Business Environment
D. The Economic Environment
E. The Technological Environment
F.  The Competitive Environment
G. The Social Environment
H. The Global Environment
I. The Evolution of American Business
II. Economics: The Creation and Distribution of Wealth (Chapter 2)
A.

 The Importance of the Study of Economics

B. Understanding Free-Market Capitalism
C. Understanding Socialism
D. Understanding  Communism
E. The Trend Toward Mixed Economies
F.  Understanding the Economic System of the United States
III. Competing in Global Markets (Chapter 3)
A. The Dynamic Global Market
B.

Why Trade with Other Nations

C. Getting Involved in Global Trade
D. Trading in Global Markets
E. Forces Affecting Trading in Global Markets
F. Trade Protectionism
G. Multinational Corporations
I. The Future of Global Trade
IV. Demonstrating Ethical Behavior and Social Responsibility (Chapter 4)
A.

Managing Businesses Ethically and Responsibly

B. Setting Corporate Ethical Standards
C. Corporate Social Responsibility
D. International Ethics and Social Responsibility
TEST 1, CHAPTERS 1 - 4
PART II.   BUSINESS OWNERSHIP     5 Hours
I. Forms of Business Ownership (Chapter 5)
A.

Basis Forms of Business Ownership

B. Sole Proprietorships
C. Partnerships
D. Corporations
E. Corporate Expansion: Mergers and Acquisitions
F. Special Forms of Business Ownership
G. Franchises
H. Cooperatives
I. Which Form of Ownership Is For You?
II. Entrepreneurship and Starting a Small Business (Chapter 6)
A.

 The Age of the Entrepreneur

B. The Job Creating Power of Entrepreneurs in the U.S.
C. Encouraging Entrepreneurship--What Government Can Do
D. Getting Started In  a Small Business
E. Learning About Small-Business Operations
F. Managing a Small Business
G. Going International
TEST 2,   CHAPTERS 5 - 6
PART III. BUSINESS MANAGEMENT: EMPOWERING EMPLOYEES TO SATISFY CUSTOMERS      6 Hours
I. Management, Leadership and Employee Empowerment (Chapter 7)
A.

The New Business Environment

B. Functions of Management
C. Planning: Creating a Vision Based on Values
C. Organizing: Creating a Unified System
D. Controlling
E. Leading: Providing Continuous Vision and Values
F. Controlling: Making Sure It Works
G. Tasks and Skills at Different Levels of Management
II. Managing the Move toward Customer-Driven Business Organizations (Chapter 8)
A.

The Changing Organization

B. Issues Involved in Structuring and Restructuring Organizations
C. Organization Models
D. Going Beyong Organizational Boundaries
F. The Restructuring Process and Total Quality
G. Establishing a Customer-Oriented Culture
III. Managing Production and Operations (Chapter 9)
A. America's Evolving Manufacturing and Services Base
B. Operations Management Functions
C. Operations Management in the Service Sector
D. Operations Management in the Manufacturing Sector
E. Modern Production Techniques
F. Control Procedures: PERT and Gantt Charts
G. Preparing for the Future
Test 3, Chapters 7 - 9
PART IV. MANAGEMENT OF HUMAN RESOURCES:  MOTIVATING EMPLOYEES TO PRODUCE QUALITY GOODS AND SERVICES 6 Hours
I. Motivating Employees and Building Self-Managed Teams (Chapter 10)
A. The Importance of Motivation
B. Motivation and Maslow's Hierarchy of Needs
C. McGregor's Theory X and Theory Y
D. Ouchi's Theory Z
E. Herzberg's Motivating Factors
F. Job Enrichment
G. Goal-Setting Theory and Management by Objectives
H. Meeting Employee Expectations: Expectancy Theory
I. Treating Employees Fairly: Equity Theory
J. Motivation in the Future
II. Human Resource Management: Finding and Keeping the Best Employees (Chapter 11)
A. Working with People is Just the Beginning
B. Determining Your Human Resource Needs
C. Recruiting Employees from a Diverse Population
D. Selecting Employees Who Will be Productive
E. Training and Developing Employees for Optimum Performance
F. Appraising Employee Performance to Get Optimum Results
G. Compensating Employees: Attracting and Keeping the Best
H. Scheduling Employees to Meet Organizational and Employee Needs
I. Moving Employees Up, Over, and Out
J. Laws Affecting Human Resource Management
III. Dealing with Employee-Management Issues and Relationships (Chapter 12)
A. Employee-Management Issues
B. Labor Legislation and Collective Bargaining
C. Tactic Used in Labor-Management Conflicts
D. Controversial Employee-Management Issues
Test, Chapters 10-12
PART V. MARKETING: DEVELOPING AND IMPLEMENTING CUSTOMER ORIENTED MARKETING PLANS 7 Hours
I. Marketing: Customer and Stakeholder Relationship Marketing (Chapter 13)
A. A Brief History of Marketing
B. Marketing Management and the Marketing Mix
C. Providing Marketers with Information
D. The Consumer Market
E. The Business-to-Business Market
F. Updating the Marketing Concept
G. Establishing Relationships with All Stakeholders
II. Developing and Pricing Products and Services (Chapter 14)
A. Product Development and the Value Package
B. Product Differentiation
C. Packaging Changes the Product
D. Branding and Brand Equity
E. Brand Management
F. Competitive Pricing
G. Nonprice Competition
III. Distributing Products Efficiently and Competitively: Supply Chain Management (Chapter 15)
A. The Importance of Channels of Distribution
B. The Utilities Created by Intermediaries
C. Wholesale Intermediaries
D. Retail Intermediaries
E. Nonstore Retailing
F. Building Cooperation in Channel Systems
G. Supply-Chain Management
H. Choosing the Right Distribution Mode and Storage Units
IV. Promoting Products Using Interactive and Integrated Marketing Communication (Chapter 16)
A. Constant Change and the Promotion Mix
B. Advertising: Persuasive Communication
C. Personal Selling: Providing Personal Attention
D. Public Relations: Building Relationships with All Publics
E. Sales Promotion: Getting a Good Deal
F. Managing the Promotion Mix: Putting It All Together
Test, Chapters 13 - 16
PART VI. DECISION MAKING: MANAGING INFORMATION 4 Hours
I. Using Technology to Manage Information (Chapter 17)
A. The Role of Information Technology
B. The Road to Knowledge: the Internet, Intranets, Extranets, and Virtual Private Networks
C. Managing Information
D. The Enabling Technology: Hardware
E. Software
F. Effects of Information Technology on Management
G. Technology and You
II. Understanding Financial Information and Accounting (Chapter 18)
A. The Importance of Financial Information
B. What is Accounting?
C. Areas of Accounting
D. Accounting versus Bookkeeping
E. Understanding Key Financial Statements
F. Applying Accounting Knowledge
G. Accountants and the Budgeting Process
H. The Impact of Computer Technology on Accounting
I. Using Financial Ratios
PART VII. MANAGING FINANCIAL RESOURCES 7 Hours
I. Financial Management (Chapter 19)
A. The Role of Finance and Financial Managers
B. What is Financial Management?
C. Financial Planning
D. The Need for Operating Funds
E. Alternative Sources of Funds
F. Obtaining Short-Term Financing
G., Obtaining Long-Term Financing
II. Securities Markets: Financing and Investing Opportunities (Chapter 20)
A. The Function of Securities Markets
B. Debt Financing through Selling Bonds
C. Equity Financing through Selling Stock
D. Stock Exchanges
E. How to Invest in Securities Markets
F. Investing in Bonds
G. Investing in Stocks and Mutual Funds
H. Investing in High-Risk Investments
I. Understanding Information from Securities Markets
III. Understanding Money and Financial Institutions (Chapter 21)
A. The Importance of Money
B. Control of the Money Supply
C. The History of Banking and the Need for the Fed
D. The American Banking System
E. How the Government Protects Your Funds
F. The Future of Banking
G. International Banking and Banking Services
IV. Managing Personal Finances: Who Wants to be a Millionaire (Chapter 22)
A. The Need for Personal Financial Planning
B.  Building Your Capital Account
C.  Planning Your Retirement
Test, Chapters 19 - 22