Transcript Business Management

BUSINESS MANAGEMENT
 Master PowerPoint on
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Chapter 5
Chapter 6
Chapter 7
Friday, February 13, 2015
 About Ethics and Social Responsibility
Monday, February 16, 2015
 Recapping Enron Movie
 What were various ethical dilemmas?
Recap of
Monday, February 16, 2015
 Business, Workers and the Law
 Regulations and 6 Laws…
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Corporate Law (3 types of business)
Tax Law
Intellectual Property Law (3 types)
Consumer Law
Commercial/Contract Law
Licensing and Zoning Law
Recap of
Monday, February 16, 2015
 3 Intellectual Property types
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Patents … inventions
Trademarks/Logos …. Examples??
Copyright….creative work (books, songs,
art, plays
Recap of
Monday, February 16, 2015
 3 Business Types
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Sole proprietorship
Partnership
Corporation
Monday, February 23, 2015
 Employment Laws and their Impact
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Read pp. 106-129
Write out all definitions (12)
Complete your assigned Employment Law
case. Research your particular case and
write out two paragraphs about the law
assigned. You may use – not copy – the
book. Please utilize internet and cite at
least one website used.
 Employment Laws and their Impact
 Let’s test our Law and Employment Law
knowledge by going over
Chapter 5 Assessment
on page 130.
 EQ: Understand economic indicators to
recognize economic trends & conditions.
 We will look closely at making decisions
in a market economy.
 Who has ever tried to buy a product that
was in limited supply??
 Scarcity = fact that too few resources are
available for everyone in the world to
consume as much as he or she would
like
 Opportunity cost = when you take one
action/make one purchase, then this is
the best opportunity that is passed
up/lost
 Scarcity impacts:
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Limited income
Limited resources
Limited education/low skills
 Command economy = government
decides what good and services are
produced.
 Market economy = private companies
and individuals decide what to product
and consume.
 Supply = quantity of a good or service
that businesses are willing and able to
provide (Direct relationship)
 Demand = quantity of a good or service
that consumers are willing and able to
buy (Indirect relationship)
Wednesday, February 25, 2015
 EQ: Understand economic indicators to
recognize economic trends & conditions.
 Today, we will look at Business Cycle, its
phases and various Economic
Indicators.
 What business cycles have occurred in
the last 100 years??
Wednesday, February 25, 2015
Wednesday, February 25, 2015
 More on ….the Business Cycle
 Periods with little growth or decline
would simply be considered stagnation
and movement of line is passage of time.
Line will normally show some mild grade
of slope.
 Some more helpful graphs follow. …..
Wednesday, February 25, 2015
Wednesday, February 25, 2015
Wednesday, February 25, 2015
Monday, March 2, 2015
 Measuring Economic Activity
 Real Life applications of measuring
performance … EXAMPLES
 GDP = gross domestic product or total
dollar value of all final goods and
services produced in country in a year
 GDP per Capita = output per person
4 Items Make up GDP
 1. Consumer Spending
 2. Business Spending
 3. Government Spending
 4. Exports and Imports
 Other Measures of Economic Activity
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Unemployment Rate
Productivity
Personal Income
Retail Sales
Unemployment Rate
 NC rates .. October 2013
 http://www.hcpress.com/news/county-
unemployment-rates-for-ncreleased.html
Productivity
 http://www.bls.gov/news.release/prod2.n
r0.htm
Personal Income
Personal Income
Retail Sales….
http://davidstockmanscontracorner
.com/why-retail-sales-arefaltering-bottom-60-of-householdshave-no-real-income-gains-since2008/
 For a Classwork grade: ….
Chapter 6 Assessment
Write out 13 definitions and
answer 5 Recall Key
Concepts questions and 5
Thinking Critical questions
 EQ: Understanding impact of global
economy on business management.
 Global economy = economy in which
companies compete actively with
businesses from all over the world
 Free trade area = region within which
trade restrictions are reduced or
eliminated
 NAFTA = 1994 b/w USA,Canada,Mexico
 NAFTA good or bad for US companies,
US workers, US consumers?!?!?
 https://www.youtube.com/watch?v=mSX
mB_my0ls
 Various avenues to do business
globally…
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Foreign Intermediary
Licenses and Franchises
Strategic Alliance
Multinational Corporations
 NFL overseas:
http://www.nfl.com/news/story/09000d5d
82310fe4/article/basing-an-nfl-franchiseoverseas-would-bring-major-obstacles
 Subway growing worldwide:
https://www.youtube.com/watch?v=saB8
GMjIpVw
 GM Trucks and Toyota Sedans alliance
 Must understand foreign cultures…
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China: food and meals are key
Indonesia: fashionably late
Singapore: art of business card
Saudi Arabia: clasp hands vs. handshake
Switzerland: very formal – no humor
More on Culture
 Chinese business culture:
https://www.youtube.com/watch?v=H6g7tU
coF3I
 Indonesia:
https://www.youtube.com/watch?v=3z8Y
3LknZFo
 France:
https://www.youtube.com/watch?v=UVZz
ydTzeyw
Assignment
 Go find a country we have not discussed
today and identify one (1)
important/interesting piece of business
etiquette/culture for that country