Business Principles

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Business PrinciplesIn business, if you are not growing, your business is going backwards.  Today's economy is competitive.  It is action-oriented.  Business is dynamic.  There are many opportunities.  Business skills are about making the most of these changing opportunities.

Sometimes, finding business opportunities means "thinking outside the box".  Successful business innovators, called "entrepreneurs", find ways to make something happen.  And while they do it, they make money.

This class is a mix of fundmental economics, decision making, business functions & roles, evaluation, management, and productivity.  It's about learning by doing, developing a business concept, and planning to achieve success.

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Class Outline & Resources

  1. Business & Economics.  Making business decisions is easier if we understand models that represent our economy.
  2. Adding Value/Utility.  Consumer demand is based the concept of utility -- the useful of products/services.  We can increase demand or charge higher prices if we can "add value". 
  3. Entrepreneurship.  Some people make things happen, often taking risk.  We call these folk "entrepreneurs".  They are the people that start businesses.
  4. Business Operations.  Economic theories and models only help us if we understand how to carefully use them to operate our business.
    1. Free Enterprise & Other Economic Systems
    2. Business in Our Economy
    3. Business Structure
    4. Business Leadership & Management
    5. Designing & Marketing Goods/Services
  5. Business & Government in Our Economy.  Our economy is complex and businesses and citizens have roles in our economy.  There is a reason the U.S. Constitution begins with "We the People..."
    1. Social Responsibility & Business Ethics
    2. International Business
    3. Government in Our Economy
  6. Managing a Small Business.  This is a hands-on class that looks at how to run a business successfully.
    1. Managing a Small Business
    2. Managing Human Resources
    3. Maintaining Financial Information
  7. Technology for Business Decisions.  Almost all businesses today cannot be managed without technology.  Remember, each day you compete in a dynamic economic environment.
    1. Computers in Business
    2. Computer Applications
    3. Technology in Your Future
  8. Class Projects.  THroughout the semester, we will visit ways to apply business skills and have fun mastering them.  Do you have an idea for a fun project?  Please tell Mr. B!
    1. School Spirit Wear
    2. Bake Sale
    3. Puppy Chow Fundraiser
    4. Community Newspaper
    5. Monopoly Game
    6.  Distribution Research
    7. Holiday Promotions
    8. Promotion Project
    9. Team Sales Presentation
    10. VALS Survey
    11. Visual Merchandising (Questionaire), Visual Merchandising (Slideshow) and Visual Merchandising Project
    12. Your Purchases

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