CHAPTER 1 - Power Point Slides

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Unformatted text preview: > > > > > > > > Chapter 1 The Framework of Contemporary Business L e a r n i n g G o a l s 1 2 3 4 5 6 7 8 Distinguish between business and not-for-profit organizations. Identify and describe the factors of production. Describe the private enterprise system, including basic rights and entrepreneurship. Identify the six eras of business, and explain how the relationship era- including alliances, technology, and environmental concerns-influences contemporary business. Explain how todays business workforce is changing. Describe how the nature of work itself is changing. Identify the skills and attributes managers need to lead businesses in the 21 st century. Outline the characteristics that make a company admired by the business community. W h a t i s B u s i n e s s ? Profit-seeking activities and enterprises provide goods and services necessary to an economic system. Profit is the reward for businesspeople who take the risk involved to offer goods and services to customers. F a c t o r s o f P r o d u c t i o n Natural Resources Capital Human Resources Entrepreneurship T h e P r i v...
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This note was uploaded on 02/03/2012 for the course ME 352 taught by Professor Staff during the Fall '08 term at Purdue University-West Lafayette.

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CHAPTER 1 - Power Point Slides - > >...

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