Notes Intro To Business Economic Scenarios
Inflation vs. Deflation = #Dollars Chasing Amount of Goods/Services
Recession & Depression = Degrees of Severity
Federal Reserve Attempts to Control
U.S. Government Economic Tool
Notes Intro To Business Cultural Differences
Cultural Differences in
Values & Attitudes
Did You Know?
In Turkey its rude to cross your arms while you are facing someone.
In the Arab world the le
Notes Intro To Business Ethical Decision Resolved Through
Steps to Improve U.S. Business Ethics
1. Top Management
4. Ethics Of
Notes Intro To Business Economics
Economics: Use of scarce resources to produce goods/services, distribute them
among competing groups/individuals
Economics: Create Wealth
Micro v. Macro
Notes Intro To Business Ethics
Ethics Check Questions:
Is It Legal?
Is It Balanced?
How Will It Make Me Feel About Myself?
Factors That Cause Workers
To Act Unethically
Pressure to meet sales, budget or profit goals
Lack of recognition
Notes Intro To Business Introduction
Identifies, organizes, plans and allocates resources
Material and Facilities
WORKS WITH OTHERS
Contributes to group effort
Notes Intro To Business PROBLEM SOLVING
THE PROBLEM SOLVING PROCESS
1. Identify the Real Problem
2. Diagnose the Problem
3. Develop the Solutions
4. Select a Solution
5. Implement the Solution
6. Evaluate the Outcome
IDENTIFY THE PROBLEM
Identify the Iss
Notes Intro To Business Questions of Planning
Questions of Planning
1) What is the situation now?
2) Where do we want to go?
3) How can we get there from here?
Corporate Values & Ethics
Dont Fear Change
Notes Intro To Business Trade Deficits
Trade Deficits/Surpluses- Balance of Trade(1999)
U. S. Exports to Japan
Chemicals & Pharmaceuticals
Balance of Trade
Japan Exports to U.S.
Computers & Te
Notes Intro To Business New Management Approaches
New Management Approaches- Why?
Better Educated Employees
Manager No Longer Just Boss
Opportunities for Leadership by