COMM 1E03 - W2012 - 1 of 9
Business Environment and Organization
Winter 2012 Course Outline
Strategic Market Leadership and Health Services Management Area
DeGroote School of Business
This course will exa
Why Laws Are Important
A countrys political environment as it influences laws and
regulations contributes to a business environment that can
encourage domestic and international success.
A democratic society should vote for a government that will
Chapter 5 Learning Objectives
Discuss the growing importance of the global market and the
roles of comparative advantage and absolute advantage in
Explain the importance of importing and exporting and
understand key terms used in globa
The Financial Services Industry in
Financial institutions provide a variety of products that include
The financial services sector plays a critical role in the
Canadian Political Structure
A countrys political system is designed to integrate the
different parts of a society into one functioning unit.
It has an enormous impact on how business is conducted
domestically and internationally.
1. How are the business environment changes affecting the
2. Describe the four functions of management.
3. Describe the different types of planning and the
importance of decision making.
4. Describe the organizing
(also known as Social Forces / Socio-cultural Forces)
Social change is perhaps the most difficult external variable
for marketers to forecast, influence, or integrate into
This environment considers how buying behavi
refers to inventions or innovations from
applied science or engineering research,
It is perhaps the most dramatic force now shaping our destiny.
o Technology has released such wonders as antibiotics
Financial management is the job of managing a firms
resources so that the firm can meets its goals and
Financial management considers all activities concerned
with obtaining money and using it effectively.
Chapter 7 Learning Objectives
Explain why people are willing to become entrepreneurs,
and describe the attributes of successful entrepreneurs.
Discuss the importance of small business to the
Summarize the major causes of small-b
2013 Federal Budget Homework
Support small manufacturing focus resonant environment /
Highlights of budget 2013
Balanced budget in 2015-16, but deficit projections have grown since November
Chapter 3 Learning
Understand the six categories of government activities that can affect
Trace the historical role of government in the Canadian economy and
understand why Crown corporations were created.
Discuss why understa
An organizational function
A set of processes for cresting, communicating, and delivering value to customers
Managing customers relations to benefit organization and stakeholders
Focus on discovering and satisfying prospective cu
1. Define operations management and explain what types of
firms use it.
2. Describe the operations management planning issues
involved in both the manufacturing and the service
3. Discuss the problem of measuring product
Explain what capitalism is and how free markets work.
As part of this discussion, define supply and demand
and explain the relevance of the equilibrium point.
Define socialism and its benefits and negative
Motivation is a persons internal drive to act. Managers must
find each workers' commitment, encourage it, and focus it on
some common goal.
Happy workers contribute to successful businesses. Unhappy
workers are likely to leave the comp
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A business is any activity that seeks to provide goods and
services to others while operating at a profit (revenues minus
Profit is the amount of money a business earns above and
beyond what it spends for salaries and other
If Your Surname Begins
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COMM 1E03 - M1 - W2013
Define marketing and explain how the marketing concept
For the last three fiscal years, BCE Inc. has generated a net profit of
C$1,738 million in 2009, $2,575 million in 2010 and C$2,574 million in
It is not your own words-so you need to cited it
If the numbers are not cl
List the advantages and disadvantages of sole proprietorships.
Describe the advantages and disadvantages of partnerships.
Discuss the advantages and disadvantages of corporations.
Define and give examples of three ty
Functional Area and Topic
o describe the purpose of the topic and why companies incorporate
it in business practices
o describe how your company applies this business topic and how
this has impacted your company FOLLOWED by two sentences
of your analysis
CHAPTER 7 ENTREPRENEURSHIP AND STARTING A SMALL BUSINESS
THE AGE OF THE ENTREPRENEURSHIP
The approximately 2.7 million people in Canada who are self-employed represent a little over 15
percent of all employed workers in the Canadian economy.
Understanding Canadian Business 8th Edition
ENTREPRENEURSHIP AND WEALTH BUILDING
Most successful businesses use a strategy based on finding a hole and filling it. This strategy of
business consequentially provides needed goods, services and jobs
CHAPTER 15: MANAGING THE MARKETING MIX; PRDOCUT, PRICE, PLACE, AND PROMOTION
PRODUCT DEVELOPMENT AND THE TOTAL PRODUCT OFFER
Value: good quality at a fair price. When consumers calculate the value of a product,
they look at the benefits and then subtract
BUSINESS ENVIRONMENT AND ORGANIZATION CHAPTER 4 THE ROLE OF GOVERNMENT IN
GOVERNMENT AFFECTS BUSINESS
Government activities that affect business may be divided into 6 categories:
1. Crown corporations
2. Laws and regulations
3. Taxation and finan
CHAPTER 12 Management of Human Resources
management (HRM): the
process of determining
human resource needs and
then recruiting, motivating,
and scheduling employees
to achieve organizational
HRM used to be
CHAPTER 18 THE FINANCIAL SERVICES INDUSTRY IN CANADA
THE FINANCIAL SERVICES INDUSTRY IN CANADA
In this chapter we focus on all the products offered by the actual financial institutions such as;
money, banking, investing, insurance, financing and financial