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SB 101 The Business Environment

  • School:
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  • Professor:
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    ASARE, Cadden, Crystal, LaBonia, BenLiu, Simione, DavidCadden, LeonardLaBonia, Mary Schramm, SarahCrystal
  • Average Course Rating (from 3 Students)

    4.5/5
    Overall Rating Breakdown
    • 3 Advice
    • 5
      67%
    • 4
      0%
    • 3
      33%
    • 2
      0%
    • 1
      0%
  • Course Difficulty Rating

    • Easy 0%

    • Medium 67%

    • Hard 33%

  • Top Course Tags

    Group Projects

    Competitive Classmates

    Great Intro to the Subject

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    • Profile picture
    Jan 18, 2017
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    This course basically told you if you were in the right major or not. It touched upon all the topics of business allowing you to see if there was a certain topic you liked or if you found business boring.

    Course highlights:

    Mikes Bikes was a simulation of running your own company and it was very competitive teaching you about marketing strategies and money budgeting and share holder values, basically a little bit about everything.

    Hours per week:

    9-11 hours

    Advice for students:

    Try your hardest in Mikes Bikes and contribute to group work because those are skills that you will need to have for the future.

    • Fall 2016
    • SarahCrystal
    • Yes
    • Great Intro to the Subject Group Projects Competitive Classmates
    • Profile picture
    Nov 09, 2016
    | No strong feelings either way.

    This class was tough.

    Course Overview:

    I would recommend this class, because the professor knows what she is talking about. She is experienced, and knows her stuff. But I only gave her three stars because she goes through material way to fast, and expects us to write everything down. But the women doesn't even take a breath.

    Course highlights:

    I enjoyed Mikes Bikes simulation. My manufacturing company is #2 in the class. I also enjoyed the ice breaker group work we had in the beginning of the year. It was great.

    Hours per week:

    3-5 hours

    Advice for students:

    Study! Actually read the book! Do your homework! Hand things in on time! Or you fail

    • Fall 2016
    • Mary Schramm
    • Yes
    • Group Projects Competitive Classmates Meetings Outside of Class
    • Profile picture
    Jul 13, 2016
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    I would recommend this course because it outlines how a basic business runs and operates. It touches on every department that is involved in a business, for example HR, accounting, finance, IT etc. Not only do you get exposure to what each of those departments does on a daily basis, but the course outlines why each department is key in making sure that the company runs to it's highest capability. If you are an undecided business major you can get a taste for all different fields in this course to help sway you in a certain way to select a major. I highly recommend this course as it is a broad overview of the business world in general.

    Course highlights:

    Some highlights of this course would include our MikesBikes simulation. This was our overarching project that we worked on in teams for the entire semester. It was a simulation where as a team we competed against other teams in the class and the course to see who could sell the most bikes as a company. To sell more bikes, you needed to select a target market, and decide on a business plan that would most effectively target your intended customers. As a team you needed to decide how much money you were going to invest in advertising, marketing, and research and development. The more money that you could generate from sales, the more you were able to invest back into these three categories to improve your bikes and make your customers want more. Important decisions needed to be made in the process such as deciding whether you would raise money from selling capital (equity financing) or by taking on debt (debt financing). Both had their pro's and con's but depending on the style of company that you were running one option typically made more sense to use than the other. An important piece of this simulation also was how much of your revenue you were going to pay out to your stockholders as dividends, and this was important because the winner of the simulation would be the team who had the highest earnings per share at the end of it all. Overall, this was a very big piece of the course that helped give the students insight on how much thought goes into day to day activity in a business that is trying to generate revenue.

    Hours per week:

    6-8 hours

    Advice for students:

    To a student considering this course I would most definitely say to take it seriously, and become invested in the course. Take the lecture slides that are taught in class and apply them to the MikesBikes simulation. If you can understand how to take basic concepts of business and apply them to the simulation you will have no issue placing high in the ranks amongst all the teams. I would recommend becoming familiar with the vocabulary that is presented to you as this will make a big difference in whether or not you truly understand the decisions you are making or not.

    • Fall 2015
    • Mary Schramm
    • Yes
    • Great Intro to the Subject Group Projects Meetings Outside of Class

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