Chabot College Fall 2007 Course Outline for Business 12 INTRODUCTION TO BUSINESS Catalog Description: 12 - Introduction to Business 3 units Survey of the private enterprise system and basic business concepts, business economics, types of business ownership, ethics, globalization, and organizational functions (management, marketing, accounting, and finance). 3 hours. Prerequisite Skills: None Expected Outcomes for Students: Upon completion of this course, the student should be able to: 1. 2. relate business concepts to business decisions; define alternatives involved in establishing a business firm within the free enterprise system; 3. distinguish between ethical and unethical business practices; 4. contrast various economic systems; 5. discuss advantages/disadvantages of globalization and its impact on the business world; 6. describe how technology changes the business world, including the impact on human relations in the workplace; 7. demonstrate knowledge of main business terms in the management, marketing, finance and accounting fields of business administration; 8. relate modern management techniques to theories of motivation, leadership, delegation, empowerment, and team work; 9. describe marketing as an exchange process between members of society; 10. list and describe major financial institutions in the United States; 11. define accounting cycle, general ledger, general journal, and financial statements; 12. describe various careers within the business administration field. Course Content: 1. 2. 3. 4. 5. Foundations of business a. Forms of business ownership b. Differences between profit and non-profit organizations c. Business ethics and social responsibility Economical challenges of global and domestic businesses a. Principles of microeconomics b. Principles of macroeconomics c. Three economic systems, their major characteristics and differences International business a. Globalization; prosperity or improverishment b. Major international economic alliances (EU, NAFTA, ASEAN) c. Global trade and its obstacles Small business ownership Management through empowerment a. Traditional management vs. human relations management b. Leadership c. Human resources management and motivation, including theories of motivation (Maslow, Herzberg, Theories X, Y, Z) Chabot College Course Outline for Business 12, Page 2 Fall 2007 6. Marketing as an exchange process a. Market segmenting and target markets b. Exchange as the heart of the marketing processes c. Marketing mix and its components (product, price, place, promotion) d. International marketing and ethical considerations in marketing 7. Managing technology and its impact on the world of business 8. Understanding accounting a. Uses of accounting information b. Accounting cycle and its steps c. Accounting journals and ledgers d. Financial statements and their role in estimating the business success 9. Managing financial resources a. Financial management and institutions b. Monetary and fiscal policies c. Financing and investing through securities markets d. Personal financial decisions 10. Careers in the business field Methods of Presentation: 1. 2. 3. 4. 5. Lectures and discussions Seminars Videos Guest Speakers Team activities (presentations, posting to Blackboard, projects) Assignments and Methods of Evaluating Student Progress: 1. 2. Typical Assignments a. Prepare a team presentation on an article of your choice related to any issues discussed in the course b. Write a paper on a company of your choice. The paper must address the listed criteria through the use of information provided on the company's website c. Analyze a case from the textbook Methods of Evaluating Student Progress a. Graded team and individual presentations b. Examinations c. Quizzes d. Graded case analyses e. Graded internet assignments f. Final examination Textbook(s) Typical: Understanding Business, Nickels, McHugh, McGraw, 2005 Special Student Materials: None jn 09/2006 Bus 12 course outline.doc