1 Master Course Outline BUS& 101 Introduction to Business Course Description: Introduction to Business is a general course designed to provide an understanding of how the American business system operates and its place in the economy. The course provides background for more effective and better use of business services in personal affairs as well as foundation for future courses in various business programs. 5 lecture hours. Satisfies specified elective requirement for the AA degree. Credits: 5 Credits Prerequisites: Math 060 and READ 080 or instructor permission Recommended Preparation: None Co-requisites: None Learning Outcomes: 1. Understand the economic environment of American and international business 2. Examine the nature of economic activity in the business market 3. Identify and understand the main reasons why countries benefit from engaging in international trade with each other 4. Evaluate the broad approaches to organization and management 5. Describe how the marketing environment affects a firm's market strategy 6. Identify influences on consumer behavior 7. Understand the concepts of segmentation, targeting and positioning 8. Describe and analyze the marketing mix 9. Describe the role of marketing within service firms 10. Explain the importance of finance as a resource within an organization 11. Understand the process of company account preparation and financial statements 12. Apply appropriate techniques to analyze and evaluate financial performance 13. Make financial decisions based on financial information, including balance sheet and income statement 14. Identify concepts of job requirements, develop job descriptions, and recommend job qualification 15. Outline and understand the recruitment and selection process by assessing various tools including testing, application blanks, interviews, references, and resumes 16. Understand major laws affecting personnel practices 8/7/2013 2 17. Distinguish between various compensation programs and rate different incentive plans as motivations in particular situations 18. Formulate simple programs of policies and guidelines for motivation of employees, effective communication, and safety concerns 19. Discuss the importance of the socialization process in developing a dedicated, loyal, productive employee; and develop a process to bring it about including the essentials of employee training and management development 20. Be able to solve workplace problems by making effective decisions 21. Understand the role of numerical data in business, develop the tools to analyze and then effectively communicate / present numerical and verbal information 22. Gather and evaluate complex information from diverse sources through diverse media 23. Analyze and critique production operations decisions using appropriate information and resources 24. Critically compare operations management systems of world class producers 25. Understand and evaluate requirements for effective inventory management 26. Apply understanding of a control process management system 27. Demonstrate knowledge and understanding of the basic principles of the American Legal system, relevant legal institutions relevant to the operation of a business 28. Critically evaluate the impact of the changing legal environment on the business/organization situation 29. Identify and investigate 'legal problems' for businesses and suggest solutions to the same Course Resources/Textbooks/Website: Exploring Business, v1.0 by Karen Collins, Flatworldknowledge. Academic Integrity: All forms of cheating, falsification, and plagiarism are against the rules of this course and of Grays Harbor College. Students who are unsure what constitutes academic dishonesty are responsible for asking the instructor for clarification. Instances of intentional academic dishonesty will be dealt with severely. Disabilities: Students who have documented disabilities that require accommodations in compliance with the Americans with Disabilities Act should contact the Disability Support Services coordinator as well as the instructor of the course in order to ensure that together we create an optimal environment for educational achievement. W Day, the final day to officially withdraw from a course, is the Thursday of the seventh week (Thursday of the fourth week for summer quarter). Students who do not withdraw by that date will receive the grades they have earned, regardless of whether they are attending the course or completing the work. Students who are considering withdrawal are strongly advised to consult with the instructor, advisor and financial aid prior to withdrawing. The only withdrawals allowed after W Day are complete withdrawals from all courses. 8/7/2013