TAILIEUCHUNG - Lecture Introduction to business - Lecture 1: Understanding business systems

The following will be discussed in this chapter: Understanding the business systems, understanding the environment of business, conducting business ethically and responsibly, understanding entrepreneurship and new ventures, managing the business enterprise, organizing a business enterprise,. | Introduction to Business LECTURE 1: Introduction to Business MGT 100 Introduction to Business Course Objectives: 1. To provide students with the theoretical background regarding basic business concepts so that a framework is developed in to which specialized fields can be studied. 2. To assist students in applying acquired skills and knowledge to real-life situations. 3. To provide a virtual classroom environment that enhances the quality of learning of the off campus students. Introduction to Business Course Policy Course Description: Understanding the business systems Understanding the environment of business Conducting business ethically and responsibly Understanding entrepreneurship and new ventures Managing the business enterprise Organizing a business enterprise Managing human resource Motivating and leading employees Understanding marketing processes and consumer behavior Developing and pricing products Distributing and promoting products Understanding principles of accounting Understanding financial and risk management Introduction to Business Course Policy (Contd.) Marks Distribution: Marks Assignments (04) : 15 Quiz (04) : 10 Sessional Exam 1 : 10 Sessional Exam 2 : 15 Internal Marks : 50 5. Final Examination : 50 Total : 100 Passing Marks: 50 Introduction to Business Course Policy (Contd.) Text Book: Business Essentials, 8th Edition by Ricky W. Griffin & Ronald J. Ebert, Prentice Hall Reference Text: , Stephan P. Robbins, Harcourt College Publishers Introduction to Business Chapter 1: Understanding Business Systems Introduction to Business (Chapter 1) In this chapter we will: Define the nature of business Identify its goals and functions Discuss history of business Describe different types of global economic systems Study demand and supply and its affect on resource distribution Discuss private enterprise and various degree of competition The Concept of Business and Profit Business An organization that .

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