Course-Introduction to Business
This class will be an overview of the field of business study geared toward 9th and 10th grades. Some of the topics covered are the owership, organization and management of business, accounting and finance, sales, marketing, human resources, legal issues, and government regulations. This class will assist students in their choice of business study and possible continuation.
Business students are strongly encouraged to join DECA, a national marketing student association. This organization is highly recommended by the school district and the Michigan Department of Education. The purpose of Heritage High School DECA is to help develop vocational understanding, leadership qualities, social awareness and a sense of responsibility to school and community.
Open to 9th, 10th, 11th, 12th graders
-Explain the importance of studying business principles.
-Discuss how businesses and consumers make their buying decisions.
-Discuss the importance of marketing and its role in the economy.
-Discuss the three economic systems and three economic political systems.
-Describe characteristics of successful entrepreneurs.
-Describe the variety of career opportunities in business.
How points can be earned each ten weeks!
2. Written Assignments
3. In Class/Homework Assignments
INTRODUCTION TO BUSINESS (ITB)
ITB-1 Students will define our Economic System.
1. Understanding of Wants and Needs.
2. The Role of Competition.
3. Economic Resources and Systems.
4. Measuring and predicting economic performance.
5. Economic Activity in a Changing World.
ITB-2 Students will be introduced to career planning in the business field.
1. Government Roles in business.
2. Referee, regulator, supporter, consumer.
3. International Government involvement.
1. Social Responsibility of business.
2. Ethical Behavior for business.
3. Benefits and costs of these.
1. Differences between domestic and international business.
2. Operations in international markets.
3. Special agreements that promote international trade.
1. Identify types of information in managing business.
2. Sources of business information.
3. Collecting process.
5. Analyzing, communicating, displaying.
6. Use to support decisions.
ITB-7 Students will be introduced to proper Form of Business Ownership and Organization.
1. Understanding Entrepreneurship.
2. Owning and Operating a Business.
3. Describe the three basic types of business ownership.
4. Investigate alternative forms and decisions for selection.
5. Reasons for having a formal organization.
6. Process for building and refining an organization to meet objectives.
7. Explain authority, responsibility, accountability, and chain of command.
8. Address the role and impact of informal organizations.
ITB-8 Students will comprehend the role of Small Business.
1. Define the role of small business in economy.
2. Advantages and disadvantages.
3. Process for starting a small business.
4. Causes for failure.
5. Franchising and the advantages of.
ITB-9 Students will understand business management and human resources.
1. Importance of Management.
2. Explain functions and levels of.
3. Role of a manager.
4. Describe the three basic management styles.
5. Process for deriving a management decision.
6. Functions of human resource management.
7. Address key issues that impact business operations.
1. Explain the concept of Marketing.
2. Identify the marketing process (4 P’s) and activities.
3. Explain the importance of marketing.
1. Planning a budget.
2. Checking accounts.
3. Savings accounts.
4. Investing and Stocks.
5. Bonds and Real Estate.
ITB-12 Students will be introduced to basic business math.
1. Explain general accounting processes.
2. How accounting is used to support management planning and controls.
3. Describe use and nature of budgets, accounting reports, and analyses of each.
1. Explain the concept of risk and how it applies to business operations.
2. Various management approaches for avoiding and minimizing potential risk.
3. Identify and understand various types of insurance used to protect company resources.