In a few words, what do you think you will learn in Principles of Business?
Learn the fundamentals of business operations, such as accounting, marketing, and finance. Understand the importance of ethics and social responsibility in business. Develop an understanding of business strategies and decision-making.
Introduction to Principles of Business
Leadership: The ability to influence and guide people towards a common goal or shared vision. Management: The process of organizing and directing resources within an organization to achieve pre-determined objectives. Marketing: The process of researching, promoting, and selling products or services to customers. Finance: The science of managing money in an organization to maximize profits.
What do you think are the most important aspects of business that you want to learn?
What do you think are the most effective ways to learn about business?
What do you hope to gain by taking a principles of business?
What do you think is going to be the most challenging part of this class?
Brain break: Draw a penguin carrying an ice cream cone as tall as itself
What do you think SWOT analysis stands for in relation to business?
- Strategies, Workflow, Objectives, Targets
- Sales, Workers, Operations, Taxes
- Strengths, Weaknesses, Opportunities, Threats
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is an analytical tool used to assess the strengths and weaknesses of a business, as well as the opportunities and threats it faces. It helps businesses identify areas of growth, potential risks, and opportunities for improvement. By understanding SWOT, students can use the analysis to make informed decisions for their future business endeavors.
What is SWOT Analysis?
In terms of employment laws in Texas, which principle ensures equal opportunity for all job applicants?
- Worker's Compensation
- Fair Employment Practices
- Right to Work
What do you think the three main forms of business ownership?
- LLC , Cooperative , Nonprofit
- Franchise , Joint Venture , Syndicate
- Sole Proprietorship , Partnership , Corporation
Sole Proprietorship: Owned by one person, no formal paperwork needed, easy to set up. Partnership: Owned by two or more people, need a written partnership agreement. Corporation: Owned by shareholders, requires formal paperwork and pays corporate taxes.
Types of Business Ownership in Texas
We will cover: -Management/Leadership -Marketing -Accounting/Finance
A brief overview of all aspects of business
Broad understanding to build future on