introduction to business openstax citation

You will also learn how data are gathered and what "good" data can be distinguished from "bad.". In the background, a schoolhouse burns, and a lynched freedman is shown hanging from a tree. Next, the chapter will cover the transitions that you may experience as a new college student. Kinetic by OpenStax offers access to innovative study tools designed to help you maximize your learning potential. Companies such as Google have approximately the same percentage of star players as other companies, but instead of spreading out the talent, they group them dynamically to achieve more throughout the day. When I began my community college studies, I knew what I wanted to do. In the Chesapeake Bay and New England colonies, conflicts erupted as the English pushed against their native neighbors (Figure 3.1). And they have a lot in common with you as well because you are in a similar positionstarting the next chapter of the rest of your life. Then, the chapter will focus on how you can acclimate to the culture and meeting the expectationsall of which will make the transition to a full-fledged college student easier. Amazon grabbed 4 percent of all US retail sales in 2017, new study says, https://www.cnbc.com/2018/01/03/amazon-grabbed-4-percent-of-all-us-retail-sales-in-2017-new-study.html. Our ability as a nation to maintain and build wealth depends in large part on the speed and effectiveness with which we use technologyto invent and adapt more efficient equipment to improve manufacturing productivity, to develop new products, and to process information and make it instantly available across the organization and to suppliers and customers. Sales figures reached $100 billion in 2015 while the stock price climbed over 300% in the past five years. Youve heard the saying Youre only as strong as your weakest link, and in the case of Apple, there were no weak links, making their productivity extremely high overall. Mobile technology allows businesses to communicate with employees, customers, suppliers, and others at the swipe of a tablet or smartphone screen. Wrong. Low prices. Introduction to Systems of Equations and Inequalities; 9.1 Systems of Linear Equations: Two Variables; 9.2 Systems of Linear Equations: Three Variables; 9.3 Systems of Nonlinear Equations and Inequalities: Two Variables; 9.4 Partial Fractions; 9.5 Matrices and Matrix Operations; 9.6 Solving Systems with Gaussian Elimination; 9.7 Solving Systems with Inverses; 9.8 Solving In 2017, the company achieved the number one spot in the 100 Best Corporate Citizens rankings, published annually by Corporate Responsibility magazine. The Dilemma of the West, Cotton is King: The Antebellum South, 18001860, African Americans in the Antebellum United States, The Filibuster and the Quest for New Slave States, Antebellum Idealism and Reform Impulses, 18201860, An Awakening of Religion and Individualism, The Kansas-Nebraska Act and the Republican Party, The Dred Scott Decision and Sectional Strife, The Origins and Outbreak of the Civil War, Congress and the Remaking of the South, 18651866, Go West Young Man! Identify resources in this text and on your campus for supporting your college success. Madison has a lot on her mind, but she aims to face these challenges head-on. citation tool such as, Authors: David S. Bright, Anastasia H. Cortes. First, lets consider how individual business ethics are formed. States and local governments also exert control over businessesimposing taxes, issuing corporate charters and business licenses, setting zoning ordinances, and similar regulations. We recommend using a Except where otherwise noted, textbooks on this site Many Americans experienced in their new home what the thirteen-year-old Polish girl had seen in the silhouette of the Statue of Liberty (Figure 19.1): a wondrous world of new opportunities fraught with dangers.Sadie and her mother, for instance, had left Most of the time, I take responsibility for my learning new and challenging concepts. What they dont know just yetbecause they havent started their classesis that they will have even more in common as they move through each term, focus on a major, and plan for life after graduation. Industry after industry is being disrupted, some replaced, by Bezoss strategy. Will her engineering classes crush her or motivate her to complete college? Our job is to provide a great customer experience, and that is something that is universally desired all over the world. citation tool such as. Demographic factors are an uncontrollable factor in the business environment and extremely important to managers. Noah Robischon, (2017). Introduction; 5.1 Ethics and Business Ethics Defined; 5.2 Dimensions of Ethics: The Individual Level; 5.3 Ethical Principles and Responsible Decision-Making; 5.4 Leadership: Ethics at the Organizational Level; 5.5 Ethics, Corporate Culture, and Compliance; 5.6 Corporate Social Responsibility (CSR); 5.7 Ethics around the Globe; 5.8 Emerging Trends in Ethics, CSR, and It has been only three months since Madison graduated from high school. Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key She graduated in the top 10 percent of her class, and she earned college credit while in high school. Today the dramatic growth in mobile technology has changed the focus of telecommunications, which now faces challenges related to broadband access and speed, content streaming, and much-needed improvements in network infrastructure to address ever-increasing data transmissions.10. Want to cite, share, or modify this book? Still, Amazon faces such challenges as high shipping cost (over $11 billion annually), pressures on employees (especially those working in warehouses that have been criticized for poor working conditions), shipping contractors who go on strike demanding higher wages and reduced workloads, and the possibilities of more governmental regulation (especially with regard to adding drones as a delivery method), as well as pressures to pay more taxes. Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key Every day, managers and business owners make business decisions based on what they believe to be right and wrong. With more than 5,000 employees, Hasbro relies heavily on its strategic brand blueprint to guide its efforts in CSR, innovation, philanthropy, and product development. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution License . Some of the most important of these, which are discussed in this section, are disputes and dispute settlement, business ethics and social responsibility, business and the United States Constitution, criminal liability, torts, contracts, labor and employment law, Unfair Trade The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University. https://openstax.org/books/us-history/pages/1-introduction, https://openstax.org/books/us-history/pages/3-introduction, Creative Commons Attribution 4.0 International License. then you must include on every physical page the following attribution: If you are redistributing all or part of this book in a digital format, They are difficult to predict, define, and measure because they can be very subjective. citation tool such as, Authors: Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt. In addition, however, effective management requires people skills. That is, a good manager must be able to motivate his employees, to lead skillfully, to make appropriate and timely decisions, to communicate effectively, to organize work, to deal with organizational politics, and to work to develop both employees and the organization as a whole. Define the components of the internal and the external business environments. Introduction; 5.1 Confronting the National Debt: The Aftermath of the French and Indian War; 5.2 The Stamp Act and the Sons and Daughters of Liberty; 5.3 The Townshend Acts and Colonial Protest; 5.4 The Destruction of the Tea and the Coercive Acts; 5.5 Disaffection: The First Continental Congress and American Identity; Key Terms; Summary; Review Questions; Critical In addition, the forces of supply and demand determine how prices and quantities of goods and services behave in a free market. This book uses the OpenStax is part of Rice University, which is a 501(c)(3) nonprofit. Introduction to Demand and Supply; 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services; 3.2 Shifts in Demand and Supply for Goods and Services; 3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process; 3.4 Price Ceilings and Price Floors; 3.5 Demand, Supply, and Efficiency; Key Terms; Key Concepts and Summary; Self-Check Questions; Review Attributions: Interpreting the Causes of Behavior, Benefits and Challenges of Workplace Diversity, Perception and Managerial Decision Making, How the Brain Processes Information to Make Decisions: Reflective and Reactive Systems, Opportunities and Challenges to Team Building, Factors Affecting Communications and the Roles of Managers, Managerial Communication and Corporate Reputation, The Major Channels of Management Communication Are Talking, Listening, Reading, and Writing, Situational (Contingency) Approaches to Leadership, Substitutes for and Neutralizers of Leadership, Transformational, Visionary, and Charismatic Leadership, Limiting the Influence of Political Behavior, Conflict in Organizations: Basic Considerations, External and Internal Organizational Environments and Corporate Culture, The Internal Organization and External Environments, Organizing for Change in the 21st Century, An Introduction to Human Resource Management, Influencing Employee Performance and Motivation, Talent Development and Succession Planning, Characteristics of Successful Entrepreneurs, Scientific Method in Organizational Research, Scoring Keys for Self-Assessment Exercises, (leyla.a/ flickr/ Attribution 2.0 Generic (CC BY 2.0)), The Management Challenge at Apple and Google, https://openstax.org/books/organizational-behavior/pages/1-introduction, Creative Commons Attribution 4.0 International License. Introduction; 11.1 The Process of Managerial Communication; 11.2 Types of Communications in Organizations; 11.3 Factors Affecting Communications and the Roles of Managers; 11.4 Managerial Communication and Corporate Reputation; 11.5 The Major Channels of Management Communication Are Talking, Listening, Reading, and Writing; Key Terms; Summary of Learning A study of 3,000 independent businesses, half of whom were retailers, listed competition from Amazon as their primary concern. By the time you complete this chapter, you should be able to do the following: While Reginald and Madison have had different experiences before and certainly have different motivations for enrolling in college, they have quite a bit in common. As an Amazon Associate we earn from qualifying purchases. Will his classmates think he is too old? Define the external environment of organizations. The amount of government activity, the types of laws it passes, and the general political stability of a government are three components of political climate. A complaint of modern life is that society is dominated by large and impersonal secondary organizations. Coined by sociologist William F. Ogburn (1957), the term culture lag refers to the time that passes between the introduction of a new item of material culture and its social acceptance. then you must include on every digital page view the following attribution: Use the information below to generate a citation. Introduction; 5.1 Confronting the National Debt: The Aftermath of the French and Indian War; 5.2 The Stamp Act and the Sons and Daughters of Liberty; 5.3 The Townshend Acts and Colonial Protest; 5.4 The Destruction of the Tea and the Coercive Acts; 5.5 Disaffection: The First Continental Congress and American Identity; Key Terms; Summary; Review Questions; Critical The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo Introduction; 10.1 Comparing Two Independent Population Means; 10.2 Cohen's Standards for Small, Medium, and Large Effect Sizes; 10.3 Test for Differences in Means: Assuming Equal Population Variances; 10.4 Comparing Two Independent Population Proportions; 10.5 Two Population Means with Known Standard Deviations; 10.6 Matched or Paired Samples; Key Introduction; 10.1 Launching the Imperfect Business: Lean Startup; 10.2 Why Early Failure Can Lead to Success Later; 10.3 The Challenging Truth about Business Ownership; 10.4 Managing, Following, and Adjusting the Initial Plan; 10.5 Growth: Signs, Pains, and Cautions; Key Terms; Summary; Review Questions; Discussion Questions; Case Questions; Suggested Resources Will she be able to find new friends quickly? Robots help businesses automate repetitive tasks that free up workers to focus on more knowledge-based tasks critical to business operations.15. Several years ago the company started an annual Global Day of Joy as a way of engaging its employees worldwide in community service. To make matters more complicated, the fast-paced workplace and technology changes, including the diversity of employees and the global marketplace, takes a considerable toll on employee expectations, as do the overall stresses of the business performance. This book uses the That accounts for 60 million customers in the United States who use Prime and who spend $2,500 on Amazon annually. Introduction; 5.1 Confronting the National Debt: The Aftermath of the French and Indian War; 5.2 The Stamp Act and the Sons and Daughters of Liberty; 5.3 The Townshend Acts and Colonial Protest; 5.4 The Destruction of the Tea and the Coercive Acts; 5.5 Disaffection: The First Continental Congress and American Identity; Key Terms; Summary; Review Questions; Critical I feel comfortable working with faculty, advisors, and classmates to accomplish my goals. The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University. Typically, when you read a newspaper article or watch a television news program, you are given sample information. Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key Why Amazon Is The Worlds Most Innovative Company Of 2017, https://www.fastcompany.com/3067455/why-amazon-is-the-worlds-most-innovative-company-of-2017; L. Thomas, (2018). They also change as people move through different life stages. Jan 27, 2022 OpenStax. After reading this chapter, you should be able to answer these questions: Hasbro is a global play and entertainment company that takes corporate social responsibility (CSR) very seriously. This event, which played out for more than 87 days, severely affected the environment, businesses, tourism, and peoples livelihoods. Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key If you are redistributing all or part of this book in a print format, Import tariffs, quotas, and export restrictions also must be taken into account. Creative Commons Attribution License The sample proportions p and q are estimates of the unknown population proportions p and q.The estimated proportions p and q are used because p and q are not known.. Jun 5, 2022 OpenStax. Contemporary challenges are discussed. As someone accepted on full funding to a 4-year university, but whose lifes circumstances disallowed attending college until years later, I used to dream of a stress-free college life. However, the external environmental conditions that affect a business are generally beyond the control of management and change constantly. Players and coaches must analyze their opponents offense and defense, solve problems related to opposing players skills and their own teams weaknesses, and constantly create through split Introduction; 10.1 Comparing Two Independent Population Means; 10.2 Cohen's Standards for Small, Medium, and Large Effect Sizes; 10.3 Test for Differences in Means: Assuming Equal Population Variances; 10.4 Comparing Two Independent Population Proportions; 10.5 Two Population Means with Known Standard Deviations; 10.6 Matched or Paired Samples; Key Introduction; 5.1 Confronting the National Debt: The Aftermath of the French and Indian War; 5.2 The Stamp Act and the Sons and Daughters of Liberty; 5.3 The Townshend Acts and Colonial Protest; 5.4 The Destruction of the Tea and the Coercive Acts; 5.5 Disaffection: The First Continental Congress and American Identity; Key Terms; Summary; Review Questions; Critical then you must include on every physical page the following attribution: If you are redistributing all or part of this book in a digital format, Contemporary managers are witnessing changes in technologies, markets, competition, workforce demographics, employee expectations, and ethical standards. Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key Figure 16.1 In this political cartoon by Thomas Nast, which appeared in Harpers Weekly in October 1874, the White League shakes hands with the Ku Klux Klan over a shield that shows a couple weeping over a baby. Except where otherwise noted, textbooks on this site Minorities buying power has increased significantly as well, and companies are developing products and marketing campaigns that target different ethnic groups. Introduction; 5.1 Ethics and Business Ethics Defined; 5.2 Dimensions of Ethics: The Individual Level; 5.3 Ethical Principles and Responsible Decision-Making; 5.4 Leadership: Ethics at the Organizational Level; 5.5 Ethics, Corporate Culture, and Compliance; 5.6 Corporate Social Responsibility (CSR); 5.7 Ethics around the Globe; 5.8 Emerging Trends in Ethics, CSR, and

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introduction to business openstax citation

introduction to business openstax citation