About This Chapter
Below is a sample breakdown of the Dynamic Business Environment chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.
|Day||Topics||Key Terms and Concepts Covered|
|Monday||The economy, business, and entrepreneurship||Profit and risk, nonprofit business practices, for-profit business practices, entrepreneur, economic benefits of entrepreneurship, and the five factors of production|
|Tuesday||Economic and legal environments||Macroeconomic factors, microeconomic factors, supply and demand, taxes, business regulations, federal laws, and state laws|
|Wednesday||Technological and competitive environments||Technological product, technological change, technological process, perfect competition, market competition, competitive strategy, imperfect competition, and competitive advantage|
|Thursday||Social and global business environments||Social changes, external and internal social environments, diversity, changing workforce, global challenges, demographics, cultures, embargoes, foreign subsidiaries, and strategic alliances|
|Friday||Trends in business||Knowledge-based economy, globalization, intellectual capital, historical trend patterns, and trend-based forecasting|
1. The Nature of Business: Raising the Standard of Living
Businesses not only have the ability to create wealth and prosperity for their owners, but also for their employees and society at large. In this lesson, you'll learn about how the nature of business can increase the standard of living for all.
2. Entrepreneurship & the Economy: Definition & Importance
Entrepreneurs fill a vitally important role in market economies. In this lesson, you'll learn about the importance of entrepreneurship, different types of entrepreneurs and how they add value to an economy.
3. Entrepreneurship Lesson Plan
What is an entrepreneur and how do they contribute to business? This lesson plan uses a text lesson to outline key concepts regarding entrepreneurialism. A group activity asks students to design their own entrepreneurial enterprises.
4. How the Economic and Legal Environment Affects Business
Businesses do not operate in a vacuum. They are subject to their external environments. In this lesson, you'll learn about the legal and economic environments of business and how businesses are affected by them.
5. How The Technological Environment Affects Business: Examples & Effects
Technology affects all of us. Technology can catapult a business to success or destroy it. In this lesson, you'll learn about technology, technological change, and creative destruction. A short quiz follows.
6. How The Competitive Environment Affects Business: Examples & Importance
Competition is essential for the successful operation of a market economy. Competition helps provide the best products and services at the best price. In this lesson, you'll learn about competition and some strategies employed by competitors.
7. How The Social Environment Affects Business: Examples & Impact
Businesses operate in a society. In fact, large organizations are mini-societies unto themselves. In this lesson, you'll learn some of the factors that make up the external and internal social environment of a business.
8. How The Global Business Environment Affects Business: Explanation & Examples
The world is becoming smaller. As globalization continues, businesses will be presented with opportunities and face challenges. In this lesson, you'll learn about some of these challenges and see how businesses can meet them.
9. Understanding Business Trends: Past, Present & Future
We can often use past and current trends to predict where we will be in the future. In this lesson, you'll learn about some important business trends occurring right now that may have important consequences to new students and graduates.
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Other chapters within the Intro to Business Syllabus Resource & Lesson Plans course
- Ethical Behavior in Business Lesson Plans
- Economics & Business Lesson Plans
- Global Markets & Trade Lesson Plans
- Business Ownership Types Lesson Plans
- Entrepreneurship & Small Business Lesson Plans
- Managing & Leading in Business Lesson Plans
- Business Leadership Styles Lesson Plans
- Organizational Management Lesson Plans
- Business Production & Operations Lesson Plans
- Workplace Productivity & Motivation Lesson Plans
- Human Resources Basics Lesson Plans
- The Employer-Worker Relationship Lesson Plans
- Business Marketing Basics Lesson Plans
- Product Development & Retailing Lesson Plans
- Supply Chain Management Lesson Plans
- Pricing Strategy in Marketing Lesson Plans
- Product Promotion Lesson Plans
- MIS Basics Lesson Plans
- Information Technology Implications Lesson Plans
- Risk Management in Business Lesson Plans
- Accounting Basics Lesson Plans
- Financial Management Lesson Plans
- Securities Markets & Business Lesson Plans
- Money & Financial Institutions Lesson Plans