Ch 1: The Dynamic Business Environment Lesson Plans

About This Chapter

The Dynamic Business Environment chapter of this course is designed to help you plan and teach about the nuances of business in an ever-changing world in your classroom. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

Weekly Syllabus

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

9 Lessons in Chapter 1: The Dynamic Business Environment Lesson Plans
Test your knowledge with a 30-question chapter practice test
The Nature of Business: Raising the Standard of Living

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.

Entrepreneurship & the Economy: Definition & Importance

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.

Entrepreneurship Lesson Plan

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.

How the Economic and Legal Environment Affects Business

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.

How The Technological Environment Affects Business: Examples & Effects

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.

How The Competitive Environment Affects Business: Examples & Importance

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.

How The Social Environment Affects Business: Examples & Impact

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.

How The Global Business Environment Affects Business: Explanation & Examples

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.

Understanding Business Trends: Past, Present & Future

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support