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| BAM
101 Introduction to Business
2023 Jan-Feb-Mar-Apr online |
official
course outline https://apps.senecacollege.ca/ssos/print/bam101/20203/301
outline https://apps.senecacollege.ca/s....=BAM101 ..
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Basic Grade Structure
15% Assignment 1 Entrepreneur
Interview
10% Assignment 2 Entrepreneur
Self Assessment
15% Assignment 3 G.O.P.S.T.,
Goals and Objectives
25% Mid-Term Test
35% Final Exam
official
course outline https://apps.senecacollege.ca/ssos/print/bam101/20203/301
outline https://apps.senecacollege.ca/ssos/findOutline.do?schoolCode=0s58289?termCode=20203?subjectCode=BAM101
...
 |
Seneca
has an arrangment with Zoom whereby students and professors can use Zoom
to get details, go to https://inside.senecacollege.ca/its/services/zoom/ Once you have the app, you can use it by going here Prof. Richardson will also be using this login link https://senecacollege-ca.zoom.us/ |
1. Discuss the role and changing
trends of Canadian business in the Canadian and global economic systems.
2. Identify and describe
the political, economic, social, technological and international / geographic
environments within which business operates.
3. Compare the various forms
of business ownership, identify the importance of entrepreneurs, and explain
the appropriate structures for setting up business in Canada, including
the basic elements of a business plan.
4. Describe the basic management
functions of planning, organizing, leading and controlling as they pertain
to all areas of business.
5. Describe the elements
of Human Resource Management within an organization and the importance
of leading and motivating employees.
6. Discuss ethical issues
and social responsibility, and how they affect the major business stakeholders
such as employees, customers, investors, the community and environment.
7. Describe the importance
of trade for Canadian business including the opportunities and challenges
of conducting business in the global economy.
8. Explain financial management
as it relates to the Canadian money and banking systems, risk management,
securities markets and investment functions.
.
see
also BAM101 2018
and
witiger.com/powerpoints/intro2business/
| BAM101 Detailed
Topic Outline
1. Introduction to Canadian Business
 |
The basic "black
and white" course outline
as can be seen on Seneca's webpage for the BAM101 course https://www.senecacollege.ca/ssos/findOutline.do? schoolCode=0s58289?termCode=20203?subjectCode=BAM101 The "detailed" course outline
with specific dates, readings and videos follows below on this web page
|
Basic Grade Structure
15% Assignment 1 Entrepreneur
Interview
10% Assignment 2 Entrepreneur
Self Assessment
15% Assignment 3 G.O.P.S.T.,
Goals and Objectives
25% Mid-Term Test
35% Final Exam
Detailed Grading Structure
| Evaluation (Marks for the course) | Grade Value |
| Mid-term Test is 2 sets
of questions
one set of questions is sent out before the March Break another set of questions is sent out after the March Break Feb
21st
|
25% |
| Evaluation (Marks for the course) | Grade Value | |||
Term Work
|
25%
|
|||
| Assignment
2 Entrepreneur Self Assessment Term Work 10%
Introduced Jan 17th Before you know whether or not you have what it takes to be an entrepreneur, it probably is a good idea to go talk to someone who is a real entrepreneur and learn a bit about what theywent through. That is why you did Assignment #1 Assignment #2 is for you to now look at a long list of specific questions and see how well you "match" the characteristics of "average" entrepreneurs. Self
assessment tools online
Comment
on what expectations you guessed you would be good at, and what things
it appears that you are not good at
Simply write out your comments, and email it to the prof. |
Due Mar 10th |
| Evaluation (Marks for the course) | Grade Value | |
| Assignment
#3 Case Study / Assignment
Assignment 3 G.O.P.S.T., Goals and Objectives Goal
Basics of GOPSThttp://www.witiger.com/ecommerce/GOPST.htm
|
you will create a chart that looks like this Email the chart to the professor |
15% |
| Evaluation (Marks for the course) | Grade Value |
| Final Exam - to be discussed Apr 11th | 35% |
first
class
 |
.
|
| first
class
Read
|
Read
The Newspaper id
|
 |
Video describing
how you need to set up a new YouTube account identifying yourself
by name (just first name + course name) so when you make comments on the
course videos, we can know who you are and you can get the proper marks
for class participations / contribution
When you make comments on
videos you can earn marks by
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2023
Jan 17t
sources of info on Introduced Jan 17th . 1 governments 2 associations 3 corporate webpages Associations
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| 1.
Introduction to Canadian Business
social issues economic systems forms of business ownership entrepreneurship and small business management
2. Identify and describe the political, economic, social, technological and international / geographic environments within which business operates.
|
.
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#L.O. #2 2. Identify and describe the political,.. The
Political - Legal - Regulatory Environment
|
Role
of Government
in business and marketing a significant influence on the government in Canada is the situation of the United States and the political, economic, social cultural, technological things that effect the Americans and how that in turn effects Canada
|
|
#L.O. #2 2. Identify and describe the political,.. The Political - Legal - Regulatory Environment |
Role
of Government
in business and marketing Crown
Corporations
... .. |
| The Political - Legal - Regulatory Environment | Crown
Corporations
the entire list of Canadian Crown Corporations www.canada.ca/en/treasury-board-secretariat/services/ guidance-crown-corporations/list-crown-corporations.html .. Canada is a very large country with a sparse population. Crown Corporation were created by governments to provide important services in a vast, sparsely populated nation; usually because the private sector was unable or unwilling to provide them, rather than because of a preference for public ownership per se. Examples
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|
#L.O. #2 2. Identify and describe the political,.. The
Political - Legal - Regulatory Environment
|
Role
of Government
in business and marketing Introduced Jan 17th Government
Influence on Trade
Government taxation Government Expenditures\
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| #L.O.
#2
2. Identify and describe the political,.. The
Political - Legal - Regulatory Environment
|
Role
of Government
in business and marketing
|
| #L.O.
#2
2. Identify and describe the political,.. The
Political - Legal - Regulatory Environment
|
Role
of Government
in business and marketing for Jan 24th GDP, GNP GDP = Gross Domestic Product GNP = Gross National Product Gross domestic product (GDP) is the value of the finished domestic goods and services produced within a nation's borders. In Canada, the biggest part of GDP is made up of the service industries (GNP) is the value of all finished goods and services owned by a country's citizens, whether or not those goods are produced in that country. |
| #L.O.
#2
2. Identify and describe the political,.. The
Political - Legal - Regulatory Environment
|
Role
of Government
in business and marketing for Jan 24th Recession
"A recession is a significant, pervasive, and persistent decline in economic activity. Economists measure a recession's length from the prior expansion's peak to the downturn's trough. Recessions may last as little as a few months, but the economy may not recover to its former peak for years." What is the main problem in a recession? One of the consequences of recession is unemployment, which tends to increase, especially among the low-skilled workers, due to companies and even government agencies laying off staff as a way of curtailing expenses. Another result of recession is drop in output and business closures A recession begins after two consecutive quarters (or six months) of negative gross domestic product (GDP) [1]. Recessions are often accompanied by rising unemployment rates and reduced consumer spending. Recessions are part of the regular economic cycles of many nations, |
|
#L.O. #2 2. Identify and describe the political,.. The
Political - Legal - Regulatory Environment
|
Role
of Government
in business and marketing for Jan 24th business cycles recession, inflation, employment Employment
|
|
#L.O. #2 2. Identify and describe the political,.. The
Political - Legal - Regulatory Environment
|
CPI
Consumer Price Index
www23.statcan.gc.ca.. The Consumer Price Index (CPI) represents changes in prices as experienced by Canadian consumers. CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services CPI basket are divided into
8 major components:
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#L.O. #2 2. Identify and describe the economic environments ... |
Law
of Supply-Demand .
Supply and Demand for th Elastic Demand Inelastic Demand. 
did Jan 24th, +Jan 31 |
|
#L.O. #2 2. Identify and describe the competitivce environments ... |
Competition
Basics
for Jan 24th Yahoo vs Google early bird gets the worm vs. second mouse gets the cheese . Business competitors are:
did Jan 24th o Perfect Competition o Monopolistic o Oligopoly o Monopoly |
|
#L.O. #2 2. Identify and describe the ...geographic environments within which business operates |
Weather
Extremes
|
| #L.O.
#6 Chpt 3
6. Discuss ethical issues and social responsibility, and how they affect the major business stakeholders such as employees, customers, investors, the community and environment. |
Ethics
did partly Jan 31st + Feb 7th Ethics effected by the 6 Environments - video 
2 min 27 sec noted Jan 31st watch on your own, make comments |
Ethical
Dilemmas and Social Responsibility
|
| #L.O.
#6 Chpt 3
6.
|
Ethics
. Corporate Social Responsibility did Jan 31st - Obstructionist Stance - Defensive Stance - Accommodative Stance - Proactive Stance |
| #L.O.
#6 Chpt 3
|
Whistleblowers
for
Feb 7th
Stakeholders did Jan 31st 
3 min 37 sec |
responsibility
to stakeholders
- employees
|
| #L.O.
#3 Chpt 4
3. "...identify the importance of entrepreneurs, |
Entrepreneurship
. Developing New Products and Services New Product Development Process did Feb14th Idea Generation . Screening Idea Evaluation Develop Product Market Testing Commercialization |
| #L.O.
#3 Chpt 4
3. "...identify the importance of entrepreneurs, |
Entrepreneurship
. New Product Development Assignment Video .youtube.com/watch?v=7frRn01Qjek noted Feb14th This video refers to an assignment NOT DONE in 2023 Online But, points in the video are useful about the whole "new product development process" - so watch the video to learn about the concept of the New Product Development |
| #L.O.
#3 Chpt 4
3. "...identify the importance
of entrepreneurs,
|
Entrepreneurship
. Assignment - talking to a successful entrepreneur Assignment 1 Entrepreneur Interview YouTube video explaining details noted Feb14th Small
Business
|
| #L.O.
#3 Chpt 4
3. Compare the various forms
of business ownership, ...and explain the appropriate structures for setting
up business in Canada, including the basic elements of a business plan.
|
Forms
of Business Ownership
Forms of Business Ownership PPT by Prof. Litt did "..explain the appropriate structures for setting up business.." o Sole Proprietorship o Partnerships
o Corporations
|
| #L.O.
#3 Chpt 4
3. Compare the various forms of business ownership, ...and explain the appropriate structures for setting up business in Canada, including the basic elements of a business plan. |
o
Franchising
did Feb 21st Coattail effects - 40+% of all retail sales are through a Franchise The Canadian Franchise Association cfa.ca The CFA is an association of more than 700 corporate members representing over 40,000 franchise business owners Timmies
- "our" franchise
|
| #L.O.
#3 Chpt 4
3. Compare the various forms of business ownership, ...and explain the appropriate structures for setting up business in Canada, including the basic elements of a business plan. |
Co-operatives
What is a co-operative ica.coop/en/cooperatives/what-is-a-cooperative Co-operatives in Canada canada.coop/en/about/ did Feb 14th
|
| #L.O.
#3 Chpt 4
3. ... the importance of
entrepreneurs, and IPOs
|
How
and why companies do an IPO
did Feb 7th "go to the street" - list their stock on the stock market 
5 min 16 sec Story
about Shopify and their IPO in 2014
When
Shopify launched their IPO the shares sold at $17
|
| #L.O.
#3 Chpt 4
3. "...and explain the appropriate
structures for setting up business in Canada,...".
|
Entrepreneurship
and Small Business
how to
register a business.
before
you pick company name, check tos ee if those words are available
as a company name (meaning nobody has registered those words as the name
of a business
|
| #L.O.
#3 Chpt 4
3. "...and explain the appropriate
structures for setting up business in Canada,...".
|
Entrepreneurship
and Small Business
98% of all business is small business "..explain the appropriate
structures for setting up business.."
|
| #L.O. #3
Chpt 4
3. "..., including the basic
elements of a business plan.
|
The
difference between
Business Plans (BAM101) www.witiger.com/marketing/MarketingStrategyMarketingPlan.htm and Marketing Plans (MRK106)www.witiger.com/marketing/MarketingStrategyMarketingPlan.htm did April 4th The
difference between a Business Plan and a Marketing Plan
|
| #L.O.
#3 Chpt 4
3. "..., including the basic elements of a business plan. |
Business
Plans
noted Feb 14th + Mar 14th + April 4th 10 common business plan mistakes noted Feb 14th - read on your own |
what
investors really want to know when you submit a plan for funding
did Mar 14th |
 |
The 10 fingers of Business and marketing on WTGR's LinkedIn account https://www.linkedin.com/posts/ w-tim-g-richardson-77472a15 _the-10-fingers-of-marketing-and-business- activity-6698473997409120257-kGVd + April 4th |
| 6
Environments
(Business) Jan 10th
|
4P's
(Marketing) for Jan 17th
|
| #L.O.
#7 Chpt 5
7. Describe the importance
of trade for Canadian business including the opportunities and challenges
of conducting business in the global economy..
|
Global
marketing
int'l business SUMMARY for Feb 21 Summary of all int'l business topics 
Globalization
CollaborativeRelationships
FDI
concepts .
|
| BREAK
WEEK
. |
MARCH BREAK WEEK 2023 Feb 27 - March 3rd |
| #L.O.
#4 Chpt 8
4. Describe the basic
management functions of planning, organizing, leading and controlling as
they pertain to all areas of business.
|
Management
Leadership
Functions of Management PDOC
the main functions of leaders
|
| #L.O.
#4 Chpt 8
4. Describe the basic management functions of planning, organizing, leading and controlling as they pertain to all areas of business.
|
Management
Leadership
Functions of Management Managing Hybrid Teams Question:
Answer:
|
| #L.O.
#4 Chpt 8
4. Describe the basic
management functions of planning, organizing, leading and controlling as
they pertain to all areas of business.
|
Mission
Statement
.
.
|
| #L.O. #4 Chpt 8 | Types
of Planning
o Strategic Planning o Contingency Planning did March 21 o Tactical Planning o Operational Planning Contingency
Planning
|
| #L.O. #4 Chpt 8 | Management
Skills
o
Technical
Skills
Employee
Empowerment
|
| #L.O.
#5 Chpt 9
5. Describe the elements
of Human Resource Management within an organization and the importance
of leading and motivating employees
|
Motivation
and Maslow's Hierarchy of Needs
did March 7th + April 4th 
Leading Employees told story of accounting student who wanted to be a cop |
| #L.O.
#5 Chpt 9
5. Describe the elements
of Human Resource Management within an organization and the importance
of leading and motivating employees
|
How
to Motivate Millennials
- 7 min 22 sec did March 7th The challenge of understanding, and motivating, Millenials Micah Tyler video Millenial
Job Interview
See also course CAP506 |
| #L.O.
#8 Chpt 14
8. Explain financial management
as it relates to the Canadian money and banking systems, ...
|
Money
- Banking
M1,
M2
Deposit institutions o
banks
non-deposit
Bonds |
| #L.O.
#8 Chpt 15
8. Explain ..., securities
markets and investment functions.
|
Mutual
Funds
|
| #L.O.
#8 Chpt 15
8. Explain ..., securities
markets and investment functions.
|
Long
Term Financing
o debt financing o bonds
|
| #L.O.
#8 Chpt 15
8. Explain ..., risk management.
|
Risk
Management
o Speculative Risk o Pure Risk  |
| Evaluation (Marks for the course) | Grade Value | ||
| Mid-term Test | 25% | ||
Term Work
Assignment 2 Entrepreneur Self Assessment Term Work 10% |
25% | ||
| Case Study / Assignment
Assignment 3 G.O.P.S.T., Goals and Objectives Case Study / Assignment 15% |
15% | ||
| Final Exam | 35% | ||
| Total | 100% |
Professionalism: All students are expected to demonstrate professionalism, as outlined in the document, Marketing Programs: Guidelines and Policies on Professionalism.
Failure to demonstrate the
required professionalism will result in a deduction of up to 10% from the
final grade for the course. Alternately, demonstrating exceptionally
strong professionalism can result in an increase of up to 5% in the final
grade. The Marketing Programs: Guidelines and Policies on Professionalism
document will be provided by your Professor.
Please refer to it for additional
information.
 |
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| Group Work
- what the Report should look like - binding, pages, table of contents |
Group Work / Reports Part
2
The importance of using "Mature Language" in your writing |
Group Work /
Reports Part 3
important considerations |
Group Work / Reports Part
4
Coordinating the submission Communication w group members |
bsv
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CONTACT I MAIN PAGE I NEWS GALLERY I E-BIZ SHORTCUTSIINT'L BIZ SHORTCUTS I MKTG?BUSINESS SHORTCUTS I TEACHING SCHEDULE |
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MISTAKES
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USED I
IMAGES
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RANK
IDISCLAIMER
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STUDENT
CONTRIBUTORS I FORMER
STUDENTS I PUBLICATIONS
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