BUS 106 main page

UPDATED 2013 Apr 3
.

SENECA COLLEGE, TORONTO

BUS 106 (2013), Intro to Business
As taught by Prof. Tim Richardson 416-491-5050 ext 77534 Jan - April 2013
this page also may be used by students of other BUS 106 professors
go here to get your marks witiger.com/marks/-check to see that they are accurately recorded

BUS 106 Assignment

Assignment Details

Answers www.witiger.com/testanswers/

Study Tips for quizzes and tests witiger.com/tips.htm

click to view YouTube video

BUS 106 in 2008, 2009 uses the text BUSINESS: IT'S NATURE AND ENVIRONMENT; 6th Canadian Edition; -published by Pearson ISBN: 0135140730

BUS 106 in 2013 uses the text
UNDERSTANDING CANADIAN BUSINESS, 7th Cdn Edition
(custom publication for Seneca) ; - published by McGraw-Hill
McGrawHill Connect http://connect.mcgrawhill.ca/app/login/connect/index.php

click for text website

Jan 2013

Feb

March

March / April

4pP's - 6E's VIDEO
(watch for first class)

http://www.youtube.com/watch?v=j06cY_-Jc1Q

o4P's web page
(mentioned Jan 9th)
o6E's web page
(discussed Jan 9th - re-read on your own)
--------------------------------------

http://www.youtube.com/watch?v=ntX9xeDgDo8

(mentioned Jan 9th)
product orientation
sales orientation
marketing orientation
--------------------------------------
Chpt 1

video intro by Prof. WTGR
.
profit, loss, revenue, risk
entrepreneurs, stakeholders
non-profit
factors of production
Outsourcing
(mentioned Jan 11)
.
6 Environments p. 11
(for class Jan 9 and 11)
o economic
o technological
o political/legal - regulatory
o social-cultural
o competitive
o geographic
- by country
- cultural considerations

Stakeholders video
(watch this on your own)
[
Geographic Environment
(did class Jan 16)
Weather Extremes
Global Warming
(did class Jan 16)
Identity Theft
(mentioned Jan 11)
--------------------------------------
Chpt 2
Economic Environment

- macroeconomics
- microeconomics

Law of Supply - Demand
Supply and Demand p. 35
(for class Jan 16)

Elastic Demand
Inelastic Demand

(did class Jan 18)

Degrees of Competition p. 37
(for class Jan 18)
o Perfect Competition
o Monopolistic
o Oligopoly
o Monopoly
Competition Basics
(did Jan 23)
Socialism
Communism
Mixed Economies
Price Indexes
GDP
Productivity
Business Cycles
--------------------------------------

Chpt 3 (in the custom pub)
Chpt 4 (in the regular text)
Role of Government
(did Jan 23)
Gov't in Business
o crown corporations
(showed Jan 23)
o gov't influence
(did Jan 23)

Taxation (CRA)
Fiscal Policies
Monetary Policies
Government Expenditures\
Government Purchasing
(fed gov procurement)
www.tpsgc-pwgsc.gc.ca
/app-acq/index-eng.html

and
The Federal Government
Procurement Guide
http://www.cbo-eco.ca/en
/?linkServID=473F0C22
-925F-777F-5FEBBF
2A67DBDB8E
READ AGAIN for APRIL

Gov't Services
oIndustry Canada
o IRAP program
o Dept. of Foreign Affairs
--------------------------------------
Chpt 4 (in the custom pub)
Chpt 5 (in the regular text)

Ethics
(did Feb 6)
(read further on your own)
Ethics effected by the 6 Environments - video

CBC backgrounders
o Whistleblowersp. 90
(did Feb 6)
Bill C-25, Disclosure Protection
.
Social Responsibilityp. 94
- responsibility to the environment
- pollution
- rights of consumers
www.consumer.ca
- consumerism
- unfair pricing

-Insider Trading p. 98
(did Feb 6)
Social Auditing
Sustainable Development
(did Feb 6)
-----------------------------------
Chpt 5
Forms of Business Ownership

how to register a business
(did Feb 13, and 15)

o Sole Proprietorship
(did Feb 13, and 15)
o Partnerships
(did Feb 13, and 15)
oGeneral Partner
oLimited Partner
oLimited Liability
o Corporations
(did Feb 13, and 15)
oPublic
oPrivate
Mergers and Acquisitions
Franchising p. 131
(read on your own)
- 43% of all retail sales

Co-operatives, UCO
---------------------------------
Chpt 6 (in the custom pub)
Chpt 7 (in the regular text)
98% of all business is small business
Entrepreneurship
(read before the exam)and Small Business
Self assessment tools online
owww.bdc.ca
self-assessment quiz online
(do this online)

Business Plans p. 164
(read before the exam)

obtaining financing
(read before the exam)
o debt, borrow
o equity, sell shares
--------------------------------------.
CASE to read for the MID TERM EXAM 2013
--------------------------------------.
Appendix A
Entrepreneur Readiness Questionnaire in the 2010 text

Chpt 7 (in the custom pub)
Chpt 8 (in the regular text)
Management Leadership
Functions of Mgmnt
PDOC p. 181 - 182
o Planning
o Organizing
o Leading(Directing)
o Controlling
.
Mission Statement p. 183
SWOT Analysis p. 184

Goals - Objectives
(read this in detail)
o Goals
o Objectives
o Plans
o Strategies
o Tactics
.Types of Planning p. 185
o Strategic Planning
o Contingency Planning
o Tactical Planning
o Operational Planning
.Management Skills
o Technical Skills
o HR Skills
o Conceptual Skills
Leadership Styles
--------------------------------------
Chpt 8 (in the custom pub)
Chpt 3 (in the regular text)
Competing in Global Markets
International Business
int'l business SUMMARY
summary of all int'l business
topics

Globalization
Forms of Competitive Advantage
.
4X - Foreign Exchange
.
- Why Export
- gauging int'l demand
.
CollaborativeRelationships
see the YouTube Video

added Nov 13
o licensing
o franchising
o mgmnt contracts
o turnkey ops
o joint ventures
o equity alliances
o consortiums
.
Trade Protectionism
o Tariffs
o Subsidies

FDI concepts .
..
o GATT / WTO
o NAFTA, EU
---------------------------------------
PPT slides on int'l business
by Prof. Steve Litt
witiger.com/powerpoints
/international-business/
InternationalBusiness-
powerpoint-by-
professor-Litt.pdf
---------------------------------
Chpt 9 (in the custom pub)
Chpt 10 (in the regular text)
Producing
Production Mgmnt
Operations Mgmnt
Facility Location
Facility Layout
Outsourcing
p. 247
Six Sigma p. 251 Dilbert
ISO 9000 p. 254
see
www.iso.org/iso/
iso_9000_essentials

Supply Chain Management

Process Mfg
o assembly process
o continuous process
o intermittent process
Materials Requirement Planning
J.I.T.p. 261

Purchasing
Flexible Mfg
Lean Mfg
Mass Customization
CAD CAM CIM
TQM
Total Quality Management

WTGR on CTV News discussing recalls and quality management

Chpt 10 (in the custom pub)
Chpt 16 (in the regular text)
Financial Services
Credit Unionsdid Apr 3
Trust Companiesdid Apr 3
Pension Fundsdid Apr 3

Role of the central Bank of Canada

CDIC deposit insurance
did Apr 3
Money - Bankingdid Apr 3
M1, M2
Prime Rate
Banking Industry www.cba.ca
Insurance Industry ibc.ca
Securities Industry
www.securities-administrators.ca

Canadian Securities Course

Stockbrokers
Bonds
Mutual Funds

noted April 3rd
stocks vs. mutual funds
explained in a video

Exchange
TSX www.tmx.com
-----------------------------------------
Chpt 11 (in the custom pub)
Chpt 17 (in the regular text)

Chpt 11 summary on YouTube

Financial Management
o short-term forecast
o cash flow forecast
o long-term forecast

Budgets
o operating budget
o capital budget
o cash budget

acquiring inventory
capital expenditures

Sources of funds
o debt financing
o equity financing
o short-term financing
o long-term financing

Short Term Financing
o loans, secured, unsecured
o line of credit
o factoring accounts receivable
o commercial paper
o credit cards
Long Term Financing
o debt financing
o bonds
o equity financing
o IPOs , stocks
o VCs, venture capitalists
---------------------------------
Risk Management

o Speculative Risk
o Pure Risk

added Dec 4th Tue.
.
Appendix B in the text
o Risk Threat Intro
o Political Risk
o Contingency Planning
o Third Party Risks

FINAL EXAM CASE April 2013
read in advance

What does it mean when you have to analyze something
- watch this video for tips

Jan 9 Wed (Chpt 1)
Jan 11 Fri (Chpt 1)
Jan 16 Wed (Chpt 2)
Jan 18 Fri (Chpt 2)
Jan 23 (Chpt 3)
Assignment

Jan 23 (Chpt 3)
Jan 25 (Chpt 3)
Jan 30 prof sick
Feb 01 prof sick
Feb 06 (Chpt 4)
Feb 8 Quiz 1
Feb 13 Chpt 5
Feb 15 Chpt 6
Feb 20 MID-TERM exam
Feb 20 Assignment due
Feb 25 Mar 02 study week 2013

Mar 6
Mar 8 (Chpt 7)

Mar 27Chpt 9
~~Mar 29 Good Friday Holiday~~
Apr 3 Chpt 10
Apr 5 Quiz 2 on Chpt 9, 10
Apr 10 Chpt 11
Apr 12
Apr 15 - 19 Exam Week

Assignment 2008

d

Read The Newspaper
Part 1 Read The Newspaper
Part 2
getting rich on the stock market Read The Newspaper
Part 3
learn an
Industry Sector Read The Newspaper
Part 4
Business magazines
are important Earning
Class
Participation
Marks
- basics Class
Participation
- how you earn the highest marks Class
Participation
- how they are calculated
- the numbers

..

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

Contest Sept 2012
- just like we have SWOT for Strengths, Weaknesses, Opportunities, Threats, I'd like to create an acronym for the 6E's
o economic
o technological
o political/legal - regulatory
o social-cultural
o competitive
o geographic
You can re-arrange the order anyway you like, your task is to come up with something easy for students to remember
- whichever class, or group comes up with the best acronym, wins a "food prize"

note: some students have been taught "PEST", which stands for political, economic, social and technological environment, but, in reality, the influences on business also include "competition" and "geography", which means PEST is inadequate cause when you are talking about the things you can control (4P's) and the things you can't control (the environments), PEST is not enough, you need 2 more (competition and geography)

2009 April
Some students impress me because they get into Law School, or MBA, or find a great job, other students impress me because they try very hard to learn, and show improvement when they were shy in the beginning.
Sky was in my "intro to business" class Jan-Apr 2009. In the beginning he was shy, but... once we got him talking about his job working at Cinnabon, he was a business genius and we were able to work that into many concepts of the course - in fact one class we had to stop early cause it was getting into too much distracting detail about how good the product tastes - anyhooo, Sky said because we talked about it so much, maybe he could bring some to the last class, I said sure, so he showed up the last class with 4 big boxes, + paper plates + napkins and forks - it was awesome - we all ate and spent only 5 min on the review.
Sky got A++++ and is now at Harvard ;-)

Bottom line is, I like learning about what my students do in "real life" and am always interested in incorporating
that into the classsroom, and this was a great opportunity. Basically, you should understand that learning about
business is not always in the classroom, sometimes if you pay attention to what is done in your part-time or full-time jobs,
you can pick up on ways that companies deal with the 4P's and 6E's in the real world.
WTGR - gotta go for a walk now..............

bsv

c
Quizzes and small Tests
Part 1
etiquette and manners
clip on YouTube
obviously not enough people have watched this so I will put it at the top of this page
www.youtube.com/watch?v=dBZlz6nh4Yc

nn

c
Quizzes and small Tests
Part 2
"being late", why it is not good and causes problems for you
clip on YouTube
www.youtube.com/watch?v=7c97cBuGxhI

CBC backgrounders - a good resource for BUS 106

course outline online http://www.senecac.on.ca/outlines/073/FOB/BUS106.HTM

Assignment 2008

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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