Description
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- Title Page
- Copyright Page
- Dedication
- Brief Contents
- Contents
- About the authors
- Acknowledgments
- Reviewers
- New to the Fifth Edition
- Letter from the Authors
- Prologue
- Part 1 Looking at the Business Environment
- Chapter 1 Business Basics
- the Business Landscape
- Business Defined
- the Factors of Production
- the List: Names To Know In Business
- Common Business Challenges and Opportunities
- Competition
- On Target:nantucket Nectars: Tom and Tom’s Partnership
- Bizchat: Apple: Taking a Bite Out of Microsoft
- Social Environment
- Globalization
- Technological Changes
- Types of Businesses
- Local and Regional Businesses
- National Businesses
- Multinational (international) Businesses
- Taking Business Personally
- Life Skills For Business
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Chapter 2 Economics and Banking
- The Basics of Economics
- Economics Defined
- Economic Systems
- Planned Economic Systems
- Market Economies
- Mixed Economies
- Business and Economics
- Determining Price: Supply and Demand
- Supply
- Demand
- Factors That Determine Price
- Factors That Affect Demand
- Factors That Shift Supply
- Degrees of Competition
- Monopolies
- On Target:keurig’s Monopoly
- Duopolies and Oligopolies
- Monopolistic Competition
- Perfect Competition
- Bizchat: Is Sirius Xm Radio A Monopoly
- Economic Indicators
- Gross Domestic Product
- The List: Countries By Gdp, 2012
- Consumer and Producer Price Indices
- The Unemployment Rate
- Bizchat: How Much Money Do You Need To Get By
- Productivity of Firms
- Economic Policies
- Government and the Economy
- Fiscal Policy
- Monetary Policy
- Off the Mark:the Dodd-frank Act and the Consumer Financial Production Bureau
- Reserve Requirements
- Short-term Interest Rates
- Open Market Operations
- Summary
- Key Terms
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Chapter 3 Ethics In Business
- Ethics: The Basics
- Ethics Defined
- Systems of Ethical Conduct
- Personal Ethics
- Bizchat: Can Living Ethically Make You Happy
- Personal Ethics Meets Business Ethics
- You As A Person and As An Employee
- Identifying A Company’s Ethics
- Corporate Social Responsibility
- The Five Pillars of Corporate Social Responsibility
- Off the Mark:cheating Pays Off….until It Doesn’t
- The Conflict of Csr in the Business Environment
- The Benefits of Csr
- Measuring Csr
- Bizchat: Corporations as People
- Csr and Social Networking
- The Challenges of Csr
- The Effects of Csr on Society
- The Effects of Individuals On Csr
- Dangers of a Weak Ethical Focus
- Legal Regulations and Legal Compliance
- Recovering from Weak Ethical Conduct
- Business Opportunities Created by Ethical Needs
- Creating New Markets With an Ethical Focus
- Businesses Going Green
- How Businesses Develop an Ethical Environment
- Ethical Focus From the Start
- Ethical Focus Every Day
- On Target:playing the Ethics Game
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Chapter 4 Business In A Global Economy
- What Is Globalization?
- THE LIST: Powerful People to Know
- The Effects of Globalization
- Reasons for the Rise in Globalization
- Global Business Trends
- THE LIST: Countries in Which it is Easy to Start a Business
- International Trade
- Tnternational Competition
- Fostering Competitiveness
- The Benefits and Costs of International Trade
- Free Trade and Protectionism
- Types of Trade Barriers
- Trade Barriers: Winners and Losers
- International Organizations Promoting Free Trade
- Regional Free Trade Agreements
- Conducting Business Internationally
- International Business Strategies
- Entering Foreign Markets
- The Advantages and Disadvantages of Each Entry Mode
- International Business: Economic Factors and Challenges
- The Role of Exchange Rates
- THE LIST: top u.s. trading partners
- Other Economic Challenges to Conducting International Business
- BizChat: Which is Better—a Strong Dollar or a Weak Dollar
- Creating Successful International Businesses
- Sociocultural Challenges
- Off the Mark:international Business Blunders
- Political Challenges
- Legal Challenges
- Ethical Challenges
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Mini Chapter
- Business Law
- Part 2 Starting and Structuring a Business
- Chapter 5 Small Business and theEntrepreneu
- Small Business: the Mainstream of the American Economy
- Small Business and the Economy
- THE LIST: Ten Great Industries for Starting a Business
- Small Business and the Workforce
- Reasons For Starting A Small Business
- BizChat: What’s in a Name
- The Impact of Technology On Small Businesses
- Social Media and Mobile Marketing
- OFF THE MARK: iSmell
- Entrepreneurs and the American Dream
- The Traits of Successful Entrepreneurs
- Types of Entrepreneurs
- On Target:Origami Owl
- Entrepreneurial Teams
- Buying Franchises and Existing Businesses
- Franchising Basics
- Pros and Cons of Franchising
- Franchising Considerations
- Buying an Existing Business
- The Risks of Small Businesses and Where to Get Help
- Why So Many Small Businesses Fail
- Financing Considerations
- Cash and Credit
- Small Business Loans and Grants
- Angel and Venture Capital Financing
- BizChat: Conducting a SWOT Analysis
- Getting Help
- Summary
- Key terms
- Self test
- Team Time
- Ethics and corporate Social responsibility
- Web Exercises
- References
- Chapter 6 Forms of Business Ownership
- Sole Proprietorships
- Starting a Sole Proprietorship
- Advantages and Disadvantages
- Partnerships
- Advantages and Disadvantages of Partnerships
- Elements of A Partnership Agreement
- Types of Partnerships
- BizChat: How Do You Find the Right Business Partner
- Corporations
- Advantages of Incorporation
- Structure of a Corporation
- Disadvantages of Incorporation
- S Corporations
- Limited Liability Companies
- Comparing Forms of Ownership
- Not-for-profit and Cooperatives
- Not-for-profit Organizations
- THE LIST: Largest not-for-Profit Organizations
- Cooperatives
- Mergers and Acquisitions
- Mergers Versus Acquisitions
- Advantages of Mergers and Acquisitions
- Off the Mark:AOL–Time Warner Merger
- Types of Mergers
- Disadvantages of Mergers
- Summary
- Key Terms
- Self-test
- Team Time
- Web Exercises
- Ethics and Corporate Social Responsibility
- References
- Mini Chapter
- Constructing an Effective Business Plan
- Part 3 Managing a Business and Employees
- Chapter 7 Business Management and Organization
- The Foundations of Management
- Business Management
- Levels of Management
- Off the Mark:How Are Managers Responsible for Employee Behavior
- The Skills of Successful Managers
- BizChat: Social Media: How Do Web-Based Tools Make Time Management Easier
- The Functions of Management:planning
- Strategic Planning
- Vision and Mission Statement
- SWOT Analysis
- Tactical and Operational Planning
- Contingency Planning
- The Functions of Management: Organizing
- Organizational Structures
- Changing Structures
- THE LIST: Bits of advice for managers
- Alternative Organizational Structures
- The Functions of Management: Controlling
- Controlling to Stay on Course
- Control Strategies
- On Target:Pest Control Company Controls Its Fleet
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Chapter 8 Motivation, Leadership, and Teamwork
- Motivation
- Personal Motivation
- Motivating Employees
- Traditional Theories of Motivation
- Motivational Theories in the Modern Workplace
- Evolution of Motivational Theories
- Leadership
- Traits of Leadership
- Off the Mark:Masataka Shimizu
- Leadership and Corporate Culture
- BizChat: Do You Have to Be Tall to Be a Leader
- On Target:Masataka Shimizu
- Teamwork
- THE LIST: does your team function Like google teams
- On Target:Red Teamers in the Military
- The Advantages of Teams in the Workplace
- The Challenges of Teams in the Workplace
- Best Practices For Teams
- Your Role On A Team
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- References
- Web Exercises
- Chapter 9 Human Resource Management
- Human Resource Management
- Managing Staffing Needs
- BizChat: Social Media and Privacy
- Hiring
- Training and Evaluating Employees
- Training Methods and Requirements
- Performance Appraisals and Alternatives
- Compensating, Scheduling, Promoting, and Terminating Employees
- Compensation Strategies
- Benefits
- Alternative Scheduling and Work Arrangements
- Contingent Workers
- Promotions
- THE LIST: Top 10 Ways to Get Promoted
- Terminating Employees
- Retirement
- Managing Workplace Diversity
- Benefits and Challenges of Diversity
- OFF THE MARK: One Diversity Training Does Not Fit All
- Labor and Union Issues
- Organized Labor
- Collective Bargaining
- The State of Labor Unions
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Chapter 10 Online Business and Technology
- Online Business
- Marketing Online
- THE LIST: Brought to you by Paypal 316
- Types of Online Business Transactions
- Challenges of E-commerce
- Technology In Business
- The Information Technology Organization
- Information Systems
- Security
- Threats to Online Business
- BizChat: How a Simple Mistake Can Lead to a Major Data Breach
- Off the Mark:Spying Scandal at Hewlett-Packard
- Privacy
- Impact of Social Media and Mobile Technology
- Social Networking
- Off the Mark:Tasteless Tweet
- Mobile Devices
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Chapter 11 Production, Operations, and Supply Chain Management
- The Production of Goods and Services
- The Importance of Production
- Moving To A Service-based Economy
- the Global Production Landscape
- Production Management
- the Make-or-buy Decision
- Common Production Processes and Techniques
- Social Media and Manufacturing
- Operations Planning and Management
- Capacity Planning
- Facility Location
- Facility Layout
- Production Technology
- Off the Mark:Technology: Too Much of a Good Thing
- BizChat: 3D Printing: An Industrial Revolution
- Operations Control
- Production Process Control
- Purchasing and Inventory Control
- Quality Management
- On Target:The Baldrige Awards
- Suppliers and Supply Chain Management
- Supply Chains
- THE LIST: top u.s. firms in terms of their supply Chains and management
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Team Time
- Web Exercises
- References
- Mini Chapter
- Business Communications
- Part 4 Principles of Marketing
- Chapter 12 Marketing and Consumer Behavior
- Marketing Fundamentals
- The Evolution of Marketing
- Marketing For Not-for-profits and Others
- Benefits of Marketing
- THE LIST: Ten Great Marketing S trategies
- Criticisms of Marketing
- Marketing Tactics
- Marketing Strategy: the Four Ps of Marketing
- The Four Cs of Marketing: Marketing From the Consumer’s Perspective
- The Marketing Process
- The Marketing Environment
- The Competitive Environment
- The Economic Environment
- The Technological Environment
- On Target:Viral Marketing
- The Social and Cultural Environment
- The Political, Legal, and Regulatory Environments
- The Global Environment
- Off the Mark:The Hard Lessons of Social Media
- Marketing Research and Planning
- The Market Research Process
- the Marketing Plan
- Target Markets
- Consumer Behavior
- B2c Markets
- B2b Markets
- BizChat: Augmented Reality: A Passing Phase or the Future
- Summary
- References
- Web Exercises
- Ethics and Corporate Social Responsibility
- Team Time
- Self Test
- Key Terms
- Chapter 13 Product Development, Branding, and Pricing Strategies
- New Product Development
- The New Product Development Process
- The Product Life Cycle
- Modifying Existing Products and Product Lines
- The Total Product Offer
- Product Differentiation
- Product Lines and the Product Mix
- Consumer Products and Business-to-Business Products
- Consumer Product Classifications
- B2b Classifications
- Branding
- Branding Benefits
- On Target:Nike’s Reuse-A-Shoe
- Brand Loyalty and Brand Equity
- Branding Strategies
- THE LIST: Retailers and their Private-Brand Labels
- Packaging
- BizChat: Brand You: Creating a Personal Brand
- Off the Mark:genericized Trademarks
- The Importance of Labels
- Pricing Goods and Services
- Product Pricing and Pricing Objectives
- Pricing Strategies and Price Perceptions
- Adjusting Prices
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Chapter 14 Promotion and Distribution
- Promotion and the Promotional Mix
- Promotion
- Advertising and Public Relations
- The Role of Advertising
- Types of Advertising
- Advertising Media
- On Target:Dove’s Real Beauty
- Internet Advertising
- Social Media
- Mobile Marketing
- Product Placement
- THE LIST: Interesting Mobile Marketing F acts
- Infomercials
- Global Advertisements
- Public Relations
- BizChat: Negative Political Ads: Do They Really Work
- Off the Mark:Volkswagen’s Deceptions—A Public Relations Problem
- Personal Selling and Sales Promotion
- Personal Selling
- Sales Promotions
- Social Media Promotions
- Distribution: Marketing Intermediaries
- Distribution Channels and Marketing Intermediaries
- Wholesalers, Agents, and Brokers
- Retailers
- Distribution Logistics
- The Benefits and Costs of Transportation Modes
- Warehousing and Inventory Control
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Mini Chapter
- Finding a Job
- Part 5 Principles of Finance
- Chapter 15 Financing and Accounting For Business Operations
- Financial Management
- The Financial Manager
- Planning For A Firm’s Financial Needs
- Addressing Cash Flow and the Budget
- Financing Small Business Activities
- Short-term Financing Options
- Short-term Loans and Grants
- Social Funding
- THE LIST: Interesting Crowdfunding Campaigns
- Financing Big Business Activities: Debt and Equity
- Short-term Financing Options
- Long-term Financing Options
- Financing With Bonds
- Financing With Equity
- On Target:Using Social Networks to Raise Venture Capital
- Accounting Functions
- Accounting Fundamentals
- Types of Accounting
- Off the Mark:How’s this for an Accounting Goof?
- Accounting Standards and Processes
- BizChat: The Cost and Benefit of the Sarbanes- Oxley Act
- Financial Statements
- The Balance Sheet
- Assets
- Liabilities
- Owners’ Equity
- Analyzing A Balance Sheet
- Balance Sheet Ratios
- Income Statements
- Revenue
- Cost of Goods Sold
- Operating Expenses
- Analyzing Income Statements
- Income Statement Ratios
- Statement of Cash Flows
- Components of A Statement of Cash Flows
- Analyzing A Statement of Cash Flows
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises Team Time
- References
- Chapter 16 Investment Opportunities In the Securities Market
- Investment Fundamentals
- The Risks and Rewards of Saving and Investing
- Investment Risk
- BizChat: I Cannot Lose Money by Saving, Right
- THE LIST: Personal Finance Blogs Worth R eading
- Investing In Stocks
- Primary and Secondary Security Markets
- On Target:Berkshire Hathaway: the Highest- Priced Stock
- Types of Stocks
- Changing Stock Prices
- Off the Mark:The Madoff Ponzi Scheme
- Investing In Bonds
- Bond Basics
- BizChat: Downgrade of the U.S. Debt
- Mutual Funds and Other Opportunities
- Mutual Funds
- Risk-and-return Relationships of Different Types of Mutual Funds
- Other Investment Opportunities
- Summary
- Key Terms
- Self Test
- Team Time
- Ethics and Corporate Social Responsibility
- Web Exercises
- References
- Mini Chapter
- Personal Finance
- Appendix
- Glossary
- Index
- Answer Key
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