This website uses cookies to ensure you have the best experience. Learn more

Intro To Business Essay

551 words - 3 pages

Ch 1 Assign - Business Now: Change is the Only Constant
1. According to the text book there are four main factors that contribute to the rapid pace of change in business. Natural Resources is anything that offers an output in its natural state. For example land, water, wind, and mineral deposits. Capital is synthetic resources such as buildings, machines, and technology. Human Resources is the people working in the economy. Entrepreneurship are the people who take the risk of launching and operating their own business. The rapid pace of change in business will continue to accelerate. With all of the factors that contribute increasing business has no other choice than to change.

2. Business is any organization that provides goods and services in an effort to earn a profit.


3.  Explain the ...view middle of the document...

  The following charts represent the projected percentage changes in specific race/ethnic origin and age groupings:
Race/Ethnic Origin 2008-2018 % Change
White -2.00%
Black +.60%
Asian +.90%
Hispanic +3.30%
Other +.50%
Age (years) 2008-2018 % Change
16-24 -1.60%
25-34 +.50%
35-44 -1.90%
45-54 -2.70%
55+ +5.80%

Discussion Points
A.  What factors contribute to these projected demographic changes in the workforce?
B.  The largest projected shift in the workforce based on age is the dramatic increase in the number of older workers as indicated in the 55+ age group.  In what ways might business managers and owners have to change their business focus as these older workers retire?
C.  How do the work skills of younger workers and their approaches to work differ from those of older workers?  How will these differences impact the ways business will be conducted in the future?        
Source:  Bureau of Labor Statistics, “Overview of the 2008-2018 Projections,” Occupational Outlook Handbook (2010-2011 Edition), [accessed June 20, 2011],
6.  Most successful businesses today actively develop loyal customers who buy their brands again and again. After all, getting current customers to buy more is much easier than constantly seeking new customers. Think of three brands that you buy on a regular basis. Why do you stick to these products? How could another company dislodge you? 
7.  As you read about the history of business, you will see that the changes through the years included social changes.  Looking back at the history of business, analyze the social changes that have had an impact on business. 
8.  You are now ready to upload your Word document to Assignments Chapter 1.
9.  Make sure you have read all the discussion posts and responded to at least 3.
10.  You are finished with the work for this week!

Other Papers Like Intro to Business

Intro Essay

4718 words - 19 pages Introduction The event was organised to discuss the Advisory Opinion of the International Court of Justice (ICJ) and its implications for international law, for Kosovo and for other situations. Participants included representatives of government, embassies, NGOs, academics, and practising lawyers. Opening remarks STEFAN TALMON This is likely to be the only Advisory Opinion known by at least three different names. The case was

Intro Essay

2500 words - 10 pages CHAPTER I INTRODUCTION Listening to the hum of a washing machine turning a dirty load of laundry into clean clothes, it's hard to believe a washing board was once considered a modern convenience. Washing machines have come a long way since their invention and some new, high-tech versions are changing the way people do laundry. As technology invaded the world of

Anatomy Intro

2542 words - 11 pages Shier, Butler, and Lewis: Human Anatomy and Physiology, 12th ed. Chapter 1: Introduction to Human Anatomy and Physiology Chapter 1: Introduction to Human Anatomy and Physiology I. Introduction A. The interests of our earliest ancestors most likely concerned injuries and illness because healthy bodies demand little attention from their owners. B. Primitive people certainly suffered from occasional aches and pains, injuries

Accounting Intro

1501 words - 7 pages management accounting and financial accounting as they are the decision-making pillars for organizations and firms. From the readings, I have noticed that, financial accounting associated with information that describe liabilities, equity and resources within any firm. The role of financial accounting information is to invest and raise the business' funds (Atrill & McLaney, 2014, PP.2; Atrill & McLaney, 2012).From the stakeholder diversity

Intro-- Bo

535 words - 3 pages university use English very often, even as often as their first language, Cantonese. And many kinds of Western food came in Hong Kong; some important traditional Western festival became people’s important festival too, like Christmas, Thanksgiving Day, Halloween, and so on. All of above, the modern Hong Kong is the result of the combination of Eastern and Western cultures. The next part, I want to talk about the business culture in Hong Kong

Intro Programing

810 words - 4 pages Five popular programming languages in the following decades: 1970s, 1980s, 1990s, and 2000s. 1970s * 1970 - Pascal: Developed by Niklaus Wirth. Efficient language intended to encourage good programming practices using structured programming and data structuring. * 1972 - C: Developed by Dennis Ritchie and Ken Thompson at Bell Labs. It was designed to be compiled using a relatively straightforward compiler, to provide low-level access

Intro to Human Brain

1201 words - 5 pages 020.312 | Term Paper 1. What idea are the authors testing? It has been previously shown that D2R (dopamine receptors) in the striatum have been decreased levels of expression in obese rats and humans. The researchers have hypothesized that obese subjects tend to compensate for the hyposensitivity in the reward circuit by increasing the intake of high-energy foods, which raises dopamine levels in the brain, and contributes largely to

Intro to Marketing

861 words - 4 pages Antonio area the décor should have the vacation island feel and vibe. All of the varying social groups can identify with a vacation and hopefully would want to have the experience without the expense of the actual vacation. Competition is a healthy component to business but to make sure that the business comes out on top you must have something positive that sets the establishment apart from the competition. Jamaican restaurants are normally

Intro To Computers

916 words - 4 pages Chapter 1 Introduction to Computers A World of Computers What is computer literacy? * Knowledge and understanding of computers and their uses * Computers are everywhere What Is a Computer? How is a computer defined? Electronic device operating under the control of instructions stored in its own memory * Accepts data Raw facts, figures, and symbols * Processes data into information Data that is organized, meaningful

Intro to Communication Worksheet

1271 words - 6 pages Introduction to Communication Worksheet Paragraph Questions Answer the following questions in your own words. Each response must be written as an academic paragraph of at least 150 words. Be clear and concise, and provide explanations for your answers. Format your sources consistent with APA guidelines. 1. According to Introducing Communication Theory (2010), what is the definition of communication? What does communication mean to you

Intro to Psychology

876 words - 4 pages Introduction to Psychology Chapter 1 The Origins of Psychology A. What is Psychology? * Psychology is the science of human and animal behavior; the study of the organism in all of its variety and complexity as it response to the flux and flow of the physical and social events that make up the environment. * Psychology is more than common sense * Why is psychology scientific? * Because it is based on empiricism

Related Essays

Intro To Business Essay

1110 words - 5 pages Economic Systems, Socialism, and Supply & Demand Patrick Domench Intro to Business and Technology Professor Armes DeVry University September 7, 2014 The best system to handle a disaster of epic proportions is Capitalism. We live in a Capitalist system now and we have been through many natural disasters that have rocked our communities and we have always pulled together and gotten through everyone so far. We have even been attacked in

Intro To Business (Retestch1 6) Essay

3541 words - 15 pages Intro to business 10/16/2008 Retest Take-home exam Chapter 1,2,3,4,5 22. A. This is preferred answer because chief information officer (CIO) is responsible for getting workers and managers the information they need to be world-class competitors. Because improved hardware and software keep computers running more smoothly than in the past, the average chief information officer (CIO) can spend less time worrying about keeping the systems

Intro To Business Essay

1765 words - 8 pages Internation Business Management · challanging because basic management tasks- planning, organizing, directing, and controlling- are much more difficult when a firm operates in markets scattered around the globe · 3 basic dicisions a company must make when considering globalization · whether to go internation at all · levels of international involvement · international organization structures Going International Gauging

Intro To Business Management Essay

817 words - 4 pages session or meeting. Fancied conclusions, objectives, goals or yields are particular proclamations recognizing what is to be finished amid the time used in the session. As it were, when individuals leave the session they will comprehend what was finished and what was most certainly not. 1 c. Assign the roles of facilitator, scribe, and timekeeper. In this respect, the scribe and the timekeeper additionally go about as backing for the facilitator