Business Management/Entrepreneurship

Transcription

1 Title Business Management/Entrepreneurship Type Consensus Document Map Authors Elizabeth Berger, Joanne Haines Subject Business Course Business Management/Entrepreneurship Grade(s) 10, 11, 12 Location Roxbury High School Curriculum Writing History -Curriculum re-write as of July 2013: Business Principles and Management, 11th edition, 2004, ISBN Notes Attachments Page: 1 of 23

2 September/Week 1 - September/Week 3 September October November December January February March April May June The World of Business September/Week 4 - October/Week 5 Forms of Business Ownership October/Week 6 - October/Week 7 General Management October/Week 8 - November/Week 9 Information Technology November/Week 10 - November/Week 12 Financial Management December/Week 13 - December/Week 15 Production and Marketing Management December/Week 16 - January/Week 17 Human Resources January/Week 18 - January/Week 20 Building a Business Plan Page: 2 of 23

3 Duration: September/Week 1 - September/Week 3 UNIT NAME: The World of Business Enduring Understandings Essential Questions Knowledge Skills Standards Students will understand the basic characteristics and current issues of business. Students will understand the nuances of entrepreneurship and its importance to the global economy. How does small business affect the global economy? How are businesses responsible for the environment and society as a whole? What economic and international principles affect the business environment? How does international trade contribute to the business environment? Analyze business principles and categories of business. Analyze how businesses are socially responsible. Predict how changes in society and business will affect future employment. Discuss economic and political systems. Understand the basic elements of capitalism Understand the basic economic problems of a nation. Describe how international business and investments affect nations the growth of nations. Analyze factors to consider when exploring a career in international business. Diagram different types of business organizations and authentic examples of each type. Research the development of the labor market. Investigate ways that businesses are responsible for the environment. Imagine future employment needs based on the predicted changes in the world. Summarize the fundamental elements of capitalism. Create a chart comparing economic and political systems. List ways government can correct economic problems in a nation. Explore the relationships of nations for economic gain. Research opportunities and requirements for careers in international business st-Century Life & Career Skills: All students will demonstrate the creative, critical thinking, collaboration, and problem-solving skills needed to function successfully as both global citizens and workers in diverse ethnic and organizational cultures. (09-12) [State:New A-Critical Thinking and Problem Solving (09-12) [State:New B.1-Present resources and data in a format that effectively communicates the meaning of the data and its implications for solving problems, using multiple perspectives. (09-12)[State:New B.2-Create and respond to a feedback loop when problem solving. (09-12) [State:New C.2-Analyze the common traits of effective state, national, or international leaders. (09-12) [State:New C.3-Explain why some current and/or past world leaders have had a greater impact on people and society than others, regardless of their countries of origin. (09-12) [State:New C.5-Assume a leadership position by guiding the thinking Page: 3 of 23

4 of peers in a direction that leads to successful completion of a challenging task or project. (09-12)[State:New A.2-Identify a career goal and develop a plan and timetable for achieving it, including educational/training requirements, costs, and possible debt. (09-12) [State:New A.3-Analyze how the economic, social, and political conditions of a time period can affect starting a business and can affect a plan for establishing such an enterprise. (09-12) [State:New A.4-Summarize the financial risks and benefits of entrepreneurship as a career choice. (09-12)[State:New A.5-Evaluate current advances in technology that apply to a selected occupational career cluster. (09-12) [State:New F.3-Assess the impact of emerging global economic events on financial planning. (09-12)[State:New C.11-Evaluate the responsibilities of employers and employees for maintaining workplace safety, and explain health rights related to a particular occupation/career. (09-12)[State:New C.14-Interpret and justify written employer organizational policies and procedures for job Page: 4 of 23

5 Plans: performance. (09-12)[State:New C.16-Determine the consequences of quality control failures in the United States and in another country based on issues reported in the media. (09-12)[State:New C.19-Compare and contrast employee substance abuse policies (e.g., tobacco, drugs, and alcohol) by industry sector. (09-12)[State:New Page: 5 of 23

6 Duration: September/Week 4 - October/Week 5 UNIT NAME: Forms of Business Ownership Enduring Understandings Essential Questions Knowledge Skills Standards Students will understand the legal forms of ownership for businesses. Students will understand the trends in US small businesses today. What are the legal forms of business ownership? How do the various forms of business ownership vary for small businesses? What are the current trends for building a small business? Identify the various forms of business ownership highlighting those that apply to small businesses. Contrast and compare the various forms of small business ownership. Analyze current trends for starting small businesses. Identify how current trends provide legal benefits to small businesses. Define various types of business organizations. Create a table displaying the advantages and disadvantages of various legal types of small business ownership. Compare and contrast a sample partnership agreement with a corporate charter. Analyze recent startup businesses to assess their legal structures. Highlight how recent trends in startups provide legal benefits to individual small businesses B.1-Present resources and data in a format that effectively communicates the meaning of the data and its implications for solving problems, using multiple perspectives. (09-12)[State:New B.2-Create and respond to a feedback loop when problem solving. (09-12) [State:New C.2-Analyze the common traits of effective state, national, or international leaders. (09-12) [State:New C.5-Assume a leadership position by guiding the thinking of peers in a direction that leads to successful completion of a challenging task or project. (09-12)[State:New F.1-Explain the impact of current and emerging technological advances on the demand for increased and new types of accountability and productivity in the global workplace. (09-12)[State:New F.5-Formulate an opinion regarding a current workplace or societal/ethical issue based on research. (09-12)[State:New A.1-Analyze the relationship between various careers and personal earning Page: 6 of 23

7 goals. (09-12)[State:New A.2-Identify a career goal and develop a plan and timetable for achieving it, including educational/training requirements, costs, and possible debt. (09-12) [State:New A.3-Analyze how the economic, social, and political conditions of a time period can affect starting a business and can affect a plan for establishing such an enterprise. (09-12) [State:New A.4-Summarize the financial risks and benefits of entrepreneurship as a career choice. (09-12)[State:New D.9-Assess the role of revenue-generating assets as mechanisms for accruing and managing wealth. (09-12) [State:New F.8-Evaluate the effects of entrepreneurship on economic stability and quality of living in local and global communities. (09-12)[State:New F.9-Assess the impact of the global economy on entrepreneurial opportunities. (09-12)[State:New G.1-Analyze risks and benefits in various financial situations. (09-12)[State:New C.3-Develop personal interests and activities that support declared career goals Page: 7 of 23

8 Plans: and plans. (09-12)[State:New C.4-Use online resources to examine licensing, certification, and credentialing requirements at the local, state, and national levels to maintain compliance with industry requirements in areas of career interest. (09-12)[State:New C.8-Interpret how changing economic and societal needs influence employment trends and future education. (09-12)[State:New C.9-Investigate career opportunities in the United States or abroad that involve working with people from diverse cultures and that require knowledge of other languages or cultures. (09-12)[State:New C.10-Differentiate entrepreneurship opportunities as options for career planning, and identify the knowledge, skills, abilities, and resources required for owning a business. (09-12)[State:New C.20-Analyze employment trends by industry sector to determine how employment and training requirements change over time. (09-12)[State:New Page: 8 of 23

9 Duration: October/Week 6 - October/Week 7 UNIT NAME: General Management Enduring Understandings Essential Questions Knowledge Skills Standards Students will understand the fundamental responsibilities of management. Students will understand how management styles play an important role in running small businesses. What does managing a small business entail and why are set procedures and processes necessary to manage a small business? What are the various management styles that relate to a small business? What are the planning and organizing functions of management? What are the implementing and controlling functions of management? Examine the rudimentary objectives of a manager in a small business. List the type of procedures and processes that small business managers may require. Discuss various management styles and which are best for various small businesses. Explain how planning and organizing are critical to a manager of a small business. Determine how implementation and control play an important role in the management of a small business. Discuss relevant procedures and processes that small businesses may use for a selected type of small business. Develop management procedures for a selected small business. View sample management processes that small businesses may utilize. Create a table illustrating various management styles identifying sample small businesses that apply. Identify the steps required to planning and organizing a small business. Perform a sample SWOT analysis directed toward the goals and objectives of a selected small business. Discuss the significance of communication on implementation plans. Establish measurable standards for a selected small business' goals. 9.1.A.1-Re-evaluate personal interests, abilities, and skills through various measures including self assessments. (09-12)[State:New 9.1.A.2-Evaluate academic and career skills needed in various career clusters. (09-12) [State:New 9.1.A.3-Analyze factors that can impact an individual s career. (09-12)[State:New 9.1.A.5-Research current advances in technology that apply to a selected occupational career cluster. (09-12) [State:New 9.1.B.2-Communicate and comprehend written and verbal thoughts, ideas, directions, and information relative to educational and occupational settings. (09-12)[State:New 9.2.A.2-Describe and apply constructive responses to criticism. (09-12)[State:New 9.2.A.3-Apply the use of symbols, pictures, graphs, objects, and other visual information to a selected project in academic and/or occupational settings. (09-12)[State:New 9.2.B.2-Apply project planning and management skills in academic and/or occupational Page: 9 of 23

10 Plans: settings. (09-12)[State:New 9.1.C.1-Model interpersonal and effective conflict resolution skills. (09-12)[State:New 9.1.C.2-Communicate effectively in a variety of settings with a diverse group of people. (09-12)[State:New 9.1.D.1-Analyze how character influences work performance. (09-12)[State:New Page: 10 of 23

11 Duration: October/Week 8 - November/Week 9 UNIT NAME: Information Technology Enduring Understandings Essential Questions Knowledge Skills Standards Students will understand the importance of selected systems to a company. Students will understand the initial requirements for online systems. What are MIS systems and how are they used in a small business? How do small businesses utilize point of sale systems? How can small businesses benefit from web activities and e- commerce? Understand the basics of MIS systems how they are utilized in small businesses. Examine how businesses utilize point of sales systems. Determine the benefits derived from point of sales systems. Analyze how e-commerce may be used to benefit a small business. Develop sample businesses and list supporting systems. Define MIS systems. Apply MIS system knowledge to a selected business to list potential benefits. Identify point of sales systems. Create a flowchart to demonstrate the information transfer from a point of sales system in a small business. Discuss how small businesses benefit from point of sales systems versus manual cash registers. Locate samples of e-commerce systems from the internet for a selected business. Analyze the benefits of e- commerce systems for small businesses. Create a small business and list sample systems that define their use(s) and benefit to the small business A.2-Participate in online strategy and planning sessions for course-based, school-based, or outside projects. (09-12) [State:New A.4-Justify problemsolving strategies used in the development of a particular innovative product or practice in the United States and in another country. (09-12)[State:New B.1-Present resources and data in a format that effectively communicates the meaning of the data and its implications for solving problems, using multiple perspectives. (09-12)[State:New B.2-Create and respond to a feedback loop when problem solving. (09-12) [State:New C.5-Assume a leadership position by guiding the thinking of peers in a direction that leads to successful completion of a challenging task or project. (09-12)[State:New E.4-Predict the impact of emerging media technologies on international business and globalization. (09-12)[State:New F.1-Explain the impact of current and emerging technological advances on the Page: 11 of 23

12 demand for increased and new types of accountability and productivity in the global workplace. (09-12)[State:New F.3-Defend the need for intellectual property rights, workers rights, and workplace safety regulations in the United States and abroad. (09-12) [State:New F.4-Explain the impact of computer hacking on products and services. (09-12)[State:New E.4-Evaluate business practices and their impact on individuals, families, and societies. (09-12)[State:New G.1-Analyze risks and benefits in various financial situations. (09-12)[State:New A.1-Construct a spreadsheet, enter data, and use mathematical or logical functions to manipulate data, generate charts and graphs, and interpret the results. (09-12) [State:New F.2-Analyze the capabilities and limitations of current and emerging technology resources and assess their potential to address educational, career, personal, and social needs. (09-12) [State:New B.3-Analyze the full costs, benefits, trade-offs, and risks related to the use of Page: 12 of 23

13 Plans: technologies in a potential career path. (09-12)[State:New 9.1.A.2-Evaluate academic and career skills needed in various career clusters. (09-12) [State:New 9.1.B.3-Select and utilize appropriate technology in the design and implementation of teacher-approved projects relevant to occupations and/or higher educational settings. (09-12)[State:New 9.1.C.2-Communicate effectively in a variety of settings with a diverse group of people. (09-12)[State:New C.16.b-Predict the impact of technology on the global workforce and on entrepreneurship. (09-12) [State:New Page: 13 of 23

14 Duration: November/Week 10 - November/Week 12 UNIT NAME: Financial Management Enduring Understandings Essential Questions Knowledge Skills Standards Students will understand use of financial reports and their significance to small businesses. Students will understand the steps involved in creating a sample group of financial reports utilized in a small business. Why do entrepreneurs need financial reports? How are financial reports used in a small business? How are financial reports created for a small business? Describe the financial reports used to create and manage businesses. Analyze the use of financial reports and why they are important to small businesses. View various software packages that offer small businesses simple methods of balancing their books and managing their cash flows. Visit some small business sample financial reports. Discuss how small businesses utilize financial reports to finance a new business or venture. Identify which reports are most useful to small businesses for daily and periodic reporting. Practice creating small business reports in Excel. Browse the internet to shop for small business software packages. Discuss how software packages assist small businesses in balancing their books and managing cash flows. Create sample business reports through QuickBooks A.2-Participate in online strategy and planning sessions for course-based, school-based, or outside projects. (09-12) [State:New B.1-Present resources and data in a format that effectively communicates the meaning of the data and its implications for solving problems, using multiple perspectives. (09-12)[State:New B.2-Create and respond to a feedback loop when problem solving. (09-12) [State:New F.1-Explain the impact of current and emerging technological advances on the demand for increased and new types of accountability and productivity in the global workplace. (09-12)[State:New A.6-Analyze and critique various sources of income and available resources (e.g., financial assets, property, and transfer payments) and how they may substitute for earned income. (09-12)[State:New A.9-Demonstrate how exemptions and deductions can reduce taxable income. (09-12) [State:New A.12-Analyze the impact Page: 14 of 23

15 of the collective bargaining process on benefits, income, and fair labor practice. (09-12) [State:New B.1-Prioritize financial decisions by systematically considering alternatives and possible consequences. (09-12) [State:New B.6-Design and utilize a simulated budget to monitor progress of financial plans. (09-12)[State:New B.8-Describe and calculate interest and fees that are applied to various forms of spending, debt, and saving. (09-12)[State:New C.1-Compare and contrast the financial benefits of different products and services offered by a variety of financial institutions. (09-12)[State:New C.8-Evaluate the implications of personal and corporate bankruptcy for self and others. (09-12)[State:New D.2-Assess factors that influence financial planning. (09-12)[State:New D.3-Justify the use of savings and investment options to meet targeted goals. (09-12) [State:New E.2-Determine how objective, accurate, and current financial information affects the prioritization of financial decisions. (09-12)[State:New Page: 15 of 23

16 Plans: E.4-Evaluate business practices and their impact on individuals, families, and societies. (09-12)[State:New F.8-Evaluate the effects of entrepreneurship on economic stability and quality of living in local and global communities. (09-12)[State:New 9.2.A.3-Apply the use of symbols, pictures, graphs, objects, and other visual information to a selected project in academic and/or occupational settings. (09-12)[State:New 9.2.B.2-Apply project planning and management skills in academic and/or occupational settings. (09-12)[State:New 9.1.C.2-Communicate effectively in a variety of settings with a diverse group of people. (09-12)[State:New 9.1.E.4-Prepare and use skills for budget preparation, making predictions about income and expenditures, income tax preparation, and adjusting spending or expectations based on analysis. (09-12)[State:New Page: 16 of 23

17 Duration: December/Week 13 - December/Week 15 UNIT NAME: Production and Marketing Management Enduring Understandings Essential Questions Knowledge Skills Standards Students will understand how product planning and general marketing affect the viability of small business. What are the activities of product planning and production? How do service- businesses differ from manufacturing businesses? What marketing concepts help a business succeed? Analyze the stages of product planning and production. Evaluate facilities for the manufacturing process. Analyze service and manufacturing businesses. Understand the elements of marketing and the product life cycle. Analyze pricing and promotion decisions that affect products and services. Describe the stages of production planning. Critique sample facilities for a manufacturing process. Compare and contrast services versus manufacturing businesses. Evaluate successful marketing strategies based on the elements of marketing. Construct pricing and promotion plans to meet the objectives of the business st-Century Life & Career Skills: All students will demonstrate the creative, critical thinking, collaboration, and problem-solving skills needed to function successfully as both global citizens and workers in diverse ethnic and organizational cultures. (09-12) [State:New A.4-Justify problemsolving strategies used in the development of a particular innovative product or practice in the United States and in another country. (09-12)[State:New B.2-Create and respond to a feedback loop when problem solving. (09-12) [State:New E.1-Create messages for different purposes and audiences with sensitivity to cultural, gender, and age diversity, using various digital media outlets. (09-12) [State:New F.3-Defend the need for intellectual property rights, workers rights, and workplace safety regulations in the United States and abroad. (09-12) [State:New F.3-Defend the need for intellectual property rights, workers rights, and workplace safety regulations in the United Page: 17 of 23

18 Plans: States and abroad. (09-12) [State:New F.5-Formulate an opinion regarding a current workplace or societal/ethical issue based on research. (09-12)[State:New A.3-Analyze how the economic, social, and political conditions of a time period can affect starting a business and can affect a plan for establishing such an enterprise. (09-12) [State:New D.9-Assess the role of revenue-generating assets as mechanisms for accruing and managing wealth. (09-12) [State:New E.1-Analyze and apply multiple sources of financial information when prioritizing financial decisions. (09-12) [State:New Page: 18 of 23

19 Duration: December/Week 16 - January/Week 17 UNIT NAME: Human Resources Enduring Understandings Essential Questions Knowledge Skills Standards Students will understand how human resource planning affects small business practice. What is human resource planning and why is this essential to small businesses? What are the essentials to managing employees such that they provide fair work for fair pay? Explain the benefits of human resource planning for small businesses. Discuss how to plan for hiring, retaining, and terminating key employees. List benefits of human resource planning for a selected small business. Discuss potential employee benefits that attract employees to work in a small business. Analyze the processes and procedures that small businesses must have in place in order to keep employees motivated C.5-Assume a leadership position by guiding the thinking of peers in a direction that leads to successful completion of a challenging task or project. (09-12)[State:New F.3-Defend the need for intellectual property rights, workers rights, and workplace safety regulations in the United States and abroad. (09-12) [State:New F.5-Formulate an opinion regarding a current workplace or societal/ethical issue based on research. (09-12)[State:New A.1-Analyze the relationship between various careers and personal earning goals. (09-12)[State:New A.9-Demonstrate how exemptions and deductions can reduce taxable income. (09-12) [State:New A.11-Explain how compulsory government programs (e.g., Social Security, Medicare) provide insurance against some loss of income and benefits to eligible recipients. (09-12)[State:New A.12-Analyze the impact of the collective bargaining process on benefits, income, and fair labor practice. (09-12) [State:New Page: 19 of 23

20 C.1-Compare and contrast the financial benefits of different products and services offered by a variety of financial institutions. (09-12)[State:New E.4-Evaluate business practices and their impact on individuals, families, and societies. (09-12)[State:New G.7-Compare sources of health and disability coverage, including employee benefit plans, with options in another country. (09-12)[State:New C.11-Evaluate the responsibilities of employers and employees for maintaining workplace safety, and explain health rights related to a particular occupation/career. (09-12)[State:New C.14-Interpret and justify written employer organizational policies and procedures for job performance. (09-12)[State:New C.18-Determine how an individual s driving record (e.g., tickets, points, penalties for driving while intoxicated) and/or credit score may impact opportunities for employment, job retention, or job advancement. (09-12) [State:New C.19-Compare and contrast employee substance abuse policies (e.g., tobacco, drugs, and alcohol) by industry Page: 20 of 23

21 Plans: sector. (09-12)[State:New C.21-Determine the extent to which an individual s online behavior (e.g., social networking, photo exchanges, video postings) may impact opportunities for employment, job retention, or job advancement. (09-12) [State:New C.24-Analyze why employers use different interview techniques. (09-12) [State:New 9.2.B.2-Apply project planning and management skills in academic and/or occupational settings. (09-12)[State:New 9.1.D.3-Discuss consequences and sanctions when on-the-job rules and laws are not followed. (09-12)[State:New 9.1.D.5-Apply a professional code of ethics to a workplace problem or issue. (09-12) [State:New 9.1.F.3-Analyze the occurrence of workplace hazards. (09-12) [State:New 9.1.F.1-Engage in an informed discussion about rules and laws designed to promote safety and health. (09-12)[State:New Page: 21 of 23

22 Duration: January/Week 18 - January/Week 20 UNIT NAME: Building a Business Plan Enduring Understandings Essential Questions Knowledge Skills Standards Students will understand the necessity of business plans to a small business. Students will understand how to build a sample business plan for a selected small business. What are business plans and how does an entrepreneur use one? What factors must be considered to make an effective business plan? How does one build a business plan for a small business? Define what a business plan is and it principle uses. Discuss how business plans help small businesses to thrive. Identify the categories to consider to when building a business plan from both the point of view of the owner(s) and the investor(s). Analyze the parts of the business plan. Create a sample business plan as a capstone project for this course. Internet research on who builds business plans and why. List uses for a business plan for a group of selected small businesses. Table a list of benefits of business plans for a group of selected businesses. Apply the list of business benefits to a selected small business. Role play both the owner's and the investor's reasons to revisit his or her business plan. Browse sba.gov website and categorize the parts of business plan. Discuss the relevant sections of the sba website and how such may be used in the capstone project. Create a business plan for a newly formed small business st-Century Life & Career Skills: All students will demonstrate the creative, critical thinking, collaboration, and problem-solving skills needed to function successfully as both global citizens and workers in diverse ethnic and organizational cultures. (09-12) [State:New A.2-Participate in online strategy and planning sessions for course-based, school-based, or outside projects. (09-12) [State:New A.4-Justify problemsolving strategies used in the development of a particular innovative product or practice in the United States and in another country. (09-12)[State:New B.1-Present resources and data in a format that effectively communicates the meaning of the data and its implications for solving problems, using multiple perspectives. (09-12)[State:New B.2-Create and respond to a feedback loop when problem solving. (09-12) [State:New B.3-Assist in the development of innovative solutions to an onsite problem by incorporating multiple Page: 22 of 23

23 Plans: perspectives and applying effective problem-solving strategies during structured learning experiences, service learning, or volunteering. (09-12) [State:New A.3-Analyze how the economic, social, and political conditions of a time period can affect starting a business and can affect a plan for establishing such an enterprise. (09-12) [State:New A.4-Summarize the financial risks and benefits of entrepreneurship as a career choice. (09-12)[State:New 9.2.B.2-Apply project planning and management skills in academic and/or occupational settings. (09-12)[State:New 9.1.E.2-Design, implement, and critique a personal financial plan. (09-12)[State:New 9.1.E.4-Prepare and use skills for budget preparation, making predictions about income and expenditures, income tax preparation, and adjusting spending or expectations based on analysis. (09-12)[State:New Page: 23 of 23