Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-21
PPT 1-27
Corruption Worldwide
(See complete PowerPoint slide notes on page 1.45.)
MAKING
ethical
decisions
(Text page 14)
PPT 1-28
Ethics Begins
with You
(See complete PowerPoint slide notes on page 1.45.)
critical thinking
exercise 1-3
MAKING ETHICAL DECISIONS
This exercise raises the question: What does the student do
when he or she comes to a Making Ethical Decisions box in the
text? (See complete exercise on page 1.69 of this manual.)
PPT 1-29
Benefits of Technology
(See complete PowerPoint slide notes on page 1.46.)
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
services using the least amount of re-
sources.
b. There are two types of e-commerce transac-
tions:
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-23
bonus case 1-2
NETWORKING OUTSIDE THE
NET
Though a lot of business networking is now done through so-
cial media, it’s no replacement for real human interaction. (See
the complete case, discussion questions, and suggested answers
beginning on page 1.72 of this manual.)
social
media in
business
(Text page 15)
PPT 1-30
JCPenney
Keeps in Touch
(See complete PowerPoint slide notes on page 1.46.)
lecture link 1-7
EDUCATION’S NEW
WHITEBOARD
Technology is also revolutionizing the educational sector.
(See the complete lecture link on page 1.59 in this manual.)
PPT 1-31
E-Commerce
(See complete PowerPoint slide notes on page 1.46.)
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
c. A DATABASE is an electronic storage file for
information; one use of databases is to store
vast amounts of information about consumers.
competitive prices.
1-25
PPT 1-32
Databases and Identify Theft
(See complete PowerPoint slide notes on page 1.47.)
PPT 1-33
Protect Yourself from Identity Theft
(See complete PowerPoint slide notes on page 1.47.)
lecture link 1-8
PREVENTING IDENTITY THEFT
How to reduce identity theft and what to do when it happens
(See the complete lecture link on page 1.60 in this manual.)
lecture link 1-9
MAGAZINES PLEAD PRINT’S
CASE
Few industries are feeling the sting of competition like print
media and they’re scrambling to find ways to adapt to a digital
world. (See the complete lecture link on page 1.62 in this manu-
al.)
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
3. COMPETING BY RESTRUCTURING AND EM-
POWERMENT
1. DEMOGRAPHY is the statistical study of the hu-
man population in regard to its size, density, and
and income.
2. MANAGING DIVERSITY
1-27
PPT 1-34
Using Empowerment to Compete in
Today’s Market
(See complete PowerPoint slide notes on page 1.48.)
PPT 1-35
Demography
(See complete PowerPoint slide notes on page 1.48.)
lecture link 1-10
THE LANGUAGE OF BUSINESS
More businesses are looking for bilingual employees. (See
the complete lecture link on page 1.63 of this manual.)
PPT 1-36
Demography of the U.S. by Age
(See complete PowerPoint slide notes on page 1.49.)
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
learning goal 7
F. THE GLOBAL ENVIRONMENT
1. Two important environmental changes in recent
years have been the GROWTH OF GLOBAL
COMPETITION and the INCREASE OF FREE
TRADE among nations.
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-29
PPT 1-37
Projected Demography of the U.S.
by Race in 2050
(See complete PowerPoint slide notes on page 1.49.)
PPT 1-38
The Rise of the U.S. Hispanic Pop-
ulation
(See complete PowerPoint slide notes on page 1.50.)
PPT 1-39
U.S. Population Changes
(See complete PowerPoint slide notes on page 1.50.)
PPT 1-40
Who Will Support Social Security?
(See complete PowerPoint slide notes on page 1.50.)
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-30
PPT 1-41
Worried about Social Security?
(See complete PowerPoint slide notes on page 1.51.)
PPT 1-42
Important Changes to the Global
Environment
(See complete PowerPoint slide notes on page 1.51.)
PPT 1-43
World’s Largest Cities Back in the
Day and Today
(See complete PowerPoint slide notes on page 1.51.)
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
2. WAR AND TERRORISM
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-32
PPT 1-44
Increasing Costs of the Global
Environment
(See complete PowerPoint slide notes on page 1.52.)
PPT 1-45
Global Greening
(See complete PowerPoint slide notes on page 1.52.)
thinking
green
(Text page 20)
PPT 1-46
Getting Involved
Personally
(See complete PowerPoint slide notes on page 1.52.)
lecture link 1-11
THE HIGH DEMAND FOR GREEN
DEGREES
As the job crunch was experienced by recent grads, students
still in school started enrolling in sustainability programs. (See
the complete lecture link on page 1.64 of this manual.)
progress
assessment
(Text page 19)
PPT 1-47
Progress Assessment
(See complete PowerPoint slide notes on page 1.53.)
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
B. PROGRESS IN THE AGRICULTURAL AND MAN-
UFACTURING INDUSTRIES
more productive and workers again losing their
jobs.
C. PROGRESS IN THE SERVICE INDUSTRIES
2. This information-based global revolution will alter
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-34
lecture link 1-12
MILESTONES IN BUSINESS
Some important dates in the history of business. (See the
complete lecture link on page 1.65 of this manual.)
PPT 1-48
The Evolution of Business
(See complete PowerPoint slide notes on page 1.53.)
PPT 1-49
The Agricultural Era
(See complete PowerPoint slide notes on page 1.54)
PPT 1-50
The Manufacturing Era
(See complete PowerPoint slide notes on page 1.54)
PPT 1-51
The Service Era
(See complete PowerPoint slide notes on page 1.54)
lecture link 1-13
EARNING AN HONEST
McPAYCHECK
While many food service businesses struggled during the re-
cent recession, McDonald’s flourished. (See the complete lec-
ture link on page 1.65 of this manual.)
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-35
PPT 1-52
The Information Technology Era
(See complete PowerPoint slide notes on page 1.55.)
TEXT FIGURE 1.4
What Is the Service Sector?
(Text page 22)
This text figure gives a representative list of services as
classified by the government.
progress
assessment
(Text page 22)
PPT 1-53
Progress Assessment
(See complete PowerPoint slide notes on page 1.55.)
V. SUMMARY
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-36
PowerPoint slide notes
PPT 1-1
Chapter Title
PPT 1-2
Monif Clarkes
PPT 1-3
Learning Goals
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
1-37
PPT 1-4
Learning Goals
PPT 1-5
Name That Company
Answer: Grameen Bank and Muhammad Yunus
PPT 1-6
Goods and Services
It is important to make sure that students understand the
difference between goods and services. Emphasize that
goods are tangible (can be held or touched) like Nike athlet-
ic shoes, while services are intangible (cannot be held in
your hand) like a haircut.
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
PPT 1-7
Business and Entrepreneurship
In the United States the entrepreneur is held in high regard.
Most students have heard of Sam Walton and Michael Dell,
but it often adds to the classroom experience if they under-
stand how these entrepreneurs started their businesses. Sam
Walton started Walmart with just one store in Arkansas in
the 1960s. Michael Dell got his start building computers in
his University of Texas dorm room, ultimately leading to
the creation of Dell, Inc.
PPT 1-8
Revenue, Profit, and Loss
About 80,000 businesses in the United States close each
year. Even more close during economic slowdowns like the
one that started in 2008.
PPT 1-9
Risk
Irish entrepreneur Denis O’Brien makes billions by selling
cell phones in the poorest and most violent countries in the
world. Big risk, big profit.
1-39
PPT 1-10
How Is Tax Money Used?
Entrepreneurs provide jobs for others and the taxes they
pay benefit the community.
PPT 1-11
Standard of Living
Workers in Japan may make more than Americans, but a
bottle of beer may cost $7 in Japan.
PPT 1-12
Quality of Life
The more money businesses create, the more is available to
improve the quality of life for all citizens.
Chapter 01 – Taking Risks and Making Profits within the Dynamic Business Environment
PPT 1-13
Stakeholders
PPT 1-14
Outsourcing and Insourcing
1. Outsourcing is the contracting with other companies
to do some of the firm’s functions. As the slide
states, these companies are often in other countries.
For example, Dell Computers and many other com-
panies outsource support services to call centers in
India and other Asian nations. This can be an emo-
tional issue and one that students often do not under-
stand. When discussing this topic with students, it is
important for students to understand that outsourcing
has occurred for years and does not always involve a
company from the United States locating jobs in an-
other country.
2. Once students understand outsourcing, the concept of
insourcing can be discussed. For example, Hyundai
operates plants in the United States. Its design and
engineering headquarters are in Detroit, and it pro-
duces cars in Montgomery, Alabama, all of which