August/September Time Frame: 3 Weeks Unit 1: Business & Its Environment I CAN demonstrate employability and social skills relative to the career cluster. I CAN understand the economic principles and concepts fundamental to business operations. I CAN compare and contrast various types of economic systems. I CAN explain & give examples of how numerous factors influence the supply & demand of products. I CAN compare and contract various forms of competition. Textbook: Unit 1: Chapters 1-3 Formative & 2005. AC.1 Utilize skills to determine best options/outcomes. 2005.OF.7 Recognize the impact of economics 2005.OF.10 Understand business supply and demand Why are service business growing faster than types of business in the United States? What are some reasons that quality increases when employees are empowered to make decisions about their work? What factors do you believe have contributed to the very large GDP of the United States compared to that of most countries Explain how a business can ensure that its code of ethics will be effective. Explain the three problems that can occur within an economy when the growth rate is too fast or too slow? Unit Learning Targets Activities & KOSSA Standards Essential Questions
September, October, November, December: Time Frame 11 weeks Unit 3: Management Responsibilities I CAN identify and explain basic functions of management, management styles, and criteria used in settings and achieving goals. I CAN discuss how global issues and international trade has and will affect management types, styles, and trends. I CAN utilize SWOT analysis when analyzing case studies and business plans. I CAN research and analyze career opportunities in management and demonstrate leadership characteristics. I CAN develop an employment portfolio and demonstrate leadership characteristics. Textbook: Unit 4: Chapters 11-14 Case Studies Group Work Oral Formative & 2005. AC.1 Utilize skills to determine best options/outcomes. 2005. EG.4 Locate and verify information. 2005. OB.2 Describe types of organizational structures and management levels. 2005. OB.3 Identify the factors that influence an organization’s structure. 2005. OB.4 Construct an organizational chart. 2005. OC.1 Discuss the importance of vision, mission, goals, and objectives within the context of the business environment. 2005. OC.2 Discuss characteristics of effective and ineffective leaders. 2005. OC.3 Differentiate between leading and managing. 2005. OC.4 Compare and contrast leadership styles. 2005. OC.5 Demonstrate an understanding of the four functions of management: How is a supervisor’s work different from the work of and executives? What can employees do both on and off the job to prepare themselves to be effective managers? If a school was facing a problem with students being tardy for classes, how could the school use one of the TQM tools to help solve that problem? What should managers ask what-if questions when developing plans? Which of the human relations skills do you believe are most important for a manager in working with employees? Justify your answer. As a supervisor, which leadership style would work best for you? How can a and meaningful vision and mission statement help increase employee motivation and enthusiasm for a business plan? How do you believe a manager should involve employees in planning for a change that will result in some of the employees losing their jobs? Do you believe managers should perform each of the management functions in Why or why not? Explain the meaning of the statement “Planning is usually not exact” as it applies to evaluating performance and standards.
February. March Time Frame: 5 weeks Unit 6: Financial Management I CAN analyze financial data influenced by internal and external factors in order to make short-term and long-term decisions. I CAN identify and explain the impact of financial risk to the success of a business. I CAN identify and compare sources of capital. I CAN prepare and analyze a business budget as it is used for a decision-making tool. I CAN discuss the importance of keeping accurate financial records. I CAN utilize SWOT analysis when analyzing case studies and business plans. Textbook: Unit 5: Chapters 15-18 Develop personal budget Formative & 2005.AD.3 Make reasonable estimates 2005.AD.5 Use deductive reasoning and in mathematics 2005.AE.2 Identify the components of a budget and how one is created 2005.AE.4 Use financial services effectively 2005.OA.2 Calculate, interpret, and evaluate data provided in order to estimate outcomes in preparing financial forecasts 2005.OA.5 Analyze financial data influenced by internal and external factors in to make short-term and decisions 2005.OA.6 Describe the purpose of financial statements 2005.OA.8 Develop and long-term financial needs of a business Describe the five types of records a business should maintain. Why is it important for a business to prepare a cash budget and a capital budget? Why is it important to study a company’s financial performance over a period of time and its financial condition on a specific date? How is equity capital obtained in each of the three types of business ownership? If you had a choice of becoming a preferred or common stockholder in a new small corporation, which would you choose? Explain your choice. Describe several low-risk and high-risk investment choices. If you had $10,000 to invest, what you consider the most important factors in choosing among the various investment instruments? What are the four C’s of credit? What do they determine? What types of business require malpractice insurance?