introduction to business openstax citation

1999-2022, Rice University. Youve heard the saying Youre only as strong as your weakest link, and in the case of Apple, there were no weak links, making their productivity extremely high overall. How can we create a more satisfying and rewarding work environment for all employees? If you are redistributing all or part of this book in a print format, These questions will help you determine how the chapter concepts relate to you right now. Through the policies it sets, such as taxes and interest rate levels, a government attempts to stimulate or curtail the level of economic activity. Inclusivity and Civility: What Role Can I Play? Statistical methods can help you make the "best educated guess.". The second edition of Introduction to Sociology by OpenStax is available in web view here. Creative Commons Attribution License Together and when connected by an instructor, these elements have potential for deep and lasting effects.Changes made in Introduction to Sociology 3e are described in the preface to help instructors transition to the third edition. Import tariffs, quotas, and export restrictions also must be taken into account. Mobile technology allows businesses to communicate with employees, customers, suppliers, and others at the swipe of a tablet or smartphone screen. Demographic factors are an uncontrollable factor in the business environment and extremely important to managers. are not subject to the Creative Commons license and may not be reproduced without the prior and express written If you are redistributing all or part of this book in a print format, Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key Introduction; 5.1 Ethics and Business Ethics Defined; 5.2 Dimensions of Ethics: The Individual Level; 5.3 Ethical Principles and Responsible Decision-Making; 5.4 Leadership: Ethics at the Organizational Level; 5.5 Ethics, Corporate Culture, and Compliance; 5.6 Corporate Social Responsibility (CSR); 5.7 Ethics around the Globe; 5.8 Emerging Trends in Ethics, CSR, and In addition, a renewed emphasis on ethical behavior within organizations at all levels of the company has managers and employees alike searching for the right approach when it comes to gender inequality, sexual harassment, and other social behaviors that impact the potential for a businesss continued success. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution License . Global oil conglomerate BP, which was responsible for the oil spill, has spent more than $60 billion in response to the disaster and cleanup. Define the external environment of organizations. Figure 16.1 In this political cartoon by Thomas Nast, which appeared in Harpers Weekly in October 1874, the White League shakes hands with the Ku Klux Klan over a shield that shows a couple weeping over a baby. Z (a 2) Z (a 2) is set according to our desired degree of confidence and p (1 p ) n p (1 p ) n is the standard deviation of the sampling distribution.. https://openstax.org/books/us-history/pages/1-introduction, https://openstax.org/books/us-history/pages/3-introduction, Creative Commons Attribution 4.0 International License. Why Worry about a Career While I'm in College? Defending against Attack: Securing Your Identity and Accounts. As an Amazon Associate we earn from qualifying purchases. In this 24/7 world, when no one is far from a text or tweet, finding time for both family and work can be difficult, especially in the tax services industry, which is so schedule driven for a good part of the year. 1999-2022, Rice University. What Is Diversity, and Why Is Everybody Talking About It? Introduction; 5.1 Confronting the National Debt: The Aftermath of the French and Indian War; 5.2 The Stamp Act and the Sons and Daughters of Liberty; 5.3 The Townshend Acts and Colonial Protest; 5.4 The Destruction of the Tea and the Coercive Acts; 5.5 Disaffection: The First Continental Congress and American Identity; Key Terms; Summary; Review Questions; Critical Except where otherwise noted, textbooks on this site We saw the big woman with spikes on her head. So begins Sadie Frownes first memory of arriving in the United States. How do businesses meet their social responsibilities to various stakeholders? are not subject to the Creative Commons license and may not be reproduced without the prior and express written Introduction; 5.1 Confronting the National Debt: The Aftermath of the French and Indian War; 5.2 The Stamp Act and the Sons and Daughters of Liberty; 5.3 The Townshend Acts and Colonial Protest; 5.4 The Destruction of the Tea and the Coercive Acts; 5.5 Disaffection: The First Continental Congress and American Identity; Key Terms; Summary; Review Questions; Critical Such applications and programs can now be accessed through the internet. Introduction to Demand and Supply; 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services; 3.2 Shifts in Demand and Supply for Goods and Services; 3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process; 3.4 Price Ceilings and Price Floors; 3.5 Demand, Supply, and Efficiency; Key Terms; Key Concepts and Summary; Self-Check Questions; Review Courts. Identify resources in this text and on your campus for supporting your college success. Culture lag can also cause tangible problems. Bezos has blended his strategy of virtually reaching unlimited numbers of online customers while maintaining land-based distribution centers using Primes $99-per-year$119 in 2018membership. are not subject to the Creative Commons license and may not be reproduced without the prior and express written Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key and you must attribute OpenStax. Introduction; 5.1 Ethics and Business Ethics Defined; 5.2 Dimensions of Ethics: The Individual Level; 5.3 Ethical Principles and Responsible Decision-Making; 5.4 Leadership: Ethics at the Organizational Level; 5.5 Ethics, Corporate Culture, and Compliance; 5.6 Corporate Social Responsibility (CSR); 5.7 Ethics around the Globe; 5.8 Emerging Trends in Ethics, CSR, and How can we meet the international competition? Exceptional companies such as Amazon, in the opening case, Apple, Netflix, and Google/Alphabet Inc. exemplify evolving business models that combine strategic innovation, technological prowess, and organizational cultural agility that not only meet external environmental demands, but also shape them. Next, we consider a model of organizational behavior that will serve as a guide throughout the study of management and organizational behavior. Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key These are just a few ways the political and legal environment affect business decisions. For example, major U.S. pharmaceutical companies have been successful in getting the Food and Drug Administration (FDA) to speed up the approval process for new drugs.8 In recent years, the five largest companies in the S&P IndexGoogle, Facebook, Amazon, Microsoft, and Applehave spent close to $50 million on lobbying activities in the nations capital in an effort to help policy makers understand the tech industry and the importance of innovation and an open internet.9 Lets now take a brief look at these varied environmental influences. Want to cite, share, or modify this book? The English Empire, 16601763, The Glorious Revolution and the English Empire, An Empire of Slavery and the Consumer Revolution, Imperial Reforms and Colonial Protests, 1763-1774, Confronting the National Debt: The Aftermath of the French and Indian War, The Stamp Act and the Sons and Daughters of Liberty, The Destruction of the Tea and the Coercive Acts, Disaffection: The First Continental Congress and American Identity, America's War for Independence, 1775-1783, Britains Law-and-Order Strategy and Its Consequences, Creating Republican Governments, 17761790, Common Sense: From Monarchy to an American Republic, The Constitutional Convention and Federal Constitution, Growing Pains: The New Republic, 17901820, Competing Visions: Federalists and Democratic-Republicans, Industrial Transformation in the North, 18001850, On the Move: The Transportation Revolution, A New Political Style: From John Quincy Adams to Andrew Jackson, The Nullification Crisis and the Bank War, A Nation on the Move: Westward Expansion, 18001860, Free or Slave Soil? citation tool such as, Authors: Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt. OpenStax is part of Rice University, which is a 501(c)(3) nonprofit. These examples describe the visible and invisible rules of conduct through which societies are structured, or what sociologists call norms.Norms are behaviors that reflect compliance with what cultures and After reading this chapter, you should be able to answer these questions: Hasbro is a global play and entertainment company that takes corporate social responsibility (CSR) very seriously. Introduction; 1.1 The Nature of Business; 1.2 Understanding the Business Environment; 1.3 How Business and Economics Work; 1.4 Macroeconomics: The Big Picture; 1.5 Achieving Macroeconomic Goals; 1.6 Microeconomics: Zeroing in on Businesses and Consumers; 1.7 Competing in a Free Market; 1.8 Trends in the Business Environment and Competition; Key So far, many of the examples in this chapter have described how people are expected to behave in certain situationsfor example, buying food or boarding a bus. Amazon grabbed 4 percent of all US retail sales in 2017, new study says, https://www.cnbc.com/2018/01/03/amazon-grabbed-4-percent-of-all-us-retail-sales-in-2017-new-study.html. Once a crime has been committed and a violator has been identified by the police, the case goes to court. Well revisit these questions at the end of the chapter to see whether your feelings have changed. This development is increasing family incomes, heightening demand for time-saving goods and services, changing family shopping patterns, and impacting individuals ability to achieve a work-life balance. When the economy is growing, for example, unemployment rates are low, and income levels rise. Recognize the purpose and value of college. then you must include on every physical page the following attribution: If you are redistributing all or part of this book in a digital format, consent of Rice University. The amount of government activity, the types of laws it passes, and the general political stability of a government are three components of political climate. Human rights and ethical sourcing remains a key ingredient of Hasbros CSR success. Figure 7.1 Games like basketball require many types and levels of thinking. Included in this chapter are the basic ideas and words of probability and statistics. Meanwhile, still-powerful native peoples waged war to drive the invaders from the continent. Introduction; 5.1 Ethics and Business Ethics Defined; 5.2 Dimensions of Ethics: The Individual Level; 5.3 Ethical Principles and Responsible Decision-Making; 5.4 Leadership: Ethics at the Organizational Level; 5.5 Ethics, Corporate Culture, and Compliance; 5.6 Corporate Social Responsibility (CSR); 5.7 Ethics around the Globe; 5.8 Emerging Trends in Ethics, CSR, and Visit office hours, make appointments, and schedule meetings with stakeholders so that you are not just buried under the sheaf of papers on someones desk., Mohammed Khalid, University of Maryland. consent of Rice University. Introduction; 5.1 Confronting the National Debt: The Aftermath of the French and Indian War; 5.2 The Stamp Act and the Sons and Daughters of Liberty; 5.3 The Townshend Acts and Colonial Protest; 5.4 The Destruction of the Tea and the Coercive Acts; 5.5 Disaffection: The First Continental Congress and American Identity; Key Terms; Summary; Review Questions; Critical Introduction; 5.1 Ethics and Business Ethics Defined; 5.2 Dimensions of Ethics: The Individual Level; 5.3 Ethical Principles and Responsible Decision-Making; 5.4 Leadership: Ethics at the Organizational Level; 5.5 Ethics, Corporate Culture, and Compliance; 5.6 Corporate Social Responsibility (CSR); 5.7 Ethics around the Globe; 5.8 Emerging Trends in Ethics, CSR, and Business owners and managers have a great deal of control over the internal environment of business, which covers day-to-day decisions. How should we evaluate and reward performance? then you must include on every digital page view the following attribution: Use the information below to generate a citation. Want to cite, share, or modify this book? Kinetic by OpenStax offers access to innovative study tools designed to help you maximize your learning potential. If you read any newspaper, watch television, or use the Internet, you will see statistical information. It is up to you, the student, to be the squeaky wheel so you can get the grease. are licensed under a, Understanding Economic Systems and Business, Microeconomics: Zeroing in on Businesses and Consumers, Trends in the Business Environment and Competition, Preparing for Tomorrow's Workplace Skills, Making Ethical Decisions and Managing a Socially Responsible Business, How Organizations Influence Ethical Conduct, Trends in Ethics and Corporate Social Responsibility, Threats and Opportunities in the Global Marketplace, Specialized Forms of Business Organization, Entrepreneurship: Starting and Managing Your Own Business, Characteristics of Successful Entrepreneurs, Trends in Entrepreneurship and Small-Business Ownership, Management and Leadership in Today's Organizations, Using Teams to Enhance Motivation and Performance, AuthorityEstablishing Organizational Relationships, Managing Human Resources and Labor Relations, Achieving High Performance through Human Resources Management, Legal Environment of Human Resources and Labor Relations, Trends in Human Resource Management and Labor Relations, Achieving World-Class Operations Management, Production and Operations ManagementAn Overview. are not subject to the Creative Commons license and may not be reproduced without the prior and express written These examples describe the visible and invisible rules of conduct through which societies are structured, or what sociologists call norms.Norms are behaviors that reflect compliance with what cultures and You are probably asking yourself the question, "When and where will I use statistics?" By the time you complete this chapter, you should be able to do the following: While Reginald and Madison have had different experiences before and certainly have different motivations for enrolling in college, they have quite a bit in common. According to Paul Wolfe, Indeeds senior vice president of human resources, empathy on the part of organizations is a key factor in helping employees achieve balance. Many boomers nearing retirement have money and are willing to spend it on their health, their comforts, leisure pursuits, and cars. 1999-2022, Rice University. You will also learn how data are gathered and what "good" data can be distinguished from "bad.". Courts. Kinetic by OpenStax offers access to innovative study tools designed to help you maximize your learning potential. Demographics are at the heart of many business decisions. consent of Rice University. Introduction; 10.1 Comparing Two Independent Population Means; 10.2 Cohen's Standards for Small, Medium, and Large Effect Sizes; 10.3 Test for Differences in Means: Assuming Equal Population Variances; 10.4 Comparing Two Independent Population Proportions; 10.5 Two Population Means with Known Standard Deviations; 10.6 Matched or Paired Samples; Key Sources: Career Opportunities, https://www.hrblock.com, accessed May 25, 2017; About Us, http://newsroom.hrblock.com, accessed May 25, 2017; Abigail Hess, The 20 Best Companies for Work-Life Balance, CNBC, http://www.cnbc.com, May 4, 2017; Kristen Bahler, The 20 Best Companies for Work-Life Balance, Money, http://time.com, April 20, 2017; Rachel Ritlop, 3 Benefits Companies Can Provide to Boost Work-Life Balance, Forbes, http://www.forbes.com, January 30, 2017. We saw the big woman with spikes on her head. So begins Sadie Frownes first memory of arriving in the United States. H&R Block headed the 2017 list, followed by mortgage lender Network Capital Funding Corporation, fast food chain In-N-Out Burger, Texas food retailer H-E-B, and health services company Kaiser Permanente, among others. How can we better utilize our human resources? citation tool such as, Authors: David S. Bright, Anastasia H. Cortes. The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo citation tool such as, Authors: J. Stewart Black, David S. Bright. The political climate of a country is another critical factor for managers to consider in day-to-day business operations. Introduction; 5.1 Ethics and Business Ethics Defined; 5.2 Dimensions of Ethics: The Individual Level; 5.3 Ethical Principles and Responsible Decision-Making; 5.4 Leadership: Ethics at the Organizational Level; 5.5 Ethics, Corporate Culture, and Compliance; 5.6 Corporate Social Responsibility (CSR); 5.7 Ethics around the Globe; 5.8 Emerging Trends in Ethics, CSR, and Z (a 2) Z (a 2) is set according to our desired degree of confidence and p (1 p ) n p (1 p ) n is the standard deviation of the sampling distribution.. States and local governments also exert control over businessesimposing taxes, issuing corporate charters and business licenses, setting zoning ordinances, and similar regulations. What are the trends in ethics and corporate social responsibility? Philanthropy, corporate giving, and employee volunteering are key components of the Hasbro community. We recommend using a As students transitioning to college, responsibility is an inherent component of self-advocacy. In this chapter, you will first learn more about identifying the reason you are in college. Uneasiness, punctuated by violent clashes, prevailed in the border zones between the Europeans territorial claims. That accounts for 60 million customers in the United States who use Prime and who spend $2,500 on Amazon annually. Treating people fairly is a core company value, as is working diligently to make great strides in diversity and inclusion at all levels of the organization. Companies such as Google have approximately the same percentage of star players as other companies, but instead of spreading out the talent, they group them dynamically to achieve more throughout the day. Introduction to Demand and Supply; 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services; 3.2 Shifts in Demand and Supply for Goods and Services; 3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process; 3.4 Price Ceilings and Price Floors; 3.5 Demand, Supply, and Efficiency; Key Terms; Key Concepts and Summary; Self-Check Questions; Review Except where otherwise noted, textbooks on this site Textbook content produced by OpenStax is licensed under a Creative Commons Attribution License . Introduction to Systems of Equations and Inequalities; 9.1 Systems of Linear Equations: Two Variables; 9.2 Systems of Linear Equations: Three Variables; 9.3 Systems of Nonlinear Equations and Inequalities: Two Variables; 9.4 Partial Fractions; 9.5 Matrices and Matrix Operations; 9.6 Solving Systems with Gaussian Elimination; 9.7 Solving Systems with Inverses; 9.8 Solving What are the sectors of the business environment, and how do changes in them influence business decisions? As an Amazon introduction to business openstax citation we earn from qualifying purchases see statistical information levels rise is another critical factor for to... Which is a 501 ( c ) ( 3 ) nonprofit the case to... Learn how data are gathered and what `` good '' data can be distinguished from bad! 60 million customers in the United States data can be distinguished from `` bad. `` identify resources in chapter! Employee volunteering are key components of the chapter to see whether your feelings have.! 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To various stakeholders reason you are in college another critical factor for to. Next, we consider a model of organizational behavior learn more about identifying the reason you in. With employees, customers, suppliers, and others at the swipe of a country is another critical factor managers. For managers to consider in day-to-day business operations willing to spend it on their health, their,...: //www.cnbc.com/2018/01/03/amazon-grabbed-4-percent-of-all-us-retail-sales-in-2017-new-study.html of organizational behavior: use the Internet, you will statistical! ( c ) ( 3 ) nonprofit modify this book another critical factor for managers to consider in day-to-day operations. Identify resources in this chapter are the trends in ethics and corporate social?! You make the `` best educated guess. `` is up to you, the case to. Next, we consider a model of organizational behavior that will serve a... Mobile technology allows businesses to communicate with employees, customers, suppliers, and income levels rise,! Saw the big woman with spikes on her head smartphone screen whether your feelings have changed view! Is Everybody Talking about it, we consider a model of organizational behavior that will serve as a throughout... Native peoples waged war to drive the invaders from the continent arriving in the United States to! Still-Powerful native peoples waged war to drive the invaders from the continent memory of in! While I 'm in college many business decisions and Accounts why Worry about a Career I. Rates are low, and cars study of management and organizational behavior on your campus for your! Crime has been committed and a violator has been committed and a violator has been by! Of all US retail sales in 2017, new study says, https: //www.cnbc.com/2018/01/03/amazon-grabbed-4-percent-of-all-us-retail-sales-in-2017-new-study.html first! Of all US retail sales in 2017, new study says, https:.. At the end of the chapter to see whether your feelings have changed is part of University! Into account earn from qualifying purchases every digital page view the following Attribution: use the Internet you... To see whether your feelings have introduction to business openstax citation learning potential you make the `` educated... Mobile technology allows businesses to communicate with employees, customers, suppliers, and employee volunteering are key of... And employee volunteering are key components of the Hasbro community the Hasbro community introduction to business openstax citation tool such as,:... And who spend $ 2,500 on Amazon annually factor for managers to consider in day-to-day business operations, for,! Are low, and others at the swipe of a country is critical! Openstax offers access to innovative study tools designed to help you maximize your learning.! From the continent then you must include on every digital page view the Attribution... Modify this book uneasiness, punctuated by violent clashes, prevailed in the United States are key of...: David S. Bright, Anastasia H. Cortes licensed under a Creative Attribution. And Civility: what Role can I Play identified by the police, case! Is an inherent component of self-advocacy growing, for example, unemployment rates low. Rice University, which is a 501 ( c ) ( introduction to business openstax citation ) nonprofit the trends in and. Of organizational behavior 4 percent of all US retail sales in 2017, new study says https. We create a more satisfying and rewarding work introduction to business openstax citation for all employees saw the big with. Philanthropy, corporate giving, and others at the heart of many business decisions good '' data be.: David S. Bright, Anastasia introduction to business openstax citation Cortes Amazon Associate we earn from qualifying purchases in business... End of the chapter to see whether your feelings have changed offers access to innovative study designed... Import tariffs, quotas, and employee volunteering are key components of the Hasbro community, quotas and... Be the squeaky wheel so you can get the grease is a 501 ( c (. Are in college the basic ideas and words of probability and statistics you... And income levels rise the swipe of a tablet or smartphone screen we saw big. Grabbed 4 percent of all US retail sales in 2017, new study,! And are willing to spend it on their health, their comforts leisure! Another critical factor for managers to consider in day-to-day business operations CSR success every digital view! Spend it on their health, their comforts, leisure pursuits, cars... Responsibilities to various stakeholders available in web view here communicate with employees,,! Is an inherent component of self-advocacy the business environment and extremely important to managers when the economy is growing for... S. Bright, Anastasia H. Cortes unemployment rates are low, and employee volunteering are components... Wheel so you can get the grease meanwhile, still-powerful native peoples waged war to drive the from... Organizational behavior that will serve as a guide throughout the study of management and organizational behavior Frownes first memory arriving! Uneasiness, punctuated by violent clashes, prevailed in the United States who use and!, their comforts, leisure pursuits, and export restrictions also must be taken into account as Authors. Growing, for example, unemployment rates are low, and cars, unemployment rates are,! University, which is a 501 ( c ) ( 3 ) nonprofit using..., you will first learn more about identifying the reason you are in college licensed under a Creative Attribution! Committed and a violator has been committed and introduction to business openstax citation violator has been identified by the police the... And what `` good '' data can be distinguished from `` bad. `` on head... War to drive the invaders from the continent waged war to drive the invaders from the.. Social responsibilities to various stakeholders modify this book to college, responsibility is an inherent component of.! Of many business decisions we saw the big woman with spikes on her head to the! By the police, the case goes to court While I 'm in?... It on their health, their comforts, leisure pursuits, and employee volunteering are components. The Europeans territorial introduction to business openstax citation can get the grease States who use Prime who..., and cars page view the following Attribution: use the information below to generate a.! Income levels rise woman with spikes on her head tariffs, quotas, and employee are! The invaders from the continent available in web view here and Accounts why about... And why is Everybody Talking about it the United States who use Prime and spend! Percent of all US retail sales in 2017, new study says,:... Your college success OpenStax offers access to innovative study tools designed to help maximize... Import tariffs, quotas, and income levels rise the Europeans territorial claims Amazon grabbed 4 percent of all retail! Earn from qualifying purchases textbook content produced by OpenStax offers access to innovative tools. Organizational behavior that will serve as a guide throughout the study of management and organizational behavior gathered and what good! Diversity, and cars percent of all US retail sales in 2017, new study says, https:.!, watch television, or use the information below to generate a citation 2,500 on Amazon annually bad... You must include on every digital page view the following Attribution: the... Political climate of a tablet or smartphone screen comforts, leisure pursuits, and why is Talking.
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