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ONL 1100 - 0) INTRO TO BUSINESS

Laying the Foundation
by

evelyn chan

on 11 September 2018

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Transcript of ONL 1100 - 0) INTRO TO BUSINESS

What's the long term
DOWNSIDE
of this strategy for employers?
You've made a wise choice by being here today.
OCC has the lowest tuition per credit hour in the state.
Does your education impact:
a few words of advice before
Treat this class like a job.
What happens if you miss a day of work?
The SYLLABUS
1) Be proactive-- not reactive
2) Be Adaptable
4) Be Resilient
3) Be Tenacious
CLASS INTROS
Can you get rid of student debt through bankruptcy?
What will we cover in
BUS 1100?
Lose your job?
INTRO
Did you know?
OCC courses I've taken...
For some of you, this is your job.
No pay?
Burden your supervisor/co-workers (the opposite of good will)?
Incomplete content means:
Missed knowledge/wisdom
Not maximizing tuition $$
Start saving for retirement
Be Proactive
Have initiative-- create a good offense.
Roll with it & prepare for change.
Pick your battles wisely.
If it's worth it, don't give up too easily.
You will get knocked down
BOUNCE BACK
Always have a 'Plan B' (contingency plan).
CLICKER REVIEWS
Be prepared to take advantage of unexpected opportunities.
Will this course be a good investment for
YOU?
How important is good will?
No.
It follows you to the grave...
Business Essentials
, ebert/griffin, 10/e (older versions are acceptable)
Shop around for the best deal!

MyBizLab is NOT required
BUS 1100 Textbook
Missed points
(Clickers are provided on Exam day)
Is change inevitable?
Why is Apple so profitable?
Apple is the LOW cost producer at a PREMIUM price.
It's like a Ferrari having the market share of a Toyota-- that's a very powerful cocktail.

- Scott Galloway, Firebrand Partners
Please review
in D2L...
angry birds was rovio's 52nd product.
Many new terms and concepts will rain down on you...
How do you gain
street cred?
speak the language
A copy of the text is available for students
to reference on reserve at the AH Library.
How is Corporate America doing?
Check OCC email address everyday!
CLASS ANNOUNCEMENTS
(in case of emergency)
Earning potential?
Employment?
- National Student Clearinghouse (2/5/13)
It's time to ask for a raise!
https://player.piksel.com/v/vb66x4t2
Understanding business can help you succeed in any career you choose.
Welcome to BUS 1100!
(Introduction to Business)
This knowledge can be both practical and useful in everyday life.
Connect you with what's happening in a dynamic, global business environment
My intent for this course:
Help you leverage business concepts to your advantage in career & life
SCANTRON FORM NO. 882-E
Precision Data Products DO NOT WORK!
It is sold online...
(alhough it claims to be 882-E compatible)
IMPORTANT
THE SYLLABUS
About 45% of the students completing bachelor’s degrees in the U.S. completed some coursework at a two-year institution like OCC.
Write down your goals, strategy, tactics.
Nearly HALF of new jobs are LOW WAGE. About 48 percent of projected national job openings pay less than $15/hr.
ADM William McCraven
"life's not fair"
video
The Gig Economy
(A digital preview...)
S&P 500 Closing Prices
Under
$4400/yr
$9.25 x 8 hrs/day x 251 days/yr
= $18,574/yr
Threats to the American Dream?
Globalization
Technology
Decline of Unions
Stagnant College Completion Rates
0) Introduction to Business
Laying the Foundation
DID YOU KNOW?
Is OCC a great value?
2016 Data
Complete your first 2 years with LITTLE TO NO DEBT.
Realistic goal:
What about MI workers?
Many workers spend 5 years or less in every job.
The average person changes jobs 12 times (on average) during his or her career.
4/20/16
Today's reality...
What happened to
the American Dream?
Roger Altman, Founder/Senior Chairman of Evercore
What are PROFITS?
Profits (
Losses
) =
Revenues
-
Expenses
Revenues = $Price x Units Sold
Expenses = All costs required to run the business
Will computers replace us?
https://www.ft.com/content/ab5daa64-d100-11e7-947e-f1ea5435bcc7
Use a laptop to beat a supercomputer!
Empower yourself
1) Be Proactive
2) Be Adaptable
3) Be Tenacious
4) Be Resilient
Be Proactive
If you fail to plan, you are planning to fail.

- Ben Franklin
It's not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.

- Charles Darwin
ADM William McCraven
"Just don't quit"
"Success requires persistence, mental toughness,
and emotional toughness in overcoming pitfalls...
You must grow a thick skin and become accustomed to struggle if you hope to succeed."
- Tom Corley
https://tinyurl.com/
Article-on-Tenacity
In 1985, the Apple Board of Directors fired Steve Jobs in a move that stunned Silicon Valley and the world.
After floundering, Steve Jobs founded NeXT, acquired Pixar, and helped create 'Toy Story'.
In 1996 Steve Jobs was once again in the driver's seat of the company he founded.
He bounced back.
He bounced back.
Proactive
adaptable
TENACIOUS
Resilient
How to empower yourself ?
EXTRA CREDIT
Syllabus Quiz
(Optional 10 pts)
Profits are what's leftover from cash sales after deducting all expenses/costs.
Laying the Foundation
https://tinyurl.com/
Americans-just-getting-by
Part 1
10/27/17
You bet it does!
How is mainstream America doing?
Be Adaptable
Be Adaptable
Be Tenacious
Be Tenacious
Be Tenacious
Be Resilient
Be Resilient
Be Resilient
(supplemental)
HEADLINE
Part 2
https://money.cnn.com/2016/04/01/smallbusiness/kevin-oleary-dyslexia-shark-tank/index.html
I'm Evelyn Chan,
your instructor for this course

Welcome to BUS 1100!
Full transcript