Category: Career & Technical Education, Electives, High School
Prerequisite: Pre-Algebra
Assessment: Pre-Test, Lesson Practice, Unit Exams, Mid-Term Exam, Final Exam
Language: English
Course Overview
Business Management is a course that is appropriate for both students on a business career path as well as students seeking to attend college in a business related field. Course topics include:
Management and Leadership
Planning and Change
Economics and Ownership
Regulation and Communication
Business Metrics
Capitalization
The Product
Supply Chain Management
Human Resources
Managing the Manager
Scope and Sequence
Unit 1The introductory unit of this course introduces students to the history of management, the changing role of management, management efficacy, supervision, and informed management. Students will also be introduced to leadership, leadership development, leadership styles, as well as workplace rules and culture.Unit 2This unit delves into planning, planning tools, organization, increasing organization efficiency, implementing change, managing change, communicating change, and embracing change. Additionally, this unit covers the changing business climate, career development, and control.Unit 3Students will learn about human resources, cultural values, ethics and social responsibility, the supply curve, the demand curve, the supply and demand graph, and producer and consumer surplus. Students will also learn about competition, capitalism, managing economic change, international business, and types of international business. They will then learn about international trade theories entrepreneurs and proprietorships, partnerships, limited liability corporations, as well as corporations, and unique ownership structures.Unit 4This unit explores competition regulations, regulations to protect the public, regulations to protect businesses, and business taxes. The unit will also explore communication flow communication management, organizational communication, and communication styles, as well as international communication, electronic communication, and communication permanence.Unit 5Students delve into the mathematics of management, calculating key performance indicators, using key performance indicators, quantifying management success, statistics, data-backed decisions, and decision tree analysis. Students will also delve into budgeting, assets, liabilities, shareholder's equity, balance sheet, gross sales, costs of goods sold, expenses, net income, and income statements. Students will then learn about, free cash flow from operations, investing, and financing, cash flow statement, analyzing financial data, and key financial metrics.Unit 6In this unit, students explore capitalizing a business, capital structure, raising capital, equity financing, debt maturity, interest rates, the credit rating process, and credit ratings and interest rates, as well as short term debt financing, long term debt financing, short term vs. long term debt, and debt vs. equity financing. Students will also explore financial institutions, financial services, investments, credit principles, managing credit, insurance, and choosing insurance.Unit 7This unit builds upon product development, product design, soft launch, user interface, user experience, customer data, manufacturing, service marketing, marketing analytics, marketing strategies, and marketing strategy development. The unit will also introduce product management, distribution channels, product distribution, pricing a product, promoting a product, and social media promotion.Unit 8Students will learn about the supply chain, the impact of supply chain, vertical integration, benefits and drawbacks of vertical integration, horizontal integration, and benefits and drawbacks of horizontal integration, and differentiating vertical and horizontal integration. Students will also learn about logistics, choosing suppliers, and supply chain contingency.Unit 9In this unit, students will gain knowledge about talent acquisition, effective interviewing, interview vs. task based hiring, diversity in the workforce, employee redundancy, performance-based employment termination, employment law, equal opportunity employment, and employee compensation, as well as gender discrimination, FMLA requirements, employee benefits, hidden employee costs, and improving employee performance.Unit 10Students will end the lesson learning about personal career planning, delegation, micromanagement, hierarchical organizations, flat organizations, risk taking, SMART goals, and creative thinking, Students will then learn about information technology in business, depreciation, managing IT, and business technology strategy.