UPDATED 2014 Aug 7
SENECA COLLEGE,  TORONTO
BUS 106 (2014),   Intro to Business
As taught by Prof. Tim Richardson 416-491-5050 ext 77534 
July-Aug 2014
this page also may be used by students of other BUS 106 professors
BUS 106 in 2014 uses the text THE FUTURE of BUSINESS: 
4th Edition
by Althouse, Allan and Hartt,  -published by Nelson
ISBN: of the custom publication is 10 0 17 656075 0
ISBN: of the hard copy 13: 978-0-17-650963-7
see also the text website www.nelson.com/futureofbusiness4e
http://www.nelson.com/futureofbusiness4e
Study Tips for quizzes and tests  witiger.com/tips.htm
Answers www.witiger.com/testanswers/vvv
May 2014
Prof. Shannon
June
Prof. Shannon
July
Prof. Richardson
August
Prof. Richardson
4pP's - 6E's VIDEO
(watch for first class)
http://www.youtube.com/watch?v=j06cY_-Jc1Q
4P's web page
did Jan 10 
and
6E's web page
did Jan 10
re-read on your own
study for the Feb 2014 mid-term
 o economic 
 o technological 
 o political/legal - regulatory 
 o social-cultural 
 o competitive 
 o geographic

"10 fingers"
of business and marketing
click to view video

noted July 4
view on your own
 

Consumerism
d
.
Chpt 1 in custom pub
Chpt 2 in the hard copy

Economic Environment
http://www.youtube.com/watch?v=Q0krYU0Gb8Y
- macroeconomics
- microeconomics

Law of Supply - Demand
Supply and Demand
f
Elastic Demand
Inelastic Demand
http://www.youtube.com/watch?v=qIuSzbjU8S8
.
Competition Basics
f
Degrees of Competition
reminded July 4
 o Perfect Competition
 o Monopolistic
 o Oligopoly
 o Monopoly
-  -  -  -  -  -  -  -  -  -  -  -  -  -
Geographic Environment
f
Weather Extremes
  Global Warming
f
--------------------------------------
Chpt 2 in custom pub
Chpt 17in the hard copy

Money - Banking
did Jan 20
M1, M2
deposits
CDIC deposit insurance
did Jan 20

Bank of Canada
Role of the central Bank of Canada
Jan 20
Banking Industry www.cba.ca
Insurance Industry  ibc.ca
Securities Industry
 www.securities-administrators.ca

Deposit institutions
did Jan 20
o banks
o trust companies
o credit unions

non-deposit 
did Jan 20
o insurance companies
o pension funds
o investment dealers

Securities / stocks
http://www.youtube.com/watch?v=G8nU3W_xO00&feature=youtu.be
Jan 20
why companies would do 
an IPO and list their stock

Bonds
Jan 20
Mutual Funds
Jan 20
http://www.youtube.com/watch?v=D8A3Iu8jQRI&list=UUAtk_NQTEd9jP4hEI6lPUHA&index=1&feature=plcp
stocks vs. mutual funds
noted Jan 20 watch on your own
explained in a video
Chpt 3 in custom pub
Chpt 1 in the hard copy

Role of Government
Jan 24

Gov't in Business
o crown corporations
Jan 24
study for the Feb 2014 mid-term
o gov't influence
Jan 24

Taxation (CRA)
Fiscal Policies
Monetary Policies
Jan 24

Viral Marketing
read completely
- noted
asymmetrical marketing
guerrilla marketing
------------------------------------
Selling to government
d
Government Expenditures\
Government Purchasing
        (fed gov procurement)
 www.tpsgc-pwgsc.gc.ca
/app-acq/index-eng.html
The Federal Government
Procurement Guide

Gov't Services
oIndustry Canada
o IRAP program
o Dept. of Foreign Affairs
Embassies and Consulates
added July 04
https://www.youtube.com/watch?v=kIeQkreVIyo
Chpt 4 in custom pub
Chpt 3 in the hard copy

Ethics
for Feb 3rd, read completely
+ watch the videos
- will discuss in class Feb 7th
study for the Feb 2014 mid-term

Ethics effected by the 6 Environments - video
http://www.youtube.com/watch?v=OBUaopHHxYU
stuks
.
Whistleblowers
u1

st
 Social Responsibility
- w
responsibility to stakeholders
- employees
- customers
- investors / shareholders
- suppliers
- governments
- society /. neighbours

the environment
- pollution
- rights of consumers
        www.consumer.ca
- consumerism
- unfair pricing
n

-Insider Trading

Social Auditing
Sustainable Development
r
..
Chpt 5 in custom pub
Chpt 4 in the hard copy

Technological Environment

e-Commerce
 allecommercetopics.htm
no

Benefits and Limitations
of e-commerce
re

"Things to be convincing" selling online
r
 
Chpt 6 in custom pub
Chpt 5 in the hard copy

Global marketing
int'l business SUMMARY
noted  Feb 10
Summary of all int'l business
topics
http://www.youtube.com/watch?v=Cbg7WNnEHw4

Globalization
Forms of Competitive Advantage 
.
4X - Foreign Exchange
.
- Why Export 
.
CollaborativeRelationships
did Feb 10
 see the YouTube Video
http://www.youtube.com/watch?v=Dy_3tvCrXao
m0
 o licensing
 o franchising
 o mgmnt contracts
 o turnkey ops
 o joint ventures
 o equity alliances
 o consortiums
.
Trade Protectionism
 o Tariffs
 o Subsidies

FDI concepts .
not on Feb 2014 mid-term
..
o GATT / 
WTO World Trade Org.
mentioned Feb 10
o IMF
mentioned Feb 10
o World Bank
mentioned Feb 10
o NAFTA, EU

- by country
 - cultural considerations
n
 MID TERM CASE for Feb 2014
study

Chpt 7 in custom pub
Chpt 6 in the hard copy

Entrepreneurship
begun July 2
and Small Business
Self assessment tools online
 owww.bdc.ca
self-assessment quiz online
(do this online)

Assignment 2
mentioned July 2, 4
- took up in class July 18

Sustainable business
Sustainable Development

Entrepreneurship and Small Business
98% of all business is small business

Finding an Idea
Choosing a form of business
Business Plans
did July 4
obtaining financing
did July 4
  o debt, borrow
  o equity, sell shares
Chpt 8 in custom pub
Chpt 8 in the hard copy

Forms of Business Ownership
PPT by Prof. Litt
did July 9

http://www.youtube.com/watch?v=nLkslGMe3tk
how to register a business
for class July 9

o Sole Proprietorship
did July 9
o Partnerships
did July 9
  oGeneral Partner
  oLimited Partner
  oLimited Liability
o Corporations
did July 9
  oPublic
  oPrivate
 
Part of registering to incorporate a company is picking a company name - which means thinking also about a "domain name" for the company website
Domain Names 
for July 9, 11
o marketing strategies
o registering a domain
.
http://www.witiger.com/ecommerce/domainnamesregister.htm
watch these videos July 11
note comments by other students
Video 1  intro
Video 2 registration/hosting
Video 3  TLDs
Video 4  mktg strategies

Mergers and Acquisitions
Franchising
did July 9
Coattail effects
did July 9
- 43% of all retail sales are through a Franchise

Timmies - "our" franchise
 macleans.ca/tag/tim-hortons/

Co-operatives,
noted July 9
UCO
Chpt 9 in custom pub
Chpt 9 in the hard copy

Management Leadership
Functions of Mgmnt
did July 18
PDOC p. 233-242
did July 23
 o Planning
 o Organizing
 o Leading(Directing)
 o Controlling
.
Mission Statement p. 235

Goals - Objectives
did July 18, 23
  o Goals 
  o Objectives
  o Plans 
  o Strategies
  o Tactics
.
.Types of Planning p. 235
 o Strategic Planning
 o Contingency Planning
 o Tactical Planning
 o Operational Planning
.Management Skills
did July 23
 o Technical Skills
 o HR Skills
 o Conceptual Skills
Leadership Styles p. 238-239
did July 23

Employee Empowerment
did July 23

http://www.youtube.com/watch?v=XsijJiOfixY&feature=youtu.be
Assignment 2 video
2014
 
Chpt 10 in custom pub
Chpt 7 in the hard copy

Analyzing the business

Stakeholders
and
Stakeholder Analysis
did in detail July 23
http://www.youtube.com/watch?v=nBA1ud6QtyE
did July 23
- owners
- employees
- customers
and
- government
- suppliers
- neighbours
 


SWOT Analysis
noted July 23
Chpt 11 in custom pub
Chpt 15 in the hard copy

Production Mgmnt
Operations Mgmnt
Facility Location
Facility Layout
Outsourcing
introduced July 23
Why Market Development is
better than Market Penetration
http://www.youtube.com/watch?v=_rQzCL0FwX0
video on advantages of
Market Development and how it is related to Outsourcing
p. 286
...
Six Sigma  Dilbert
ISO 9000
fo
 www.iso.org/iso/
iso_9000_essentials

Supply Chain Management
did July 25
.
Push versus Pull
did July 25

video
video added July 25
.
Process Mfg
did July 25
o assembly process
o continuous process
o intermittent process
Materials Requirement Planning
J.I.T.
did July 25
http://www.youtube.com/watch?v=RxTbkSg6v_s
Purchasing
Flexible Mfg
Lean Mfg
Mass Customization
CAD CAM CIM
TQM
noted July 25
for class July 30
Total Quality Management
http://en.video.sympatico.ca/news-info/top-stories/watch/-recall-issued-for-suvs/1743658935001/#.UD0QaHL7HMw
(open in Internet Explorer)
showed in class July 25
WTGR on CTV News discussing recalls and quality management
 
Chpt 12 in custom pub
Chpt 18 in the hard copy

Financial Management
for March 24
  o short-term forecast
  o cash flow forecast
  o long-term forecast

Budgets
di
  o operating budget
  o capital budget
  o cash budget

acquiring inventory
capital expenditures

Sources of funds
did
o debt financing
o equity financing 
      (selling shares)
o short-term financing
o long-term financing

Short Term Financing

 o loans, secured, unsecured
 o line of credit
 o factoring accounts receivable
 o commercial paper
 o credit cards
Long Term Financing
did Aug 6
 o debt financing
 o bonds
 o equity financing
 o IPOs , stocks
 o VCs, venture capitalists

click
simple explanation of stocks versus mutual funds
 

http://www.youtube.com/watch?v=G8nU3W_xO00
why a ocmpany does an IPO - selling stock
---------------------------------
Risk Management

 o Speculative Risk
 o Pure Risk
http://www.youtube.com/watch?v=xEDH5cdB6tw
did Aug 6
.
What does it mean when you have to analyze something
- watch this video for tips
http://www.youtube.com/watch?v=VLjsOgVaA3Y
r
 

---

product orientation 
sales orientation 
marketing orientation
http://www.youtube.com/watch?v=ntX9xeDgDo8

CASE for the 
final Exam 
August 2014
 
 
 
 

 

May 2014 4Assignment (2014)
0 Assignment due
F1 MID-TERM
July 2nd Wed
July 4 Fri
July 9 
July 11 online class re: domain name videos
July 16
July 18 Assignment 2 due
July 23
July 25
July 30
Aug 1
Aug 6
Aug 8
Aug 11-15 Exam Week

 
http://www.youtube.com/watch?v=bcuw9bMYgHY http://www.youtube.com/watch?v=8tXadb6IsKI http://www.youtube.com/watch?v=Zh_3o1npTEg http://www.youtube.com/watch?v=k1w28eG3jyA http://www.youtube.com/watch?v=xRrPMWWENhM http://www.youtube.com/watch?v=TI8JxwBvnII http://www.youtube.com/watch?v=wCxYyI_iWj0
Read The Newspaper
Part 1
Read The Newspaper
Part 2
getting rich on the stock market
Read The Newspaper
Part 3
learn an
Industry Sector
Read The Newspaper
Part 4
Business magazines
are important
Earning
Class
Participation
Marks
- basics
Class
Participation
- how you earn the highest marks
Class
Participation
- how they are calculated
- the numbers
..
http://www.youtube.com/watch?v=LxguksrUZfk http://www.youtube.com/watch?v=B7e9WSnC0Tk http://www.youtube.com/watch?v=ybZbld2gyLI http://www.youtube.com/watch?v=bsPyhq52IwU
Group Work
- what the Report should look like
- binding, pages, table of contents
Group Work / Reports Part 2
The importance of using "Mature Language" in your writing
Group Work / Reports Part 3
important considerations
Group Work / Reports Part 4
Coordinating the submission
Communication w group members

 
http://www.youtube.com/watch?v=0OAU-SGPzXY&list=UUAtk_NQTEd9jP4hEI6lPUHA&index=1&feature=plcp Contest 
- just like we have SWOT for Strengths, Weaknesses, Opportunities, Threats, I'd like to create an acronym for the 6E's
 o economic 
 o technological
 opolitical/legal - regulatory 
 o social-cultural 
 o competitive 
 o geographic
You can re-arrange the order anyway you like, your task is to come up with something easy for students to remember
- whichever class, or group comes up with the best acronym, wins a "food prize"
note: some students have been taught "PEST", which stands for political, economic, social and technological environment, but, in reality, the influences on business also include "competition" and "geography", which means PEST is inadequate cause when you are talking about the things you can control (4P's) and the things you can't control (the environments), PEST is not enough, you need 2 more (competition and geography)
 
 
 
http://www.witiger.com/videos/CinnabonTheMovie.wmv 2009 April 
Some students impress me because they get into Law School, or MBA, or find a great job, other students impress me because they try very hard to learn, and show improvement when they were shy in the beginning.

Sky was in my "intro to business" class Jan-Apr 2009. In the beginning he was shy, but... once we got him talking about his job working at Cinnabon, he was a business genius and we were able to work that into many concepts of the course - in fact one class we had to stop early cause it was getting into too much distracting detail about how good the product tastes - anyhooo, Sky said because we talked about it so much, maybe he could bring some to the last class, I said sure, so he showed up the last class with 4 big boxes, + paper plates + napkins and forks - it was awesome - we all ate and spent only 5 min on the review.
Sky got A++++ and is now at Harvard ;-)

Bottom line is, I like learning about what my students do in "real life" and am always interested in incorporating
that into the classsroom, and this was a great opportunity. Basically, you should understand that learning about
business is not always in the classroom, sometimes if you pay attention to what is done in your part-time or full-time jobs,
you can pick up on ways that companies deal with the 4P's and 6E's in the real world.
WTGR - gotta go for a walk now..............

bsv
http://www.youtube.com/watch?v=dBZlz6nh4Yc c
Quizzes and small Tests

Part 1

etiquette and manners

clip on YouTube 

obviously not enough people have watched this so I will put it at the top of this page

 www.youtube.com/watch?v=dBZlz6nh4Yc

 

nn
http://www.youtube.com/watch?v=7c97cBuGxhI c
Quizzes and small Tests

Part 2

"being late", why it is not good and causes problems for you

clip on YouTube

 www.youtube.com/watch?v=7c97cBuGxhI
 
 

 

dd

http://www.cbc.ca/news/background/CBC backgrounders - a good resource for BUS 106

course outline online 2013 http://www.senecac.on.ca/ssos/findOutline.do?schoolCode=SMM?termCode=20133?subjectCode=BUS106
course outline online http://www.senecac.on.ca/outlines/073/FOB/BUS106.HTM
 
 




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