GBUS 1 Introduction to Business

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GBUS 1 Introduction to Business

• Instructor Vic Robinson

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Introduction

• Text - The Future of Business

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Prologue.What will a college degree do for you?

• a. Get and keep a better job.
• b. Earn more money. Bachelors degree -25,000
  more than high school diploma. 45 yrs worth
  1,125,000.
• c. Get a good start in life. I dont know what
  that means but I do know that a good basic
  education makes you much more flexible. That is,
  you will be much more able to handle problems in
  your life and business.

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Learning the basics of business

• Who is in business? Any one who spends money.
• Choosing a career. 40 hrs a week for 45 yrs is
  90,000 hrs

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Success in business

• Think on your feet Take up debating - Broad
  educational background
• Empower yourself
• People skills
• Acquire political savvy

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• e. Handle conflicts Best idea - Learn to listen
  effectively. How do you do that? Do not allow
  emotion to color what you hear. This is extremely
  difficult to do because your life experiences
  affect how you define the words that you hear.
  Frequently your experiences attach emotional
  responses to words. In order to listen
  critically you must be able to not allow any
  emotion associated with words that you hear to
  color what you are hearing.
• f. Crisis management Oxymoron most crisis are
  characterized by chaos. If chaos is manageable it
  is not chaos.
• g. Creativity Everyone is creative. He red
  difference is that some people want to be
  creative and the rest simply do not think about
  it.

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• h. Persuasiveness Whats in it for me?
• i. Teambuilding Remember, in almost all
  circumstances two heads or four eyes are better.
  The major exception is decision making. Most
  societies expect one person to take
  responsibility for failure. It take guts to stand
  up and be accountable. These days it seems no one
  wants to be accountable for anything.
• j. Attention to detail

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• All of these require confidence, intellect, and
  guts.
• A really good sense of humor helps.
• You may think that confidence ad guts are the
  same thing. I have know people who were supremely
  confident in their knowledge and ability but
  would not take on difficult tasks where they
  could fail. In order to really succeed at
  anything you must be willing to risk failure.

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Planning

• A plan is an ordered process for accomplishing a
  goal or objective. The essential thing in
  planning is to set a date at which the goal or
  objective will be achieved. If you want something
  but are unwilling to develop a plan, your goal or
  objective will never be more than a whish.
• If whishes were horses beggars would ride!

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• A plan has five specific elements
• A goal or objective
• A schedule
• A budget
• set of rules
• A criterion for determining when the goal or
  objective has been achieved. You may think that
  this will be obvious but it probably isnt.

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• All plans have five elements
• Definition of even the goal
• Schedule for completion
• Cost
• Rules that must be followed
• Acceptance criteria