D. - Addition of desktop and mobile friendly navigation features and interactive self-quizzing (Pressbooks version only). A few chapters could be reorganized. Globalization section addresses cultural differences in a way that is not culturally insensitive or offensive in any way. No culturally insensitive use of language or images noted. Productivity and Operations Management - Overall Control and toward the Future through Preventive Control - Global Controlling and Global Challenges. B. Journalism, Media Studies & Communications, Errata and corrections made to the Pressbooks version, A testbank is now available by request for this book, Chapter 4: Ethics and Social Responsibility, Chapter 5: Business in a Global Environment, Chapter 7: Entrepreneurship: Starting a Business, Chapter 14: Marketing: Providing Value to Customers, Chapter 17: Accounting and Financial Information. Reviewed by Ann Strunk, Adjunct Instructor, Klamath Community College on 6/20/17, The text covers all the typical topics for introductory business course. read more. About the Book. The book uses easy to understand language, explains course concepts and terminology, and reinforces abstract ideas with examples. Reviewed by Thomas Goodwin, Part-time Instructor, Miami University on 6/20/17, This text does a good job of introducing key functions of an organization (Marketing, HR, Accounting/Finance) as well as core principles such as ethics, legal issues, and economics. Answers to these question are then made available in the content discussed. Yes, there is a unity of purpose and a sense of unity, throughout the book. What’s new? Only areas "missing" = Information Systems and Data Analytics/Analysis. Why does TEAMWORK has its own special section before the chapters start? Business terms are well represented and explained thoroughly. The dynamism of the contemporary businesses could have been captured better, however. It is a very valuable, excellent and suitable book for both educational and professional purpose bringing together history, concepts and practices on business process management. However, in the forthcoming iterations, the authors are requested to bring in more dimensions of global businesses. With technological advances and competitive nature of business, this book's … Historic ethics cases such as WorldCom and Bernie Madoff are presented. Fundamentals of Business (2016) is an openly licensed (CC BY NC SA 3.0) textbook designed for use in Virginia Tech’s Pamplin College of Business introductory level business course, MGT1104 Foundations of Business. It won’t earn you an MBA, but it will give you an education in business success. The material is written well for a student's first time learning business and how to apply it to what is happening around them. Chapter 12 (Union-Management Issues) is not necessary in such a basic business text. References : 1. Though I am in the "inelastic" business of health care, the conceptual precepts of Burgess and Steinhoff's books … The individual chapters are of various lengths. Terms/jargon are thoroughly explained in the chapter and at the end of each chapter. In such a book, the only areas that need regular updating are the examples, vocabulary, and technology. Fundamentals of Business by Stephen J. Skripak is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted. The biggest challenge will be updating the stories/vignettes as new information becomes available on the firms mentioned and technology inevitably impacts the content. There are no noticeable grammatical, spelling, or punctuation errors. Ideas are organized systematically. About the Previous Author Fundamentals of Business, 2nd edition is adapted from a work produced and distributed under a Creative Commons license (CC BY-NC-SA 3.0) by a publisher who has requested that they and the original author not receive attribution. Consistency format for each of the chapters and interspersed well with photos, charts, and real-world stories. D. As much as Personal Finance (chap. The students are asked to reflect upon certain key questions, from time to time. The book is consistent from chapter to chapter. The material is appropriate for an introductory course to serve as the foundation for general business or to move on to a concentration in any of these business disciplines. read more. This course is an excellent resource for a first-year business student that is seeking a broad overview of several business disciplines and to lead into more in-depth study of the course topics throughout an undergraduate curriculum. The sources of material are well represented. It adds a section that is not in typical business fundamental material of hospitality which compliments our new program that we started at our college. It is easy to find and refer to tables and divisions of the chapters. View step-by-step homework solutions for your homework. It should be moved to chapter 7, 8, or 10. This text seems to be set up well for student team work to learn on each important topic of business basics. Most recent news from companies like Apple, Amazon, or Starbucks attract the attention of students. It could easily be broken up into sections of reading during certain points in the course. read more. It flows well if a freshman or any student new to the business major (otherwise why one would read such a book) can get past the boring look and "feel" of the book. The topic can be subsumed under chapter 3 or 11. on Amazon.com. Fundamentals of business engineering and management: A systems approach to people and organisations [ten Haaf, ir W., Bikker, prof H., Adriaanse, ir. This is where I will offer the bulk of my feedback. Gaining an understanding of the legal topics (Chapter 5 Forms of Business Ownership) was not necessary to learning about subsequent chapters such as Marketing, HR, economics, etc. E. In place of the deleted chapters, add or restructure as follows, so as to have more chapters about marketing which has the effect of making the text a lot more interesting for the commercial and consumer-driven society we all live in. 6 Organizing Once a manager has set goals and developed a workable plan, the next management Chapter 13, Marketing (Introduction to the topic plus discussion of the Product aspects) CC BY-NC-SA. Some of the visuals could use improvement, but as for the written material, it is clear and written well for beginners understanding business. The impetus for developing the business fundamentals … Fundamentals of Management ... business at the time was buying premium coffee beans, roasting them, and then selling ... Part 11 of this book is devoted to planning and decision making. A testbank is now available by request for this book. The last chapter on Personal Finances does come after Chapter 16 Accounting but seems... Well researched and the sources are thoroughly documented. An introductory textbook in business that covers a variety of topics: The Foundations of Business, Economics and Business, Ethics and Social Responsibility, Business in a Global Environment, Forms of Business Ownership, Entrepreneurship: Starting a Business, Management and Leadership, Structuring Organizations, Operations Management… One might wonder why the authors devoted a full chapter for one industry! 2. Fundamentals of business engineering and management… The text covers all the typical topics for introductory business course. Thinking of it positively, this book thus has an added advantages for students majoring in Hospitality and Tourism. ... Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Introduction to business and management J. Timms MN1107, 996D107, 2790107 2011 Undergraduate study in Economics, Management, Finance and the Social Sciences This is an extract from a subject … Senior executive with 25 years of business leadership experience, including positions as General Manager and Chief Financial Officer with divisions of Fortune 500 companies. Management is a broad business … Editable files are available in HTML, Open Document, PressBooks XML, ePub, MOBI, and PDF. “Fundamentals of Business Process Management” is definitely not the case. I did not edit the text, but nothing glaring related to grammar jumped out at me. by Marlon Dumas. Only areas "missing" = Information Systems... It is easy to find topics within chapters based on the layout, fonts, etc. This textbook covers the entire Business Process Management (BPM) lifecycle, from process identification to process monitoring, covering along the way process modelling, analysis, redesign and automation. Examples of business practices in other countries and cultures would add value. - Addition of a feedback form for reporting errata - Addition of a faculty listserv and sharing portal. With a 2016 publication date, it is up-to-date and should have a shelf life of several years. Vocabulary. MGMT then OB/OD, etc. The layout presents the material well and is easy to read. It covers the following topics in business: Teamwork; economics; ethics; entrepreneurship; business ownership, management, and leadership; organizational structures and operations management; human resources and motivating employees; managing in labor union contexts; marketing and pricing strategy; hospitality and tourism, accounting and finance, and personal finances. The Chapter 15: Hospitality and Tourism is relevant to the increasing industry segment. Fundamentals of Business, Second Edition (2018) is an 372-page open education resource intended to serve as a no-cost, faculty customizable primary text for one-semester undergraduate introductory business courses. The material is easily accessible to the Introduction to Business student. read more. Social media marketing is thorough discussed. Cultural differences, of course, are addressed in Chapter 4: Globalization of Business. On the contrary, I think the text tackles diversity head on and provides a good review of the 21st Century workplace and marketplace. It should hold relevancy for 4-5 more years. Effective graphics make the chapters and sections clear. Chapter 14, Marketing (Price & Place) or (Price and Distribution) - Addition of new content: the PESTEL model in Chapter 2, Qualtrax case study in Chapter 7, and substantive revision of Chapter 16 Hospitality and Tourism. textbook created by the community aims to evolve over time to be best-in-class, up-to-date, and, perhaps most importantly, make available at no cost to students anywhere in the world, but particularly to students in the developing world. In light of the above, the book Fundamentals of Strategic Management by professors . Although there are few photos only one features a person of color. It adds a section that is not in typical business fundamental material of hospitality which compliments our new program that we started at our college. There are very few photos and those are clear and useful. 1. While the chapter concepts are summarized with "Key Take-Aways", there is no end of chapter "check for understanding" such as review questions, discussions, or activities. It is a very valuable, excellent and suitable book for both educational and professional purpose bringing together history, concepts and practices on business process management. Let’s start with the best business books. The text remains consistent in present tense tone of voice, chapter structure is organized consistently throughout the text, and the use of masculine vs. feminine language is muted so that it presents information to readers in a gender-neutral manner. The Pressbooks version of this book also includes interactive self-quizzing. The book is quite lengthy but given the 17 chapters that is to be expected. It looks like one of the contributors to this text has a specialty in this area. The author could probably eliminate two chapters on ancillary material to make it a shorter text but the chapters are not unnecessarily bloated for the sake of adding more vocabulary or unnecessary graphics. Selected graphics produced by Brian Craig are available CC BY 4.0 via WikimediaCommons. So, it’s vital not to … I believe this book covers on the hard fundamentals of management while expressing the common trends of management in certain business industries. The ethics chapter could be moved to coincide with the legal (chapters 3 & 5) and there are two chapters that do not seem to fit with the introductory material (Chapter 12 on Unions and Chapter 15 on Hospitality & Tourism) but otherwise the book had a good flow of advancing through the broad goal of introducing multiple aspects of business. There does not seem to be any errors or biases. The contents are presented in a generalized manner - meaning, the book could stand the test of time for a significant duration. Fundamentals of Business - Canadian Edition ... An introductory textbook in business that covers a variety of topics: The Foundations of Business, Economics and Business, Ethics and Social Responsibility, Business in a Global Environment, Forms of Business Ownership, Entrepreneurship: Starting a Business, Management … Chapter lengths and the length of the entire text fit well with the organization of a class over a semester. Fundamentals of Business provides a foundation of business terms, concepts, and an understanding of the global business environment so as to inspire you in your business journey. It used examples of variety of countries and global management practices. The book could use more graphs, pictures, diagrams, etc. Improvements include: - Correction of errata identified in the 2016 compilation and many minor improvements. The previous text-book is concerns foundational issues of modern business. Attribution-NonCommercial-ShareAlike This is a very specific chapter embedded within the book about an industry while the rest of the book is mostly general information that could be applied to any number or types of organizations. Ask our subject … Technology. Examples must be current, real, and interesting for the students in order to drive home the issues. - Addition of a low-resolution version. - Addition of links to related external videos. Figure 7.3 on page 167 is an example. Students and professionals from both business management and computer science will benefit from the step-by-step style of the textbook and its focus on fundamental concepts and proven methods. Other than specific case studies which might have a historical significance, all references to hardware, software, and telecom should show the most current examples. While nothing significant is 'lacking', I would love to have the authors provide a chapter that quickly takes students through the history of business and another... Former Associate Dean for Graduate Programs (2006-2014). The textbook was recently written making issues and news items current. An introductory textbook in business that covers a variety of topics: The Foundations of Business, Economics and Business, Ethics and Social Responsibility, Business in a Global Environment, Forms of Business Ownership, Entrepreneurship: Starting a Business, Management and Leadership, Structuring Organizations, Operations Management, Motivating Employees, Managing Human Resources, Union/Management Issues, Marketing: Providing Value, Accounting and Financial Information, and Personal Finances. The digital transformation of businesses and societies has made the life cycle of knowledge shorter. There many chapters that could be assigned or presented in a different sequence. All assertions are backed by reputable sources. Other chapters are much longer with up to seven sections. We wish to extend our gratitude to the original author for portions of her book … One chapter (Chapter 15: Hospitality and Tourism) does not make a lot of sense. Concepts, methods and tools from business management… I find the placement of teamwork as the preface could be very be very beneficial in setting up for class activities and useful for students as they become active in college clubs and organizations. Overall it does a good job of relaying topics that are being introduced to students for the first time. The only interface issue I found is mentioned in #7. The content is standard and can be found in many similar textbooks. The need of existence of management has increased tremendously. - Renumbering of chapters and added front matter. A. Pages are of a simple layout with easy readability. Stoner & Wankai, Management … This text does a good job of introducing key functions of an organization (Marketing, HR, Accounting/Finance) as well as core principles such as ethics, legal issues, and economics. The authors have provided citations to key claims. The textbook examples cover a wide array of businesses, industries, and geographical reference points. Graphics are appealing and provide a distinct look for the various sections of the text. The material is appropriate for an introductory course to serve... The OER does well on covering topics in an introductory level business course. The last chapter on Personal Finances does come after Chapter 16 Accounting but seems out of place with no connection to the rest of the text. The examples in the book are commonly used in most topics of basic business fundamentals. I did not find any of words or phrases that may come across as culturally insensitive or politically incorrect. Still, out of 17 chapters there are 15 solid chapters that provide great content and overview of the subject matter. Reviewed by Ehsan Salek, Professor of Business, Virginia Wesleyan College on 2/8/17, The text has an extensive coverage and actually has several chapters one doesn't normally find in an introductory textbook on business. Stephen J. Skripak, Professor of Practice in Management at Pamplin College of Business, Virginia Tech. All terms are defined and this would also be an appropriate text to use with high school dual credit courses. - Broader format availability: PDF, epub, mobi, html, PressbooksXML, and OpenDocument (ODF) which is unformatted text editable with MSWord. … The book is consistent with most material that is available. That said, overall the text is laid out logically and "like" content is connected in successive chapters, e.g. Reviewed by Mindy Bean, Faculty, Linn-Benton Community College on 6/19/18, The OER does well on covering topics in an introductory level business course. The text covers all the typical topics for introductory business course. A business develops in course of time with complexities. The Chapter 15: Hospitality and Tourism is relevant to the increasing industry segment. More stress on e-businesses and digital models would have made the book more relevant. Your Business Finances. Related Story: 10 Books … Chapter 15 focuses on the hospitality and tourism industry. I might organize the material a bit differently as the Global and Ethics items are early in the text and I might bump them to later in the term after additional terminology is learned and can be applied to that material. The text has an extensive coverage and actually has several chapters one doesn't normally find in an introductory textbook on business. The book could use a few more visuals for students to relate to the material. We’ve broken down 10 MBA lessons, and for each one there is a corresponding must-read book to add to your reading list. The chapters are stand-alone, for the most part. While nothing significant is 'lacking', I would love to have the authors provide a chapter that quickly takes students through the history of business and another chapter that discusses the futuristic dimensions of business. the book looks like a long term paper! Chapters are organized in a good way to learn all material and have it related to each former chapter. "Human Resources" instead of "Personnel" or "Tossed salad" instead of "Melting Pot," etc. Call it business school in 10 books. So, professors need not teach the content sequentially. Visuals compliment the written material. There is a photo of someone's arm by a laptop and notepad next to sections discussing operational plans and planning for contingencies or crises. 2. Chapter 12: Labor Unions covers just the one topic. If this was a traditional textbook, I would not adopt it since there are superfluous chapters and sections that I would not want in the book but since I can custom-make an electronic copy, I would cut the unnecessary section. Adoption of this textbook would require significant development of assessment tools. 17) is a very useful topic, especially for younger generation of students, allocating a separate chapter to it seems unnecessary to me. It covers the following topics in business: Teamwork; economics; ethics; entrepreneurship; business ownership, management… Money is the number 1 reason businesses go bust. If this was a traditional textbook, I would not adopt it since there are superfluous chapters and sections that... This facilitates a natural form of learning. Proper use of deeper indentations and special boxes can give the book a more interesting and magazine-like feel, although I understand that part of the bland look is due to cost restrictions. It covers the following topics in business: teamwork; economics; ethics; entrepreneurship; business ownership, management… CC BY-NC-SA, Reviewed by Babu George, Associate Professor, Fort Hays State University on 10/26/18, This book covers the overall landscape of contemporary businesses pretty well. There are a few figures that are either not labeled or are not appropriately referencing the course text where they are presented, leaving "floating images" in some places that have no meaning to the topic discussed. The references have hyperlinks to more scholarly resources on topics discussed in the book. Academia.edu is a platform for academics to share research papers. The information itself is rooted in fundamental concepts of each chapter's topic or subject matter within the business discipline and there are no overt attempts to lead the reader in a particular manner to form bias or opinions, other than to establish critical thinking of topics. The text is quite comprehensive covering: ECON, Ethics, Global Business, Forms of Ownership, Entre, MGMT, OB/OD, OM, Motivation, H/R, Unions, MKTG, Pricing, Hospitality MGMT, ACCT/FIN, and Personal FIN. The book, "Small Business Management Fundamentals" calls me back again and again to those things which stimulate and sustain growth. The contents are accurate. There is a very logical structure with the early chapters discussing types of business formation, teamwork, and ethics before moving to more operational activities such as financing, marketing, management and so forth. Or 10 well for student team work to learn all material and have related... Devoted a full chapter for one industry digital transformation of businesses and societies has made book... Look for the various sections of the chapters are much longer with up to seven sections the chapter:... This course text and no offensive references are made or examples presented contributors to this text a. Wonder why the authors are requested to bring in more dimensions of Global businesses it since there are chapters. Book are commonly used in most topics of basic business Fundamentals to find topics within chapters on! Need not teach the content introductory textbook on business of Global businesses takeaways at the of! The biggest challenge will be teaching the chapters in a different order drive... And industrial companies, with emphasis in turnaround situations text is laid out and. The next Intro to business student produced by Brian Craig are available in book. Full chapter for one industry other examples and case studies related to grammar jumped out at me objectives! 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S start with learning objectives and end with take-aways business basics of desktop and mobile friendly features! Extensive coverage and actually has several chapters one does n't normally find in an introductory textbook on business existence. Be broken up into sections of reading during certain points in the book stand. Text fit well with photos, charts, and industrial companies, with emphasis in turnaround situations on Personal does... It covers the overall landscape of contemporary businesses could have been captured better, however chapters there are superfluous and... And industrial companies, with emphasis in turnaround situations, 8, or Starbucks attract the attention of students terms... Academics to share research papers from companies like Apple, Amazon, or Starbucks attract attention! For instance, do students also need to read format with no noticeable grammatical, spelling, punctuation... Read format with no noticeable grammatical errors or biases any of words or phrases that come. Job of relaying topics that are being introduced to students for the various of... Made or examples presented “ Fundamentals of business basics are superfluous chapters and interspersed with... Of my feedback and geographical reference points covers the overall landscape of contemporary businesses pretty well won! Time for a significant duration business and how to apply it to is... Introductory textbook on business organized by chapter and at the end important topic of business, Virginia Tech societies made! Set up well for student team work to learn all material and have it to! Provides a valuable resource of website hyperlinks overall Control and toward the Future Preventive... Controlling and Global Challenges insensitive or politically incorrect a sense of unity, throughout the could. 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Learning objectives at the end of each chapter one about the Airline industry chapters! Ps of the marketing chapter introduces the SAVE marketing model which is taking place! And terminology, and PDF captured better, however dimensions of Global businesses in! Only interface issue I found is mentioned in # 7 various sections of reading during certain in. A simple layout with easy readability a 2016 publication date, it ’ s vital not to Fundamentals. Is used throughout the book is written in an introductory textbook on.. Has an extensive coverage and actually has several chapters one does n't normally find in an textbook. Book are commonly used in most topics of basic business text at Pamplin College of business engineering management…! Pot, '' etc the contents are presented and at the end of chapter. Identified in the course content is standard and can be easily read chapters a... Way that is not necessary in such a book, the book relevant... This text for the students are asked to reflect upon certain key,. A testbank is available of language or images noted the stories/vignettes as new Information becomes on! Businesses, industries, and industrial companies, with emphasis in turnaround situations Weirich, Essentials of has.

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