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Chapter 1 Fall  2008 Trends And Dynamics
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Chapter 1 Fall 2008 Trends And Dynamics

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  • OT 5-8 Benefits of Home-Based Businesses 1. Home-based businesses are growing at an enormous rate. This acetate helps to clarify some of the reasons why. 2. Ask the class if any of them currently are involved in a home-based business. If anyone is, see if they will offer their own list of pluses and minuses. By going down the acetate’s points one-by-one it will be interesting to see how students react to the various benefits listed. It’s also interesting to ask what are the downsides of a home-based business. Unfortunately students do not always see both the sides of home-based businesses. 3. If you are like us and sometimes want to dazzle the students with statistics, you can note that a new home-based business is started every 10 seconds in the U.S.

Transcript

  • 1. Chapter 1 The Dynamic Business Environment
  • 2. PART A Major Trends Affecting Canadian Business
  • 3. Two Main Trends
    • 1. The Technological Revolution
    • 2. The Globalization of the World’s Economy
  • 4. The Globalization of Business
    • International trade is not new - Marco Polo, Voyages of Discovery, etc.
    • Integration of global trade, investment, manufacturing, purchasing and financing is new
    • Globalization depends upon new travel, communication and transportation capabilities
  • 5. Canada and the Pacific Rim
    • British Columbia leads the country in trade with the Pacific Rim
    • Canada does over 80% of its trade with the U.S.
    • B.C. has only 63% of its trade with the U.S. due to its trade ties with the Orient
    • Immigrants, entrepreneurs, and capital from the Pacific Rim have flocked to B.C.
  • 6. Big Business Cuts Costs
    • Restructuring - computers have allowed companies to become “lean and mean.”
    • Employee Empowerment - has led to “cutting the fat” at the management level.
    • Quality - Edwards Deming taught the Japanese that quality can cost less not more. We are relearning this lesson.
  • 7. Small Business: It is Dynamic
    • This sector creates most of the new jobs. Most Canadians have worked in a small business
    • Home-Based Businesses are the fastest growing sector of the economy; they are technology driven
    • 40% of the workforce are expected to “telecommute” in the near future
  • 8. Benefits of a Home-Based Business
    • Flexible work hours
    • Quality lifestyle
    • Doing the work of your choice
    • Opportunity to expand using technology
    • Self-motivation
    .
  • 9. The Service Sector
    • This sector includes government, hospitals, schools, etc.
    • The growth rate for employment in the service sector is over 3 times the rate of growth in the goods sector
    • In 2000 over 78% of all workers were employed in the Service Sector!
  • 10. Manufacturing in Canada
    • Canada was the 4th largest manufacturer in the world at the end of WWII
    • 1945 to 1995 manufacturing accounted for about 20% of GDP
    • 1945 to 1995 manufacturing declined from 30% to 15% of the workforce
    • Our economy needs a strong manufacturing sector to go along with a strong service sector
  • 11. Population Trends
    • Demographic trends have a huge effect on the economy
    • The post WWII baby boom dominated the economy in recent memory
    • The Pill and declining birth rates since the ’60s has touched everyone - schools, teachers, real estate developers, etc.
    • Immigration has off-set some of the effects of declining birth rates
    • Our population continues to age
    • Caring for the aged is a growth sector in our economy
  • 12. Environmental Issues
    • Population growth, industrial expansion, new processes, new chemicals, insecticides, automobile exhaust, waste disposal, hydrocarbon burning, etc., all contribute to environmental problems
    • Recycling and sustainable development are being proposed
  • 13. The need for more education continues Adults with a degree beyond high school 20.7% 23.3% 25.2% 28.1% 30.7% 1984 1987 1990 1995 2000
  • 14. PART B
    • DYNAMICS OF A BUSINESS THAT NEED TO BE CONSIDERED IN TODAYS SOCIETY
  • 15. Stakeholders: Those Who Stand to Lose or Gain
    • Customers want value
    • Employees want security
    • Investors want returns
    • Suppliers want to be paid
    • Dealers want support
    • Financial institutions want returns
    • Surrounding communities want “equity”
    • Governments want compliance
    • Environmentalists want change
  • 16. The Business Environment
    • The Legal and Regulatory Environment
    • The Economic Environment
    • The Technological Environment
    • The Competitive Environment
    • The Social Environment
    • The Global Environment
  • 17. Legal and Regulatory Environment
    • Freedom of ownership
    • Contract laws and regulations
    • Elimination of corruption
  • 18. Economic Environment
    • Economic indicators: consumer spending, employment levels and productivity.
    • Income, expenditures and resources that effect the cost of running a business.
    • Currency fluctuations that affect imports and exports.
    • Government regulations and business ownership.
  • 19. Technological Environment
    • Information, technology and productivity
    • Growth of E-commerce
    • Business-to-consumer (B2C)
    • Business-to-business (B2B)
    • Internet marketing
    • Databases
    • Identity theft
    • Personal Information Protection and Electronic Documents Act (PIPEDA)
  • 20. Competitive Environment
    • Components of competition
    • Competing by exceeding customer expectations
    • Competing by restructuring and empowerment
  • 21. Social Environment
    • Demographic changes:
      • Aging population
      • Managing diversity
      • Two-income families
      • Single parents
  • 22. Global Environment
    • Importance to all other environmental influences
    • Growth of international competition
    • Increase of free trade and trade agreements
    • Importance of innovation