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Contents
  1. Dedication

  2. Acknowledgements

  3. Instructor Resources - Request Password

  4. 1: Foundations of Business
    1. Introducing the World of Business

    2. Getting Down to Business

    3. Functional Areas of Business

    4. External Forces that Influence Business Activities

    5. Working in Teams

  5. 2: Ethics and Social Responsibility
    1. Canada's Leaders Passing or Failing the "Smell Test"

    2. What is Business Ethics?

    3. Identifying Ethical Issues and Dilemmas

    4. Corporate Social Responsibility

    5. Carroll’s Corporate Social Responsibility Pyramid

    6. Ethical Organizations

    7. The Individual Approach to Ethics

  6. 3: Business in a Global Environment
    1. The Globalization of Business

    2. Opportunities in International Business

    3. The Global Business Environment

    4. Reducing International Trade Barriers

    5. Trade Controls

  7. 4: Forms of Business Ownership
    1. Two Ex-Hippies Choose Their Form

    2. The Canadian Landscape

    3. Factors to Consider When Starting a New Business

    4. Other Types of Business Ownership

    5. Mergers and Acquisitions

  8. 5: Entrepreneurship: Starting a Business
    1. Arts and Crafts for Adults: Collective Beer

    2. The Nature of Entrepreneurship

    3. The Importance of Small Business to the Canadian Economy

    4. Why Some Businesses Fail and Where to Get Help

    5. What Industries Are Small Businesses In?

    6. Advantages and Disadvantages of Business Ownership

  9. 6: Management and Leadership
    1. The Management Process

    2. The Management Process: Planning

    3. The Management Process: Leading

    4. The Management Process: Controlling

    5. The Balanced Scorecard

    6. Managerial Skills

    7. Applying Your Skills

  10. 7: Structuring Organizations
    1. The Management Process: Organizing

    2. Organizational Structure

    3. The Organization Chart

  11. 8: Operations Management
    1. Graphical Tools: Gantt and PERT Charts

    2. The Technology of Goods Production

    3. The Challenge: Producing Quality Jetboards

    4. Managing the Production Process in a Manufacturing Company

    5. Operations Management in Manufacturing

    6. Operations Management for Service Providers

    7. Quality Management

  12. 9: Managing Human Resources
    1. Human Resource Management

    2. Developing Employees

    3. What Makes a Great Place to Work?

    4. Compensation and Benefits

    5. Performance Appraisal

    6. The Grounds of a Great Work Environment

  13. Version History

  14. Glossary

NSCC Fundamentals of Business

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Acknowledgements

Nova Scotia Community College — 2021, updated for fall 2023.

Cover image: Business People by Gerd Altman [Pixabay free image]

This text was first adopted at Nova Scotia Community College (NSCC) in 2020 and was subsequently enhanced and improved in 2021 with support from the NSCC School of Business and Creative Industries faculty along with NSCC students funded through grants from Atlantic OER (Council of Atlantic University Libraries) and the NSCC Foundation.

The content was restructured to align with course outcomes specific to the course Principles of Business (BUSI 1020).  The text was also integrated into a Learning Management System with customized PowerPoints and Quizzes – a Brightspace shell.

Faculty team members for the 2021 revision project included: Neil Cody, Jules Fauteux, Melanie Grant, Mike Kelly, Phyllis Leblanc, Luella Legge, Erin Lewis, Rankin MacMaster, Shelley Meldrum, Adam Rumsey, and Ron Robichaud.

Student team members for the 2021 revision project included: Hadley Brooks-Joiner, and Kimia Ghasemi.

Team members from the 2020 adoption included: Neil Cody, Jules Fauteux, and Dave Maguire.

Special thanks to Lynn MacGregor for her dedication and support as a foundational OER champion at NSCC.

eCampusOntario (2018)

On the first weekend in March 2018, Program Managers from eCampusOntario gathered with Business faculty from Ontario colleges to adapt existing Business resources in openlibrary.ecampusontario.ca for use in foundations of business courses. Two teams worked to update and align the existing open resources to Ontario college introductory business outcomes and objectives.  College faculty worked their way through the text offering suggestions for updates and highlighted spots where interactivities would assist comprehension. College faculty also began to create helpful supplementary materials to aid adoption and use of the text in Ontario college classrooms – physical or virtual. These included: diagnostic quizzes for each chapter; PowerPoint slides for each chapter, and a quiz bank to assess end-of-chapter understanding.

From there, eCampusOntario Program Managers along with Matt Hutchinson sourced Canadian statistics and examples. Program Managers built interactivities using H5P and other, open educational technologies to engage students and solidify understanding. They edited the figures, charts, and text and cited sources using proper MLA citation style.

Team members included:  Nitsa Andres, Fanshawe College, Matt Hutchinson, Lambton College, Jim Johnston, Fanshawe College, Anela Tomac, Conestoga College, Joanne Kehoe, eCampusOntario, Peggy French, eCampusOntario. Gratitude to Luke Wilson for editing the final draft and adding his expertise to the content.

eCampusOntario is a not-for-profit corporation funded by the Government of Ontario. It serves as a centre of excellence in online and technology-enabled learning for all publicly funded colleges and universities in Ontario and has embarked on a bold mission to widen access to post-secondary education and training in Ontario. This textbook is part of eCampusOntario’s open textbook library, which provides free learning resources in a wide range of subject areas. These open textbooks can be assigned by instructors for their classes and can be downloaded by learners to electronic devices or printed. These free and open educational resources are customizable to meet a wide range of learning needs, and we invite instructors to review and adopt the resources for use in their courses.

Virginia Tech (2016)

Fundamentals of Business (2016) was 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, MGT 1104 Foundations of Business.
This work was a project of University Libraries and the Pamplin College of Business, Virginia Tech.
Lead Author: Stephen J. Skripak
Contributors: Richard Parsons, Anastasia Cortes, Anita Walz
Layout: Anastasia Cortes
Selected graphics: Brian Craig http://bcraigdesign.com
Cover design: Trevor Finney
Student Reviewers: Jonathan De Pena, Nina Lindsay, Sachi Soni
Project Manager: Anita Walz
Content in the Preface, Chapters 1-14 and 16-17 was adapted from the Saylor Foundation’s http://www.saylor.org/site/textbooks/Exploring%20Business.docx by Virginia Tech under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License. The Saylor Foundation previously adapted this work under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work’s original creator or licensee

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NSCC Fundamentals of Business Copyright © 2021 NSCC Edition by NSCC, Pamplin College of Business and Virgina Tech Libraries is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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