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The Eighth Edition of this bestselling introductory text features a comprehensive, updated survey of all key business functions: management, marketing, accounting, finance, and information technology. Core topics highlighted within these functional areas include ethics and social responsibility, small business concerns, different forms of business ownership, and international business concepts. In light of current business conditions, this edition also addresses the nation\'s economic problems, corporate credibility and efforts to improve accounting standards, the dot-com meltdown, entrepreneurial businesses, diversity, globalization, e-business, and other timely issues. Likewise, the authors have integrated more information on employment trends to help students choose a career and compete in a fickle job market. Updated and enhanced coverage of e-Business--in boxed features, examples, illustrations, and discussions throughout the text--reflects this sector\'s growing importance. In addition, Navigating the World of E-Business (Chapter 4) has been completely revamped to cover key concepts, as well as the strategies and challenges facing current businesses. Pedagogical tools have also been revised, including all new Inside Business cases at the beginning of each chapter and closing Return to Inside Business features. These sections follow up on the opening case with additional information, posing questions that stress the practical application of chapter concepts. All boxed features that focus on real business or workplace issues have been replaced. These boxes cover major themes, including Adapting to Change, Talking Technology, Examining Ethics (with Issues to Consider that stimulate critical thinking and facilitate discussion), Going Global, and Exploring Business. Using the Internet boxes continue to point students to relevant web sites for more information on concepts, companies, or issues covered in each chapter--prompting them to conduct independent research. The Eighth Edition also features two new Spotlight features per chapter, illustrating facts with appealing and easy-to-understand visuals that help students to understand the material. Due to its loose-leaf format, this text sells for considerably less than standard hardcover books and also provides students with greater flexibility. They can insert their own notes or class handouts into any chapter, bring only the chapters they need to class, or organize the contents to follow their instructor\'s syllabus. The Study Guide is perforated and three-hole punched so that the materials can be easily integrated with the textbook. New! Building a Business Plan features now appear at the end of every Part, helping students to write their own business plans incrementally over the course of a semester or during class. Chapter 6 also includes revised coverage of business plans. New! Running a Business, an ongoing video case featured at the end of each Part, provides students with an insider\'s vantage point of Finagle-A-Bagel, a bagel bakery and caf. Through this firsthand look at one business\'s day-to-day operations, students gain a better understanding of the real challenges faced by entrepreneurs. Students can also practice applying what they have learned by analyzing the problems, solutions, and actions taken at Finagle-A-Bagel. New! All end-of-chapter videos are new and focus on companies such as Stonyfield Farm, New Belgium Brewing, Subway, Bay Partners, Remington, Wal-Mart, JetBlue, Financial Fusion, and Merrill Lynch Direct. These cases combine with three other video tools--one brief chapter overview and two key concept segments--for a total of 13 to 20 minutes of video per chapter. New! All photos and advertisements are new. As in past editions, captions clarify how these real-world visuals illustrate key concepts under review. New! The Business Bonus Pack: Your
Table of Contents
Note: Each chapter includes "Return to Inside Business," a Chapter Review, and "Building Skills for Career Success." I. The Environment of Business 1. Exploring the World of Business Inside Business: The Container Store: A Breed Apart from Ordinary Businesses Your Future in the Changing World of Business Business: A Definition Types of Economic Systems Measuring Economic Performance Types of Competition The Development of American Business The Challenges Ahead Adapting to Change: Keep Your Career Moving in the Right Direction Examining Ethics: Accounting Scandals: What Went Wrong Talking Technology: What B2B and B2C Really Mean Video Case: Stonyfield Farm\'s "Yogurt on a Mission" 2. Being Ethical and Socially Responsible Inside Business: Starbucks Serves Up Social Responsibility Business Ethics Defined Ethical Issues Factors Affecting Ethical Behavior Encouraging Ethical Behavior Social Responsibility The Evolution of Social Responsibility in Business Two Views of Social Responsibility Consumerism Employment Practices Concern for the Environment Implementing a Program of Social Responsibility Talking Technology: Do Privacy Policies Protect Internet Users? Going Global: MGM Mirage Bets on Global Internet Gambling Examining Ethics: Biking Video Game Wheels Out Controversy Video Case: Brewing Up Social Responsibility at New Belgium Brewing 3. Exploring Global Business Inside Business: Coca-Cola Thinks Small to Capture Global Markets The Basis for International Business Restrictions to International Business The Extent of International Business Methods of Entering International Business Sources of Export Assistance Financing International Business Adapting to Change: South African Airways Navigates Nontariff Barriers Going Global: Yu-Gi-Oh Moves Beyond Japan Examining Ethics: Getting China to Crack Down on Counterfeits Video Case: The Global Saga of Subway Running a Business Part I: The Rise of Finagle A Bagel Building a Business Plan Part I: What Does the Public Need? II. Trends in Business Today 4. Navigating the World of e-Business Inside Business: MSN: Gateway to the Internet Defining e-Business A Framework for Understanding e-Business Fundamental Models of e-Business Business-to-Business (B2B) Model Business-to-Consumer (B2C) Model Creating an e-Business Plan Social and Legal Concerns The Future of e-Business: Growth, Opportunities, and Challenges Talking Technology: Easy as Dell Adapting to Change: Behind the Scenes with Semtech Going Global: SAP: Thirty Years in the Business of e-Business Video Case: Absolute Quality Offers Multi-lingual Support and More 5. Choosing a Form of Business Ownership Inside Business: Procter & Gamble: A Company with a Rich History Sole Proprietorships Partnerships Corporations Other Types of Business Ownership Corporate Growth Examining Ethics: Two Companies That Give Something Back Going Global: The World According to Wal-Mart Exploring Business: Big Mergers: Fast Track to Investor Wealth? Video Case: Bay Partners Sticks to Venture Capital Basics 6. Small Business, Entrepreneurship, and Franchises Inside Business: Chris Madden Buil