IM1215

This course is an introductory study to understand the primary functions of a business, the relationship between risk and profits as well as the importance of not-for-profit organizations. The major components of the business environment and how changing economic, demographic, social, political, legal and competitive factors affect all business organizations will be studied. We will explore the key trends in the business environment and the need for organizations to be cognizant of the trends and adapt to change will be emphasized. Particular attention will be paid to the areas of human resources management in a diverse, multicultural world as well as the role of technology and innovation in modern business enterprises. The course will also cover the basic principles of entrepreneurship and ethical decision-making. A key take away from this class is the application of business theories to modern challenges facing an organization, using specific cases and practical examples.