Class Prep & Learning Objectives (8/24)
Introduction
The nature of business involves taking risks in the pursuit of profit. Even non-profit entities face considerable risk. An understanding of the business environment is crucial to sensible risk-taking and being successful in a highly competitive world.
Learning Objectives
Upon completing the learning activities associated with this lesson, class participants should be able to:
- Describe the concept of stakeholders and identify the stakeholder groups relevant to an organization
- Discuss and be able to apply the macro-business-environment model to an industry or emerging technology
- Explain other key terms related to this chapter including: entrepreneur; profit; revenue.
Preparation for Class
To complete this lesson, you will need to do the following activities:
- Review the Learning Objectives
- Read Chapter 2 from the Press Books site