Intro to Business

1. Intro to Business Unit Six Careers in Our Economy Career Exploration & Development

2. GOALS • Identifyindividual skills, abilities, aptitudes and relate them to potential career options. • Explore DOL’s 16 career clusters. • Brainstorm career descriptions prior to conducting formal research.

3. Skills/Abilities/Aptitude Tests • Self-assessment is a way to learn more about yourself: • what you like, • what you don't like, • and how you tend to reactto certain situations. • Learning about yourself is the first step in finding a good career fit.  • Assessments are tools to help you explore your skills, interests, values, or other traits. These traits are then matched to a broad list of careers.

4. Skills/Abilities/Aptitude Tests • Skills Profiler Test

5. Save Your Skills Profile for Future Assignments

6. 16 Career Clusters The production, processing, marketing, distribution, financing, and development of agricultural commodities and resources including food, fiber, wood products, natural resources, horticulture, and other plant and animal products/resources Careers in designing, planning, managing, building and maintaining the built environment. Designing, producing, exhibiting, performing, writing, and publishing multimedia content including visual & performing arts and design, journalism, and entertainment services. Business Management and Administration careers encompass planning, organizing, directing and evaluating business functions essential to efficient and productive business operations.  Business Management and Administration career opportunities are available in every sector of the economy.

7. 16 Career Clusters Planning, managing and providing education and training services, and related learning support services. Planning, services for financial and investment planning, banking, insurance, and business financial management. Executing governmental functions to include Governance; National Security; Foreign Service; Planning; Revenue and Taxation; Regulation; and Management and Administration at the local, state, and federal levels. Planning, managing, and providing therapeutic services, diagnostic services, health informatics, support services, and biotechnology research and development.

8. 16 Career Clusters Encompassing the management, marketing and operations of restaurants and other foodservices, lodging, attractions, recreation events and travel related services.  Preparing individuals for employment in career pathways that relate to families and human needs. Building Linkages in IT Occupations Framework: For Entry Level, Technical, and Professional Careers Related to the Design, Development, Support and Management of Hardware, Software, Multimedia, and Systems Integration Services. Planning, managing, and providing legal, public safety, protective services and homeland security, including professional and technical support services.

9. 16 Career Clusters Planning, managing and performing the processing of materials into intermediate or final products and related professional and technical support activities such as production planning and control, maintenance and manufacturing/process engineering.  Planning, managing, and performing marketing activities to reach organizational objectives. Planning, managing, and providing scientific research and professional and technical services (e.g., physical science, social science, engineering) including laboratory and testing services, and research and development services. Planning, management, and movement of people, materials, and goods by road, pipeline, air, rail and water and related professional and technical support services such as transportation infrastructure planning and management, logistics services, mobile equipment and facility maintenance.

10. 16 Career Clusters Future Resources Future Resources

11. Brainstorm ~ Essay, Poster, PPT • Cover the questions listed on the next slide in one of these 3 ways: • Essay: At least 2 paragraphs • Poster: Persuasive Advertisement for the Job • PPT: Minimum 6 slides including Title Slide Upload on Wikispace when Finished

12. Brainstorm ~ Essay, Poster, PPT What do you think are the answers to these questions based off your prior knowledge of the career??? • How does the occupation fit your skills & interests? • What will you be doing in the occupation? • What is the necessary education and/or training? • How many jobs are there in the occupation currently? • Is the occupation projected to grow, decline, or remain unchanged? Why is this? • How much does this occupation pay? • What do the top 10 percent earn? • The bottom 10 percent?

13. Intro to Business Unit Six Careers in Our Economy Chapter 18 Human Resources in Our Economy

14. GOALS • Explain why human resources are a vital economic force. • Identify types of industries and occupational groups in our work force. • Discuss factors that affect job opportunities and how the workplace is changing.

15. Types of Industries • Department of Labor • Bureau of Labor Statistics (BLS) publishes many useful materials about current and projected employment opportunities: • The Occupational Outlook Handbookhttp://www.bls.gov/ooh/ • Occupational Outlook Quarterlyhttp://www.bls.gov/ooq/home.htm • Two main types of industries: • Service Producing Industry • Goods Producing Industry

16. Service Producing Industry • Businesses that perform services that satisfy the needs of other businesses and consumers. • Personal and business services • Retail and wholesale trade • Finance, insurance, and real estate • Government • Transportation, communications, public utilities

17. Goods Producing Industry • Businesses that manufacture many kinds of products. • Construction • Manufacturing • Mining • Agriculture

18. Occupational Groups • White-Collar Worker • One whose work involves a great deal of contact with other people and the handling and processing of information. • Offices, stores, professionals, managerial, clerical • Blue-Collar Worker • One whose work primarily involves the operation of machinery and equipment • Factories, machinery shops, construction

19. Changing Job Opportunities • Consumers Preferences • Jobs are affected by derived demand • New products demanded makes old obsolete • New jobs created; old jobs eliminated • Economic Conditions • Businesses expanding = more jobs created • Consumer buying more = more jobs created • Workers earn more = spend more money • High prices = less demand/spending = less jobs • Interest rate up = less borrowed/spent = less jobs

20. Changing Job Opportunities • New Technology • Technology: automated machines, electronic equipment, integrated systems to help increase the efficiency of producing goods and services • Technology influences how workers perform their jobs. (Robots, Internet, Social Media, etc.) • Business Competition • Stay competitive, lower business costs • Install new equipment for efficiency • Downsize: planned reduction of # of workers(Amazon PrimeAir Drone Delivery – no delivery truck needed)

21. Changing Job Opportunities • Societal Factors • Population Age • Target markets change with age (Baby Boomers) • Immigrant workers • Often fill jobs that otherwise would go unfilled • Start businesses that would otherwise not be provided

22. Changing Workplace • Government changes through • Congressional legislation • Agency guidelines • Supreme Court decisions • Areas of Government Regulations • Human Resource Management • Equal Employment Opportunity (disabilities, retirees) • Job Safety & Employee Health

23. Changing Workplace • Work Force Diversity • Younger and older workers • Different cultures and heritages • Newer skills needed (newer technologies)

24. Intro to Business Unit Six Careers in Our Economy Chapter 19 Planning a Career

25. GOALS • Explaincareer planning and list sources of career information. • Discuss approaches that can be taken to learn about value and abilities. • Describe five steps to follow when making career decisions. • Identify sources for financing additional education.

26. Career Planning • Occupation: a task or series of tasks that is performed to provide a good or service • People hired to fill occupations and are paid for the work they perform. • Career: a goal in life that is fulfilled through an occupation or series of occupations

27. Career Planning • Career Planning: the process of studying careers, assessing yourself in terms of careers, and making decisions about a future career. • Making decisions about your interests • Investigating several occupations within career area • Duties performed, education/training needed, wages paid

28. Information Sources Career Planning • GovernmentResources • Occupational Outlook Handbook • Includes job duties, working conditions, education or training required, advancement possibilities, earnings • Magazines • Career World • Encyclopedia of Careers & Vocational Guidance • Organizations • Insurance Information Institute • High school or College/University Career Centers • Newspaper – want ads

29. Career ~ Your Values • Values: the things that are important to you in life. Prestige ● Money ● Power ● Achievement Independence ● Leadership ● Security ● Belonging • Is it important to me to earn a lot of money? • Am I interested in work that provides a service to others? • Is it important to me that other people think I’m important? • Do I want to be challenged at work or need more training? • Would I be willing to start at a low salary if I can advance?

30. Career ~ Your Values Your Character & Values • What would you be if someone gave you a large sum of money? • Start your own business? • Travel the world? • Develop a foundation to support underprivileged kids? • Help build up a run-down neighborhood? • Buy yourself a huge wardrobe and/or fancy car? • Pay for an expensive education?

31. Career ~ Your Talents & Abilities • Talent: natural, inborn aptitude to do certain things. “Natural Talent” • Abilities: the quality of being able to perform a mental or physical task. • Your talents and abilities, along with your career goals and interests are important in career planning.

32. Career ~ Your Talents & Abilities • Think about your education: • What kind of courses have you taken? • Which courses did you do your best work? • Which courses were easiest for you? • Which courses were most difficult for you? • Which do you like best? • Abilities can be developed • Strengthen your weaknesses

33. Making Career Decisions • Gather as much information as you can. • Analyze what you have learned about careers and about yourself. • Think about different plans of action and what might happen if you follow each one. • Select what seems to be the best plan of action and follow it. • Evaluate your career decision from time to time.

34. Financing Education • Consider the cost for education an investment that will help you earn higher wages in the future. • Financial Aid Programs • Scholarships • Student loans • Work-study programs

35. Intro to Business Unit Six Careers in Our Economy Chapter 20 Succeeding in the World of Work

36. GOALS • Discuss how to compose a letter of application and personal data sheet, and how to fill out employment applications forms. • Describe how pre-employment tests are used by employers. • Explain how to prepare a good interview. • Identify quantities that lead to success on the job.

37. Applying for a Job • Letter of Application • Sales letter about an applicant written for the purpose of getting a personal interview • Business-like letter that focuses on interest in and qualifications for the position • A.K.A. - Letter of Interest • “Sales Letter” meaning:~ get employers attention~ desire to meet you (applicant)~ invite you for an interview

38. Applying for a Job Page 268 • Letter of Application • Neat, Courteous, To The Point • Carelessness could cost you an interview opportunity • Your letter represent YOU! • How will you stand out from the other applicants?

39. Applying for a Job Page 269 • Personal Data Sheet (Resume) • Summary of important job-related information about yourself • Education • Work Experience • Personal References • Personal References: • People who can give a report about your character, your education, and your work habits • Teachers, religious leaders, adults, former employers

40. Applying for a Job Page 270 • Employment Applications • Document used by employers that asks for information related to employment. • Standard Info (Part of Permanent File) • Name, Address, Social Security #, Education, Work Experience, Qualifications, Applying Position • Resume info can be used to fill out form • First task employer asks you to do • Application represents you as worker

41. Pre-Employment Test • Screen applicants for skills & abilities • Compare applicants on same basis • Evaluate individuals’ abilities • Ability Tests:measure how well a job applicant can perform certain job tasks. • Keyboarding tests • Word Processing tests • Calculating tests • Writing Skills tests

42. Interviewing • Position Interview • Two-way conversation in which: • the interviewer learns about you and • you learn about the position and the company. • Things interviewer look for: • Appearance • Manners • Use of language • General suitability for position

43. Interviewing Tips • Be on time! (Early, just in case) • Go alone (don’t take friends or family) • Dress Appropriately (present yourself) • Firm Hand Shake, Shows Confidence • Try to be Calm (avoid excessive talking) • Use good Eye Contact • Answer Questions Intelligently and Completely • Thank the interviewer for the opportunity • Send a brief “Thank You” letter to interviewer • Be Patient afterwards (it may take time to decide)

44. Sample Interview Questions • Why should we hire you for this position? • What are some of the activities you like to do in your spare time? • What courses have you taken that will help you with this particular position/job? • What are you career goals? • Do you plan to continue your education now or in the future? • Do you have any friends or family that work here? • What are your major strengths? Major weaknesses?

45. Qualities of Success on a Job • Ask Questions • Avoid Complaining • Honor Break Times • Be Attentive of Appearance • Be On Time • Be Friendly with Everyone • Do Good Work and Do It On Time • Follow the Rules

46. Intro to Business Unit Six Careers in Our Economy Chapter 21 Opportunities in Small Business

47. GOALS • Define a small business. • Identify reasons why small businesses fail. • Describe several sources of help for small business owners. • List characteristics of successful small business owners.

48. Small Businesses Books idea of a small business: • Usually has the owner as the manager • Is not dominant in its field of operation • Employs fewer than 500 employees • Usually is local, serving the nearby community • Most start as sole-proprietorships • Some start as Franchise agreements

49. Small Business Problems • Bankruptcy • A situation in which a business does not have enough money to pay its creditors even after selling equipment and other capital resources. • Creditor • Person or business that is owed money. • Closing • A situation in which business discontinued with loss to at least one creditor

50. Small Business Problems • Reasons for Failure: • Not keeping adequate records • Not having enough start-up money (capital) • Lack of sales and management experience • Lack of experience in business • Not controlling operating expenses • Poor location for the business • Failure to manage payments due from customers