Understanding business 8th by mcchugh nickels chapter 01

• From October 2004 to September 2005, top bottle water flavors were: Blend, Lemon, Lime, and Apple Consumer Trends Source: Business & Economic Review, Jan.-Mar.. 2002; Beverage Marketin

Taking Risks and Making

Profits

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Mid $20 range Mid $70 range

• Russia, Venezuela, and Bolivia have

asserted greater state control over its oil

or natural gas assets

• Which country will be next?

information was misused:

1 Credit card fraud

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* ID Theft—Protective Steps

• “Focus on the cheap and easy way

to keep an eye on your accounts”

• Free Credit Reports

• Guard Your Number

• Shred

• Bug Congress

 To pass ultimate protection: A credit freeze anytime you want one

• From October 2004 to September

2005, top bottle water flavors were:

Blend, Lemon, Lime, and Apple

Consumer Trends

Source: Business & Economic Review, Jan.-Mar 2002; Beverage Marketing Corporation, bottledwater.org, 2004 stats;

Productscan Online; datamonitor.com, November 9, 2005

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Diverse Groups

Sources: National Organization on Disability Employability; U.S Pan Asian American Chamber of Commerce; DiversityInc.com; U.S Census Bureau; The Augusta Chronicle,

October 22, 2005; Selig Center for Economic Growth, 2005

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21 st Century Diversity Issues

• Race

• Gender

• Ethnicity

• Disability

• Age

• Language

• Religion

• Sexual Sexual

Source: U.S Equal Employment Opportunity Commission

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• In 2005, roughly 35 million immigrants

lived in the U.S as compared to less

than 25 million 10 years ago.

• According to a November 2005 poll,

60 percent of Americans favor a

barrier built along the US-Mexico

Border.

• About 49 percent believe that a child

born to an illegal alien in the U.S

should be granted a US citizenship

Source: Center for Immigration Studies; RasmussenReports.com

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Source: USA Today

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• U.S life expectancy rises to a

record high 77.9 years

• The number of deaths dropped

by 50,000 in 2004 from 2003,

the steepest decline since 1938

• By 2005, about one in eight

Americans will be 65 or older

By 2025, it will be nearly one in

five.

Source: Investor’s Business Daily, December 8, 2003; Cumberland Times-News, April 20, 2006; U.S Centers for Disease

Control and Prevention; U.S Census

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Exurbs:

Growth of Outer Suburbs

• Northeasterners are moving south and

west, and west coast residents are

moving inland.

• The states that gained the most

residents: Florida, Arizona, Nevada

• The states that lost the most residents:

New York, California, Illinois

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Hurricane Katrina – 2005 (estimate)$ 200 B

Kobe, Japan Earthquake 1995 100 B

September 11, 2001 Attacks 70 B

Northridge, CA Earthquake – 1994 44 B

The Economic Cost of Disaster

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19%

Does Global Experience

Help Your Career?

Unnecessary

No Response

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Evolution of American Business

• Agricultural/Manufacturing

• Service Industries

• Future???

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Leveraging Diverse Workforce

• According to the Society for Human

Resources’ survey, about 70 percent of the

respondents actively leverage workforce

diversity through:

• Ensuring leadership development programs reach all employees (40%)

• Meeting the needs of diverse customers (39%)

• Integrating diversity into the organization’s business strategy (35%)

• Increasing innovation by tapping

employees of all backgrounds (34%)

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Source: Hudson Institute as reported in Arnold Packer, “Retooling the American Worker,” Washington Post

Average Skill Level: 3.6

2%

58%

40%

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Average Skill Level: 2.6

6.8%

70.5%

6.6%

16.1%