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RSM100 An Introduction to business and management course outline. Professors: John oesch, michael khan, Sadaf Sheikh Rotman school, university of toronto. Introductions and expectations, writing component, Exams and Standard operating procedures.
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Introduction to Commerce slides 3 for blackboard.pdf
RSM100 An Introduction to business and management course outline. Professors: John oesch, michael khan, Sadaf Sheikh Rotman school, university of toronto. Introductions and expectations, writing component, Exams and Standard operating procedures.
RSM100 An Introduction to business and management course outline. Professors: John oesch, michael khan, Sadaf Sheikh Rotman school, university of toronto. Introductions and expectations, writing component, Exams and Standard operating procedures.
Management John M. Oesch Rotman School, University of Toronto Agenda for today 1. Course overview 2. Introductions and expectations 3. Writing component 4. Exams 5. Standard operating procedures 6. What Adam Smith said Overview of RSM100 Introduction to Commerce Business History Model-Based Problem Solving Business and Society Business Communication Business Ethics Strategic HRM (Managers, Leaders, Teams and the organization) Overview for term 2 Marketing Accounting Strategy and Business Operations Finance Business Law Information Technology International Business Introductions and Expectations 1. classroom function 2. textbook 3. instructors 4. TAs 5. research requirement 6. writing component 7. exam dates: December and April Classroom function Do your best to be on time; We will start at 2:10 sharp every day (finish at 3:55) A 5-7min break at approx 1 hour Please keep electronics on topic We are all adults here Textbook Contemporary Business (1 st Canadian Edition) Boone, Kurtz, Khan & Canzer, ISBN: 9781118498637 Includes Wiley plus online supplement We will make extensive use of this text The text will be the anchor document for the December exam and final exam Instructors Professors: John Oesch, Michael Khan Teaching Assistant(s): Sadaf Sheikh and team Research Requirement Research requirement: 2% Participation in Rotman research helps us all how? Dr. Robert Latimer has details Writing Component We listen to our stakeholders! Two steps: 1. Complete the MyWritingLab sequence 2. Submit a short paper (details to follow) Examinations Practice Midterm: Oct 21 0% Midterm: December exam period 38% Final exam: April exam period 50% Exams will be multiple choice, short answer The final exam will NOT be cumulative Standard Operating Procedures 1. Use the portal I will post assignment sheets and supplemental readings (if required) Check for announcements Slides may be posted after class TAs can also post on portal 2. Be prepared for class This applies to instructor and to students Standard Operating Procedures 3. We will use Top Hat classroom software 3. Office hours both regular (TA) and with appointment (John) to ask RSM100 content questions Who to ask Before you ask, read the course outline, ask around, look it up! If you need to ask Academic questions about RSM100: TA Academic questions about Commerce: Rob Michaud in Commerce Office Administrative questions: Rotman Commerce Specific content questions: TA, instructor(s) Introduction to Commerce Adam Smith, The Wealth of Nations (1776) Foundation document for capitalism, free enterprise, free trade, wealth creation Capitalism: a legal system that safeguards private property and permits free trade in competitive markets; production and consumption are not controlled Introduction to Commerce What Adam Smith said: Free enterprise will maximize productivity because the invisible hand of self- interest motivates individuals to work hard The rich may get richer, but the poor will also be better off as economies grow Unrestrained capitalism would result in concentrations of wealth and power Introduction to Commerce What Adam Smith said: Government must regulate capitalists so that the rich and powerful cannot affect political and social policy for their own gain Eg. Savings and Loan debacle (1980s) How does government regulate us? Introduction to Commerce What Adam Smith said: The wealth of a nation depends on its ability to trade freely with other nations Specialization increases productivity Eg. Canada should not manufacture televisions Introduction to Commerce What Adam Smith said: Free enterprise gives us reason to be optimistic; individuals will improve their own well-being if given the opportunity Why would anyone want to work a really, really dirty job? Introduction to Commerce What Adam Smith did not say: Laissez-faire capitalism is the best way to maximize productivity and wealth creation Eg. Sub-prime mortgage meltdown (2008) For next week... Again READ THE COURSE OUTLINE Start working on Chapters 1-6 these will also apply to our Business in Society, Business Ethics section as well Check the portal for the preparation sheets Thank You