Learning Resources, Department of Management
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- Class Slides for Fundamentals of Business fourth editionPoff, Ron (2023)Class slides for Fundamentals of Business, fourth edition (2023) are freely-available, screen-reader friendly, openly-licensed, and editable. The slides align with the freely-available open textbook, Fundamentals of Business, fourth edition, which was designed for use in Virginia Tech’s Pamplin College of Business introductory level business course, MGT1104 Foundations of Business. The collection includes chapter-level .ppt slides for chapters 1 - 8 and 10. The remaining chapter slidedecks will be added as they become available. The open textbook, Fundamentals of Business, fourth edition, is freely available in PDF, ePub, Pressbooks, and other formats at https://doi.org/10.21061/fundamentalsofbusiness4e An online, interactive, accessible version of this book is available at: https://pressbooks.lib.vt.edu/fundamentalsofbusiness4e. About the license Unless otherwise noted, the book, slides, and contents therein are licensed with a Creative Commons Attribution NonCommercial ShareAlike (CC BY NC-SA) 4.0 license (human readable version) | legal code, which allows anyone to remix, tweak, and build upon the work for uses which are primarily non-commercial. New works must acknowledge the original work and be non-commercial. Derivative versions must be licensed under the same CC BY-NC-SA 4.0 license. See Creative Commons' Best Practices for Attribution for further information. Help us! If you are an instructor reviewing, adopting, or adapting this textbook and/or slides, please help us understand your use by filling out this form http://bit.ly/business-interest How to adapt and share the slides Instructors are encouraged to customize the slide deck by adding their own content and examples. According to the Creative Commons BY NC SA license, customized and shared versions of the slides must: - Retain the original copyright statement - Be released under the Creative Commons Attribution NonCommercial-ShareAlike (CC BY NC SA) 4.0 license - Include a link to the original slide deck source: http://hdl.handle.net/10919/105157 - Include brief statement regarding whether or not changes were made - List the name of the adapter Find, adapt, and share resources Instructors are encouraged to share their versions and other resources created for this content area via the Instructor Resource Portal in OER Commons. Errata and error reporting http://bit.ly/business-feedback Accessibility Virginia Tech is committed to making its publications accessible in accordance with the Americans with Disabilities Act of 1990. All figures within the slides have alternative text. Contributors Slide creation: Ron Poff Accessibility: Heather Blicher Figure design: Kindred Grey Project management: Anita Walz
- Strategic ManagementKennedy, Reed; Jamison, Eli; Simpson, Joseph; Kumar, Pankaj; Kemp, Ayenda; Awate, Kiran; Manning, Kathleen (Pamplin College of Business in association with Virginia Tech Publishing, 2020-08)
Strategic Management (2020) is a 343-page open educational resource designed as an introduction to the key topics and themes of strategic management. The open textbook is intended for a senior capstone course in an undergraduate business program and suitable for a wide range of undergraduate business students including those majoring in marketing, management, business administration, accounting, finance, real estate, business information technology, and hospitality and tourism. The text presents examples of familiar companies and personalities to illustrate the different strategies used by today’s firms and how they go about implementing those strategies. It includes case studies, end of section key takeaways, exercises, and links to external videos, and an end-of-book glossary. The text is ideal for courses which focus on how organizations operate at the strategic level to be successful. Students will learn how to conduct case analyses, measure organizational performance, and conduct external and internal analyses. If you are an instructor reviewing, adopting, or adapting this textbook, please help us understand your use by filling out this form http://bit.ly/strategy-interest. How to access this book
This text is available in multiple formats including PDF, a low-resolution PDF which is faster to download, Open Document Format (ODT), and ePub found on the left side of your screen. It is also available online in Pressbooks at https://pressbooks.lib.vt.edu/strategicmanagement. Softcover print versions are available at the manufacturer's lowest price in color interior or black & white interior. The main landing page for this book is: https://doi.org/10.21061/strategicmanagement. Attribution
This textbook was adapted for use in Virginia Tech’s Pamplin College of Business capstone course, MGT 4394 Strategic Management, and is shared under a Creative Commons Attribution Non-Commercial ShareAlike 3.0 license. It is adapted without attribution to the original 2010 author or publisher at their request. It is adapted from Mastering Strategic Management which was published by the University of Minnesota Publishing in 2015 as an adaptation of the 2010 version. University of Minnesota Publishing reformatted the original text, and replaced some images and figures to make the resulting whole more shareable but did not otherwise significantly alter or update the original 2010 text. Instructor ancillaries
Powerpoint slides are available at http://hdl.handle.net/10919/102735. A test bank only for instructors is also available at http://hdl.handle.net/10919/104179. Find, adapt and share resources
Instructor Resource Portal in OER Commons Errata and error reporting
Errata
Report an Error Table of contents
Chapter 1: Mastering Strategy: Art and Science
Chapter 2: Assessing Organizational Performance
Chapter 3: Evaluating the External Environment
Chapter 4: Evaluating the Internal Environment
Chapter 5: Synthesis of Strategic Issues and Analysis
Chapter 6: Selecting Business-Level Strategies
Chapter 7: Innovation Strategies
Chapter 8: Selecting Corporate-Level Strategies
Chapter 9: Competing in International Markets
Chapter 10: Executing Strategy through Organizational Design
Chapter 11: Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social Responsibility
About the Author / Editorial and Production Teams
Version Notes
Glossary This work is published by Virginia Tech’s Pamplin College of Business in association with Virginia Tech Publishing. Suggested citation
Kennedy, Reed. (2020) Strategic Management. Blacksburg, VA: Virginia Tech Publishing. https://doi.org/10.21061/strategicmanagement CC BY NC-SA 3.0 Contributors
About the previous author
The publisher of the 2010 version of this book requested that they and the original author not receive attribution.
This Version
Primary contributor: Reed B. Kennedy
Reviewers / contributors: Eli Jamison, Joseph Simpson, Pankaj Kumar, Ayenda Kemp, Kiran Awate, and Kathleen Manning
Cover design, illustration, and alternative text; student reviewer: Kindred Grey
Research and editorial assistant; student reviewer: Kathleen Manning
Managing editor: Anita Walz
Production editor: Robert Browder
Copyeditors: Grace Baggett, Lauren Holt DOI: https://doi.org/10.21061/strategicmanagement
ISBN 978-1-949373-94-3 (print-color)
ISBN 978-1-949373-89-9 (print-black & white)
ISBN 978-1-949373-96-7 (ebook-PDF)
ISBN 978-1-949373-95-0 (ebook-Pressbooks) https://pressbooks.lib.vt.edu/strategicmanagement Accessibility
Virginia Tech Publishing is committed to making its publications accessible in accordance with the Americans with Disabilities Act of 1990. The HTML and screen reader–friendly PDF versions of this book utilize header structures and include alternative text which allow for machine-readability. - Testbank for Fundamentals of BusinessBamgarner, Sarah; Cortes, Anastasia; Futyma, Frank; Goodwin, Thomas; Hertweck, Bryan; Manfred, Michelle; Poff, Ron; Tuttle, Mallory; Watters, Sheila; Walz, Anita R. (2019-01)
About the test bank
The test bank includes 377 peer-reviewed, multiple-choice questions which correspond to topics taught in introductory-level business open textbook, Fundamentals of Business (2018) and (2020) which are freely available. Between 11-29 multiple-choice items are available for each of the following topics: Teamwork in Business, Foundations of Business, Economics and Business, Ethics and Social Responsibility, Business in a Global Environment, Forms of Business Ownership, Entrepreneurship: Starting a Business, Management and Leadership, Structuring Organizations, Operations Management, Motivating Employees, Managing Human Resources, Union/Management Issues, Marketing: Providing Value to Customers, Pricing Strategy, Hospitality and Tourism, Accounting and Financial Information, and Personal Finances. Requirements for test bank access
The test bank is available to any instructor who has adopted Fundamentals of Business in their course. It is NOT available to students for self-study nor is it available for research purposes. Please complete steps 1-3 below. STEP 0 (optional): View and test the "sample" files in the left hand column to determine which format works best for you. Additional information about each format type is available below under the formats section.
STEP 1 (required): Indicate requested files by clicking on any of the test bank files on the left (marked "permission required") add a note and press submit to request access.
STEP 2 (required): Email a copy of your course syllabus to openeducation@vt.edu
STEP 3 (required): Complete and submit the User Verification Process Form linked here. You will receive a copy of your request via email. Requested files will be released via email when steps two through four have been completed and reviewed. Note that access approvals are processed only during regular business hours. PLEASE NOTE that some campus emails block messages with zip files (which is the format of the test bank.) If you know your campus email does this, please indicate this and include an alternate email when you request the test bank. If you have submitted all required documentation and not heard anything after 3-5 business days, please contact openeducation@vt.edu as our email to you may have been blocked. Sample questions
Sample questions are available for those who wish to test various formats and assess the suitability of the test bank as part of their course material adoption decision-making process. Sample questions are provided in the same formats (XLS, Canvas IMS QTI 1.1.3, XML QTI, and Blackboard formats) as the permission-only test bank files. Sample questions have been removed from the electronically secure test bank. Formats
The test bank and portions thereof are available in multiple formats. Links to external sites regarding uploading different types of QTI files are here: Canvas | Blackboard or on the help pages for your respective learning management system by searching for "QTI". Files marked "IMS QTI 1.1.3" and have been tested to successfully import into Canvas but may work with other LMS/VLE systems. Please use the sample files to determine if one of the export formats will work for your specific situation. Please note that we are unable to provide additional file types, support for uploading, or assistance with reformatting files. Please contact your local learning management system (LMS) manager for additional support. 1. XLS (377 items): - Question and up to four multiple choice answers with the answer marked, - Question numbers, and - Chapter name, question type (factual or applied/conceptual), and level of difficulty information (Levels 1-3, with 1 being the easiest and 3 being the most difficult) are included on the item level. 2. Canvas IMS QTI 1.1.3 (377 items or 18 chapter-by chapters files containing 377 items): - Question and up to four multiple choice answers with the answer marked, - Question numbers, and - Chapter name, question type, and level of difficulty information are NOT included on the item level. 3. XML QTI (individual chapter-level test banks - 18 zip files): - Question and up to four multiple choice answers with the answer marked, - Question numbers, and - Chapter name, question type, and level of difficulty information are NOT included on the item level. 4. Blackboard (377 items or 18 chapter-by-chapter files containing 377 items): - Question and up to four multiple choice answers with the answer marked, - Question numbers, and - Chapter name, question type, and level of difficulty information are NOT included on the item level. Terms of use
Test bank questions and answers are the Copyrighted property of their creators.
Verified users are responsible for secure handling of the test bank. While every effort is given to ensure security of test bank questions or answers and release only to verified users, no warranties are given regarding the security of the test bank. Virginia Tech and the test bank authors can authorize and require, but cannot control what you or any other verified user does.
Privileges and responsibilities of verified users
Verified users may: - reproduce, - modify, and - redistribute
test bank questions and answers in the context of educational exams, quizzes, and assessments only.
Verified users must: - take reasonable measures to prevent students from duplicating and redistributing questions and answers
Verified users must not: - share test bank questions and answers beyond the institution with which the verified user reported an affiliation; - give exams back to students to keep or otherwise distribute; - release the test bank or answers to students as a self study-tool; - publicly post any portions of the test bank; - allow students to retain permanent or long-term access to exam materials.
Test bank access is limited to only those instructors who intend to use Fundamentals of Business in their course. In order to be verified, an instructor must: - Agree to the Terms of Use - Submit a copy of their course syllabus to openeducation@vt.edu (you retain all rights) - Confirm intent to adopt Fundamentals of Business for their course - Use an .edu address and provide verifiable information of their status as a business instructor
To be verified or to provide alternate credentials, please follow the "instructions for test bank access" above. Contact us
Errata | Report an error or omission Distribution
The information in the test bank is of a proprietary nature, produced by or for faculty of public institutions of higher education as a result of collaborative study, research, and peer review. Because it is intended to be used in student assessment the information has not been publicly released or published. If you become aware of public distribution of the test bank or portions thereof shared outside of a secure electronic environment, assessment context, or other security breach please inform us at: openeducation@vt.edu. Liability
The test bank and test bank items are provided "as is." Users of this resource assume all risks and further agree to hold Virginia Tech, the Commonwealth of Virginia and their employees and agents, and project contributors harmless from any and all actions related to use of this program. - A Testbank Sprint for Fundamentals of BusinessWalz, Anita R. (2019-06-28)During two days in January 2019, nine business faculty from seven institutions and three states (VA, NC, OH) worked together to develop a testbank for the open textbook, Fundamentals of Business. This library-planned and facilitated work sprint was designed as a productive, capacity-building, and network-enriching event for college and university instructors who use the open textbook Fundamentals of Business in introductory-level business courses. It was also held to explore and build capacity among librarians regarding the use of work sprint methods as a method for creation of scholarly works, encouraging multi-institutional collaboration, and creating opportunities for in-situ faculty (and librarian) development. This seven-minute lightning talk presents the rationale, planning process, collaborative model, schedule, resources used, and outcomes of the testbank sprint. The test bank for Fundamentals of Business is available by request at: http://hdl.handle.net/10919/93404. Note: Fundamentals of Business is an open educational resource (OER) freely available at: http://hdl.handle.net/10919/84848 (2018) and http://hdl.handle.net/10919/70961 (2016). Editable formats are also available. Instructors reviewing, adopting, or adapting the text should indicate their interest at: http://bit.ly/business-interest.
- The PESTEL ModelDuong, Alyssa (2019-02-16)This video was created by Alyssa Duong for the Pamplin College of Business 2018 "Fundamentals of Business" video contest. It covers the sectors that make of the six macro environmental influences within the PESTEL model. Viewers can expect to learn what these macro environmental influences consist of and encompass by watching the video. The video was designed for student use in with the open textbook, "Fundamentals of Business," which can be found at: http://hdl.handle.net/10919/84848
- Fundamentals of Business, Second EditionSkripak, Stephen J.; Cortes, Anastasia; Walz, Anita R.; Parsons, Richard; Walton, Gary (VT Publishing, 2018-08-31)
Fundamentals of Business, Second Edition (2018) is an 372-page open education resource intended to serve as a no-cost, faculty customizable primary text for one-semester undergraduate introductory business courses. It covers the following topics in business: Teamwork; economics; ethics; entrepreneurship; business ownership, management, and leadership; organizational structures and operations management; human resources and motivating employees; managing in labor union contexts; marketing and pricing strategy; hospitality and tourism, accounting and finance, and personal finances. The textbook was designed for use in Virginia Tech’s Pamplin College of Business introductory level business course, MGT1104 Foundations of Business and is shared under a Creative Commons Non-Commercial ShareAlike 4.0 license. NOTE: A third edition of this book was released in 2020. See http://hdl.handle.net/10919/99283 for more details and to freely access the third edition. If you are an instructor reviewing, adopting, or adapting this textbook, please help us understand your use by filling out this form http://bit.ly/business-interest. If you are an instructor seeking supplementary resources for teaching, please join the listserv for this book and the resource sharing portal. A testbank is now available by request for this book. The testbank is available to any instructor who has adopted Fundamentals of Business in their course. Permanent handle: http://hdl.handle.net/10919/84848 (PDF, epub, and other versions)
DOI: https://doi.org/10.21061/fundamentals-of-business-vtechworks (PDF, epub, and other versions)
Online book: https://oen.pressbooks.pub/fundamentalsofbusiness (eBook-Pressbooks)
ISBN (print-color): 9780997920178 Available on Amazon
ISBN (print-black & white): 9781949373981 Available on Amazon
ISBN (ebook-PDF): 9781949373905
ISBN (eBook-Pressbooks): 97809979201-3-0 Instructors reviewing, selecting or adapting the text are encouraged to register their use with VT Publishing at in order to stay up to date regarding new volumes and editions, supplements, newly issued print versions, errata, and collaborative development or research opportunities. You may submit comments or report errors using this form. Additional suggestions or feedback may be submitted via email at: publishing@vt.edu Errors, omissions, and additions This work is a project of the Pamplin College of Business and University Libraries at Virginia Tech. This work is published by VT Publishing. What’s new?
This version of the book, the second edition, improves upon the 2016 edition. Improvements include: - Correction of errata identified in the 2016 compilation and many minor improvements. - Renumbering of chapters and added front matter. - Addition of new content: the PESTEL model in Chapter 2, Qualtrax case study in Chapter 7, and substantive revision of Chapter 16 Hospitality and Tourism. - Addition of desktop and mobile friendly navigation features and interactive self-quizzing (Pressbooks version only). - Addition of links to related external videos. - Addition of a low-resolution version. - Addition of accessibility features. Accessible PDFs: Figures now include alternative text (AltText) which enables access by users of screen reader software. - Broader format availability: PDF, epub, mobi, html, PressbooksXML, and OpenDocument (ODF) which is unformatted text editable with MSWord. - Addition of a feedback form for reporting errata - Addition of a faculty listserv and sharing portal. - Errata and corrections made to the Pressbooks version. No changes made to other formats. Features of the book
Each chapter lists learning objectives at the beginning of the chapter and key takeaways at the end of the chapter. The Pressbooks version of this book also includes interactive self-quizzing. Editable files are available in HTML, Open Document, PressBooks XML, ePub, MOBI, and PDF. Selected graphics produced by Brian Craig are available CC BY 4.0 via WikimediaCommons. Table of contents
Chapter 1: Teamwork in Business
Chapter 2: The Foundations of Business
Chapter 3: Economics and Business
Chapter 4: Ethics and Social Responsibility
Chapter 5: Business in a Global Environment
Chapter 6: Forms of Business Ownership
Chapter 7: Entrepreneurship: Starting a Business
Chapter 8: Management and Leadership
Chapter 9: Structuring Organizations
Chapter 10: Operations Management
Chapter 11: Motivating Employees
Chapter 12: Managing Human Resources
Chapter 13: Union/Management Issues
Chapter 14: Marketing: Providing Value to Customers
Chapter 15: Pricing Strategy
Chapter 16: Hospitality and Tourism
Chapter 17: Accounting and Financial Information
Chapter 18: Personal Finances Suggested citation
Skripak, Stephen J. (2018). Fundamentals of Business, 2nd Edition, Blacksburg, VA: VT Publishing. http://hdl.handle.net/10919/84848. Licensed with CC BY-NC-SA 4.0 https://creativecommons.org/licenses/by-nc-sa/4.0. Contributors: Anastasia Cortes, Gary Walton, Richard Parsons, Anita Walz
Digital and print production: Corinne Guimont with Robert Browder
Alternative text and accessibility: Stephanie Edwards and Christa Miller
Selected graphics: Brian Craig
Cover design: Trevor Finney
Student reviewers: Jonathan De Pena, Nina Lindsay, Sachi Soni
Project manager / editor: Anita Walz About the author
About the Previous Author
Fundamentals of Business, 2nd edition is adapted from a work produced and distributed under a Creative Commons license (CC BY-NC-SA 3.0) by a publisher who has requested that they and the original author not receive attribution. We wish to extend our gratitude to the original author for portions of her book which were remixed and adapted to form portions of Chapters 1-15 and 17-18 of Fundamentals of Business. If the publisher and author are both willing to allow us to provide attribution to the author while retaining use of the Creative Commons license and continuing to provide free public access, we will gladly and publicly thank the original author here.
About Stephen Skripak
Stephen J. Skripak is Professor of Practice in Management at Pamplin College of Business, Virginia Tech and former Associate Dean for Graduate Programs (2006-2014). He is a senior executive with 25 years of business leadership experience, including positions as General Manager and Chief Financial Officer with divisions of Fortune 500 companies. His background includes financial services, consumer packaged goods, apparel, and industrial companies, with emphasis in turnaround situations. - Fundamentals of BusinessSkripak, Stephen J. (Virginia Tech, 2016-05)Fundamentals of Business (2016) is an openly licensed (CC BY NC SA 3.0) textbook designed for use in Virginia Tech’s Pamplin College of Business introductory level business course, MGT1104 Foundations of Business. A new version of this book was released in August 2018. See http://hdl.handle.net/10919/84848 for more details. If you are an instructor reviewing, adopting, or adapting this textbook, please help us understand a little more about your use by filling out this form http://bit.ly/business-interest. Share and find ancillary resources for this book at OER Commons. Questions? Comments? Did you adopt this book? Please contact the project manager at openeducation@vt.edu. A testbank is now available by request for this book. The testbank is available to any instructor who has adopted Fundamentals of Business in their course. This work is a project of University Libraries and the Pamplin College of Business, Virginia Tech. Lead: Stephen J. Skripak (adapter)
Contributors: Richard Parsons, Anastasia Cortes, Anita Walz
Layout: Anastasia Cortes
Selected graphics: Brian Craig http://bcraigdesign.com
Cover design: Trevor Finney
Student Reviewers: Jonathan De Pena, Nina Lindsay, Sachi Soni
Project Manager: Anita Walz Editable files are available in MSWord in the .zip folder. Please view the README.txt file within this zipped collection. Print-on-demand softcover versions of this work are available at the cost of manufacturing and shipping from Lulu Press: color | black & white. Selected graphics produced by Brian Craig are available CC BY 4.0 via WikimediaCommons. ISBN: (B&W): 978-0-9979201-1-6
ISBN: (Color): 978-0-9979201-0-9 Table of Contents
Preface: Teamwork in Business
Chapter 1: The Foundations of Business
Chapter 2: Economics and Business
Chapter 3: Ethics and Social Responsibility
Chapter 4: Business in a Global Environment
Chapter 5: Forms of Business Ownership
Chapter 6: Entrepreneurship: Starting a Business
Chapter 7: Management and Leadership
Chapter 8: Structuring Organizations
Chapter 9: Operations Management
Chapter 10: Motivating Employees
Chapter 11: Managing Human Resources
Chapter 12: Union/Management Issues
Chapter 13: Marketing: Providing Value to Customers
Chapter 14: Pricing Strategy
Chapter 15: Hospitality and Tourism
Chapter 16: Accounting and Financial Information
Chapter 17: Personal Finances To request access to the permissions files, please contact vtechworks@vt.edu.