LAC 28:CXLIII.303. Strand Two: Essential Skills

A. Focus. Essential skill sets are necessary for start-up and management of a successful business. This strand focuses on the student’s ability to understand and effectively analyze various business concepts. In addition, it reinforces the importance of developing communication and interpersonal skills. B. Standard 3. Students will understand and analyze effective business decision-making concepts. Benchmark 3-A. Examine Entrepreneurial Functions and Their Economic Impact 3-A-1 | Research the role of business in society 3-A-2 | Classify the types of business activities Benchmark 3-B. Evaluate Management Concepts 3-B-1 | Describe crucial elements of a quality culture/continuous quality improvement 3-B-2 | Describe the role of management in the achievement of quality 3-B-3 | Identify and compare the types of business ownership 3-B-4 | Explain opportunities for creating added value 3-B-5 | Determine issues and trends in business 3-B-6 | Describe the need for and impact of ethical business practices C. Standard 4. Students will understand and demonstrate basic communication and interpersonal skills. Benchmark 4-A. Apply the Components of Effective Written and Oral Communication 4-A-1 | Apply effective persuasive techniques 4-A-2 | Deliver oral presentations 4-A-3 | Demonstrate procedures for following informational messages/ instructions 4-A-4 | Demonstrates an understanding of ethics in communication Benchmark 4-B. Demonstrate the Elements Essential to Interpersonal Communication 4-B-1 | Explain stress management 4-B-2 | Demonstrates procedures for conducting meetings 4-B-3 | Demonstrate problem solving and conflict resolution skills 4-B-4 | Demonstrates ways to show empathy 4-B-5 | Utilize negotiation skills 4-B-6 | Demonstrate appropriate assertiveness 4-B-7 | Demonstrate an understanding of customer relations D. Standard 5. Students will comprehend basic technology concepts. Benchmark Entrepreneurs Use Technology 5-A-1 | Discuss the Internet as a business opportunity 5-A-2 | Explain the nature of e-commerce 5-A-3 | Discuss electronic training E. Standard 6. Students will examine and apply basic financial concepts. Benchmark 6-A. Examine Economic Indicators 6-A-1 | Explain the concept of economic relations 6-A-2 | Explain the principle of supply and demand and opportunity cost 6-A-3 | Analyze forms of economic utility Benchmark 6-B. Analyze The Concepts of Labor and Productivity 6-B-1 | Explain the concept of organized labor and business 6-B-2 | Explain economic indicators 6-B-3 | Examine cost/profit relation F. Standard 7. Students will use basic personal money management skills, procedures, and strategies. Benchmark 7-A. Develop a Money Management System 7-A-1 | Determine ways to establish/enhance credit worthiness 7-A-2 | Explain forms of financial exchange