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Contents
  1. Introduction

  2. How to use this text

  3. Accessibility Statement

  4. Acknowledgement

  5. I. Chapters
    1. 1. Foundations of Business

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    2. 2. Economics and Business

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    3. 3. Ethics and Social Responsibility

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    4. Article: Carroll’s Corporate Social Responsibility Pyramid

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    5. 4. Business in a Global Environment

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    6. 5. Forms of Business Ownership

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    7. 6. Entrepreneurship: Starting a Business

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    8. 7. Management and Leadership

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    9. 8. Teamwork in Business

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    10. 9. Structuring Organizations

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    11. 10. Operations Management

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    12. 11. Motivating Employees

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    13. 12. Managing Human Resources

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    14. 13. Union Management Issues

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    15. 14. Marketing: Providing Value

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    16. 15. Accounting and Financial Information

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    17. 16. Personal Finances

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

  6. II. Sources by Chapter
    1. Sources: Teamwork

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    2. Sources: Foundations

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    3. Sources: Economics

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    4. Sources: Ethics

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    5. Sources: Global

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    6. Sources: Ownership

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    7. Sources: Entrepreneurship

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    8. Sources: Management and Leadership

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    9. Sources: Structuring Organizations

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    10. Sources: Operations Management

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    11. Sources: Motivating Employees

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    12. Sources: Managing Human Resources

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    13. Sources: Union Management

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    14. Sources: Marketing

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    15. Sources: Accounting

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

    16. Sources: Personal Finances

      Business Faculty from Ontario Colleges and eCampusOntario Program Managers

  7. Appendix

  8. Front Matter Materials from Original Fundamentals of Business: Canadian Edition

Introduction to Canadian Business

Front Matter Materials from Original Fundamentals of Business: Canadian Edition

Dedication

One of the original authors, Stephen J. Skripak, dedicated this book to reducing the cost of education in business.

eCampusOntario, sponsor of the Canadian edition, dedicates this book to adventurous Ontario instructors of business exploring open resources and committing to saving students money. eCampusOntario and your colleagues from Lambton, Conestoga, and Fanshawe colleges are hopeful the updates to this book and its attention to Ontario standards and Canadian content make Business Fundamemtals a valuable addition to your course.

If you adopt this book, as a core or supplemental resource, please report your adoption in order for us to celebrate your support of students’ savings. Report your commitment at www.openlibrary.ecampusontario.ca.

We invite you to further adapt this book to meet you and your students’ needs. Please let us know if you do! If you would like to use Pressbooks, the platform used to make this book, contact eCampusOntario for an account using open@ecampusontario.ca.

If this text does not meet your needs, please check out our other adaptation, Communication for Business Professionals. Use, mix, match, and/or extend them with other, open business materials to customize your learning materials.

An textbook, opened, with 7 arrows jumping out of the textbook. showing all the different ways to use open textbooks: read in print, read online, read on tablet, read on computer, adapt, collaborate to adopt, and use in class.
Open textbooks by Giulia Forsythe licensed CC BY | flickr

Canadian Edition 2018

Fundamentals of Business

On the first weekend in March 2018, Program Managers from eCampusOntario gathered with Business faculty from Ontario colleges to adapt existing Business resources in openlibrary.ecampusontario.ca for use in foundations of business courses. Two teams worked to update and align the existing open resources to Ontario college introductory business outcomes and objectives.

Fundamentals of Business Redux

Team Fun college faculty, see table below for members, worked their way through the text offering suggestions for updates and highlighted spots where interactivities would assist comprehension. College faculty also began to create helpful supplementary materials to aid adoption and use of the text in Ontario college classrooms – physical or virtual. These included: diagnostic quizzes for each chapter; PowerPoint slides for each chapter, and a quiz bank to assess end-of-chapter understanding.

From there, eCampusOntario Program Managers along with Matt Hutchinson sourced Canadian statistics and examples. Program Managers built interactivities using H5P and other, open educational technologies to engage students and solidify understanding. They edited the figures, charts, and text and cited sources using proper MLA citation style.

Major Enhancements

  1. Recent additions to Pressbooks, supported by eCampusOntario, allow for more engagement and interactivity within each chapter. Adding a quick check in quiz or drag and drop activity at the student’s point of need helps solidify understanding throughout the chapters and text.
  2. Enabling hypothes.is, another eCampusOntario improvement, facilitates individual and collaborative notetaking. It also empowers educators to connect the readings to in-class expectations and activities. Learn more about the power and potential of hypothes.is: https://web.hypothes.is/
  3. Injecting Canadian content was a focus. Where appropriate, American information and statistics were replaced with Canadian examples and numbers.
  4. Learning objectives and text content were updated to align with programs at Ontario colleges and more recent statistics and business practices.
  5. The majority of graphics were remade with original files included. This will allow future adapters to re-brand more easily e.g., institutional colours, fonts.

The Teams

Team Fun: Fundamentals of Business Textbook (This book!)
Communication for Business Professionals
Nitsa Andres, Fanshawe College  Michelle Grimes, Conestoga College
Matt Hutchinson, Lambton College  Shauna Roch, Fanshawe College
Jim Johnston, Fanshawe College  David Simon, Lambton College
Anela Tomac, Conestoga College   Terry Greene, eCampusOntario
Joanne Kehoe, eCampusOntario  Jenni Hayman, eCampusOntario
Peggy French, eCampusOntario

Gratitude to Luke Wilson for editing the final draft and adding his expertise to the content.

About eCampusOntario

eCampusOntario is a not-for-profit corporation funded by the Government of Ontario. It serves as a centre of excellence in online and technology-enabled learning for all publicly funded colleges and universities in Ontario and has embarked on a bold mission to widen access to post-secondary education and training in Ontario. This textbook is part of eCampusOntario’s open textbook library, which provides free learning resources in a wide range of subject areas. These open textbooks can be assigned by instructors for their classes and can be downloaded by learners to electronic devices or printed. These free and open educational resources are customizable to meet a wide range of learning needs, and we invite instructors to review and adopt the resources for use in their courses.

Upcoming changes

To save a tree, or at least several branches, we chose not to print the Sources or Works Cited pages. However, they are available online and available for future printing on demand. All changes to this edition are recorded in the Version History page at the back of the web version.

Acknowledgements

The Original from Virginia Tech 2016

Fundamentals of Business (2016) was 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, MGT 1104 Foundations of Business.
This work was a project of University Libraries and the Pamplin College of Business, Virginia Tech.
Lead Author: Stephen J. Skripak
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
Content in the Preface, Chapters 1-14 and 16-17 was adapted from the Saylor Foundation’s http://www.saylor.org/site/textbooks/Exploring%20Business.docx by Virginia Tech under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License. The Saylor Foundation previously adapted this work under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work’s original creator or licensee.

Acknowledgements: eCampusOntario

Share

If you adopt this book, as a core or supplemental resource, please report your adoption in order for us to celebrate your support of students’ savings. Report your commitment at www.openlibrary.ecampusontario.ca.

We invite you to adapt this book further to meet your and your students’ needs. Please let us know if you do! If you would like to use Pressbooks, the platform used to make this book, contact eCampusOntario for an account using open@ecampusontario.ca.

If this text does not meet your needs, please check out our full library at www.openlibrary.ecampusontario.ca. If you still cannot find what you are looking for, connect with colleagues and eCampusOntario to explore creating your own open education resource (OER).

About eCampusOntario

eCampusOntario is a not-for-profit corporation funded by the Government of Ontario. It serves as a centre of excellence in online and technology-enabled learning for all publicly funded colleges and universities in Ontario and has embarked on a bold mission to widen access to post-secondary education and training in Ontario. This textbook is part of eCampusOntario’s open textbook library, which provides free learning resources in a wide range of subject areas. These open textbooks can be assigned by instructors for their classes and can be downloaded by learners to electronic devices or printed for a low cost by our printing partner, The University of Waterloo. These free and open educational resources are customizable to meet a wide range of learning needs, and we invite instructors to review and adopt the resources for use in their courses.

Preface

These sixteen, fundamental chapters introduce learners to the discipline of business. Experienced Ontario faculty collaborated to align these chapters to the Ministry’s Program Standards for General Business, with content appropriate for an introductory course. If you use this resource, feel free to clone the book to move, add, and | or delete chapters to suit how you deliver the concepts these chapters contain. Don’t forget to report your adoption: https://openlibrary.ecampusontario.ca/report-an-adoption/!

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License

Icon for the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

Introduction to Canadian Business Copyright © 2024 by St. Clair College is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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