Common Planner
K–12 Standards

Dual Enrollment Small Business Management (6135)

Other Virginia CTE sets

Differentiating the Organization and Characteristics of BusinessDESBM.1

  • 1

    Compare the types of business ownerships, organizations, and industries in service-based and product-based businesses.DESBM.1.1

  • 2

    Explain the risks, rewards, and requirements of entrepreneurship.DESBM.1.2

  • 3

    Investigate resources related to entrepreneurship and small business ownership.DESBM.1.3

  • 4

    Identify current and emerging trends in business.DESBM.1.4

  • 5

    Identify the components of a SWOT (strengths, weaknesses, opportunities, threats) analysis.DESBM.1.5

  • 6

    Describe the effects of demographic, geographic, cultural, and psychographic issues on business.DESBM.1.6

  • 7

    Identify current laws and regulations affecting the establishment and operation of businesses.DESBM.1.7

  • 8

    Describe the effect of a global marketplace on business.DESBM.1.8

Examining Economic Factors Affecting BusinessDESBM.2

  • 1

    Describe the influence of basic microeconomic and macroeconomic concepts on business decisions.DESBM.2.1

  • 3

    Identify basic microeconomic and macroeconomic concepts.DESBM.2.3

  • 2

    Demonstrate economic reasoning skills.DESBM.2.2

  • 4

    Compare economic systems and political systems and how they influence businesses.DESBM.2.4

  • 5

    Explain how economic growth can be promoted and how data can be interpreted and measured.DESBM.2.5

 Identifying the Scope of ManagementDESBM.3

  • 1

    Describe management roles, functions, skills, and values.DESBM.3.1

  • 2

    Analyze benefits and limitations of leadership styles.DESBM.3.2

  • 3

    Compare the self-assessment of personal traits with those common to effective managers.DESBM.3.3

  • 4

    Develop a mission, vision, and/or values statement for company-wide implementation.DESBM.3.4

  • 5

    Develop an action plan for reaching goals.DESBM.3.5

  • 6

    Explore the principles of personal and business ethics and their role in business decisions.DESBM.3.6

Conducting Financial ActivitiesDESBM.4

  • 1

    Explore the differences among sources of capital.DESBM.4.1

  • 2

    Explain the influence of the stock market on business decisions.DESBM.4.2

  • 3

    Identify the cost of operations.DESBM.4.3

  • 4

    Analyze sales/production records.DESBM.4.4

  • 5

    Interpret basic financial statements.DESBM.4.5

  • 6

    Relate financial information to business decisions.DESBM.4.6

  • 7

    Identify strategies for risk management.DESBM.4.7

  • 8

    Describe the components of a budget, to include short-term and long-term expenditures.DESBM.4.8

  • 9

    Identify the components of information management systems for various business types.DESBM.4.9

  • 10

    Describe considerations related to credit plans, credit cards, credit policies, and collection procedures.DESBM.4.10

  • 11

    Identify reasons for taxes, types of taxes, and the effects taxes have on business decisions.DESBM.4.11

Conducting Marketing ActivitiesDESBM.5

  • 1

    Explain the role of marketing in the economy.DESBM.5.1

  • 2

    Determine various applications of marketing research.DESBM.5.2

  • 3

    Explain marketing concepts and the elements of the marketing mix.DESBM.5.3

  • 4

    Outline an effective marketing strategy based on the four stages of the product life cycle.DESBM.5.4

Conducting Business OperationsDESBM.6

  • 1

    Identify the components of a feasibility study.DESBM.6.1

  • 2

    Identify the components of a business plan.DESBM.6.2

  • 3

    Analyze a business plan.DESBM.6.3

  • 4

    Describe the influence of evolving technology on the business environment.DESBM.6.4

  • 5

    Explain the effect of environmental issues on business operations.DESBM.6.5

  • 6

    Identify workplace safety and security measures.DESBM.6.6

  • 7

    Analyze components included in policies and procedures manuals.DESBM.6.7

  • 8

     Interpret staff interrelationships illustrated in a variety of organizational charts.DESBM.6.8

  • 9

    Manage work teams.DESBM.6.9

  • 10

    Apply project management in scheduling and completing tasks.DESBM.6.10

  • 11

    Plan physical layout, furnishings, and equipment for a business environment.DESBM.6.11

  • 12

    Investigate quality control measures.DESBM.6.12

Administering Human Resources FunctionsDESBM.7

  • 1

    Identify methods of recruiting employees and publicizing job openings.DESBM.7.1

  • 2

    Develop a job description.DESBM.7.2

  • 3

     Identify the value of a diverse workforce.DESBM.7.3

  • 4

    Explain various methods of interviewing and selecting applicants for employment.DESBM.7.4

  • 5

    Identify the components of an onboarding program for new employees.DESBM.7.5

  • 6

    Outline the procedures used in employee performance documentation, promotion, retention, and termination.DESBM.7.6

  • 7

    Identify federal legislation related to employees in the workplace.DESBM.7.7

  • 8

    Review employment-related legal issues and the potential effects on the business environment.DESBM.7.8

  • 9

    Describe the elements of a total compensation package.DESBM.7.9

  • 10

    Explain the purpose and types of professional development and continuing education programs.DESBM.7.10

Developing Communication Skills for BusinessDESBM.8

  • 1

    Examine communication barriers and ways to eliminate them.DESBM.8.1

  • 2

    Explain how corporate culture influences formal and informal communication.DESBM.8.2

  • 3

    Examine potential communication challenges in international business.DESBM.8.3

  • 4

     Identify ways to motivate, coach, counsel, and reward individuals and teams.DESBM.8.4

  • 5

    Identify methods for resolving conflicts.DESBM.8.5

  • 6

    Plan an effective meeting.DESBM.8.6

  • 7

    Facilitate a meeting.DESBM.8.7

  • 8

    Deliver a presentation to an audience.DESBM.8.8

  • 9

    Describe the benefits of developing partnerships within the organization and with the community.DESBM.8.9

Preparing for Industry CertificationDESBM.9

  • 1

    (Optional) Describe the requirements for obtaining industry certifications related to the Business Management course.DESBM.9.1

  • 2

    (Optional) Identify testing skills/strategies for a certification examination.DESBM.9.2

  • 3

    (Optional) Demonstrate the ability to successfully complete selected practice examinations (e.g., practice questions similar to those on certification exams).DESBM.9.3

  • 4

    (Optional) Successfully complete an industry certification examination representative of skills learned in this course.DESBM.9.4

Enhancing Career Exploration and Employability SkillsDESBM.10

  • 1

    Develop a career plan in business management.DESBM.10.1

  • 2

    Conduct a job search.DESBM.10.2

  • 3

    Update a résumé including résumé format suitable for online posting.DESBM.10.3

  • 4

     Create a letter of application or cover letter.DESBM.10.4

  • 5

    Participate in a mock interview.DESBM.10.5

  • 6

    Compose an interview follow-up letter.DESBM.10.6

  • 7

    Create a business card.DESBM.10.7

  • 8

    Describe proper etiquette for a business dinner.DESBM.10.8

  • 9

     Identify the steps to follow in resigning from a position.DESBM.10.9

  • 10

    Update a portfolio containing representative samples of student work.DESBM.10.10

Frequently asked questions

What grade levels do these standards cover?
PROFESSIONALEDUCATION-DEVELOPMENT
Where can I read the official document?
Virtual Virginia Standards

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