# CTE Resource Center - Verso - Marketing, Advanced Related National MBAResearch Standards-Business Administration

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Related National MBAResearch Standards-Business Administration

National MBAResearch Standards-Business Administration

For a complete list of performance indicators for each of the performance elements with the Business Administration Core Standards, go to http://mbaresearch.org/images/PDFs/BAcore_all_Jan2015.pdf.

Acquire a foundational knowledge of accounting to understand its nature and scope.

 

Acquire a foundational knowledge of finance to understand its nature and scope.

 

Acquire information to guide business decision-making.

 

Acquire knowledge of commerce laws and regulations to continue business operations.

 

Acquire knowledge of the impact of government on business activities to make informed economic decisions.

 

Acquire self-development skills to enhance relationships and improve efficiency in the work environment.

 

Analyze cost/profit relationships to guide business decision-making.

 

Apply ethics to demonstrate trustworthiness.

 

Apply knowledge of business ownership to establish and continue business operations.

 

Apply verbal skills to obtain and convey information.

 

Communicate with staff to clarify workplace objectives.

 

Control an organization's/department's activities to encourage growth and development.

 

Develop concept for new business venture to evaluate its success potential.

 

Employ leadership skills to achieve workplace objectives.

 

Explore the regulatory environment of United States' businesses to understand the diversity of regulations.

 

Foster positive relationships with customers to enhance company image.

 

Identify potential business threats and opportunities to protect a business' financial well-being.

 

Identify with others' feelings, needs, and concerns to enhance interpersonal relations.

 

Implement expense-control strategies to enhance a business's financial well-being.

 

Implement financial skills to obtain business credit and to control its use.

 

Implement job-seeking skills to obtain employment.

 

Implement organizational skills to facilitate others' work efforts.

 

Implement purchasing activities to obtain business supplies, equipment, resources, and services.

 

Implement quality-control processes to minimize errors and to expedite work flow.

 

Implement teamwork techniques to accomplish goals.

 

Maintain business records to facilitate business operations.

 

Maintain workflow to enhance productivity.

 

Manage financial resources to ensure solvency.

 

Manage staff growth and development to increase productivity and employee satisfaction.

 

Manage stressful situations to minimize potential negative impact.

 

Participate in career planning to enhance job-success potential.

 

Recognize management's role to understand its contribution to business success.

 

Record information to maintain and present a report of business activity.

 

Resolve staff issues/problems to enhance productivity and improve employee relationships.

 

Staff a business unit to satisfy work demands while adhering to budget constraints.

 

Understand economic indicators to recognize economic trends and conditions.

 

Understand economic systems to be able to recognize the environments in which businesses function.

 

Understand fundamental economic concepts to obtain a foundation for employment in business.

 

Understand fundamental factors about entrepreneurship to recognize its role and importance in the economy.

 

Understand global trade's impact to aid business decision-making.

 

Understand human-resource laws and regulations to facilitate business operations.

 

Understand marketing's role and function in business to facilitate economic exchanges with customers.

 

Understand tax laws and regulations to adhere to government requirements.

 

Understand the fundamental principles of money needed to make financial exchanges.

 

Understand the nature of business to show its contributions to society.

 

Understand the nature of customer relationship management to show its contributions to a company.

 

Understand the role and function of human resources management to obtain a foundational knowledge of its nature and scope.

 

Use communication skills to influence others.

 

Use social media to communicate with a business's stakeholders.

 

Utilize career-advancement activities to enhance professional development.

 

Utilize critical-thinking skills to determine best options/outcomes.

 

Utilize information-technology tools to manage and perform work responsibilities.

 

Utilize planning tools to guide organization's/department's activities.

 

Utilize project-management skills to improve workflow and minimize costs.

 

Write internal and external business correspondence to convey and obtain information effectively.