# CTE Resource Center - Verso - Opportunities in Hospitality and Tourism 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 foundational knowledge of business laws and regulations to understand their nature and scope.

 

Acquire foundational knowledge of customer/client/business behavior to understand what motivates decision-making.

 

Acquire information to guide business decision-making.

 

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.

 

Adhere to health and safety regulations to support a safe work environment.

 

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

 

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.

 

Determine needed safety policies/procedures to protect employees.

 

Develop personal traits to foster career advancement.

 

Exhibit techniques to manage emotional reactions to people and situations.

 

Foster positive relationships with customers to enhance company image.

 

Foster self-understanding to recognize the impact of personal feelings on others.

 

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 job-seeking skills to obtain employment.

 

Implement quality-control processes to minimize errors and to expedite workflow.

 

Implement safety procedures to minimize loss.

 

Participate in career planning to enhance job-success potential.

 

Read to acquire meaning from written material and to apply the information to a task.

 

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

 

Resolve conflicts with/for customers to encourage repeat business.

 

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

 

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

 

Understand operation's role and function in business to value its contribution to a company.

 

Understand production's role and function in business to recognize its need in an organization.

 

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.

 

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.

 

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