Term 1: Week 3
Section outline
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Kia Ora Everyone
This week we will be focusing on Entrepreneurs by looking at their skills set and how you can apply these skills in a Business Studies setting.
Learning Intentions- Study case studies of entrepreneurial people
- Investigate the nature of entrepreneurs.
- Explore business purpose/goals/types/examples
- Research pros & cons of business activities (eg multi-national, limited liability)
- We can define an entrepreneur and describe the attributes of an entrepreneur
- We can identify people with entrepreneurial attributes and name examples of entrepreneurial people
- We have identified our own entrepreneurial strengths and areas to develop
- We can explain the nature of business and its pros & cons.
Do Now - Entrepreneurs- Remain in your small groups of at least 3 Whanau. Spend 3 minutes sharing what you know about 'entrepreneurs'. Then read the following notes and web resources. Share what you've learned that you didn't know before. Discuss whether you think you could be an entrepreneur and why.
- DO NOW - Business Quiz (CETA)
- Exploring the CNBC "Make it" and Inspiring stories NZ website
Notes
An entrepreneur has an idea and risks time, money and reputation putting the idea into action as a business.- https://www.businessnewsdaily.com/2642-entrepreneurship.html (Please read this article for homework)
Entrepreneurs are innovative. They:
- Have ideas AND can put them into action
- Are creative problem solvers (think outside the box)
- Work long hours
- Can sell and / or build
- Can simplify processes and data - identify what's important
- Are effective with people
Whole Class Activity- As a whole class, we'll watch the video "Caine's Arcade Part 1"
- Each small group choose a different attribute from the list of 6 above
- Create and share with me a Doc called "My Name_Entrepreneurs", type things that Caine says or does that shows that he has your chosen attribute?
Small Group Activity- As a whole class, we'll watch the video "Stupid ideas - Dragon's Den"
- In your small group, discuss whether you think Rupert Evans is an entrepreneur and in which of the 6 attributes he is weakest.
Homework- Watch the video Caine’s Arcade Part 2.
- In groups share whether you think Nirvan Mullick (Caine’s first customer) is an entrepreneur and explain why.
Extra Case Study- Research some "Entrepreneurs", those who are proclaimed "Youtube millionaires". Read up on them and discuss as a group if these people are entrepreneurs.
- If you had a chance to do something likewise, what could your Youtube channel focus on? Create an google doc called" Entrepreneurs" to write your answers.
- https://nzentrepreneur.co.nz/category/interviews/ - Read up on NZ Entrepreneurs
Resources
https://www.cnbc.com/make-it/young-success/
https://www.entrepreneur.com/article/252049 - Attributes of Entrepreneurs