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Week 3   biz world lecture materials
 

Week 3 biz world lecture materials

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    Week 3   biz world lecture materials Week 3 biz world lecture materials Presentation Transcript

    • BizWorld Ben Franklin Intermediate School Week 3 – Tuesday, March 9th Spring 2010 Production and Presentation by Mr. Tong and Mr. Limon Ben Franklin Intermediate School 1 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda Circle of Life The Embracer Review CEO Marvin Montoya Delrich Mendoza Company of the Week CFO Patricia Dalao Joseph Garcia New Topics COO Kenesha Monea Alyssa Mendoza Performance P f VP of Sales Juan Beteta Malik Jones VP of Marketing Ian Buan Sabrina Vaz VP of Manufacturing Vincent Frias John Mark West Ben Franklin Intermediate School 2 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda Agenda • Please seat yourselves with your companies: Review − Circle of Life − The Embracer Company of the Week • Review New Topics − Profit Equation − Jobs in the Corporation Performance P f • Objectives − To identify one way in which new companies can raise cash to pay start-up expenses − To incorporate new friendship bracelet companies − Guest Speaker − Mimi Kwan – ABC 7 KGO-TV Mi i K KGO TV Ben Franklin Intermediate School 3 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Review – Profit Equation - $3 Biz Bucks Agenda • Three new business were incorporated in town last month. In the first fi t month of b i th f business P t i i ’ P d generated $3 317 i Patricia’s Prada t d $3,317 in Review revenue; Kenesha’s Forever 16 brought in $1,288; and Juan’s Sports Shop received $5,512. Patricia’s Prada had $1,727 in total Company of the Week expenses for the month, Kenesha’s Forever 16 had $937 in expenses and Juan’s Sports Shop paid $3,275 in total expenses New Topics last month. • Which company was the most successful in its first month of Performance P f business? Why? Business Revenue Expenses Profit Patricia’s Prada Kenesha’s Forever 16 Juan’s Sports Shop Ben Franklin Intermediate School 4 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Review – Profit Equation Answer Agenda • Three new business were incorporated in town last month. In the first fi t month of b i th f business P t i i ’ P d generated $3 317 i Patricia’s Prada t d $3,317 in Review revenue; Kenesha’s Forever 16 brought in $1,288; and Juan’s Sports Shop received $5,512. Patricia’s Prada had $1,727 in total Company of the Week expenses for the month, Kenesha’s Forever 16 had $937 in expenses and Juan’s Sports Shop paid $3,275 in total expenses New Topics last month. • Which company was the most successful in its first month of Performance P f business? Why? Business Revenue Expenses Profit Patricia’s Prada $ , $3,317 $ , $1,727 $ , $1,590 Kenesha’s Forever 16 $1,288 $937 $315 Juan’s Sports Shop $5,512 $3,275 $2,237 Ben Franklin Intermediate School 5 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Review - Jobs in the Corporation Agenda • Chief Executive Officer (CEO) – is responsible for leading the team and managing the smooth operation of the company and it’s employees it s employees. Review • Chief Financial Officer (CFO) – is focused on leading the team in making sure all money is accounted for and the company is making a Company of the Week profit • Chief Operating Officer (COO) – is responsible for managing the New Topics company's day-to-day operations; for your friendship bracelet company, the COO is focused on leading the team in creating a quality product and Performance P f an attractive design that will appeal to customers • Senior Vice President of Sales – is focused on leading the team in making customers happy and selling a lot of products • Senior Vice President of Marketing – is focused on leading the team in promoting the company, product or service • Senior Vice President of Manufacturing – is focused on leading the team in making the product as easily and inexpensively as possible. Ben Franklin Intermediate School 6 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Company of the Week Agenda Review • Time Warner, Inc. • Public Company (Ticker: TWX) Company of the Week • Founded i 1985 F d d in New Topics • Headquarters – New York, NY • CEO – Jeffrey Bewkes Performance P f • Leading media and entertainment company; has 3 business segments − Networks: cable television networks − Filmed Entertainment: feature film, television and home video production and distribution − Publishing: magazine Ben Franklin Intermediate School 7 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda Review • HBO (Home Box Office) Company of the Week New Topics • Time Inc. Performance P f • o Ben Franklin Intermediate School 8 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda Review • Warner Brothers Company of the Week New Topics Performance P f • Turner Broadcasting System Ben Franklin Intermediate School 9 • o • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda Review • 12 Months Stock Chart NYSE:TWX - Share Pricing Company of the Week 35 33 31 New Topics 29 27 25 Performance P f 23 21 19 17 15 3/9/2009 4/6/2009 5/4/2009 6/1/2009 9/7/2009 2/8/2010 3/8/2010 10/19/2009 11/16/2009 11/30/2009 12/14/2009 12/28/2009 3/23/2009 4/20/2009 5/18/2009 6/15/2009 6/29/2009 7/13/2009 7/27/2009 8/10/2009 8/24/2009 9/21/2009 10/5/2009 11/2/2009 1/11/2010 1/25/2010 2/22/2010 NYSE:TWX - Share Pricing Ben Franklin Intermediate School 10 • o • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda • Company Fi C Financials i l Review ($ in millions) Company of the Week 2009 New Topics Market Cap $35,128 Performance P f Revenue 25,785 Expenses 23,317 Profit 2,468 Ben Franklin Intermediate School 11 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda Guest Speaker Questions Review • Mimi Kwan • KGO-TV (ABC 7) Company of the Week • Vice President of Public Affairs New Topics • Entertainment Industry • Her responsibilities is to work with local community organizations Performance P f to help them get their messages on the air including AIDS Walk, March for Babies, Top Scholars and others. • Please write down one question you have for Ms. Kwan. Ben Franklin Intermediate School 12 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Incorporate Agenda • Incorporate is the act of forming a corporation; incorporating means th t the state is recognizing the company as an that th t t i i i th Review independent organization − The Circle of Life, Inc. Company of the Week − The Embracer, Inc. New Topics • Founder is the one who establishes a business Performance P f − Your company receives $1BB and your CFO will track the cash − Please turn to page S31 – Company Ledger Ben Franklin Intermediate School 13 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • BizWorld Ben Franklin Intermediate School 14 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Company Ledger Agenda • The cash received is capital and will be recorded as a deposit on the C th Company L d Ledger. Review Company of the Week New Topics − Capital is defined as money or material wealth used to p produce more money y Performance P f − Deposit is defined as money put into an account • Please take the next 5 minutes to update the Company Ledger − The CFO is responsible for keeping the master copy − All employees have to help the CFO complete the ledger Ben Franklin Intermediate School 15 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review New Vocabulary Agenda • Finance is the management of expenses, cash, revenue and profit Review − Your CFO is in charge of the finance for your company • Entrepreneur is a person who organizes, operates and takes on Company of the Week the risk of a business venture • Everyone is an entrepreneur in their company New Topics Performance P f Ben Franklin Intermediate School 16 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Incorporate Agenda • The CEO of each company will visit the State Government (Mr. Limon) to incorporate the company and receive a stock Li )t i t th d i t k Review • Why do you incorporate? Company of the Week − Protect personal money and possessions − Attract investors in exchange for partial ownership (stock) New Topics − Stock is a share of a company that represents ownership in the company p p y Performance P f Ben Franklin Intermediate School 17 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda Review Company of the Week New Topics Performance P f Ben Franklin Intermediate School 18 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Raising Capital Agenda • Question – What are some of the expenses you think you will need to t t t start your friendship bracelet company? f i d hi b l t ? Review Company of the Week • Question – How do new companies pay for these expenses? New Topics Performance P f Ben Franklin Intermediate School 19 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Venture Capital Agenda • Next week, you will need to raise capital (cash) in order to cover the th costs of starting your business. t f t ti b i Review • One way in which an entrepreneur can raise capital is to sell shares of stock in his or her company to a venture capitalist Company of the Week (VC). (VC) New Topics • A venture capitalist is a person who invests cash in new and innovative businesses. VCs should be thought of as “partners in Performance P f the business , because they are interested in the success of the business”, business for their own benefit. • It is your responsibility to convince the VC that investing in y your company will p y off in the future p y pay Ben Franklin Intermediate School 20 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Investing in Start-ups with High Growth Potential Agenda Review Company of the Week Growth h New Topics VC Investment Performance P f 5+ Years Time Ben Franklin Intermediate School 21 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review How Do Venture Capitalist Make Money? Agenda Review 1) The Company goes public (IPO) – the company sells shares of it stock in the open market Company of the Week − IPO – Initial Public Offering New Topics 2) The company is bought by another company (M&A) Performance P f − M&A – M Mergers and A d Acquisitions i iti Ben Franklin Intermediate School 22 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review The Pitch Agenda • Each company will pitch to the Venture Capitalist (VC) Review • The pitch is a presentation made to convince the VC to invest in your company Company of the Week • Mr. Limon and I will buy shares based on the quality of your pitch • A better pitch will result in a higher price per share New Topics • Each company will need to raise a total of $15-20 BB Performance P f • Next N t week your company will be making the pitch k ill b ki th it h Ben Franklin Intermediate School 23 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Business Plan Agenda • A business plan is a formal statement of a set of business goals, the th reasons why th are b li h they believed attainable, and th plan f d tt i bl d the l for Review reaching those goals. • With your company, discuss the business plan ideas and complete Company of the Week the Business Plan Worksheet (Page S10) New Topics Performance P f Ben Franklin Intermediate School 24 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
    • Review Agenda Guest Speaker Review • Mimi Kwan Company of the Week • KGO-TV KGO TV (ABC 7) ) New Topics • Vice President of Public Affairs • Media and Entertainment Industry Performance P f • Her responsibilities is to work with local community organizations to help them get their messages on the air including AIDS Walk, Guest Speaker March for Babies, Top Scholars and others. • WORK HARD and WORK SMART Ben Franklin Intermediate School 25 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics