Week 5 biz world lecture materials

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Victor Tong - Week 5 BizWorld Lecture Materials

Victor Tong - Week 5 BizWorld Lecture Materials

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  • 1. BizWorld Ben Franklin Intermediate School Week 5 – Tuesday, March 23rd Spring 2010 Production and Presentation by Mr. Tong and Mr. Limon Ben Franklin Intermediate School 1 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 2. Employee Badges Distribution Agenda Circle of Life The Embracer Review CEO Eymy Lozano / Delrich Mendoza Marvin Montoya New Topics CFO Juan Beteta Joseph Garcia Performance COO Kenesha Monea Alyssa Mendoza Guest Speaker G tS k VP of Sales Ismael Lopez 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
  • 3. Agenda Agenda Agenda • Review Review − BizWorld Memo 6 (Page S15) • Objectives New Topics − To continue the design process by building a full scale model of your designs Performance − To close out the finances for Part A Guest Speaker G tS k − Guest S G t Speaker k − Jonathan Nadiranto – Facebook Ben Franklin Intermediate School 3 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 4. Review Memo 6 Agenda 1. Describe your friendship bracelet design. Include specifics such as th combinations of colors and th style of weave you envision. the bi ti f l d the t l f i i Review New Topics 2. How might the sale of your friendship bracelet be influenced if another company were to copy the design? Performance 3. How can a company or an individual p p y protect or p prevent others from Guest Speaker G tS k copying a unique design? Ben Franklin Intermediate School 4 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 5. New Topics Intellectual Property Agenda • Intellectual property is a creative idea that has commercial value (can be sold) including copyrighted property such as literary or sold), Review artistic works, and patented work. • If another company copied your friendship bracelet design, the New Topics increased competition could result in decreased sales (revenue) Performance • Companies may choose to protect unique or creative designs with a patent. A patent is protection granted by the government that g gives the creator of an invention or design the sole right to make, g g Guest Speaker G tS k use, and sell that invention or design for a set period of time. • You may file a patent for your design by completing C5 – Design Patent Application. Each patent application will cost the company $ BB and is only as good as the description and $5 illustration provided. Ben Franklin Intermediate School 5 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 6. New Topics Building a Prototype Agenda • A prototype is a full-scale model of a new product or new version of an existing product Review • Each employee needs to make at least one prototype. This practice will make the company more efficient during the New Topics manufacturing process. process Performance • Efficient refers to minimizing waste, expenses and unnecessary effort Guest Speaker G tS k • Turn to Page C4 – How to Make Friendship Bracelets Ben Franklin Intermediate School 6 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 7. New Topics Supply Store Agenda • Each company will need to decide which colors of string to buy Review • String is available at the General Store, for a retail cost of $2 BB per bundle. New Topics • Retail is defined as the price of goods, in smaller quantities, not intended f i t d d for resale. Retail cost i th price we generally pay as l R t il t is the i ll Performance consumers. • The COO will visit the General Store and purchase string. Guest Speaker G tS k Ben Franklin Intermediate School 7 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 8. Performance Update Company Ledger Agenda • Record the financial transactions in the Company Ledger Review • It is now time to collect the following: − Salaries ($1 BB per employee) New Topics − Rent ($1 BB per company) ( p p y) − Strings Performance • Each employee will complete Finance Worksheet A (S32). Guest Speaker G tS k Ben Franklin Intermediate School 8 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 9. Performance Supply Store Agenda String Retail Price ( g (Part A) ) $ $2 BB p skein per Review String Wholesale Price (Part B) $1 BB per two New Topics skeins Design Package (Part A) $4 BB Performance (Paper, markers, scissors, tape) Packaging Supplies ( g g pp (Part C) ) $2 BB Guest Speaker G tS k (30 bags and 30 tags) Marketing Package (Part C) $10 BB (Posterboard) Design Consultant Fee $ 2BB Ben Franklin Intermediate School 9 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 10. Performance The Entrepreneurial Cycle Agenda Review New Topics Performance Guest Speaker G tS k Ben Franklin Intermediate School 10 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 11. Performance Time to Get Working… Agenda 1) Purchase strings from supply store Review 2) Each employee is to design a prototype (Turn to Page C4 – How to Make Friendship Bracelets) New Topics 3) Complete C5 – Design Patent Application 4) Update company ledger and complete Finance Worksheet A (S32) Performance • It is now time to collect the following: − Salaries ($1 BB p employee) ($ per p y ) Guest Speaker G tS k − Rent ($1 BB per company) − Strings 5) E h employee will complete Finance W k h t A (S32). Each l ill l t Fi Worksheet (S32) Ben Franklin Intermediate School 11 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics
  • 12. Guest Speaker Jonathan Nadiranto – Facebook Agenda Agency Account Manager Review • Facebook's mission is to give people the power to share and make the world more open and connected. New Topics • I am an Account Manager who helps build long lasting Performance relationships with clients. I try to help build a clients presence on Facebook so that users can engage with their products or offerings. I spend my day creating strategy, forecasting, helping g p y y g gy, g, p g Guest Speaker G tS k create better advertiser tools and speaking with clients. • I enjoy working with clients on a day to day basis, growing an advertisers successful business on Facebook and the ability to help contribute to Facebook. • Through struggles there are great learning’s and success. And to be a great business entrepreneur don’t stop with just “ok – average”, average” always strive for the best and you will produce the best best. Ben Franklin Intermediate School 12 • Critical Thinking • Communication • Teamwork • Leadership • Innovation • Professionalism • Ethics