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Junior Achievement of British Columbia

Junior Achievement of British Columbia. Business Basics: Our Business World. Our Business World. Nice to meet you!. Our Business World. A little bit about me …(add your own pics!). Our Business World. What is Junior Achievement ? International, not-for-profit organization

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Junior Achievement of British Columbia

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  1. Junior Achievement of British Columbia Business Basics: Our Business World

  2. Our Business World Nice to meet you!

  3. Our Business World • A little bit about me…(add your own pics!)

  4. Our Business World • What is Junior Achievement ? • International, not-for-profit organization • Teaches young people about business • You will learn about organization and operation of a business in free enterprise!

  5. Our Business World • Let’s Learn About You! • Fill out your name tent in BIG writing on one side • Write down your future dream job on the other side

  6. Our Business World • Our Business World • Lesson #1: Organization • Lesson #2: Management • Lesson #3: Production • Lesson #4: Marketing/Advertising + Wrap Up

  7. Our Business World • Lesson #1 • Organization

  8. Our Business World • Business

  9. Our Business World • Where do Businesses Operate? • Manufacturing Plant • Store / Retail • Restaurant • Office • Workshop • Farm RENT

  10. Our Business World • Types of Workers • WAGESSALARIES

  11. Our Business World • Equipment to Operate • CAPITALINTEREST • Where do Business get $$? • Savings • Banks & other financial institutions • Family and friends • Part-time Job

  12. Our Business World • Incentives • What is an incentive? • What are some examples of incentives?

  13. Our Business World • A Real-Life Story.... What was his incentive?

  14. Our Business World • Why own a Business? • $$ PROFIT $$ = INCOME – EXPENSES • Entrepreneur • Sole proprietorship • Partnership • Corporation

  15. Our Business World • Lesson #2 • Management

  16. Our Business World • Management • Information Technology • Human Resources • Marketing • Production • Finance • Communications • Safety / Quality Control • President / CEO

  17. Our Business World • Who Works at ….Apple?

  18. Our Business World • Hiring Process • Employer • Employee • Job • Applicant • Job Application • Job Interview

  19. Our Business World Your turn to practice shaking hands!

  20. Our Business World • Choosing a Career • What kind of jobs/careers are you interested in? • What kind of education would you need? • “Choose a job you love, and you will never have to work a day in your life.” ― Confucius • "The only way to do great work is to love the work you do." • -Steve Jobs

  21. Our Business World • Lesson #3 • Production

  22. Our Business World • Producing a Product • (BB Penco Pen!) • Production Experiment • Production Workers

  23. Our Business World • Production Rules • (BB Penco Pen!) • Proper assembly is key! • Why is quality as important as speed? • Why is safety in a workplace important?

  24. Our Business World • Round 1 – Unit Production • 4 workers + 1 quality control (QC) expert • (90 seconds to complete a round!) • Walk from seat to pick up one of each pen part from part supply bins around the room • Return to seat, assemble pen • Give to QC to check workmanship • Gather another set of parts and repeat

  25. Our Business World • Round 2 – Assembly Line Production • 4 workers + 1 quality control expert • (90 seconds to complete a round!) • 1. The first person fits the spring onto the ink refill and passes to person #2 • Person #2 places spring/refill into the barrel passes to #3 • #3 places metal ring onto barrel passes to #4 • #4 screws cap onto barrel and passes to QC

  26. Our Business World • Discovery Channel ‘How it’s Made’ • Pen Factory Video • http://youtu.be/uYme2M_YPu0Yme2M_YPu0

  27. Our Business World • Production - Then and Now

  28. Our Business World • Lesson #4 • Marketing

  29. Our Business World • Who are they?

  30. Our Business World • Who can find the hidden image in these logos?

  31. Our Business World • Marketing & Pricing • What would you need to do to get customers to buy the pens made by BB Penco? • What’s a good price to sell the pens? • What other activities are involved in Marketing? • MARKETINGSELLING • PRICEPRICING

  32. Our Business World • Advertising Strategies • Be Like Us • Chosen by Famous People • Take My Word For It • What If… • Laugh With Us • Be a Smart Shopper • For Those Who Want the Best

  33. Our Business World • Guess the Marketing Strategy…

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  39. Our Business World • You’re the Advertising Agency! • Goal: Increase sales $$$ • Choose a Marketing Channel: • television, radio, magazine advertising campaign, • Choose a Marketing Strategy • 20 minutes to prepare your ad • Perform!

  40. Our Business World • CONGRATULATIONS!! • Thank you for your time 

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