Presentation Transcript

1. Economics Project Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far? Do Now: What are some assumptions that you may have about the upcoming project? Review What is the difference between Private and Public companies? What will your company be? What is a stock? Who are Stockholders or Shareholders? What is the responsibility of the company to the Stock/Shareholders? What is a dividend? Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
2. Principles of Capitalism Right to private property (1) Buildings, land, vehicles, machinery What isn’t private, to the government? Profit Motive (2) The desire to earn the most profit from business transactions (Sales-Business Expenses= Profit) Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
3. Principles of Capitalism Competition (3) The rivalry between sellers in the same field for consumer’s $$$ Making a profit will bring COMPETITION Customer Services & Quality Product Less Expensive, cheaper quality, more variety Consumer Sovereignty (4) The Power of freedom to have the final say Consumers= Success Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
4. Flow of Goods from Raw to Ya’ll Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
5. Roles CEO Is responsible for overseeing the logistics of the project/business and ensuring its effectiveness of providing a useful product for your target market. Keeping track of the shareholders and their perception of the company Developing the certificate Creating the mission statement Delegate responsibilities to team members. Works with CFO to come up with % of stocks that will be allocated to the public. Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
6. Roles CFO Is responsible for keeping track of all financial transactions. For Example: Sales, Purchase Price Per Unit, Break Even analysis, Stock Price and Percentages of Increase/Decrease, calculate the dividends per shareholders. Works with CEO to come up with % of stocks that will be allocated to the public. In conjunction with CEO and COO must construct the Five week projection chart with weekly updates. Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
7. Roles COO Keeping track of shipment dates Keeping track of inventory Dividing the amount of inventory amongst the team members. Developing advertising ideas in conjunction with the CEO & Web Specialist as well as CFO for consultation on the budget purposes In conjunction with CEO, the COO will monitor the flow of inventory. Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
8. New Role Of Web Specialist :-) This individual will be responsible for uploading the following Excel spreadsheet (5 week Projection Chart & then Real Sales) (Created by CFO) Mission Statement (Created by entire group, however finalized by CEO) Company Logo (Created by the Group, however finalized by CEO) Current sales (Provided by CFO & COO) Advertisements created (Consult with CEO for final approval. Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
9. 5 Week Sale projection This is a basic example. Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
10. Responsibilities OF the GROUP. Collectively Create the PosterBoard for Initial Public Offering day (StockMarket Activity) Final Group Presentation Selling of Product (This is a major responsibility) Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
11. Example of Mission Statement The Atlantic is America’s leading destination for brave thinking and bold ideas that matter. The Atlantic engages its print , online, and live audiences with breakthrough insights into the worlds of politics, business, the arts, and culture. With exceptional talent deployed against the world’s most important and intriguing topics, The Atlantic is the source of opinion, commentary, and analysis for America’s most influential individuals who wish to be challenged, informed, and entertained. Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
12. Examples of Mission Statements To bring inspiration and innovation to every athlete in the world. “If you have a body, you are an athlete” Nike To inspire and nurture the human spirit-one person, one cup, and one neighborhood at a time. Starbucks Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
13. After the 5 week period This is an example of a graph after the 5 week period of sales. Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
14. Example Of Ledger (Done in Microsoft Excel) Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?
15. Calculating Dividends/Stocks Handout/Worksheet. Aim: How can you develop a successful business using the knowledge you have gained in Economics class this far?