Lesson Plan – Why a Virtual Business? Course Title – Virtual Business Session Title – Why a Virtual Business? Performance Objective: Upon completion of this lesson, the student will describe how the Internet is exposing businesses to a wider audience. Upon completion of this lesson, the student will understand different types of online businesses. Approximate Time: When taught as written, this lesson should take four to five days to complete. Specific Objectives: Students will identify successful e-commerce businesses and strategies. Students will discuss common business uses of the Internet besides selling products. Students will outline the steps for starting a new e-commerce business. Preparation TEKS Correlations: This lesson, as published, correlates to the following TEKS. Any changes/alterations to the activities may result in the elimination of any or all of the TEKS listed. 130.120(c)(1)(A) identify the nature, history, and duties of a virtual business office 130.120(c)(1)(C) assess personality characteristics to determine suitability for being a self-employed virtual business office employee 130.120(c)(1)(D) inventory skills, interests, strengths, and weaknesses to determine appropriate services to offer. Interdisciplinary Correlations: English: 110.33(b)(1)(A) – Reading/Vocabulary Development …determine the meaning of grade-level technical academic English words in multiple content areas (e.g., science, mathematics, social studies, the arts) derived from Latin, Greek or other linguistic roots and affixes. 110.33(b)(1)(C) – Reading/Vocabulary Development …infer word meanings through the identification and analysis of analogies and other word relationships. 110.33(b)(12)(B) – Reading/Media Literacy …evaluate the interactions of different techniques (e.g., layout, pictures, typeface in print media, images, text, sound in electronic journalism) used in multi-layered media. 110.33(b)(12)(C) – Reading/Media Literacy …evaluate the objectivity of coverage of the same event in various types of media. 110.33(b)(12)(D) – Reading/Media Literacy …evaluate changes in formality and tone across various media for different audiences and purposes. Copyright © Texas Education Agency, 2012. All rights reserved. 1 Occupational Correlation (O*Net – http://www.onetonline.org/) 43-6014.00 - Secretaries and Administrative Assistants, Except Legal, Medical, and Executive Similar Job Titles: Office Manager, Administrative Support Assistant (ASA), Administrative Associate Tasks: Set up and maintain paper and electronic filing systems for records, correspondence, and other material Answer telephones and give information to callers, take messages, or transfer calls to appropriate individuals Complete forms in accordance with company procedures Soft Skills: Information Ordering, Written Expression, Problem Sensitivity Accommodations for Learning Differences: It is important that lessons accommodate the needs of every learner. These lessons may be modified to accommodate your students with learning differences by referring to the files found on the Special Populations page of this website. Teacher Preparation: References: 1. Business Principles and Management, Everard Burrow, South-Western Thompson Learning 2. Learning E-Commerce: Business Analysis and Design, Nancy Stevenson, DDC Publishing 3. Start Your Own E-Business, Entrepreneur Magazine, Entrepreneur Press 4. http://www.census.gov/compendia/statab/cats/population.html 5. http://export.gov/sellingonline/eg_main_020761.asp 6. http://www.sba.gov/content/starting-online-business 7. http://imedia.sba.gov/vd/media1/training/YoungEntrepreneurs/player.html 8. http://archive.sba.gov/advo/research/rs313tot.pdf Instructional Aids: 1. “Why Virtual?” Presentation 2. “Internet Timeline” Assignment #1 3. “Internet Timeline” Assignment #1 Rubric 4. “Career Research Newsletter” Assignment #2 5. “Career Research Newsletter” Assignment #2 Rubric 6. “Report on the Future of E-Commerce” Assignment #3 Copyright © Texas Education Agency, 2012. All rights reserved. 2 7. “Report on the Future of E-Commerce” Assignment #3 Rubric Materials Needed: 1. Poster board or flipchart paper 2. Markers Equipment Needed: 1. Computers for students to complete projects 2. Projector for presentation Learner Preparation: 1. Ask students about how many hours a day they spend on the Internet. Also ask them if they have either purchased any items online or if they have shopped online, even if they did not purchase anything. Lesson Plan Introduction (LSI Quadrant I) 1. Ask students if they spend more time shopping or “window shopping” on the Internet than they do in stores such as at the malls. Most likely they will spend more time looking for items on the Internet. Have them search on the Internet for the top three items that are purchased online. See if any of them have recently bought one of these three types of items. Important Terms for this Lesson: Electronic Commerce (e-commerce) – The process of conducting business transactions on the Internet. E-Tailers – Retail businesses that sell directly to the consumer through the web. B2B – Business to business. B2C – Business to consumer. C2C – consumer to consumer E-Marketplace – Online shopping location. Dot-Com Business – A company that does almost all of its business activities through the Internet. Brick and Mortar Business – A business that completes most of its business activities at a physical location rather than through the Internet. Intranet – A private internal network of computers available only to employees of a business Venture Capitalists – people who provide funds to start a company in exchange for part ownership of a company. Business Model – A defined plan for doing business. Storefront – Either a physical store location or in the case of a virtual business or the web site that represents the business online. Complementary Business – A business that sells products or services that people who use your products or services might be interested in Outline Outline (LSI Quadrant II) Instructors can use the presentation program/software, slides, handouts, and the Internet in conjunction with the following outline. Copyright © Texas Education Agency, 2012. All rights reserved. 3 MI Outline I. What is a Virtual Business? A. primarily conducts business electronically B. can be an extension of a brick-and-mortar business C. Synonymous with: 1. e-commerce 2. online business 3. digital business Notes to Instructor Use presentation as an aid. Start a discussion with students about owning their own business. Ask them what qualities they think are necessary for a self-employed entrepreneur and have a student write the responses. Then direct students to the following web site and discuss the attributes in the “Trends in Data” section: http://archive.sba.go v/advo/research/rs3 13tot.pdf Ask students what they think the word “virtual” means. They may find it difficult to articulate an actual definition but they know it involves computers and the Internet. Provide students with the synonyms and have them volunteer companies they think would be considered “virtual”. Remind them that virtual can be a business strictly online or one with a physical location as Copyright © Texas Education Agency, 2012. All rights reserved. 4 well. II. What is a Netreprenuer? A. An innovative business owner who Conducts business online B. Sees the vision of a “storefront” although The “walls” are not visible C. Understand new ways to get information about customers D. Responds rapidly to changes in laws and trends E. Know when or if they should innovate Ask students to think about the difference between an entrepreneur and a netrepreneur. On the board draw a tchart with each name, one on the left side and one on the right side. Write down their responses on the appropriate sides for the characteristics of each. Many will be the same but be sure to include the characteristics in AE on the left in this outline. III. Resources for Business Owners A. Small Business Administration (SBA) B. Small Business Development Center – part of the SBA C. Service Corps of Retired Executives D. Women’s Business Center Many resources are available for individuals wanting to start a small business, but not as many for small online businesses. Have students visit these resources and look for links that have to do with tips for starting online businesses. IV. Internet Milestones A. ARPANET – Advanced Research Projects Agency 1. network created by the U. S. Department of Defense in 1969 2. original purpose was for electronic communication in case of nuclear war or natural disasters Discuss the purposes of ARPANET Compare the beginnings of ecommerce to the California Gold Copyright © Texas Education Agency, 2012. All rights reserved. 5 B. 1982 – the term “Internet” is born C. 1991 – Internet became available for commercial use Rush. In pairs, have students research the Gold Rush and create a short presentation including slides with similarities and slides with differences. Both had groups of people flocking to where they thought the money was. Both created attention worldwide. Both were ways for people, although not everyone, to make money. Both increased revenue for businesses along the way as well as complementary businesses. However, California was a physical location where the Internet is not a physical location. V. Virtual Business Advantages A. Redefines buyer/seller relationships B. Open 24/7 C. Minimizes distribution channels D. Increases productivity and revenue E. Unlimited customer reach F. Affordable G. Flexible schedule H. Easy startup I. Telecommuting J. Hlobal business potential Ask students to volunteer responses to what they believe the advantages are to going virtual. Write them on the board or document camera and then rank the reasons by having students show hands. VI. Types of Virtual Businesses A. B2B 1. business to business Discuss the differences between the types of Copyright © Texas Education Agency, 2012. All rights reserved. 6 2. customers are primarily other businesses B. B2C 1. business to consumer 2. customers are the general public C. C2C 1. consumers selling to other consumers 2. auction web sites VII. Business Uses of the Internet A. Business communications 1. internal – emailing employees 2. external – current and potential customers a. videoconferencing b. company web sites B. Information gathering 1. research to assist in decision-making 2. information on current and prospective customers a. mailing lists b. product registration c. FAQs 3. competitor information a. product comparisons b. customer reviews C. Improving business operations 1. inventory records 2. shipping information 3. financial statements VIII. E-Commerce Careers A. Web designers B. Web developers C. Web technologists D. Customer service support E. Technical writer businesses and to provide examples for each on the board. Ask students what the advantage would be in B2B as opposed to the other types. Answers may include that businesses typically buy in larger volumes than individuals. Discuss with students reasons businesses use the Internet in addition to buying and selling products. Some answers may be providing directions to their store, user manuals for products, company information for investors, or advertising job openings. E-commerce businesses have not only increased ways to conduct business today, but have also increased new job opportunities and expanded existing jobs. Direct students to any of Copyright © Texas Education Agency, 2012. All rights reserved. 7 the popular job search web sites and search for ecommerce positions. Ask students in pairs to provide a phrase or two for three positions they find and create a table displaying their findings. Copy and Paste Multiple Intelligences Graphic in appropriate place in left column. Application Guided Practice (LSI Quadrant III): Conduct Internet research to see which companies are the top Internet retailers. Ask students if they have purchased from these companies in the past. Have students in pairs research the top three Internet retailers in the year 2000 and compare them to the current top Internet retailers. Ask students which countries they think use the Internet the most. Have them each search on the computer and volunteer a country name and rank them on the board or document camera. Discuss why the countries may be ranked the way they are. Answers may include that the higher ranked may be more highly industrialized with higher income levels Independent Practice (LSI Quadrant III): Internet Timeline Assignment #1 – List 10 events that occurred regarding the history of the Internet and how they have impacted business. At least two companies must also be included in the timeline. Career Research Newsletter Assignment #2 – Students are to create a one-page, two-column newsletter using either word processing or desktop publishing software that displays three different career opportunities related to the Internet, such as Webmaster or Web Site Designer. They will conduct Internet research on several of the job-search web sites to locate three job openings. These openings should include the job title, job description, and education, training, or certification requirements. Report on the Future of E-Commerce Assignment #3 – Students will write (or type with word processing software) a properly formatted one-page report on the future of virtual business, based upon population projections listed in the following Copyright © Texas Education Agency, 2012. All rights reserved. 8 web site: http://www.census.gov/compendia/statab/cats/population.html The report should contain an explanation of what the projections are and how ecommerce could be affected, for example, whether there will be more users of certain types of web sites, if web sites will be used for different reasons in the future, how different age groups may use the Internet, or if there will be more of certain types of e-businesses in the future. Summary Review (LSI Quadrants I and IV): Q: What was the Internet’s original purpose? A: The Internet was originally created for communication in the event of nuclear war or natural disasters. Q: Which type of business has customers selling to each other? A: The C2C type which is commonly found in auction web sites. Q: What are three ways that businesses use the Internet that is not the buying and selling of products or services? A: Three ways businesses use the Internet are: communications, information gathering, and improving business operations. Q: What is the main difference between a netrepreneur and an entrepreneur? A: While they both are visionary, the entrepreneur actually visualizes a potential business that may not even have a physical location, but potentially only an online “storefront”. Q: What are three advantages to going virtual? A: Three advantages are that going virtual allows for unlimited customer reach, the Internet is open 24/7, and virtual businesses are more affordable with less overhead costs. Evaluation Informal Assessment (LSI Quadrant III): 1. Instructor will observe students during Independent Practice. 2. Instructor will assist students as needed. Formal Assessment (LSI Quadrants III and IV): Use the assigned rubrics to evaluate the two Independent Practice Assignments (LSI Quadrant III). Extension Extension/Enrichment (LSI Quadrant IV): 1. Interview a teacher, parent, or business person regarding the changes in technology that have occurred in his/her lifetime. In particular, ask the interviewee what he or she feels has had the most impact on his/her life or career. What aspect of using computers does he/she wish was around when they were the interviewer’s age? 2. Interview at least three different people to determine the top five web sites they visit most often. Then determine whether the sites they visit would be considered B2B, B2C, or C2C sites. Prepare a summary of your findings using a table or other diagram. Copyright © Texas Education Agency, 2012. All rights reserved. 9 Why Virtual? Independent Practice Assignments • • • Internet Timeline Assignment #1 – List 10 events that occurred regarding the history of the Internet and how they have impacted business. At least two companies must also be included in the timeline. Career Research Newsletter Assignment #2 – Students are to create a onepage, two-column newsletter using either word processing or desktop publishing software that displays three different career opportunities related to the Internet, such as Webmaster or Web Site Designer. They will conduct Internet research on several of the job-search web sites to locate three job openings. These openings should include the job title, job description, and education, training, or certification requirements. Report on the Future of E-Commerce Assignment #3 – Students will write (or type with word processing software) a properly formatted one-page report on the future of virtual business, based upon population projections listed in the following web site: http://www.census.gov/compendia/statab/cats/population.html The report should contain an explanation of what the projections are and how ecommerce could be affected, for example, whether there will be more users of certain types of web sites, if web sites will be used for different reasons in the future, how different age groups may use the Internet, or if there will be more of certain types of e-businesses in the future. Copyright © Texas Education Agency, 2012. All rights reserved. 10 Why a Virtual Business? Internet Timeline Assignment #1 Student Name: ________________________________________ 20 10 5 1 Content/Facts Facts were accurate for all events reported on the timeline. Facts were accurate for almost all events reported on the timeline. Facts were accurate for most (75%) of the events reported on the timeline. Facts were often inaccurate for events reported on the timeline. Dates An accurate, complete date has been included for each event. An accurate, complete date has been included for almost every event. An accurate date has been included for almost every event. Dates are inaccurate and/or missing for several events. Readability The overall appearance of the timeline is pleasing and easy to read. The overall The timeline is appearance of the relatively readable. timeline is somewhat pleasing and easy to read. Spelling and Capitalization Spelling and capitalization were checked by another student and are correct throughout. Spelling and capitalization were checked by another student and were mostly correct. Spelling and There were many capitalization were spelling and mostly correct but capitalization errors. were not checked by another student. Graphics All graphics are effective and balanced with text use. All graphics are effective but there appear to be too few or too many. Some graphics are Several graphics are effective and their not effective. use is balanced with text use. CATEGORY The timeline is difficult to read. Total Score _____________ Maximum 100 Points Copyright © Texas Education Agency, 2012. All rights reserved. 11 Why a Virtual Business? Career Research Newsletter Assignment #2 Student Name: ________________________________________ CATEGORY 20 10 5 1 Requirements All of the required Almost all the At least 75% of the Less than 75% of content was present. required content was required content was the required content present. present. was present. Layout Columns Columns are neatly typed in the \"justified\" type style. A glance at the newsletter makes you think "professional." Columns are neatly typed. A glance at the newsletter makes you think "fairly professional." Columns are typed. It is easy to read, but looks somewhat nonprofessional. Columns are not neatly typed. Newsletter is somewhat difficult to read. Spelling and Proofreading No spelling or grammar errors remain after one or more people (in addition to the typist) read and correct the newsletter. No more than a couple of spelling or grammar errors remain after one or more people (in addition to the typist) read and correct the newsletter. No more than three spelling or grammar errors remain after one or more people (in addition to the typist) read and correct the newsletter. Several spelling or grammar errors remain in the final copy of the newsletter. Graphics Graphics are in Graphics are in 80-100% of the focus, are wellfocus and are clearly graphics are clearly cropped and are related to the topic. related to the topic. clearly related to the topic. More than 20% of the graphics are not clearly related to the topic OR no graphics were used. Articles Interest The newsletter contains facts, figures, and/or word choices that make it exceptionally interesting to readers. The newsletter does not contain facts or figures that might make it interesting to read. The newsletter contains facts, figures, and/or word choices that make it interesting to readers. The newsletter contains some facts or figures but is marginally interesting to read. Total Score _____________ Maximum 100 Points Copyright © Texas Education Agency, 2012. All rights reserved. 12 Why a Virtual Business? Report on the Future of E-Commerce Assignment #3 Student Name: ________________________________________ 20 10 5 1 Organization Information is very organized with wellconstructed paragraphs. Information is organized with wellconstructed paragraphs. Information is organized, but paragraphs are not well-constructed. The information appears to be disorganized. Internet Use Successfully uses suggested internet links to find information and navigates within these sites easily without assistance. Usually able to use suggested internet links to find information and navigates within these sites easily without assistance. Occasionally able to use suggested internet links to find information and navigates within these sites easily without assistance. Needs assistance or supervision to use suggested internet links and/or to navigate within these sites. Diagrams & Illustrations Diagrams and illustrations are neat, accurate and add to the reader\'s understanding of the topic. Diagrams and illustrations are accurate and add to the reader\'s understanding of the topic. Diagrams and illustrations are neat and accurate and sometimes add to the reader\'s understanding of the topic. Diagrams and illustrations are not accurate OR do not add to the reader\'s understanding of the topic. Mechanics No grammatical, spelling, or punctuation errors. Almost no grammatical, spelling, or punctuation errors A few grammatical, spelling, or punctuation errors. Many grammatical, spelling, or punctuation errors. Quality of Information Information clearly relates to the main topic. It includes several supporting details and/or examples. Information clearly relates to the main topic. It provides one to two supporting details and/or examples. Information clearly Information has little relates to the main or nothing to do with topic. No details the main topic. and/or examples are given. CATEGORY Total Score _____________ Maximum 100 Points Copyright © Texas Education Agency, 2012. All rights reserved. 13