September 10, 2012 Warm-Up: Answer the following questions and save to your ebook: 1. How do entrepreneurs often discover business start-up ideas? 2. How can governments encourage entrepreneurial development? 3. Explain the following statement: "Restrictive loan policies have a negative affect on domestic smallbusiness growth." 4. Explain what a 'mom and pop" business is. 5. True or False: Many people start entrepreneurial ventures during times of economic growth. 6. Which of the following is an example of a written business inquiry: A. A memo outlining an upcoming meeting agenda B. An e-mail requesting vendor pricing and discounts C. A form describing an employee's performance review D. A report summarizing annual financial information 7. When writing a letter of inquiry, when should you identify the purpose of your letter? A. At the beginning of the letter B. After describing your company C. Once the recipient has agreed to meet with you D. After identifying what prompted your inquiry (such as an advertisement) 9. What component is important to include in all types of inquiry letters? A. Contact information C. Project specifications B. Personal qualifications D. Attention-getting title 10. What is "DECA" ? Today's Activities: E1 - 2.01 Employ entrepreneurial discovery strategies to generate feasible ideas for business ventures/products 1. After reviewing the power point presentation on E1 - 2.01 Entrepreneurial Discovery, discuss with your partner the entrepreneurial discovery briefing. 2. Identify a change occuring in your community that has encouraged entrepreneurial discovery and identify new businesses or products that have been developed in response to that change. 3. Determine what type of change it is (e.g. technological, political, legal, social, demographic, etc.) and identify new businesses or products that have been developed in response to that change. 4. Discuss your insights with your partner and submit your findings to me for review via Edmodo. Reflection # 6 Write a reflection on "how I think entrepreneural discovery is impacting or has impacted the 2012 presidential election campaign." September 11, 2012 Warm-Up: Answer the following questions and save them to your ebook: ES1-2.01.docx Details Download 14 KB Today's Activities: 1. Complete the guided notes below and save to your ebook: 2.01_Guided_Notes.docx Details Download 32 KB 2. With your partner, discuss the entrepreneurial discovery process. Each partner explain to the other partner three of the six objectives. 1. Discuss differences between entrepreneurs and nonentrepreneurs that can aid entrepreneurs in perceiving opportunities (e.g., life experiences, a person’s position in a social network, the nature of the search process a person uses, an individual’s ability to focus on the opportunities, and intelligence). 2. Distinguish between scientific discovery (when a physical or technological observation is made) and circumstantial discovery (when an observation is made based on specific knowledge of time, place, or circumstance). 3. Describe areas of entrepreneurial discovery (i.e., introduction of a new product or a new quality of product, introduction of a new production method, a new market, a new vendor and/or resource source, and the reorganization of an industry). 4. Explain techniques that entrepreneurs can use to recognize opportunities (e.g., analogies, pattern recognition, experiments, simulation of prototypes. reverse engineering, etc.). 5. Discuss ways that entrepreneurs try to distinguish themselves from their competitors. 6. Discuss stages of entrepreneurial processes (i.e., discovery, evaluation, and exploitation). 3. With your partner, identify five entrepreneurial discoveries and the areas of entrepreneurial discovery for each one. Develop a profile of each entrepreneur, and compare their characteristics to determine their shared or similar traits that probably aided them in making the entrepreneurial discovery. Determine the techniques that the entrepreneurs used to recognize the opportunities. 4. Record your findings and be prepared to present them to the class for discussion. September 12, 2012 Warm-Up: Answer the following questions and save them to your ebook: ES1-1.01.docx Details Download 14 KB ES1-1.03.docx Details Download 14 KB ES1-1.04.docx Details Download 14 KB Today's Activities: 1. With your partner, identify five entrepreneurial discoveries and the areas of entrepreneurial discovery for each one. Develop a profile of each entrepreneur, and compare their characteristics to determine their shared or similar traits that probably aided them in making the entrepreneurial discovery. Determine the techniques that the entrepreneurs used to recognize the opportunities. 2. Record your findings and be prepared to present them to the class for discussion. Reflection # 7 In your journal, complete this statement: "To me, the most important entrepreneurial discovery was ...," September 13, 2012 Warm-Up: 1. Review the remainder of the content information for Obj. 2.01 (see power point slide for ES 2.01-Part 2) List one example for each type of change that has encouraged entrepreneurial discovery. a. technological change b. political change c. legal change d. regulatory change e. social change f. demographic change Today's Activities: 1. Complete the entrepreneurship discovery presentations remaining from yesterday 2. Review the power point presentation for ES1-2.02 3. Complete the activity - 2.02 - Webquest below: 2.02_Webquest-J._Tyndall.doc Details Download 28 KB 4. Review the Environmental Scan of the United States below to identify ways in which economic, social, technological, competitive, and regulatory environments are impacting the United States. Determine how these different factors are affecting the United States, as well as how the United States is responding to those factors. You will develop a written report detailing your findings. Your report should include two emerging trends for each of the five environment factors listed in the environmental scan (10 total). You should list one environmental force and two trends identified by the environmental scan. Be sure to provide an explanation for the trends. You may work in a group (4 people), with a partner (2 people), or by yourself. http://wwwrohan.sdsu.edu/~renglish/370/notes/chapt03/index.htm September 14, 2012 Warm-Up: Log into Edmodo and complete the test on ES 1.01-2.01. Update your Data Tracker with your test score. Today's Activities: Complete the assignment from yesterday below. 1. Review the power point presentation for ES1-2.02 2. Complete the activity - 2.02 - Webquest below: 2.02_Webquest-J._Tyndall.doc Details Download 28 KB 3. Review the Environmental Scan of the United States below to identify ways in which economic, social, technological, competitive, and regulatory environments are impacting the United States. Determine how these different factors are affecting the United States, as well as how the United States is responding to those factors. You will develop a written report detailing your findings. Your report should include two emerging trends for each of the five environment factors listed in the environmental scan (10 total). You should list one environmental force and two trends identified by the environmental scan. Be sure to provide an explanation for the trends. You may work in a group (4 people), with a partner (2 people), or by yourself. http://wwwrohan.sdsu.edu/~renglish/370/notes/chapt03/index.htm 4. Update your Data Tracker. Remember it is worth a test grade. I have allowed extra time to have your data trackers in order. All Data Trackers should be up to date today. Reflection # 8 Read the article below. Complete the following statement in your journal: "I feel like the New York soda ban is...," http://www.huffingtonpost.com/2012/09/13/new-york-approvessoda-ban-big-sugary-drinks_n_1880868.html Monday September 17, 2012 Warm-Up: Answer the following quesions: 1. What is an environmental scan? 2. What is a demographic trend? 3. How do environmental factors affect each other? 4. What are three (3) sources of assistance for entrepreneurs? Today's Objectives: a. Distinguish between outside-in and inside-out analyses used to identify opportunities for business ventures. b. Discuss ways in which work experience can help an entrepreneur to identify opportunities for venture/product creation. c. Describe the impact of educational background on an entrepreneur’s determination of opportunities for venture/product creation. d. Explain the importance of considering personal interests when determining opportunities for venture/product creation. e. Explain ways in which experiences as a retail or industrial customer can be used to identify venture/product opportunities. f. Demonstrate methods used to determine opportunities for venture/product creation. Essential Questions: 1. How are outside-in and inside-out analyses used to identify opportunities for business ventures? 2. How can work experience, educational background, personal interests and experiences as a customer be used to identify venture/product opportunities? Today's Activities: E1-2.03 Employ entrepreneurial discovery strategies to generate feasible ideas for business ventures/products 1. Review the articles below: http://knowledge.wharton.upenn.edu/article.cfm?articleid=2370 http://utilium.com/study_packs/123 2. Use the handout Think, Think, Think! below to identify and record several possible opportunities for venture/product creation. Think about (a) what you’ve noticed or learned at work about a particular industry, products, competitors, production methods, etc.; (b) what you do in your free time, including personal interests and hobbies; (c) the frustrations and problems that you have experienced as a customer; (d) complaints and ideas that other people have shared with you; (e) local, regional, national, and international trends and changes that are intriguing to you; (f) and other random thoughts and observations that you have had pertaining to venture/product opportunities. Be sure to consider needs, wants, and obstacles that you or others have had or experienced. After completing the handout, discuss the opportunities for venture/product creation that you identified with a group of your classmates. Add to your handout as needed, and insert it into your VIP portfolio. E1-2.03_Think_Think_Think.docx Details Download 19 KB 3. Answer the following questions from the lesson: 1. Which of the following is a global trend that might encourage an entrepreneur to consider international business opportunities: A. Higher allowances C. Enforceable trade agreements B. Lower tariffs D. Flexible currency rates 2. When determining venture-creation opportunities, entrepreneurs must first A. obtain financing. C. identify staffing needs. B. conduct research D. select a location Ticket Out: Complete a 3-2-1 review in your eBook: 3 main ideas from the lesson, 2 questions you still have, 1 answer to the essential question. Tuesday September 18, 2012 Warm-Up: Review the following homework questions with your partner: 1. Which of the following is a global trend that might encourage an entrepreneur to consider international business opportunities: A. Higher allowances C. Enforceable trade agreements B. Lower tariffs D. Flexible currency rates 2. When determining venture-creation opportunities, entrepreneurs must first A. obtain financing. C. identify staffing needs. B. conduct research D. select a location Today's Objectives: a. Distinguish between outside-in and inside-out analyses used to identify opportunities for business ventures. b. Discuss ways in which work experience can help an entrepreneur to identify opportunities for venture/product creation. c. Describe the impact of educational background on an entrepreneur’s determination of opportunities for venture/product creation. d. Explain the importance of considering personal interests when determining opportunities for venture/product creation. e. Explain ways in which experiences as a retail or industrial customer can be used to identify venture/product opportunities. f. Demonstrate methods used to determine opportunities for venture/product creation. Essential Questions: 1. Why would you need to examine the market structure when assessing opportunities for venture product creation? 2. What are techniques that entrepreneurs use to assess venture product opportunities/ Today's Activities: E1-2.03 Employ entrepreneurial discovery strategies to generate feasible ideas for business ventures/products 1. Complete the analysis of your findings from the handout "Think, Think, Think!" using the following criteria: a. Identify the opportunity b. Explain what specific unmet need is being addressed c. Indicate whether you have the knowledge and skills necessary to pursue the opportunity d. Identify resources that would be needed to pursue the opportunity e. Discuss the market structure, including industry competitors, that most closely "fits" with the opportunity. f. Describe whether the timing is right to pursue the opportunity 2. Students will identify which venture/product creation that they believe would be the best to pursue. 3. Use presentation software to explain the opportunity to the your partner, obtain their feedback, and make modifications/additions as necessary. Wednesday September 19, 2012 Warm-Up: Go to Quizlet and complete the vocabulary for E1-2.04. Play the scatter game. The goal is <45 seconds. Today's Activities: 1. Review the power point slide for E1-2.04 and E1-2.04-A with your partner. Compare the information contained in the two slides. Then complete the following: E1 2.04 - Identify two methods/techniques that you could use to generate venture/product ideas. Record the advantages and disadvantages of each strategy, and explain to your partner how you plan to implement the methods/techniques. Insert the completed document into your VIP portfolio. E1 2.05 - Search the Internet for two examples of creativity in business. Record your findings, and be prepared to discuss them with the class, identifying the impact of the examples on business. Use the Internet, your classmates, and other resources to start thinking about possible venture/product ideas. Generate a list of five or more possibilities, and discuss them with your partner. Insert your list into your VIP portfolio. Reflection # 9 "Sketching and doodling are ways to build creativity because...," Thursday September 20, 2012 Warm-Up: Review the following videos <iframe width="560" height="315" src="http://www.youtube.com/embed/1P_f0OjqSUs" frameborder="0" allowfullscreen></iframe> <iframe width="560" height="315" src="http://www.youtube.com/embed/L7YO3fEU8l4" frameborder="0" allowfullscreen></iframe> After veiwing the video, write your thoughts in your journal (reflection #10) about the characteristics of success exhibited by the designer of Red Box. Today's Activities: Complete the activity from yesterday. Answer the questions below. 1. Which of the following processes helps aspiring entrepreneurs generate venture ideas: A. Financial planning C. Goal setting B. Decision making D. Creative thinking 2. When generating ideas for new businesses, entrepreneurs often look for ways to A. rationalize spending. C. solve problems. B. increase liability. D. control outcomes. 3. Which of the following is a way that a business can determine if a product will fulfill its target market's needs: A. Observe workers C. Ask the customers B. Distribute promotional materials D. Develop a prospect list 4. A business might take an existing product and alter it to fulfill a specific need for a different A. medium. C. utility. B. product mix. D. target market. Study for your test tomorrow on E1-2.03-2.05! Friday September 21, 2012 Warm-Up: Go to Edmodo and complete the test on E12.03-2.05. Today's Activities: 1. Using the methods/techniques selected in the previous activity, generate as many different venture/product ideas as possible for the opportunity that you assessed and selected previously. Share your ideas with your partner/team, add to your list as necessary, and insert your list of venture/product ideas into your VIP portfolio. 2. Using the same list that you created in the previous activity, choose three ventures/products that you believe have the most potential to be successful. Discuss the products and/or ventures with partner/team. Determine the venture/product and venture/product benefits that appeal most to them. Create a feature-benefit chart to highlight those benefits. Identify ways that you can use the information in marketing activities. Record the information, and insert it into your VIP portfolio. 3. Review the powerpoint on E1 2.08 Apply ethics to demonstrate trustworthiness. Reflection # 10 Write a reflection on a personal decision that you must make and identify the options and the potential risks that you may face as a result of that decision. Submit your word processed reflection to the inbox. Yes, you may print!