Advertising Budget Skill Set: Promotion TOPIC OR UNIT OF STUDY Advertising Budget CONTENT STANDARD(S) AND OBJECTIVE(S) Students will determine methods of budgeting for advertising. compute media costs. develop an advertising budget. develop an advertising schedule. examine the role of advertising as an investment. predict placement costs for print, Internet, and broadcast advertisements. search online using a range of technology tools and media to access relevant information needed for problem solving. create information for oral, written, and multimedia communications, adhering to copyright laws. engage in problem solving and critical thinking processes to create and evaluate complex strategies in order to independently solve problems. adapt to new situations by considering multiple perspectives and a commitment to continued learning. exhibit ethical behavior and positive leadership while working collaboratively in the school and/or community. model legal and ethical behaviors in the use of technology. assess global trends in entrepreneurship that are related to their career/technical program. determine entrepreneurial opportunities in venture creation related to their career/technical program. examine desirable entrepreneurial personality traits. INTRODUCTION Students will work in teams to research methods of developing an advertising budget for the project example small business, a burger shop, located in a rural area in the student’s small town and will ultimately select an advertising budget for the restaurant. They will develop an advertising schedule and will predict placement costs for print, internet, and broadcast advertisements for the business. The students will look at how the business can make use of the $10,000 it has available for its advertising budget. Based on their findings, they will create their advertising budget and schedule and select the appropriate media. They will summarize their results and report to the whole group in a creative formal presentation format. ESSENTIAL QUESTION Why is it important for a business to develop an advertising budget and an advertising schedule and have funds available for investing into advertising for the business? INTEGRATION OF ACADEMICS, TECHNOLOGY, ENTREPRENEURSHIP Students will use contents standards in advertising, technology, and entrepreneurship. The students will cover the standards of advertising budgeting in the advertising content standards. Students will use some of the technology standards as well. Students will use the internet to research information on advertising budgeting and advertising scheduling. They will also research information on media costs, and predict placement costs for print, internet, and broadcast advertisements Students may also make use of hardware and software such as word processing software, scanners, digital cameras, video cameras, smart boards, multimedia projectors, presentation software, desktop publishing software, and others depending on the media that they select for presentation of their findings. Students will use entrepreneurship content standards as they role play business positions in their small groups. They also have to think and behave as a business person in designing their advertising budgets, schedules, and for predicting costs for types of advertisements whether it is print, broadcast, or online for the business in the project as they all have a stake in the “business”. Students will use ethical and legal means to research and report information from the internet on the advertising topics. They will abide by copyright laws and will cite resources used in their projects and presentation with appropriate documentation. Students will use technology to solve problems and extract data from sources as needed to master the content of this project. STUDENT INVOLVEMENT IN PLANNING PROCESS Students will be involved in the planning process of this project by being able to choose their individual roles within their company, by deciding which areas they want to research and how they want to divide the work within the group. They will also decide on the method of presentation to their group members. Students in the small groups will decide on the advertising budget and the advertising schedule for the business and make predictions on the cost of print advertisements, online advertisements, and broadcast advertisements based on their research results. Due dates can be modified if needed by the group. Tasks are assigned to the group as a whole and then divided by the group members and completed individually. Groups will have meetings with the teacher daily to monitor progress and address issues/problems that may arise. The group may request assistance from the teacher at any time or they may request that the teacher allow them to work independently with a minimum of supervision if all is going well within the group. TASK(S) Select group members Choose business role in each small group (CEO, general manager, attorney, administrative assistant, or director of marketing) Divide tasks for members within each small group(according to business role) Preview rubric for culminating formal presentation Brainstorm ideas and resources Set up timeline for completion of tasks Research information/data collection/record information/note websites/share with small group Report back to group in team meeting; evaluate findings individually and as a small group Research information/data collection/record information/ note websites/share with small group Create advertising budget $10,000 annually (Predict costs for print, internet, and broadcast advertisements) Create advertising schedule Practice presenting advertising budget and advertising schedule in small groups before the formal presentation Present advertising budget and advertising schedule to whole group in formal presentation Review rubric after presentation for graded evaluation of presentation and project RESOURCES Project Based Learning Activity Advertising Budget Rubrics for Evaluation-process and product Self evaluation and Peer evaluation Internet (sites vary with each group) TECHNOLOGY USE Laptop/Desktop Computers Printer Scanner Video Camera Digital Camera Multimedia Projector Smart Board (Projection Screen can be substituted if needed) Internet File Storage Device (Flash drive or network folder) Software Needs (varies with presentation selection) i.e. Microsoft Office, Movie Maker, Audacity EVALUATION Formative Teacher observation/walk-arounds Personal communication Self evaluation Peer evaluation Summative Rubrics—process and product TIMELINE 90 Minute Class Blocks Day 1—Introduction to Advertising Budgeting; Begin Project; Select groups and begin research Day 2—Research continues in groups; data collection/group work Day 3—Research continues in groups; data collection/ group work; (flexibility in scheduling as needed) Day 4—Create Advertising Budget; create advertising schedule (estimate costs for Internet, print, and broadcast advertising) Sample business in project budget has $10,000 annual advertising budget. Day 5—Practice formal presentations; complete budgets Day 6—Formal presentations of advertising budgeting by small groups; presentations of research findings as documented by advertising budget and advertising schedule CONCLUSION Students completing this PBL are introduced to the content standards of advertising budgeting and are, through successful completion of the project, given the opportunity to master the standards. They are able to perform researching methods of advertising budgets including estimating the costs of print, Internet, and broadcast advertising. Students are able to analyze advertising budgets and schedules and are able to create a budget and a schedule for a small business with an annual advertising budget of $10,000. These content standards are covered in an interactive and engaging way for students in this advertising budgeting PBL activity, and students are able to recognize the relevance of the budgeting factor in business upon completion of the project. PROJECT BASED LEARNING ACTIVITY: ADVERTISING BUDGET Class _______________ Group members: ________________________________________________________________________ ______________________________________________________ Date ________________ ESSENTIAL QUESTION: Why is it important for a business to develop an advertising budget and an advertising schedule and have funds available for investing into advertising for the business? CONTENT STANDARDS AND OBJECTIVES: Students will: Students will describe the purpose of an advertising budget. Determine methods of budgeting for advertising. Compute media costs. Develop an advertising budget. Develop an advertising schedule. Examine the role of advertising as an investment. Predict placement costs for print, Internet, and broadcast advertisements. Search online using a range of technology tools and media to access relevant information needed for problemsolving. Adapt to new situations by considering multiple perspectives and a commitment to continued learning. Exhibit ethical behavior and positive leadership while working collaboratively in the school and/or community. Model legal and ethical behaviors in the use of technology. Assess global trends in entrepreneurship that are related to their career/technical program. Determine entrepreneurial opportunities in venture creation related to their career/technical program. Examine desirable entrepreneurial personality traits. Background Information: You have an exciting business opportunity. A small restaurant, a burger shop, is ready to open in your small town in a rural area, and you have an important role to play in its development. Choose your role as one of the following individuals in the business: company chief executive officer (CEO), general manager, director of marketing, administrative assistant, or company attorney. Everyone in your group will have a role. You will be working with advertising media in this project to determine the importance of an advertising budget and to find methods of budgeting for advertising. Then you will develop an advertising budget and an advertising schedule. In doing so, you and your group members will have to use a variety of research methods to predict the placement costs for print, internet, and broadcast advertisements. Staying within the constraints of the $10,000 budget of the burger shop, you will develop a budget that will accommodate this small business in this PBL. Tentative Timeline: (90 Minute Blocks) Day 1—Introduction to Advertising Budgeting; Begin Project; select groups and begin research Day 2—Research continues in groups; data collection/group work Day 3—Research continues in groups; data collection/ group work; (flexibility in scheduling as needed) Day 4—Create Advertising Budget; create advertising schedule (estimate costs for Internet, print, and broadcast advertising) Sample business in project budget has $10,000 annual advertising budget. Day 5—Practice formal presentations; complete budgets Day 6—Formal presentations of advertising budgeting by small groups; presentations of research findings as documented by advertising budget and advertising schedule Tasks: Select group members Choose business role in each small group (CEO, general manager, attorney, administrative assistant, or director of marketing) Divide tasks for members within each small group(according to business role) Preview rubrics (process and project) for culminating formal presentation Brainstorm ideas and resources Set up timeline for completion of tasks Research information/data collection/record information/note websites/share with small group Report back to group in team meeting; evaluate findings individually and as a small group Self evaluation/peer evaluation Research information/data collection/record information/ note websites/share with small group Create advertising budget $10,000 annually (Predict costs for print, internet, and broadcast advertisements) Create advertising schedule Practice presenting advertising budget and advertising schedule in small groups before the formal presentation Self evaluation/peer evaluation Present advertising budget and advertising schedule to whole group in formal presentation Review rubrics after presentation for graded evaluation of presentation and project Audience: The audience is your small group when you come together for meetings to discuss your findings, and the larger audience is the class and the instructor and any guests present when you make the formal presentation(s). Assessment: Informal assessments will be made by the instructor as you are working within your small groups. The instructor may make personal observations, hold personal conversations with group members, and she may have team meetings with the small group. You will be asked to complete self evaluations and peer evaluations during the project. At the conclusion of the PBL, formal assessment will be made through use of process and product rubrics to evaluate your small group’s project and presentation. Please make sure you are familiar with the elements of the rubrics. You will have the opportunity to see the completed evaluations and discuss it with the instructor after all the groups have presented their projects. Resources/Technology: Laptop/Desktop Computers Printer Scanner Video Camera and/or Digital Camera Multimedia Projector Smart Board (Projection Screen can be substituted) Internet File Storage Device (Flash drive or network folder) Software Needs (varies with presentation selection) i.e. Microsoft Office, Movie Maker, Audacity Name ___________________________________ Project __________________________________ Date ________________ Class ________________ Self Evaluation Rate yourself for each aspect of working within your group using the following scale: 1 = poor 2 = acceptable 3 = good 4 = excellent 1. Setting realistic goals 1 2 3 4 2. Organizing work towards goals 1 2 3 4 3. Deciding/defining member roles 1 2 3 4 4. Member responsibility 1 2 3 4 5. Listening to other members 1 2 3 4 6. Supporting other members 1 2 3 4 7. Little dependence on the teacher 1 2 3 4 8. Keeping order within the group 1 2 3 4 9. Staying focused on goals 1 2 3 4 10. Reaching goals 1 2 3 4 11. Quality of finished project 1 2 3 4 Summary: On this project, I think I . . . __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ Names of Group Members____________________________________________________ __________________________________________ Date ________________ Project _____________________________ Class _______________ Peer Evaluation Rate your group’s success—as a group, not individually—for each aspect of working together, using the following scale: 1 = poor 2 = acceptable 3 = good 4 = excellent 1. Setting realistic goals 1 2 3 4 2. Organizing work towards goals 1 2 3 4 3. Deciding/defining member roles 1 2 3 4 4. Member responsibility 1 2 3 4 5. Listening to other members 1 2 3 4 6. Supporting other members 1 2 3 4 7. Little dependence on the teacher 1 2 3 4 8. Keeping order within the group 1 2 3 4 9. Staying focused on goals 1 2 3 4 10. Reaching goals 1 2 3 4 11. Quality of finished project 1 2 3 4 Summary: On this project, I think our group. . . ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ Cooperative Learning Project Rubric Process Name(s): ________________________________________________________ Project/Assignment: ____________________________________ Date: __________________ Class: _______________________ Category 4 Distinguished Above Mastery Group Participation All students enthusiastically participate At least ¾ of students actively participate At least half the students confer or present ideas Only one or two persons actively participate Responsibility for task is shared evenly Responsibility is shared by most group members Responsibility is shared by ½ the group members Exclusive reliance on one person Excellent listening and leadership skills exhibited; students reflect awareness of others’ views and opinions in their discussions Students show adeptness in interacting; lively discussion centers on the task Some ability to interact; attentive listening; some evidence of discussion or alternatives Little interaction very brief conversations; some students were disinterested or distracted Each student assigned a clearly defined role; group members perform roles effectively Each student assigned a role but roles not clearly defined or consistently adhered to Students assigned roles but roles were not consistently adhered to No effort made to assign roles to group members Shared Responsibility Quality of Interaction Roles Within Group 3 Mastery 2 Partial Mastery 1 Novice Total Scores COMMENTS/SUGGESTIONS:_______________________________________________________________________________ ________________________________________________________ Score Small Group Learning Project Rubric Names___________________________________________________________________________ ____________ Product Evaluation Project/Assignment ______________________________ Date ____________________ Category 4 3 2 1 Organization Extremely well organized; logical format that was easy to follow; cleverly conveyed; the organization enhanced the effectiveness of the project Signs of organization; at times ideas were unclear Somewhat organized; several ideas unclear Choppy and confusing; organization of ideas was difficult to follow Content Accuracy Completely accurate; all facts were precise and explicit Mostly accurate; a few inconsistencies or errors in information Somewhat accurate; more than a few inconsistencies or errors in information Completely inaccurate Research Went above and beyond to research information; solicited material in addition to what was provided; brought in personal ideas and information to enhance project from outside of school Did a very good job of researching; utilized materials provided to their full potential Used the material provided in an acceptable manner, but did not consult any additional resources Did not utilize resources effectively; did little or no fact gathering on the topic Creativity Was extremely clever and original; a unique approach that truly enhanced the project Was clever at times Added a few original touches to enhance the project but did not incorporate it throughout Little creative energy used during this project Total Score Score