Dragons Den

First, Prepare for tomorrows Guest 'Judges'

Customer Complaints and how to deal with them.



Business letter format

Assignment.  Business letter response to a complaint.

Here is a LINK to help you with your format.

Today we are going to play a game. 

Remember Supply and Demand? How about Research and Development?  Free market economy and competition. 

This is FOR MARKS here is the breakdown,

Short game with Performance Index Score of 60+ = 3/5  90+ = 4/5  100+  = 5/5
Medium with PIS  of 50+ = 3/5 80+ = 4/5  100+ = 5/5

If you try 2 games but still score low you will get 3/5 

LINK

You will need to create an account for the Public game.  

Video on 'My First Million"

Discuss

Next, In groups, you are to decide, what are the best and worst inventions and explain why in 30 seconds or less for each.

Check stocks

June 15

Dragons Den,

The dark side of inventions.

Often inventions have a profound impact on society.  Some impacts have a net benefit but some may actually harm society.

Here are some examples:
Nuclear power,
TV
the Internet
the Steam Engine
the Automobile
Handguns
Plastic

Questions

1. Name 2 other inventions that have a 'dark side' and explain why you made each of your choices.

Please read he following LINK for the next question.

2. Since certain waste can be dangerous for thousands or millions of years, how are they proposing to warn future generations of the dangers? Is this a good idea?

3. Can you think of an invention that has changed the world for the better without having any (or very few) negative impacts.

First Finish yesterdays work and missing assignments.

Assignment:  Read pages 345-356.

(Can be done in partners)  For the "Impact of Innovation" pages 350-356, for each subtitle, find 1-2 examples of how a product has been 'Innovated'.

First Finish you Booklet and Hand in for tomorrow.  Everyone needs to submit a booklet.  The last pages are the most important.

Next, make sure you are ready for our presentation next week with a printed business plan, income statement and answers to the questions in the booklet as a presentation.

Dragons Den

Invention and Innovation. Discussion

Assignment:  You are to look for a new product that was just out or will be out soon and answer the following questions:

First, include the name and description of the product.

1. Is it an innovation or invention (explain your answer)
2. Who is/are the target market(s)
3. Will this product be successful?  Explain your answer.

Dragons Den.

Now it is your turn to pick a Canadian Entrepreneur.  Briefly summarize the following:

What businesses are the associated with?
How did they become successful?
What obstacles did they overcome?
What makes them stand out?