Feb 27 Business and Finance

Learning Goal:
Finish Types of Business Ownership Unit
Begin Management and Leadership Unit

Bellringers: for 10 minutes
1. Finish crossword puzzle
2. Finish the entrepreneur worksheet
Go to http://www.entrepreneur.com/franchise500/index.html
3. Finish and turn in Business Type Worksheet

Announcements:
Give Miss W. your Career Booth coupons to receive 2 points toward your lowest test grade.

Signed interims will be collected for a grade.
If returned on 2-28 it will be a 100,
if returned on 2-29 it will be a 96,
if returned on 3-01 it will be a 92,
if returned on 3-02 it will be a 88,
if returned on 3-05 it will be 85,
if returned on 03-06 or later it will be a 75.
If the interims are not returned it will be a 65.

You stay for Tiger Time if:

ALL work from the Beginning unit was NOT completed before interims; it will be made up for partial credit during tiger time.

You are behind in any current work.

If you made a C, D, or F on the vocabulary test or CFA test until you have made a study guide and have retaken the test(s) and received a better grade (to be determined by Miss W).

You have a C, D, or F on your interim report until you have a A or B average in class.

You have absences to make up. (Your responsibility!!!)

Guided Lesson:

We are going to review our answers for the different types of business candy company worksheets. The main mistake was confusing corporation and cooperatives.
If you purchase stock you are buying a piece of the corporation.
In a cooperative you are getting together with other people to form a mini-market place. You do not own the cooperative but it helps you get discounts because you can buy in volume and you only have to pay your share of the business license. A farm's market is the best example.

We are going to start the next unit on Management styles.

Students will plan a pep rally and determine which of the five manager functions are being represented with the various activities.


Independent Exercise:

Turn to pages 150 and 151 in your textbook or see slides 3 - 8 on PowerPoint 2.02

On the back of your puzzle management sheet write the defintion of management:
Management is the process of accomplishing the goals of an organization through the effective use of people and other resources.

Leaving room between them write the following management functions, Planning,Organizing, Staffing, Implementing, Controlling.

For each bullet under a function on the PowerPoint slides 3-8 write how you could have used this function to make the puzzle activity better.

Example for Planning you will need to write 3 sentences.
1. Analyzing information
2. Setting goals
3. Making decisions to accomplish the goals

For analyzing information you could have either
"Analyze which puzzle would be easiest to solve based on the different colors or shapes in the puzzle." OR
"Analyze the outdoors conditions to find a place where the wind is not strong before sitting down to work on puzzle"

You would then write sentences for "Setting goals" (what goals would you set) and "Making decisions to accomplish goals." (what decisions would need to be made on the team)

Then you will go on to Organzing and write a sentence for each of the 3 bullets.

Then you will go on to Staffing and write a sentence for each of the 3 bullets.

Then you will go on to Implementing and write 1 sentence about how you could have directed or lead your team to accomplish the goals you wrote about earlier.

Finally you will finish with Controlling and write, "Our puzzle team would know if we were successful if we finished 1st or 2nd and won lollipops."

If time we will review the Leadership concepts.

The difference between leadership and management http://www.youtube.com/watch?v=GwN5_MduSY8