Business Challenge: Nike, Inc
Your department works for Nike, Inc and must design, produce and sell the next line of athletic shoes Nike will launch.
Your goal is to make a profit. Profit is positive increase from an investment after subtracting for all expenses. Your investment from Nike is $1,000.
Your expenses are marketing cost and shoe production cost. Those prices will vary from team to team, depending on how you choose to spend your investment money.
The team with the best design, marketing plan and profit will win the business challenge!
Step 1: Team Leadership
1. Department Manager: Manager will make final decision on production cost and shoe type.
2. Marketing Manager: Marketing Manager will make final decision on celebrity endorsement, marketing strategy and shoe name.
3. Designer: Designer will make final decision on shoe design, colors, etc. Designer will also design actual shoe that appears in retail stores.
Department Manager: __________________________
Marketing Manager: ___________________________
Designer: ______________________________
Step 2: Decide what type of athletic shoe your will you design, produce and sell. Tennis, basketball, soccer, etc. Make sure you leave $100.00 to cover the cost of celebrity endorsements and marketing. Do not spend more than the $1,000 investment.
Type of shoe: ____________________
Shoe production cost includes material used to make tennis shoes and wages paid to employees in the factory.
Shoe production cost: $15.00- top quality, shoes will last 8 months
Shoe production cost: $10.00-mid level quality, shoes will last 4 months
Shoe production cost: $5.00- low level quality, shoes will last 2 months
Number of shoes produced: ______________
Cost of shoe production: ____________ (expense)
Step 3: Celebrity Endorsement and Marketing
Marketing is the promotion of products, especially advertising and branding. Marketing gets the word out about your product.
Celebrity endorsement and marketing cost: 10% of investment or $100.00 dollars (expense)
Shoe name: ______________________
Celebrity Endorsement: _______________________
Step 4: Retail Price
Retail price of shoes- How much will you charge consumers to purchase your shoes at major retailers such as Foot Locker, Lady Foot Locker, Champs, etc? In order to make a profit, you must sell shoes for more than it cost you to make them.
Example: You produce one pair of shoes for $15.00 dollars. You sell them in the store for $45.00. Your profit is $30.00.
Retail price: __________
Step 5: Design
Decide on color, style, height, etc of shoe that your team will sell in stores.
Step 6: Profit
Retail Price (-) Production & Marketing Expense = PROFIT
Profit: __________________
Monday, November 10, 2008
Fall Festival was a huge success!!!!!
On behalf of the 6th grade Young Entrepreneurs Club- THANK YOU!!!!
The Young Entrepreneurs earned $644.00 that evening and donated 25% to ACMS. The remaining money will be deposited into the bank accounts of the Wednesday club members.
With your support, our young people were able to see the fruits of their labor.
Thanks again!
The Young Entrepreneurs earned $644.00 that evening and donated 25% to ACMS. The remaining money will be deposited into the bank accounts of the Wednesday club members.
With your support, our young people were able to see the fruits of their labor.
Thanks again!
Tuesday, October 21, 2008
Fall Festival is this Friday!!!!!!!
Dear Parents,
Listed below are all activity stations, time of events and volunteers needed. Please contact me by email to let me know your volunteer availability.
Stations/Events Times # of Volunteers
Face Painting Station- 1st Floor Classroom 5-7pm, 1 adult
Pumpkin Carving Contest- 1st Floor Classroom ,5-6pm, winners announced at 6:45pm, 1 adult
Obstacle Course Contest-Playground 5-6pm, winners announced at 6:45pm, 4 adults
Food and Beverage Station- Cafeteria 5-7pm, 4 adults
Haunted House- 2nd Floor 6-7pm , 2 adults
Costume Contest- Gym, judging from 5:30-6:30pm winner announced at 6:45pm, 2 adults
Set-up Crew 3-5pm
Clean-up Crew 7-8pm
Ticket Table- Front Entrance 5-6:45pm, 2 adults
Listed below are all activity stations, time of events and volunteers needed. Please contact me by email to let me know your volunteer availability.
Stations/Events Times # of Volunteers
Face Painting Station- 1st Floor Classroom 5-7pm, 1 adult
Pumpkin Carving Contest- 1st Floor Classroom ,5-6pm, winners announced at 6:45pm, 1 adult
Obstacle Course Contest-Playground 5-6pm, winners announced at 6:45pm, 4 adults
Food and Beverage Station- Cafeteria 5-7pm, 4 adults
Haunted House- 2nd Floor 6-7pm , 2 adults
Costume Contest- Gym, judging from 5:30-6:30pm winner announced at 6:45pm, 2 adults
Set-up Crew 3-5pm
Clean-up Crew 7-8pm
Ticket Table- Front Entrance 5-6:45pm, 2 adults
Thursday, October 16, 2008
Bank with B.O.N.D
Happy Thursday!!!!!
GCAPP, ACMS and B.O.N.D Community Bank are proud to announce the Bank with B.O.N.D program! Every 6th grade student who participates in Job Club will open a savings account with B.O.N.D Community Bank.
In an effort to keep all accounting, financial and banking information cohesive, we are using one financial institution for all 6th grade students.
Please complete the Child’s Information Section of the Bank with B.O.N.D form. Forms need to be returned to Ms. Dunn by Tuesday, October 21,2008.
Please feel free to contact me if you have any further questions or concerns.
GCAPP, ACMS and B.O.N.D Community Bank are proud to announce the Bank with B.O.N.D program! Every 6th grade student who participates in Job Club will open a savings account with B.O.N.D Community Bank.
In an effort to keep all accounting, financial and banking information cohesive, we are using one financial institution for all 6th grade students.
Please complete the Child’s Information Section of the Bank with B.O.N.D form. Forms need to be returned to Ms. Dunn by Tuesday, October 21,2008.
Please feel free to contact me if you have any further questions or concerns.
Monday, October 6, 2008
Quiz- Tuesday and Thursday
Happy Monday!
This week students will be quizzed on vocabulary, concepts, and balancing bank account registers from Student Flyer 1 & 2. Vocabulary words that will appear on the quiz are as follows:
1. Bank account 2. Deposit 3. Earn 4. Interest 5. Money 6. Withdrawal 7. Business 8. Entrepreneur 9. Income 10. Job skill 11. Mentor 12. Role model
13. Self-employed 14. Work ethic
Students will also have to balance their bank account register and provide examples of Goods and Services. Students received a review sheet, that we went over together is class last week, to prepare them for the quiz.
Additionally, Job Club- Young Entrepreneurs (Wednesday Afterschool class) are hosting a Fall Festival on Friday, October 24th from 5-7pm at ACMS. We are in need of parent volunteers that evening, as well as donations that are listed on the previous blog. Please email me and let me know if you can volunteer and/or donate to the event. 25% of proceed will benefit ACMS!
This week students will be quizzed on vocabulary, concepts, and balancing bank account registers from Student Flyer 1 & 2. Vocabulary words that will appear on the quiz are as follows:
1. Bank account 2. Deposit 3. Earn 4. Interest 5. Money 6. Withdrawal 7. Business 8. Entrepreneur 9. Income 10. Job skill 11. Mentor 12. Role model
13. Self-employed 14. Work ethic
Students will also have to balance their bank account register and provide examples of Goods and Services. Students received a review sheet, that we went over together is class last week, to prepare them for the quiz.
Additionally, Job Club- Young Entrepreneurs (Wednesday Afterschool class) are hosting a Fall Festival on Friday, October 24th from 5-7pm at ACMS. We are in need of parent volunteers that evening, as well as donations that are listed on the previous blog. Please email me and let me know if you can volunteer and/or donate to the event. 25% of proceed will benefit ACMS!
Friday, October 3, 2008
Fall Festival Wish List
Dear Job Club Family,
Job Club and the Young Entrepreneurs are pleased to announce our first entrepreneurial project: Fall Festival! Fall Festival is the brainchild of your young entrepreneur, to be held Friday, October 24, 2008, from 5-7pm, at ACMS. This is an event planning business, where the Young Entrepreneurs will host an evening of fun, food and exciting contests for the entire ACMS family. Tickets are 10 for $5.00. There will be no admission fee to attend the Fall Festival, but all activities, food items and contests require tickets. Profits from Fall Festival will be divided equally amongst members of Job Club, with 25% of profits going to ACMS!
During our logistics meeting, students compiled a Wish List of supplies needed for each station or activity during the Fall Festival. GCAPP-Carerra will invest the remaining “start-up capital” and purchase items not offset by the Wish List.
Activities/Contests
Face Painting
face paint
skinny paint brushes
plastic/Styrofoam cups
3 handheld mirrors
3 table cloths
Arts and Crafts- Pumpkin “Carving” Contest
orange construction paper (stiff)
large pumpkin stencil
assorted glitter
glue
googol eye
colored construction paper
glitter markers
Gift Cards for contest winners- 3rd place- $10, 2nd place- $15, 1st place- $20. Gift card suggestion: Foot Locker, Target, Game Stop.
Haunted House
flashlights
scary music CD
black sheets or drapes
scary costumes
strobe light
fog machine
caution tape
Obstacle Course Contest
21 old/used car tires
orange plastic cones and rope
finish line tape
Gift Cards for contest winners- 3rd place- $10, 2nd place- $15, 1st place- $20. Gift card suggestion: Foot Locker, Target, Game Stop.
5. Costume Contest
Gift Cards for contest winners- 3rd place- $10, 2nd place- $15, 1st place- $20. Gift card suggestion: Foot Locker, Target, Game Stop.
Food
veggie dogs
beef hot dogs
hot dog buns
ketchup
mustard
relish
Chips- 3 varieties ( individual snack bags)
Pizza- Cheese and Pepperoni
Dessert
apple pie
pumpkin pie
whip cream
Beverage
Hot Chocolate Remix
hot chocolate mix or chocolate syrup
colored marshmallows
food coloring (green and red)
chocolate candy (chocolate chips, Hershey’s, etc)
Milk
Punch
seltzer water
punch mix
cranberry juice
Miscellaneous Items
Paper/plastic plates
Plastic forks, knives and spoons
Paper Napkins
Saran Wrap
Aluminum Foil
Hand Sanitizer
Halloween/Fall Decorations
Tablecloths- Fall Colors
Job Club and the Young Entrepreneurs are pleased to announce our first entrepreneurial project: Fall Festival! Fall Festival is the brainchild of your young entrepreneur, to be held Friday, October 24, 2008, from 5-7pm, at ACMS. This is an event planning business, where the Young Entrepreneurs will host an evening of fun, food and exciting contests for the entire ACMS family. Tickets are 10 for $5.00. There will be no admission fee to attend the Fall Festival, but all activities, food items and contests require tickets. Profits from Fall Festival will be divided equally amongst members of Job Club, with 25% of profits going to ACMS!
During our logistics meeting, students compiled a Wish List of supplies needed for each station or activity during the Fall Festival. GCAPP-Carerra will invest the remaining “start-up capital” and purchase items not offset by the Wish List.
Activities/Contests
Face Painting
face paint
skinny paint brushes
plastic/Styrofoam cups
3 handheld mirrors
3 table cloths
Arts and Crafts- Pumpkin “Carving” Contest
orange construction paper (stiff)
large pumpkin stencil
assorted glitter
glue
googol eye
colored construction paper
glitter markers
Gift Cards for contest winners- 3rd place- $10, 2nd place- $15, 1st place- $20. Gift card suggestion: Foot Locker, Target, Game Stop.
Haunted House
flashlights
scary music CD
black sheets or drapes
scary costumes
strobe light
fog machine
caution tape
Obstacle Course Contest
21 old/used car tires
orange plastic cones and rope
finish line tape
Gift Cards for contest winners- 3rd place- $10, 2nd place- $15, 1st place- $20. Gift card suggestion: Foot Locker, Target, Game Stop.
5. Costume Contest
Gift Cards for contest winners- 3rd place- $10, 2nd place- $15, 1st place- $20. Gift card suggestion: Foot Locker, Target, Game Stop.
Food
veggie dogs
beef hot dogs
hot dog buns
ketchup
mustard
relish
Chips- 3 varieties ( individual snack bags)
Pizza- Cheese and Pepperoni
Dessert
apple pie
pumpkin pie
whip cream
Beverage
Hot Chocolate Remix
hot chocolate mix or chocolate syrup
colored marshmallows
food coloring (green and red)
chocolate candy (chocolate chips, Hershey’s, etc)
Milk
Punch
seltzer water
punch mix
cranberry juice
Miscellaneous Items
Paper/plastic plates
Plastic forks, knives and spoons
Paper Napkins
Saran Wrap
Aluminum Foil
Hand Sanitizer
Halloween/Fall Decorations
Tablecloths- Fall Colors
Tuesday, September 30, 2008
Week of September 29, 2008
Happy Tuesday Everyone!
Tuesday, Thursday Job Club- This week students are introduced to Job Club Enterprises! Job Club Enterprises consists of the following:
1. Job Club Store- Students will rotate store manager positions, with store hours during the last 10 minutes of class. There will be 3 store managers at a time, giving each employee (student) the opportunity to hold that position
2. Job Club Bucks- In addition to the stipend employees receive, they will have the opportunity to earn Job Club Bucks that are redeemable only at the Job Club Store. Bucks can be earned for class participation, taking on job assignments, displaying leadership qualities and abiding by the “Standards and Expectations for the Workplace.”
3. Employee Handbook- Each employee will receive a handbook, outlining company policies and procedures in an effort to foster a safe and healthy work environment. Signed copies (employee and parent) are due next week.
4. Management Positions- All positions will rotate.
a. Human Resource Manager- keeps track of employee time sheets and distributes employee benefits (Job Club Bucks) as directed by Supervisor.
b. Communications Manager- distributes all handouts, quizzes, etc… Ensures all departments have proper supplies (pens and pencils on tables)
c. Store Managers- maintain inventory records, provide outstanding customer service and manage customer transactions.
Test on Student Flyer One & Two- Vocabulary and Concepts
Every student received a folder to keep track of their assignments at the beginning of the semester. Student Flyer One and Two can be found in the folders, along with a Review Sheet. The test will consist of the following:
Vocabulary for Flyer One & Two
Bank Account Register- students will be given transaction descriptions that must be recorded in the proper column (withdrawal/deposit), with balances updated after each transaction.
Goods versus Services
1. Job Club Store- Students will rotate store manager positions, with store hours during the last 10 minutes of class. There will be 3 store managers at a time, giving each employee (student) the opportunity to hold that position
2. Job Club Bucks- In addition to the stipend employees receive, they will have the opportunity to earn Job Club Bucks that are redeemable only at the Job Club Store. Bucks can be earned for class participation, taking on job assignments, displaying leadership qualities and abiding by the “Standards and Expectations for the Workplace.”
3. Employee Handbook- Each employee will receive a handbook, outlining company policies and procedures in an effort to foster a safe and healthy work environment. Signed copies (employee and parent) are due next week.
4. Management Positions- All positions will rotate.
a. Human Resource Manager- keeps track of employee time sheets and distributes employee benefits (Job Club Bucks) as directed by Supervisor.
b. Communications Manager- distributes all handouts, quizzes, etc… Ensures all departments have proper supplies (pens and pencils on tables)
c. Store Managers- maintain inventory records, provide outstanding customer service and manage customer transactions.
Test on Student Flyer One & Two- Vocabulary and Concepts
Every student received a folder to keep track of their assignments at the beginning of the semester. Student Flyer One and Two can be found in the folders, along with a Review Sheet. The test will consist of the following:
Vocabulary for Flyer One & Two
Bank Account Register- students will be given transaction descriptions that must be recorded in the proper column (withdrawal/deposit), with balances updated after each transaction.
Goods versus Services
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