Monday 21 June 2010

Dragon's Den - Anita Kaur

Recently, all of the Second Year Business classes have completed a project - Dragon's Den. Modelled on the successful television series, the pupils had to create a suitable, yet unique, product with no outs help. It gave pupils a chance to use their imagination and express themselves whilst freely deciding what they thought of the business world. The groups of two or three had to create a business plan that included their idea, finance strategy, market research, profit and loss projections and manufacturing costs. Some groups even included advertisements such as radio jingles, which showed that they understood the reality of the project.

The groups then had to present their presentation to three Sixth Year "Dragons". These "Dragons" were all studying Higher Business Management, so the groups knew their presentations had to be perfect and professional. This experience gave the young entrepreneurs both confidence and experience. The winner of each class then had to present their business plan to real business men and women from East Renfrewshire Council. All three presentations were great, and the business people were extremely impressed by the amount of hard work from all the pupils.

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