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© Business Studies Online
Learning ObjectivesLearning Objectives
What we will learn today:
1. To demonstrate your understanding of a range of Enterprise Skills needed to be successful in business
2. To understand making connections, using ‘Mindmaps’ to create and organise ideas and plans
What will be expected from me:
Create mind maps, individual exercises
Why are we doing this:
...because successful businesses are forward thinking
© Business Studies Online
StarterStarter
Dyson's new vacuum cleaner "The Ball" was developed in order to compete against the increasing number of bagless vacuum cleaners available. The innovation of placing a ball at the bottom of the cleaner is an example of which enterprise quality?
The ability to ask why?
The ability to ask why not?
Deliberate creativity
Taking risks?
© Business Studies Online
AnswerAnswer
The ability to ask why not?
This is the most appropriate answer BECAUSE you thinking about Why not try a different way of using a vacuum cleaner by using a ball system?
© Business Studies Online
Unit 1.2: Skills of an entrepreneur
Think ahead/Make connections
Show Initiative
Take risks
Make decisionsThink creatively
‘Deliberate creativity’‘Deliberate creativity’
Asking ‘Why?’
& ‘Why not?’
Protecting your Big Idea
Risk Vs Reward
Calculated risk
© Business Studies Online
What Does It Take To Be What Does It Take To Be Enterprising?Enterprising?
Creative thinking, Taking risks, plus:
Think AheadJeff Bezos quickly saw the potential of the internet to sell products
He set up Amazon in1995
Make ConnectionsUnderstand how one event may affect another
E.g. oil prices higher costs for businesses
Show InitiativeBeing prepared to risk being wrong
Take a lead
Make people believe in you
Make DecisionsDecisions are constantly required in business
The Carphone Warehouse made the decision to buy TalkTalk
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Activity 1- Enterprising skillsActivity 1- Enterprising skills
CommitmentRisk takingLike rewardsGamble own moneyProblem solvingBoldAdventurousPlanningEvaluateCommunicateListen to othersTeam playerLeadership
Task: Now choose any three and explain why they are important in relation to your own business? (9 marks)A01 = 0 – 3 marks A02 = 4 – 9 marks
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Activity 2: Cool DinnersActivity 2: Cool Dinners
Now turn to page 77 and 78 and read ‘Cool Dinners’
Complete the exercises 1 and 2
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Mind MapsMind Maps
A planning tool that combine 2 skills:
Thinking ahead (making connections)
Deliberate creativity
Resulting in:Ideas + a Plan
© Business Studies Online
Using Mind MapsUsing Mind MapsAn example would be:
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Benefits of a Mind MapBenefits of a Mind Map
Developing a mind map helps:
BRAINSTORMCome up with ideas
CATEGORISEOrganise your ideas in a logical way
LINKRecognise that there will be some overlap between your categories and ideas
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How To Create A Mind MapHow To Create A Mind Map
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Activity: Create a mind mapActivity: Create a mind map
10 minutes to create a mind map to show all the Enterprise Skills that are needed to be successful in business (all you have learnt in this Unit 1.2)
Use examples from a variety of entrepreneurs and companies or brands you are familiar with to illustrate those skills
You will be asked to explain why you chose that person to illustrate that skill
© Business Studies OnlineSlide 13
Examples of entrepreneurExamples of entrepreneur
© Business Studies Online
Unit 1.2: Skills of an entrepreneur
Think ahead/Make connections
Show Initiative
Take risks
Make decisionsThink creatively
‘Deliberate creativity’‘Deliberate creativity’
Asking ‘Why?’
& ‘Why not?’
Protecting your Big Idea
Risk Vs Reward
Calculated risk