Entrepreneurship Club Neha Narain & Shivani Maru

Objectives  Aims to give an insight into the entrepreneurial process.  For students who aspire to study economics/business studies in the future and people who generally have an interest.

 Students learn about these concepts through context as they apply their new knowledge to real-life examples.  Fun and unique activities, ranging from skills including creativity and public speaking.  Conducted by students for students – a learning experience for both groups.

Target Students Year 7, Year 8 & Year 9 Students (maximum 20 students) Students with a creative mind or who would like to learn how to stimulate their creativity. Students considering to study in the field of Economics/Business Management

GUEST SPEAKERS Guest speakers will belong to companies that range between size and industry. Students will gain a first-hand insight into the process and world of entrepreneurship.

WE WILL NOW DEMONSTRATE TO YOU AN EXAMPLE OF ONE OF THE SESSIONS THAT THE STUDENTS THOROUGHLY ENJOYED. Neha will be conducting the session whilst Shivani gives you side pointers and evaluates the effectiveness of the session Neha conducts.

GLOBALISATION

What is globalization from an economic perspective? Globalization refers to the increasing interdependence between countries globally in terms of trade and manufacturing. MNCs- Multi National Corporations. These are very large firms which have production facilities in more than once country. Can you think of any?

What is globalization from a cultural perspective? As cultures begin to integrate and merge, many cultures adopt different aspects from different cultures. Can you think of any such cultures? Has this happened in your own culture? Most importantly, is this a good thing?

Advantages of Globalization Interdependence and higher quality goods and services as each country specializes in what they are good at (this sounds a bit like division of labour, doesn’t it?) Cheaper goods and services More reliance and better national ties

Disadvantages of Globalization Too interdependent High levels of competition and therefore high barriers to entry (remember when we spoke about this?) Countries and cultures may be negatively influenced and many people may complain of loss of tradition

Trading Game Details Gold- 5 points per unit Oil – four points per unit Lumber- three points per unit Electronics- two points per unit Coffee- one point per unit

Looking back… Loosing country: would you have done anything differently? Did you notice any constant setbacks? Winning country: what do you think made your trading game so effective? Did anyone notice any patterns in trade after the 2 announcements were made?

NEXT STEPS- ENTREPRENEURSHIP WITH PHILANTHROPY  Thinking of future possibilities  Students in the club use their entrepreneurship skills in order to raise money for charity

QUESTIONS?