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Lesson Plan 5
LESSON PLAN: Business Studies
Grade: 11
Context: Action Plan and Business Venture
Duration: 16 hours/ 4 weeks
Learning Outcome 2: Business Ventures
The learner is able to identify and research viable business opportunities and to explore these and related issues through the creation of achievable business venture.
Assessment Standard
11.2.7 Avenues of acquiring businesses and their advantages and disadvantages as well as their contractual implications.
11.2.8 The benefits and challenges of establishing a company versus other forms of ownership.
Integration within the subject:
11.3.2 Apply creative thinking to address business problems and to improve business practice.
11.3.3 Discuss the theories and principles of professionalism and ethics, and explore how they relate to the business environment.
Content:16 hours/ 8 weeks
Avenues of acquiring businesses (e.g. franchising, outsourcing, leasing), and their advantages and disadvantages as well as contractual implications (e.g. royalties, legalities).
The benefits and challenges of establishing a company versus other forms of ownership (including taxation issues).
Forms of ownership (sole proprietor, partnership, close corporation, company
Acquire problem-solving skills in a business context.
The theories and principles of professionalism and ethics, and explore how they relate to the business environment.
The difference between good and bad decisions.
Prior knowledge:
Setting up a business venture using an action plan
Extended activity:
The learners can visit the school library to have access to newspapers, journals, magazines and internet to get an understanding of the different forms of ownership.
Expanded opportunities:
The learners can visit the local businesses to investigate and identify the forms of ownership.
Teachers
Activity Learners
Activities LTSM Assessment
Strategies S K V Time The teacher groups the learners and presents a scenario to learners on business acquisition,( e.g. pictures, leaflets, newspapers and video tapes) of a franchise shop or a dealer such as Kentucky Fried Chicken, Steers, Mcdonald, Pick n Pay, Shoprite Checkers etc. The teacher unpacks on acquisition of business ventures such as
- Franchise, Outsourcing and leasing. The teacher further explains the contractual implications
(e.g. royalties and legalities) to the learners by probing examples from the learners. The learners brainstorm and discuss the scenario presented to them by the teacher. The learners link up the advantages and disadvantages to the avenues of acquisition that they have been introduced to. The learners can now debate around the selection of a suitable form of acquisition. The learners listen carefully and debate by citing examples to confirm their understanding.Pictures
Leaflets
Newspapers
Video tapes and textbooksDebates, discussions.
Role play.5 hrsThe teacher must guide the learners in brainstorming the various forms of business ownership. Should there be any omissions by the learners, the teacher will make additions. The teacher must facilitate the choice of a form of business ownership, by highlighting the challenges and benefits of each form of business ownership.Learners brainstorm the various forms of business ownership, drawing from the experiences they gathered while visiting the school library and local businesses. The learners debate and discuss their suitable choices based on the benefits and challenges of each form of ownership.Legal documentse.g. Companies act. Close Corporations act. Textbook and charts.Baseline
Debate and discussion.3 hrsThe teacher facilitates a discussion on all problem solving techniques and ensures that the learners are able to apply them in solving the various problems.
The teacher instructs the learners to work on a case study of his/her own scenario, where learners are expected to apply a suitable technique to a problem addressed in a case study. The learners are also involved in a debate and discussion, ensuring their understanding of the problem solving techniques and how to apply them in various problems. Learners are responding to a case study.News study
Text book
Wall charts
Video tapes. Case studyCase study
Debate and discussion.
Role play(problem solving process)4 hrsThe teacher defines and explains professionalism and ethics. The teacher explains theories and principles of professionalism and ethics. The teacher facilitates the discussions with learners over theories and principles of professionalism and ethics and explores how they relate to business environment. The teacher explores the difference between good and bad decision.
The learners listen and take notes. They confirm understanding by asking questions for clarity. The are involved in debate and discussion of theories and principles of professionalism and ethics. The learners give examples to indicate the relationship of the theories and principles of professionalism and ethics to business environment. The learners brainstorm, debate and discuss good and bad decisions in order to explore the differences between good and bad decisions.Text book
Hand out
Newspapers
Internet
Videotapes and CDs.Debate and discussion.
Role play
Simulation
Case study.4 hrsTeachers reflections
Date of completion:
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