Slides from a presentation made at the Economic Literacy Centre Business Studies Teachers' Conference, 21 March 2014.

1. Keeping it REAL
Innovative and Fun Ideas for Business Studies
Shani Hartley
@shhartley
shartley@oakhill.nsw.edu.au

2. Keeping It REAL
Relevant
Engaged
Active
Learning
Keeping It REAL

3. Lemonade Stand Game
• http://www.coolmath-games.com/lemonade/ (needs Java installed)
• http://www.classbrain.com/cb_games/cb_gms_bag/lemonade.html
• LemonadeTycoon (app for $0.99)
Keeping It REAL
• Students play the game for at least
half an hour and then answer:
• What did you learn as a result of
playing this game?
• How could a lemonade stand
expand and improve?

4. Fun ways with Graphs
Keeping It REAL

5. LinoIt - Motivation
• Why is motivation important for business?
http://www.ehow.com/about_6398486_motivation-important-business_.html
• LinoIt: http://en.linoit.com/
• Padlet: http://padlet.com/
Keeping It REAL

6. Keeping It REAL

7. Online Quiz - Entrepreneurship
• Self Evaluation Quiz
http://www.potentielentrepreneur.ca/client/QuestionnaireNewSection1En.asp
• Would you make a good entrepreneur?
• Why or why not?
Keeping It REAL

8. TV Clips -Young Entrepreneurs
• Sunrise http://youtu.be/3LEprgHwv9o
• Self-made millionaire at 14yo http://youtu.be/1C9tTUuWSfU
• The making of a young entrepreneur http://youtu.be/EblQj_pZFlQ
• A 12 year old app developer http://youtu.be/ehDAP1OQ9Zw
Keeping It REAL

9. Involve the Principal – Managing Change
• Managing change effectively.
• identifying the need for change
• setting achievable goals
• resistance to change
• management consultants
• To meet these outcomes, students were asked to act as management
consultants to the Principal and write a business report about a change they
would like to see in their school.
Keeping It REAL

10. Movie Clips -Critical Path Analysis
• TV Show ‘Numbers’ clip: http://youtu.be/DT37Sntncg0
Keeping It REAL
• On Saturday, I want to cook my family a big breakfast of toast, scrambled eggs and some
bacon.
• It takes me 3 minutes to make the toast
• It takes 1 minute to break and whisk the eggs and then I need to put them in the
microwave for a further 3 minutes.
• The grill takes 2 minutes to heat and bacon takes 4 minutes to cook under the grill.
• The breakfast takes me 1 minute to serve and a further 10 minutes to eat.
• Once I have eaten my breakfast I need to wash up which takes a further 2 minutes and
then put the plates away which takes 2 minutes.
• Create a critical path analysis diagram and calculate the quickest time I can take to make
breakfast and clean up afterwards.

11. Definitions – 4 Pics 1Word
• Before Flappy Bird and Candy Crush
there was 4 Pics 1Word
Keeping It REAL

12. Definitions - 4 Pics 1Word
Keeping It REAL

13. Lego - Operations
• Divide the class into teams and supply each team with a bucket of Lego,
preferably with very similar components.
• Ask each team to build a house, a car or some fairly well known item.
• Discuss the usefulness of operations processes and strategies.
Keeping It REAL

14. GoogleDocs - Packaging
Keeping It REAL

15. GoogleDocs - Packaging
Keeping It REAL

16. Trade Fair - Marketing
Keeping It REAL

17. Board Room – ‘learn to’
• Arrange the classroom to represent two boardroom tables
• Assign a CEO for each table (the boards can compete)
• Provide a scenario for one of the ‘learn to’ points such as:
• recommend possible operations strategies for one hypothetical business
• recommend strategies to improve financial performance
• Let them go
Keeping It REAL

18. Monopoly - Accounting
• Students play Monopoly
• They record every transaction according to the principles of double-entry
accounting
• Revenue: Income from passing Go, rent received and prizes for coming
second in the beauty competition
• Expenses: Rent paid, doctors’ fees, school fees and fines
• The net profit was calculated by taking expenses away from revenue
• This is all listed on the Revenue Statement
Keeping It REAL

19. Monopoly - Accounting
• On the Balance Sheet the profit was categorised as capital.
• Liabilities:Any amounts owed to the bank due to mortgaged properties
• Assets: Property, houses, hotels and cash held
• For the Balance Sheet to actually balance: assets = liabilities + capital
• One major check at the end was seeing if the cash remaining did indeed
match the calculation according to the recorded transactions
Keeping It REAL

20. Scattergories - Revision
1. Download iPhone app ‘ Scattergories Timer & Dice’ (a student per group or just teacher) - If not using app, can
use actual game dice or pick letters out of hat or teacher determines letter (just make sure they are letters that
will produce many words)
2. Students need pens and paper (scrap paper is ideal) and be organised into groups of 4-6
3. Decide on categories (can pull out of hat to determine order, revealing as required, write on board) – the 4 HSC
topics are ideal, or business names
4. Once the first category is announced, determine and state the letter (start the app, roll the dice, etc)
5. Start the timer (app does 1 min from the time the letter is revealed – recommend 1-2 mins)
6. At the end of the allotted time, students in their groups read aloud their words. Any words repeated by 2 or
more in the group are crossed off. Any words remaining may be challenged by others in the group for
authenticity and belonging to the category. Spelling isn’t important. Majority rules in determination.
7. Score for each student in each round is the number of unique words they have (they write number at top of list)
8. Repeat for another letter for the same category (up to 3 times in total) or move onto the next category
9. Winners can be determined for each category and in total.
Keeping It REAL

21. Presentations -Two Stars and aWish
Keeping It REAL

22. Image Sources
• Lemonade Stand Game – screenshot
• Liquid Chalk – www.OfficeWorks.com.au Graphs – author’s own photos
• LinoIt – screenshot
• Online Quiz – Office.com ClipArt
• Entrepreneur – Office.com ClipArt
• The Principal – Office.com Clip Art
• Numbers - http://en.wikipedia.org/wiki/David_Krumholtz
• 4 Pics 1Word – author’s own and student’s work
• GoogleDocs – screenshots
• Lego – author’s own photo
• Trade Fair – author’s own photos
• Boardroom – Office.com ClipArt
• Monopoly – from Flickr by Images_of_Money under Creative Commons
• Scattergory Dice - http://vizionstudios.blogspot.com.au/2009/08/guess-what-ive-got-fever-and-only.html
Keeping It REAL