Business Information Management II. “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted.

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Presentation transcript:

Business Information Management II

“Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1)Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. Copyright © Texas Education Agency, All rights reserved. 2

Goals for This Lesson Students will complete a business project Students will analyze the effectiveness of their project Students will evaluate their project team 3Copyright © Texas Education Agency, All rights reserved.

Analyzing the Project Conduct a SWOT Analysis Strengths-advantages Weaknesses-disadvantages Opportunities-new developments or innovations Threats-obstacles Change plans as necessary depending upon the analysis 4 Copyright © Texas Education Agency, All rights reserved.

Evaluating the Team Effort Project Retrospective – used to evaluate : Group planning Staying on schedule or not What worked and what didn’t work If changes were effective Personal Retrospective – used to evaluate: your own contributions to the project As well as your team members’ contributions 5 Copyright © Texas Education Agency, All rights reserved.

Cost-Benefit Analysis Costs can be tangible: Monetary costs of supplies Costs of equipment Costs of space rental, if applicable Costs of advertising (paper, ink, printing services) Or Intangible: Opportunity costs of the team members’ time spent on the project Overall stress level, depending upon how well the project was implemented 6 Copyright © Texas Education Agency, All rights reserved.

Cost-Benefit Analysis (continued) Benefits can also be Tangible: Profit from an event Increased business Or Intangible: Goodwill Improved morale Team-building 7 Copyright © Texas Education Agency, All rights reserved.

Assignments Students will each conduct a SWOT analysis for their particular project. They may create a table in Word or any application that works for the student. They may use templates in businessballs.com or create their own form, and they should include at least 5 criteria for strengths, weaknesses, opportunities, and threats. Students will complete a Project Retrospective form using the HP template or create their own. Students will also complete a Personal Retrospective form using the HP template or create their own. Students will create a Cost-Benefit Analysis using any Microsoft application to compare tangible and intangible costs and benefits of the project. 8 Copyright © Texas Education Agency, All rights reserved.