1. Topic 1 review  Using pencil and ruler, draw an bar chart to show your grade  Draw across the graph to show your comfort grade  Read the teacher comment and write your response Beauchamps High School

2. Starter  http://news.bbc.co.uk/1/hi/england/8692272.stm http://news.bbc.co.uk/1/hi/england/8692272.stm Beauchamps High School

3. GCSE Business Studies Enterprise & creative thinking Beauchamps High School

4. Will be able to evaluate the importance of calculated risk Evaluation ~ GCSE Grade A* Will be able to propose reasons for setting up a business Synthesis ~ GCSE Grade A Will be able to analyse the elements of enterprise Analysis ~ GCSE Grade B Will be able to demonstrate understanding by using examples/cases Application ~ GCSE Grade C Will be able to explain the difference between goods and services Comprehension ~ GCSE Grade D Will be able to recall key terms Enterprise and Risk Knowledge ~ GCSE Grade E

5. Enterprise Beauchamps High School Theory Notes A willingness by an individual or a business to take risks, show initiative and undertake new ventures

6. Enterprise Beauchamps High School Theory Notes Enterprise Willingness to undertake new ventures Risk Taking Initiative

7. Risk Taking  Enterprise involves an element of risk.  Things may go wrong  if risks have been considered and planned for, then they are usually easier to manage and address. Beauchamps High School Theory Notes

8. Risk Beauchamps High School Theory Notes The chance of damage or loss occurring as a result of making a decision

9. Showing initiative  Making the first move  Making things happen  “Thinking outside the box” Beauchamps High School Theory Notes

10. Willingness to undertake new ventures  Be on the look out for new opportunities.  Not all new ventures are successful  Enterprising individuals will have the nerve to leave these ventures and look for more successful ones Beauchamps High School Theory Notes

11. Thinking creatively Beauchamps High School Theory Notes Coming up with new and unique ideas

12. Importance of Thinking Creatively  Gives the new business competitive advantage  Not easy for other businesses to copy Beauchamps High School Theory Notes

13. Deliberate Creativity  Uses different methods of thinking  Going through different thought processes, new ideas emerge  Examples: Discussions, mind maps, lateral thinking Beauchamps High School Theory Notes

14. Lateral Thinking  Thinking differently to try and find new and unexpected ideas Beauchamps High School Theory Notes

15. Question  A man and his son are in a car crash.  The father is killed and the child is taken to hospital gravely injured.  When he gets there, the surgeon says, 'I can't operate on this boy - for he is my son!!!' How can this possibly be? Beauchamps High School

16. Answer  The surgeon can not operate on her own son; she is his mother. Beauchamps High School

17. Question  There are six eggs in the basket. Six people each take one of the eggs.  How can it be that one egg is left in the basket? Beauchamps High School

18. Answer  The last person took the basket with the last egg still inside. Beauchamps High School

19. Question  Five pieces of coal, a carrot and a scarf are lying on a hill near a remote house.  Nobody put them on the lawn but there is a perfectly logical reason why they should be there.  What is it? Beauchamps High School

20. Answer  They were used by children who made a snowman.  The snow has now melted. Beauchamps High School

21. Blue skies thinking  Technique used in deliberate creative thinking  Participants are encouraged to think of as many ideas as possible about a problem or issue Beauchamps High School Theory Notes

22. Deliberate Creativity example Beauchamps High School

23. Task Beauchamps High School

24. Task  Using your new ways of thinking, come up with an improvement or new product for a business of your choice  Peer Assessment: Stars wish Beauchamps High School

25. Will be able to evaluate the improvement to the product Evaluation ~ GCSE Grade A* Will be able to propose an improvement to a product Synthesis ~ GCSE Grade A Will be able to analyse the importance of thinking creatively Analysis ~ GCSE Grade B Will be able to demonstrate understanding by using examples/cases Application ~ GCSE Grade C Will be able to explain the methods used to think creatively Comprehension ~ GCSE Grade D Will be able to recall key terms thinking creatively Knowledge ~ GCSE Grade E