Foundations of Business: What is a product?

Read Chapter 10.1. Watch Introduction to Product Design and Development video. Complete the Intro to Product Design worksheet. Learning Targets: I can define product. I can discuss the four product development categories and give examples of each. I can list the characteristics of an entrepreneurial start-up.

Foundations of Business: Where do product ideas come from?

Read Chapter 10.2. Watch America by Design with the following featured innovations: GMX7 Aquatic Resistance Training System, Embody Gaming Chair, Smart Transcription, Welch Allyn® RetinaVue® 700 Imager, Rachio 03 Smart Sprinkler System, and Avid S1. Select a product from the CNN New Product Watch List and complete the New Products worksheet. Learning Targets: I understand that the majority […]

Foundations of Business: Identifying Business Opportunities

Read Chapter 10.3. Watch video on Business Ideas vs. Opportunities. Watch video on Types of Utility (start at 1:11) and complete the Identifying Business Opportunities assignment. Visit Y Combinator for help with investors or finding a co-founder if you have interest in creating a start-up. Learning Targets: I can identify the difference between a business […]

Foundations of Business: Industry Analysis

Read Chapter 10.4. Watch this video on industry analysis and complete the Industry Analysis worksheet. Play Kahoot! to review material. Learning Targets: I can define industry. I can complete an industry analysis using the six forces model.

Foundations of Business: Breakeven Analysis

Read Chapter 10.6. Review PowerPoint Presentation (linked below) and complete the breakeven assignment. Breakeven Analysis Play Kahoot! to review material. Watch video on Industrial Design. Learning Targets: I understand that breakeven analysis is a method of determining the level of sales at which the company will break even (have no profit or loss). I can define the following: fixed […]

Foundations of Business: Forecasting Demand

Read Chapter 10.5. Watch this Forecasting video and complete the Forecasting assignment in Teams. Learning Target: I can define market share. I can use a spreadsheet to forecast and evaluate trend lines.

Foundations of Business: Product Development

Watch Design Mix video and complete the worksheet. Discuss product development process from Chapter 10.7. Learning Target: I can describe the process of developing a product that meets customer needs.

Foundations of Business: Protecting Your Idea

Read Chapter 10.8. Watch video on patent application process.   Discuss 4 Types of Patents: Utility patent Provisional patent Design patent Plant patent   Discuss 3 Patent Strategies: Defensive Offensive Licensing   Learning Target: I can explain a patent and the criteria required to get one.