90 year six students from Liphook Junior School had a hugely enjoyable day running a stationery company thanks to partial funding from Allianz. The students took part in SATRO's Junior Business Game, a business simulation activity designed to encourage the students to think creatively and realise the importance of teamwork when trying to make money!
Employees from the local Allianz office volunteered their services along with several Governors, offering invaluable advice and encouragement to the young entrepreneurs.
As the students' fledgling companies emerged, they produced prototypes before competing for orders from a discerning panel of buyers. Bank accounts were opened and the newly appointed Accountants wrestled with the intricacies of cash flow, meanwhile the Purchasing Managers constantly demanded money for more resources! Sales Managers were kept busy promoting their companies. The game threw the students some real challenges along the way but they all coped wonderfully.
Employees from the local Allianz office volunteered their services along with several Governors, offering invaluable advice and encouragement to the young entrepreneurs.
As the students' fledgling companies emerged, they produced prototypes before competing for orders from a discerning panel of buyers. Bank accounts were opened and the newly appointed Accountants wrestled with the intricacies of cash flow, meanwhile the Purchasing Managers constantly demanded money for more resources! Sales Managers were kept busy promoting their companies. The game threw the students some real challenges along the way but they all coped wonderfully.
"I learnt how hard our Mums and Dads work and it gave me a little idea of what I want to be when I am older - and I could see how hard Marketing Managers have to work," one pupil remarked.
Later in the day, in a quest to win the best presentation award, the students prepared a short presentation outlining what they had learnt throughout the day. Competition was tough as the judges listened to the children describe their first foray into the business world.
Liphook's Executive Head, Michele Frost said, "We had the most AMAZING day today. Thank you."
"All children were on task and enthusiastic throughout the day. The children were challenged to work together and encouraged to meet deadlines. They enjoyed the experience as they were shown new skills and treated as adults. A real insight into the world of business!" Charlotte Bardsley, Upper School Leader, commented.
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