IGCSE Enterprise: Entrepreneurs

Lesson Objectives:

Review Social Enterprises:

What they are
What they aim for
Review stakeholders
Homework: prepare for an assessment on stakeholders
Starter

• https://youtu.be/BygbPf-T4wM
• Logo Quiz
Go through Test
• How did you do?
Grade %
A 55
B 45
C 36
D 31
E 26
F 21
G 16

• How can you improve? Three targets in Teams please

 Social Enterprises
• Organisations that exist to support communities and help people, the environment or
animals
• Their main aim is to help people/animals/the environment or promote a cause
• They still aim make profits but it is all reinvested back into the organisation to support
its aims and objectives
• https://www.facebook.com/BBCRadioUlster/videos/farming-matters-social-enterprise/1593512051134234/
Social Enterprises: Worksheet needed

Watch this video: https://youtu.be/7178mTndI6A How to set up a SE Ted Talk

Answer the questions on the worksheet to go with this.
Now watch this: https://youtu.be/JSY30Y8FOf4 Artisan Bakery
Answer the questions on the worksheet to go with this.
What do you think of this?
https://youtu.be/nqG4N27UHNk Tony’s Chocoloney
Great reading: What is a social enterprise - and why do we need them? (rte.ie)
Can you answer these?
Stakeholders
Stakeholders - are entities that are affected by or have an interest in business activity.
They an be internal or external to the business
Internal stakeholders include the owners, managers, employees and investors of a company.
External stakeholders comprise of the customers, competitors, suppliers, creditors, local
community/public and the government.
Stakeholders of the school:
• Competition (external)
• Government (external)
• Banks (external)
• Suppliers (external)
• Parents & students(internal)
• Staff (internal)
• Board of Governors (internal)
Coop stakeholders: Who are they? Internal or external? What might each group want? Complete a
spidergram with a partner!

Quality
goods at
Customers cheap
prices
Coop
Stakeholders
 To finish (sheet/Copy terms into notes)
Who are the stakeholders in your lives???
Complete the missing blanks by choosing the correct word/s from the list below: high wages, local community, profit, prices,
environment, products, time, jobs (one is used twice)
• Owners who are interested in how much .......... the business makes.
• Managers who are concerned about their ............
• Workers who want to earn ....... ......... and keep their jobs.
• Customers who want the business to produce quality products at reasonable.............
• Suppliers who want the business to continue to buy their............
• Lenders who want to be repaid on........ and in full.
• The .............. which has a stake in the business as it may get polluted
• Business activity also affects the .......... .............. For example, noisy night-time deliveries, loss of land or a smelly factory
would be unpopular with local residents.
• Stakeholder objectives conflict when when stakeholders don’t agree, for example customers want cheap prices but the
owners want high _______