Learning by Doing
A project designed to provide students with the opportunity of working as in the 'real' business world and, in particular, to ensure they learn to take responsibility for their own actions. The school uses a range of methods especially brainstorming, role play and project-based learning activities as they take the young people through the practical experience of setting up and running a company.
Purpose and process
The main aim of this method - seen as an 'educational game' - is to prepare students for self-employment through the use of the most effective formula, namely 'learning by doing'. Young people set up their own mini-companies and follow processes close to the real life practice they would encounter if working in the actual economy.
Summary of the process:
- students search for a suitable idea and eventually choose their product/service
- they prepare a realistic business plan of the proposed undertaking
- they accumulate the yearly capital necessary to start their business activity
- they carry out market research
- they produce and sell their products/services and are expected to produce appropriate documentation in line with current business practice.
Students participating in the educational game are encouraged to:
- be proactive and to think independently and creatively
- take a business risk
- apply a broad range of entrepreneurial knowledge and skills previously developed in younger classes and various subject lessons
- experience for themselves how important careful planning, proper organisation, effective time management and human resources management are to company success
- learn what it takes to build contacts with businesspeople, state institutions and especially with community representatives in their local environment.
Curricular or thematic relevance
The activity can be used as part of Economics lessons in order to raise studentss awareness of the issues connected with running their own business.
How to organise:
Can be run during timetabled lessons and /or as an extra-curricular activity.
Assessment and evaluation approaches
Fully integrated into the process of setting up and running a successful company which is financially effective and fulfils clients' requirements in terms of product/service production.
Cooperation with professional businesspeople from large and small companies is indispensable as the students need lots of points of reference to help them when searching for and discovering about economic rules. The school and the teachers can help to some extent but this needs supplementing by the expertise of external partners.
helper do TM detail body (June 6th, 1st half)