scenario 1-12

Part #1: There are 12 attached files. each file contains a scenario. each scenario must have a write up of at least two pages, the write up is a research of the scenario learning outcome. Add a tittle at the beginning of the page of which scenario was used. for example: page one and two in the top write scenario one, page three and four write scenario two, page five and six write scenario three and so on. Add references for each scenario, do not put all the scenarios in one page at the end of the paper. for example for page one and two ad a page that is for example 2a and add the references there and for scenario two when yr done with page three and four add a page after page four for example 4A and add the reference there. Part #2: When done with the scenarios 1-12 then write up half a page as a preparation for a meeting that discusses what the scenario means and brush up on the learning outcome in each scenario so basically just a summary of the research done in part one but as a discussion. Each page should have 2 scenarios, for example page one first half should have scenario one and on the second half scenario two. specify which scenario it is on the top of each explanation in part two. Also add a reference/references at the bottom of each scenario discussion. *All the sources that are used must be relating to the references in each scenario Also Attached is an example research scenario and an example preparation for meeting. Do not use these two files as part of the work they are just an example to look at. Scenario 1 29/09/16 Deciding on a Business Structure During your first year at University you were part of a team who developed an electronic device. You were all rather pleased with it and one or two of you wondered about the possibility of mass producing it and selling it for profit. One evening you decide to raise the matter with the local barman. Barman Well you will never get rich working for someone else. You should take that electronic gizmo you’ve got there make loads of them and sell them. You Yes, but if it was that simple everyone would be doing it, and they’d all be rich too. I don’t know anyone who runs their own business Barman Yes you do. Bill has his own lorry, he does haulage work. He seems to be doing alright. You Doesn’t look very rich to me, doesn’t come in here much either. Seems to spend a lot of time working or sorting out books or accounts for the VATman. Barman Well electronics is different isn’t it? Especially if you are a boffin doing electronic design at Huddersfield University. You could make loadsamoney. You I could probably lose loadsamoney too. Anyway I need to find out how to set up a business first. Barman Well Bill did it. Think he started as a sole trader or something then decided he was better off being limited or a plc or something. I don’t know, you should talk to him. You The trouble is there are a few of us involved with this design and we have a few more ideas between us. Barman Well why don’t you talk to Debbie, Jane and Marie? They’re partners. You I thought they were hairdressers? Barman Yes and they work for themselves, got their own premises and everything, they’re not a franchise. You Didn’t realise how many people ran their own business, but none of those you mentioned involve design and manufacture. I think it would need a lot of careful planning, but you’ve given me something to think about…. Learning Outcomes Following this PBL cycle you should be able to: o List the type of business structures that exist in the UK today. o Discuss the relevance of the different possible structures and explain which structures are appropriate under different circumstances. o Choose an appropriate business structure for designing, manufacturing, marketing and selling your electronic device. o Explain your reasons for this choice (as opposed to some other structure). Resources Library Catalogue Small Business Guides How to start ad run your own Business etc Internet www.startinbusiness.co.uk www.bbc.co.uk/learning/subjects/business_studies.shtml http://news.bbc.co.uk/1/hi/business/ www.businesslink.gov.uk/bdotg/action/home?&domain=www.businesslink.gov.uk www.smallbusiness.co.uk www.startups.co.uk