Understanding Business Success: Profits, Risks, and Growth
Understanding Business Success: Profits, Risks, and Growth
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Understanding Business Success: Profits, Risks, and Growth

For ages 12 - 16

Includes 15 classes

1-hour session




Course Description
This course introduces key business concepts and market strategies, including profit management, business planning, customer insights, competitive analysis, and product-market fit. Through real-life case studies and interactive lessons, students will learn how to create effective business plans, analyze competition, understand business lifecycles, and explore innovative business models that shape markets.
Collapsible content
Curriculum Outline
Lesson 1: Profit Management
Learn the basics of profit, different types of profit, and strategies for maximizing profitability.
Lesson 2: YouTube Project and Learning
Analyze a YouTube case study, understanding its outcomes and lessons.
Lesson 3: Business Planning Essentials
Gain skills to create a business plan, set goals, and perform a SWOT analysis.
Lesson 4: Competitive Analysis
Learn methods to analyze competitors and create effective response strategies.
Lesson 5: Customer Insights
Explore the importance of understanding customer needs and behaviors.
Lesson 6: Understanding Business Risks
Identify various business risks and strategies to handle them.
Lesson 7: Competitive Dynamics
Study real-world rivalries like Coke vs. Pepsi to understand competition.
Lesson 8: Stages of a Business Lifecycle
Learn about the startup phase, challenges, and key growth activities.
Lesson 9: Growth Stage of a Business
Discover the growth stage, expansion challenges, and critical actions for success.
Lesson 10: Maturity and Decline in Business
Understand the maturity stage and strategies to manage or revive sales.
Lesson 11: Product-Market Fit
Discover how companies achieve product-market fit through real examples.
Lesson 12: Disruptive Business Models
Understand disruptive models that reshape industries and markets.
Lesson 13: Navigating Challenges in Disruption
Examine the risks in disruptive business with case studies on SpaceX and DJI.
Lesson 14: Cost, Price, and Value Relationships
Study the relationship between cost, pricing, and value in business.
Lesson 15: Impact of Disruption by Technology
Explore how technology affects markets and pricing, and finding product-market fit.
Tangible Outcome
Upon completing this course, students will be able to build a comprehensive business plan, conduct competitive analysis, understand customer behavior, and recognize the stages of business growth. They’ll gain skills in profit management, product-market fit, and navigating disruptive business models.
Skills Honed
- Business Planning and Strategy: Develop skills for creating business plans and performing SWOT analyses.
- Competitive Analysis: Learn techniques to assess competitors and respond strategically.
- Customer and Market Insights: Understand customer behavior and needs to drive a customer-focused approach.
- Understanding Business Lifecycles: Recognize different stages in a business lifecycle, from startup to maturity.
- Navigating Disruption: Gain skills in identifying and managing disruptive business models and technological impacts.
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BrightCHAMPS has formed a strategic collaboration with Harvard Business Publishing Education to integrate their esteemed content into our curriculum. Kids will get access to interactive Harvard ManageMentor® online courses on the website.