Our goal today is to create an illustrated foldable that highlights the struggles that businesses face along with the rewards that are gained.
What are things companies struggle with? How may consumers be negatively affected by the company? What about the community? On the other hand, what gains do companies make? How are the employees treated? What benefits are brought to the customers or community?
For this assignment, there are two main categories you are going to research: 1) Risks 2) Rewards (the header of the two sides of your foldable. Choose a company that you shop at or know a lot about (preferably one in your community).
For each of these main topics, you are required to find the following information :
1) Risk/Reward that applies to big companies
2) Risk/Reward that applies to small companies
3) Risk/Reward that applies to companies of all types
Write a summary about the risk/reward and provide polling/statistical data or Anecdotal (reviews) illustrating each section (I recommend using the Bureau of Labor Statistics).
Example: One risk companies face, especially smaller businesses, is the high level of stress. Small businesses take a lot of work to make successful. In order to increase the likelihood of a company staying in business if the workers are diligent, efficient, and have a good strategy. Unfortunately, this sometimes leads to burnout trying to force things to work out. According to the Bureau of Labor Statistics, nearly 2/3's of entrepreneurs develop mental health challenges due to startup companies.
In the middle section of your foldable, please find a story of a company that either struggled and closed or prospered. Describe what went wrong, what went right, and advice you would give another person based on your research. Create a picture in this section representing risk/reward and the business you discovered.
Key Terms:
Entrepreneur (Chapter 3, Section 3)
Free Rider (Chapter 3, Section 3)
Negative Externality (Chapter 3, Section 3)
Positive Externality (Chapter 3, Section 3)
Below, I provide a couple of examples of advantages/rewards or disadvantages/risks some companies face.
