Learning Objectives
Students will understand the traits of a successful product.
Grade Levels
3-5
Standards
Aligned to Voluntary National Content Standards in Economics from the Council for Economic Education.
Standard 2: Decision Making Standard 14: Entrepreneurship
Materials Needed
Computers with internet for research
Lesson
Introduction
- An entrepreneur is someone who sees a financial opportunity and acts upon it. Entrepreneurs often start a business to fill a need that is not currently being met or met well.
- Entrepreneurs create products that people need and want to buy. This is important to help people and to help our country make money.
Explicit Instruction/Teacher Modeling
- Work with a partner to consider these questions:
- Do you know someone who has started a business?
- Have you ever thought about creating a product or improving one? What was your idea?
- People create new products all the time, but not all of them become popular. The ones that do share these common traits:
- It solves a problem.
- It is special.
- People will want/need it.
- People create new products all the time, but not all of them become popular. The ones that do share these common traits:
Guided Practice/Interactive Modeling
- Partner the students.
- Have them research the history of the “Pooper Scooper,” which is one of the best-selling pet items of all time.
- They should be able to answer 3 questions about it: what problem does it solve? Why is it special? Will people want/need it and why?
- When done, have students share things that dogs and dog owners want and need. List these on the board.
Independent Working Time
- Have students work with their partner to create a product for dogs that would be successful. They should use the list on the board to help them.
- The should also research popular dog products and their attributes here: Dog Products
- They will fill out the “My Product” sheet and create a picture of their product.
Review and Closing
- Allow students to share their products with the class.
- Review the components of a successful product.
References
AKC Shop. (n.d.). Retrieved from https://shop.akc.org/?_ga=2.8781553.555470480.1500293649-1566314312.1497964074