Poverty is systematic and manmade cycle. Innovation and education are the foundations to escape this vicious cycle. Generational wealth and financial literacy are tools for students to understand this hierarchy and be able to address the role it plays in their lives.
Activities
1) CEO
Have students research CEOs of the following companies searching up the following information:
CEO salary
Founder
Background story of company
Is the company international or only domestic (how many employees)
Salary/Wage of average employee
Education level required for the average employee
Companies to research:
McDonald’s
Burger King
Wendy’s
Amazon
Subway
Shoprite (Or your local grocery chain)
KFC
Taco Bell
Dunkin Donuts
Walmart
Arby’s
Pizza Hut
Domino’s
Students must analyze whether or not they believe that the average employee can afford their basic needs and whether they believe that they will be living under the poverty line.
The point of the exercise is for students to analyze the wealth gap between employees and employers. In addition, students can start to observe how you cannot work in any low paying job without a high school diploma.
2) Innovation
Students should be divided into small groups and assigned social media companies like the following:
Facebook
Instagram
Twitter
Whatsapp
SnapChat
Once students are assigned their social media company they must cocreate a presentation including the following information:
CEO’s/Founder
Background Story
Purpose of App
Education Level
Daily Users
Annually Revenue
Net Worth
Is the company owned by original founder or was there a buyout
Whether or not an international phenomenon
Company Size/Amount of Employees
Purpose of activity is to highlight not only the importance of education but the fundamental role of innovation.
3) Build Your Own Business
In this activity students will be creating their own company and will present it to the class.
Students must come up with a company name, mission statement, objectives/goals for their business, tasks that must be executed, leadership type (team versus sole boss), what kind of employees do you need to make a successful business, what resources are needed (location, finances, etc.)
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