Monday 23 February 2015

Enterprise Day - Mathematics

Catapult Corporations 

 

As a new member of staff this was my first encounter with this aspect of Enterprise at Winston. What an experience this was! 

The sessions took the students through three stages of an enterprise process:

1.       Creating an innovative and effective prototype.
Students learned the importance of putting thought into designing a product that was both appealing and effective.
This could involve experimentation and some dead ends.
 

 

2.       Mass producing and selling simple catapults on an large scale.
This phase gave students experience of the repetitiveness of the production phase.
Nonetheless it emphasised the need for quality control. Each catapult needed to be as good as the previous one.
Those who amended and streamlined their production did better than those who stayed with their original approach.
 

 
 

3.       Investing  profits in a simulated stock market context.
Students who took big risks realised that there were big profits to be made.
Teams soon appreciated that it was better to move the shares around rather than sit and wait. 
 
 
 
 
 
 

Many students threw themselves into the initial designs only to find that their catapults fell short (literally?). Others thought through their designs, tested them thoroughly and decorated them meticulously in order to gain appearance points from easily influenced maths teachers. One group designed their catapult as a cat. Is this not conclusive that year tens do have a sophisticated sense of humour? Along with these points, teams earned money according to the range achieved in ten trials of their catapults.
 


 

The mass production started at a heady pace over in the gym. Some designs soon appeared on assembly lines, with each member playing their part. Many groups indulged in commercial skulduggery by walking round the gym and pinching ideas! Each team had to buy card, spoons, peas and elastic bands with the money gained earlier. Catapults were then tested and sold at a profit. Although a few teams wilted a bit at this stage, everybody made some money to carry forward. Some already had the makings of a nice sum with which to invest. 
 
 

The most exciting and energising stage  of the day was the simulated stock market. Mr Parsons was the focal point of proceedings and spent a good deal of time whipping the participants into a frenzy! The maths staff operated the banks in their usual efficient manner. ‘Buy low – sell high’ was uttered innumerable times during the afternoon.
 
 
There were gasps and cheers as the latest news from around the world was announced and the share prices changed. Teams invested in an oil company, mobile phone company. football club and travel company. After a slow start the room was buzzing with activity as money was being  made,  and sometimes lost, at an incredible rate.  
 

Many multi-millionaires were made in one afternoon. The largest amount being over 400 million pounds. When the final results were announced the winning teams celebrated. Having said this, feedback has suggested that the experience was worthwhile and enjoyable for the all those who entered into it. 
 
 

However, such is the current wretched state of the Mathsland  Pound, even the lucky winners could not afford a bag of chips on the way home!
 
David Rusted
Maths