BMGT 110 Week 2 Discussion

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Week 2 Discussions

Week 2 Discussion - Financial Markets 

In this week's readings, you have read about how businesses raise financial capital. There is a great deal to be considered when moving from idea to business. Part of this is the ability to describe your business in that "elevator speech" in a quick understandable way that makes others understand why your business will be successful. Well, that's what they do on the T.V. series "Shark Tank."  If you have never seen it - you are in for a treat! 

On the show, budding entrepreneurs get the chance to bring their dreams to fruition in this reality show. They present their ideas to the sharks in the tank -- five titans of industry who made their own dreams a reality and turned their ideas into lucrative empires. The contestants try to convince any one of the sharks to invest money in their idea. When more than one of the sharks decide they want a piece of the action, a bidding war can erupt, driving up the price of the investment. 

 Some contestants are clearly more successful than others! In fact, sometimes watching the contestants make their pitch you wonder if they conducted any kind of feasibility study at all. Other contestants have clearly done their homework and even if they do not get an offer from one of the Sharks, you know that they will find a way to succeed based on how thoroughly prepared they are.

Preparation: 

Watch one of the episodes of Shark Tank listed below.  What you are looking for is a contestant who has made his or her pitch on Shark Tank. Your purpose for watching these clips is to evaluate how well they presented their business idea! 

Shark Tank: Full Opening - The Season 10 Premiere Episode | CNBC Prime

https://www.youtube.com/watch?v=GshCKImwzy8

Shark Tank: Full Opening - Season 10 Episode 3 | CNBC Prime

https://www.youtube.com/watch?v=a8MPdoOyNJ0

Shark Tank || Fairy Shoes || Worst Pitch Ever

https://www.youtube.com/watch?v=SZVtJ_1gwYs

For Discussion: 

Once you have selected an episode/entrepreneur from the show - evaluate how well he or she presented the business idea. Did it seem like they had a strong presentation that warranted funding? Remember, if you decide you want to move your business from idea to reality you will have to make this same kind of pitch to bankers, suppliers, creditors and investors - it just won't be on TV. 

Initial Post:

Now that you have watched and evaluated these budding entrepreneurs you are ready to make you initial post which must:

1. Identify the episode name that you watched. Provide the link to the clip, so that we can watch it ourselves.

2. Provide a brief summary of the business idea that was pitched and describe the entrepreneur pitching the idea.

3. If your clip included the decision by the sharks to invest or not to invest, please let us know that.

4. Most importantly, provide your assessment of their "pitch."  Refer to the course readings and tell us what type of funding you think they should pursue. Was their financial pitch on target?  Should they have asked for more money?  Did the sharks spend too much or take over too much of their business?

 5. Lastly, would YOU have invested in their business if you were one of the sharks? Why or why not.

Responses to Classmates’ Posts

After you have created your initial post, look over the discussion posts of your classmates and give at least two responses to different classmates (one per classmate) as outlined in the Discussion Grading Rubric.

A response posting should be a minimum of one short paragraph. Word totals for these posts should be in the 75–100-word range.  The goal of your response posts is to extend discussions already taking place or pose new possibilities or ideas not previously voiced.  Your goal should be to motivate the group discussion and present a creative approach to the topic.  Do not merely agree or disagree, repeating what a classmate stated or what you have already stated.  Explain the 'why and how' with supporting evidence and concepts from the course material.  Include in-text citations and associated reference within a reference list.

Let's have fun with this discussion and let these contestants inform us about the importance of have a well thought out, researched business concept backed by analysis and research. 

See you in "The Tank"! 

LICENSES AND ATTRIBUTIONS

CC LICENSED CONTENT, ORIGINAL

Adopted from: Linda Williams and Lumen Learning. License: CC BY: Attribution

Self-Plagiarism: Self-plagiarism is the act of reusing significant, identical or nearly identical portions of one's own work.  You cannot re-use any portion of a paper or other graded work that was submitted to another class even if you are retaking this course.   You also will not reuse any portion of previously submitted work in this class.  A zero will be assigned to the assignment if self-plagiarized.  Faculty do not have the discretion to accept self-plagiarized work.