FBM Team are Top of the League!

June 2014

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Mrs Lobb with this years Future Business Magnates team.

We have had considerable past success in the Future Business Magnates (FBM) competition and this year looks set to be another cause for celebration. Our team of Year 8 students, who are working with Business Studies teacher, Mrs Lobb, are currently at the top of the league table with an impressive 20 point lead following four challenges.

The ingenious business concept developed by our team this year is an app aimed at reducing food waste, aptly called Waste Wise.

The last challenge involved developing a marketing and communications campaign to promote this innovative product; students attended a marketing workshop where they learned about the importance of marketing and the variety of techniques used by industry professionals to ensure the success of new products. Following this, the team submitted a comprehensive marketing report, which earned them 127 points out of a possible 130; it was this excellent achievement that placed our team at the top of the table.

With only two challenges to go, one of which involves delivering a business presentation to a panel of esteemed judges at Thorn Lighting at Spennymoor, we are hopeful of a good result. The competition concludes on July 4th with an awards dinner at the Excel Centre in Newton Aycliffe where the winner is announced.