The Schools: Pelham and Malmesbury Primary Schools

Year 5 Students from Pelham Primary in Merton joined Year 6 students from another Merton primary school, Malmesbury, for an exciting challenge at RSA. Pelham has previously done Enabling Enterprise lesson time projects to set up a radio station and design new board games. Whilst Malmesbury will later this term be starting new souvenir companies and leaning about business finance. All the students were keen to put their enterprise skills to the test with volunteers from RSA.

  • ”Through collaborating with children from a different school, pupils were encouraged to develop skills such as teamwork and negotiation.” – Teacher, Pelham

The Business: RSA, London

The RSA has existed in the UK for over 300 years. With head offices in London, they are now the UK’s largest commercial insurance company with a Global Network including around 140 countries and 19,000 employees. Students were especially lucky to visit the office of RSA CEO Stephen Hester, where they were able to ask questions about his experience of leading such a large and respected global business.

The Challenge: Money Matters

Students from the two primary schools were compiling a business plan for a new sweet shop. They were joined by volunteers from across RSA, who lent their expertise as they advised the groups during the various challenges of the day. As the teams managed the risks of their new store, they had to listen carefully to their brief and use their imagination to come up with a range of unique features their shops would use to draw in customers. Later they worked together to solve the problem of how to invest a loan, analysing the risks involved and making sure they got maximum return on their investments.

The Results:

At the end of the day the students presented their business plan to a panel of judges from RSA’s Group Executive. The judges looked for their favourite ideas and gave a range of awards for the successes of different groups. One group was rewarded for delivering the very best business pitch, clearly convincing the judges of their ideas. While others were rewarded for their teamwork, problem solving and high aspirations. Having analysed their investments, every team made a profit and was looked at ways to build their ventures in the future.

What they said:

  • “The children have had the opportunity to develop skills, such as teamwork, as well as learning about profit and loss and how it relates to a business.” – Teacher, Malmesbury
  • “The children worked well together, despite being from different schools; they found the day very interesting and I am pleased to have helped with that.” – Volunteer, RSA
  • “We are pleased because we worked hard and stayed positive in our team.” – Student, Malmesbury

Thanks to RSA for such a great trip day, and to Pelham and Malmesbury for making the most of a brilliant day.

Enabling Enterprise are working in partnership with schools and businesses to support students to build enterprise skills and aspirations. Find out more by contacting us.

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