The School: Lavender Primary School

Enfield-based Lavender Primary School have been working with Enabling Enterprise for the third year running, to develop eight key Enterprise Skills in their students. They have been doing this through a range of Lesson-Time Projects and Challenge Days such as ‘Business in a Day’. The Year 5 students who came along today were therefore more than ready to show off how good they were at Working in a Team in the world of work on this financial challenge.

The Business: RBS Headquarters, London

A British banking, insurance and corporate finance company, the Royal Bank of Scotland (RBS) Group ranks among the top 10 largest banks in the world by assets. In 2000, the RBS Group bought National Westminster Bank Plc, commonly known as NatWest, which is the largest retail and commercial bank in the United Kingdom. Today volunteers Teresa, Kim and Nick were on hand to help the budding entrepreneurs hone in on Problem Solving and Staying Positive. Let’s find out how they got on.

The Challenge: Trading Triumphs

The Lavender students began by interviewing the RBS volunteers, quizzing them about their role and how they use the enterprise skills in their day-to-day job. After going on a tour of the premises, including some priceless views over the city’s skyline, the mixed teams of 9- and 10-year olds learnt about the Stock Exchange and took on the role of Stock Market Traders. The trading teams, including ‘The Finest Five’ and ‘Power 4 Traders’, were introduced to their client who asked them to wisely invest an initial £25,000 on her behalf. Each group used their Listening Carefully skills and made notes on their client’s needs before conducting research on four companies they could potentially invest in.

The Results:

As the day progressed, the teams were Sharing Ideas about the different companies and the information they’d heard about the volatile stock market. With support from the RBS volunteers and their expertise, the teams were able to complete three separate trades before calculating the return they had successfully made for their client. There were many occasions where Staying Positive was crucial to the work of each team and the students reflected on the importance of this skill in each of their groups. At the end of the day, each team impressed the panel of judges not only with the staggering amounts of money they managed to make but also with the sheer confidence they showed in their presentations! They were able to communicate clearly how they had used Problem Solving to make group decisions and an overall return.

What they said:

  • “We really enjoyed the day! It was very engaging, all children were involved and working together with children they may not always work with. I think the children gained a lot from seeing a corporate organisation and talking to employees.” – Teacher, Lavender Primary School
  • “I think this hits the spot and drives the right behaviour in people. The younger we teach children real life skills, the better. And they are portable skills: you can take them into any business.” – Volunteer, RBS/NatWest
  • “We would be honoured by trading for you with these companies. Just come to us, you’ll be with the stars!” – Student, Lavender Primary School
  • “As we discussed our problems, we really kept listening to everyone’s ideas so we could make the best decision as a team and we really are the best traders in town today!” – Student, Lavender Primary School

Thanks to RBS for such a great trip day, and to Year 5 from Lavender Primary School for coming along.

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 or visiting enablingenterprise.org

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