First-Fourth Key Chain Company

First-Fourth Key Chain Company - 20th Year!
Students at Normandy and Westerly get a first-hand experience in how to succeed in business each year. The program pairs first-graders (in Diane Poretsky's class) with fourth-graders (in Barb Woodburn's class) in an enterprise that includes manufacturing and marketing key chains made of brightly-colored beads.

Started with a grant from the Bay Village Education Foundation in 1997 (written by Barb Woodburn and retired teacher Nancy Glinka), the program won the Economics America and Harvard Business School Club of NE Ohio Samuel H. Ellott award for Leadership in Economic Education in 2004.

Students acquire skills that include problem-solving, negotiation, compromise, persuasion and active listening. They account for the cost of raw materials as well as transportation for a field trip and travel between schools. They then determine if pricing will cover costs and a profit. The company has "payroll" that is paid in small school supplies. Students schedule and staff production lines, and they plan advertising and marketing presentations. Every student has a job title with specific responsibilities. The profits go to buy supplies for the next year's program and to buy something (such as a tree or flag) for the two schools as "rent," a cost of doing business.

School subjects that are naturally integrated into this activity include language arts, math, science and the arts. And students acquire a body of knowledge required in social studies curriculum.
Website by SchoolMessenger Presence. © 2018 West Corporation. All rights reserved.