This exercise is part A of the Exercises
assessment of your BUS 2403 course. For this part, Part A, you are required to
monitor a budget that you set for yourself and track your spending over a
period of three weeks. The exercise aims at getting to know your spending
habits, your ability to manage a budget, and your decisions on how to
distribute/use your resources (in this case your money). Please concentrate and
be organized.
Exercise Instructions: (Project is given to student early at week 8 max
week 9 so they start tracking)
These below tasks need
3 weeks of continuous involvement. Please concentrate and be organized.
Start it up and warp it
up before deadline and submit by deadline.
(This part is individual – worth 10% of your
course grade)
INSTRUCTIONS:
1.
Craft a budget for a 3 weeks and keep tabs on it. Please go to your Google store or Apple store
and download a Budget Tracker free application. (You can use a manual
Excel entry if you wish). Record all your daily expenses and analyze them at
the end of the period. What have you
learnt? Ideas? (2 marks)
2.
Thinking about your spending pattern, what
could you do better? What is your biggest challenge in terms of expenses? (2
marks)
3.
What is your saving pattern? How can you
save more money in the future? What is your motivation for saving? (2 marks)
4.
Now it is about your home. Calculate how much
food you are wasting in your home. It is an estimate. Statistically,
each resident in the UAE is wasting annually approximately 197 kg of food. How
can you decrease it to be a more responsible consumer? (2 marks)
5.
Discussion at the end of the exercise:
What kind of challenges have you
faced during this timeframe (3 weeks); Why?
How do you feel at the end of this exercise?
Discuss the main lessons you have learnt from this exercise. (2
marks)
DELIVRABLE:
2/3 PAGES (max) ON
ABOVE WITH SUBTITLES OF SECTIONS/ QUESTIONS AS PER ABOVE.
So, at the end of
week 12 , write a maximum of 3 pages (either 1, 2, or 3 pages) reflection paper
giving your teacher a summary of what happened to you during those 3 weeks and
what main financial management lessons did you learn from it and make sure to
support your work with evidences (screen shots from your application as
example).
This
activity is connected to the POV (Prj1) and OA (Prj2) projects within BUS 2403.
It allows students to participate in an
innovation project exhibition and pitching, and/or in campus-based Innovation
competition. Campuses have the flexibility to plan their own campus-based
innovation competitions format and structure the way they see most fit. Students participate in this activity usually
as a group. Since Project 3 is an individual project, faculty must have a rubric
that tests the individual work of the student, within the group.
Process:
Step 1: The teaching team
decided for this semester (202320) that all groups in all classes/sections to
participate in display and pitch in their own classes, where a faculty jury
grades all teams. All Teams participate
in the Innovation Project Display with prototype display. The jury grades form
the grades for Project 3 Part B.
Step 2: All BUS 2403 CRNs
on campus follows Step 1 as agreed by the teaching faculty team, who are also
the campus Planning Committee for the Campus Ibtikar.
Step 3: Selected teams from
each class section compete against each other at the formal Campus-based
innovation competition in the campus. At the end of this competition, 1st
place, 2nd place and 3rd place winners are announced. The
teams are all graded by a judging panel. RAK Ibtikar date for this semester is March
15 2024, at RKWC. The winning teams will be strongly encouraged to participate
in the System Ibtikar.
So in summary:
This part is an
individual Grade– worth 10% of your course grade although the display/pitching is
done in teams
Steps
to help students reflect and do their work better: DISPLAY and PITCH YOUR IDEA
OF PROJECT 2
PROTOTYPE
YOUR SOLUTION –DISPLAY YOUR PROTOTYPE
HAVE
A BUSINESS POSTER / CANVA DISPLAYED
PRESENT
WELL YOUR DESIGN THINKING THROUGH ARTIFACTS
EXPLAIN
/ PITCH TO JURY– ANSWER YOUR QUESTIONS WELL
KNOW
YOUR WORK / ACT PROFESSIONALLY
JUDGES/
OR JURY WILL GRADE BASED ON INNOVATIVE / ACTIONABLE/ FUNCTIONAL SOLUTION
Each
group will need to showcase their prototype based on their
PROJECT 2.
Student(s)
will be judge according to the following criteria:
·
Creativity? Is it new?
·
Is this solving a
problem?
·
Impactful?
·
Can they make it? Will
it work?
·
Pitching style
·
see below rubrics
