On 28th June nineteen Year 12 Business Studies students visited the prestigious Reed Business School – a stunningly converted 15th Century Manor House situated in the picturesque village of Little Compton in the Cotswolds. Reed Business School is a UK centre of excellence for professional qualification tuition, founded in 1972. The school specialises in ACCA, CIMA, ICAEW and CII qualification provision and boasts pass rates far above the national average.
The day began with students discussing their plans for the future and deciding within their groups who inspires them. Congratulations to Lewis Standley, Marin Beeson and Joshua Moorhouse whose reasons for why Winston Churchill inspires them impressed the staff from the business school.
Students then moved on to the main activity for the day – a business challenge. Students used a simulation programme on computers based on them buying and selling Help for Heroes wrist bands. Students were required to decide the selling and buying price for their products, consider their debtor and creditor terms as well as how much stock they would hold and other costs such as advertising. As the simulation ran the teams were judged on market shares, sales revenue and ultimately how much money they had in their bank account as they did not want to become bankrupt and lose the game. The game clearly outlined to students the importance of positive cash flow and enabled them to develop their team work and decision making skills. Congratulations to Callum Wright and his team of Scott Wood, Kieran Shaw and Thomas Chambers who were victorious in the final round and displayed excellent knowledge in the key variables needed to be successful and knock out their competition.
Students were then treated to a lunch and given maps to explore the stunning location before being treated to a careers talk by a representative from Reed Recruitment Agency. This gave students some vital tips on university applications, interview techniques and life after education. Students found the experience extremely interesting and opportunities were given to ask questions and explore further the options available to them post Tudor Grange.
The day was enjoyed by all and the students represented Tudor Grange Academy Redditch exceptionally well, again showing what a wonderful group of Business Studies students we have. A big thank you to Reed Business School for their hospitality and we look forward to continuing this relationship in the future.