SS3 Third Term Store Management Lesson Note and Scheme of Work
Third Term – Advanced Store Management and Entrepreneurship
Week 1 – Advanced Inventory Optimization
Lesson Note: Dive deeper into inventory management, focusing on advanced optimization techniques, including ABC analysis and vendor-managed inventory (VMI).
Activities: Conduct a case study on a business that successfully implemented advanced inventory optimization. Simulate scenarios for VMI.
Week 2 – Data Security in Retail
Lesson Note: Discuss the importance of data security in retail operations, covering customer information protection and preventing cyber threats.
Activities: Analyze data breach case studies. Develop a comprehensive data security plan for a fictional store.
Week 3 – Retail Legislation and Compliance
Lesson Note: Explore legal considerations in retail, covering consumer protection laws, employment regulations, and compliance with industry standards.
Activities: Conduct a legal compliance audit for a mock store. Discuss recent legal cases in the retail industry.
Week 4 – Franchise Management
Lesson Note: Introduce the concept of franchising in retail, discussing the benefits, challenges, and key considerations for managing a franchise.
Activities: Analyze successful franchise models. Develop a franchise management plan for a fictional store.
Week 5 – Strategic Pricing and Discounting
Lesson Note: Discuss advanced pricing strategies, including dynamic pricing, bundling, and discount optimization for different market segments.
Activities: Analyze the pricing strategies of high-end and budget retail stores. Develop a dynamic pricing model for a product.
Week 6 – Store Layout Optimization
Lesson Note: Explore advanced techniques in store layout optimization, including heat mapping, shopper behavior analysis, and technology integration.
Activities: Use technology to analyze shopper behavior in a simulated store environment. Optimize a store layout based on the findings.
Week 7 – Entrepreneurship in Retail
Lesson Note: Shift focus to entrepreneurship in the retail sector, covering the process of starting and managing a retail business.
Activities: Invite a successful retail entrepreneur as a guest speaker. Develop a detailed business plan for a new retail venture.
Week 8 – Cross-Channel Retailing
Lesson Note: Discuss the integration of online and offline retail channels, emphasizing a seamless shopping experience across various platforms.
Activities: Analyze case studies of businesses successfully implementing cross-channel retailing. Develop a strategy for integrating channels for a fictional store.
Week 9 – Brand Management
Lesson Note: Explore advanced concepts in brand management, covering brand equity, brand loyalty, and strategies for brand rejuvenation.
Activities: Analyze the branding strategies of well-known retail brands. Develop a brand management plan for a fictional store.
Week 10 – Innovations in Customer Experience
Lesson Note: Explore innovative approaches to enhancing customer experience, including personalized marketing, virtual reality, and interactive displays.
Activities: Develop and present a proposal for implementing an innovative customer experience strategy in a retail setting.
Week 11 – Revision Week
Lesson Note: Review key concepts from the third term. Address any remaining questions and provide additional resources for revision.
Activities: Conduct a focused revision session with quizzes and group discussions. Address specific challenges identified by students.
Week 12 – Examination Week
Lesson Note: Administer a comprehensive examination covering the third term’s topics on advanced store management and entrepreneurship.
Activities: Implement a fair and structured examination process. Ensure proper invigilation and adherence to examination guidelines.
Week 13 – School Dismissal Week
Lesson Note: Conclude the store management course, summarizing advanced topics and emphasizing the holistic understanding gained throughout the three terms.
Activities: Allow students to reflect on their growth. Provide resources for further learning and exploration in the field of advanced store management and entrepreneurship. Distribute certificates of completion for the entire course.
