ISSUES
: Business and Trade
Chapter 1: Business today
11
Findings show an increase in
mean scores pre- and post-Tenner
across all competencies except
for Teamwork – cooperation.
The greatest progressions are in
creativity, communication and
confidence – all of which are
statistically significant results at the
95% confidence level.
Furthermore:
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83% of participants feel that
Tenner has provided them with
an opportunity to learn and
achieve new things.
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71% experienced a progression
in between one to five
competencies (on average
young people experienced
a progression across five
competencies).
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58% feel that Tenner has helped
them in further defining their
career choices.
Entrepreneurial attitudes
Tenner evaluation also looks at key
entrepreneurial attitudes. A series of
three business oriented statements
were presented to participants
testing their preferences and
attitudes towards self-employment:
1.
I know what running my own
business would involve.
2.
Running my own business
sounds like a good idea.
3.
I am aware of self-employment
as a career path.
All statements show a progression
in average pre- and post- scores
except for no. 2. This is a similar
finding to our 2014 results in which
feedback from young people and
teachers attribute to the business
realities that young people face
when setting up and running
their business. Undeniably, going
through the process bring to the
fore the steps and qualities required
to set up businesses which many
might find discouraging right after
the Tenner Challenge; especially if
the team made a loss.
Social outcomes
Part of the Tenner Challenge
encompasses the notion of social
responsibilitybyenablingparticipants
to look at the ‘3 Ps’: Profit, People
they engage with and Planet.
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65% of young people agreed
that Tenner helped in making
their
school
and
local
community a nice place.
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76% of teams donated all or
part of their profits to charities
for a total of £29,147 – the
highest donation being £5,212.
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65% of young people say that
following Tenner, they will now
take part in extra-curricular
activities outside school.
This suggests that the Tenner
Challenge encourages community
engagement, both within school
and the wider local area.
Conclusion
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The Young Enterprise Tenner
Challenge represents a safe
environment for young people
to experience running their own
enterprise. It provides a unique
opportunity for them to engage
in enterprise education –
offering the platform to develop
key employability skills. The
programme also contributes to
the school’s statutory obligation
to prepare pupils for the
opportunities, responsibilities
and experiences of later life and
supports. Tenner also supports
PSHE education in England
and Personal and Social
Education Framework in Wales
by providing an opportunity to
develop employability, team
working and leadership skills
and learn about the economic
and business environment.
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Learning
outcomes
show
a positive link between the
Tenner Challenge activities and
all employability skills tested
– with statistically significant
progression in problem solving,
resilience,
communication,
creativity and confidence.
Arguably skill areas that
require repetitive application to
develop and improve skill areas
which the month-long activity
provides a suitable time frame
for.
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83% of young people felt that
Tenner has provided them with
an unique opportunity to learn
and achieve new things.
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Entrepreneurial activities such
as Tenner gives students the
opportunity to explore self-
employment as a potential
career option, thereby helping
young people to further define
their career orientations.
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Anecdotal evidence indicates
that one of the consequences
in providing entrepreneurial
experiences is the power it
has in naturally discriminating
those who are more inclined
to become entrepreneurs.
Indeed, by engaging in ‘trying
the opportunity out’, many will
get a first-hand experience of
the obstacles occurring when
running a business and will
thereby get an early indication
of the viability and future
success of their business ideas.
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The
Tenner
Challenge
encompasses the notion of
social responsibility and offers
young people the opportunity to
engage with local communities
and people they would not
otherwise engage with. 65%
of young people agreed when
asked if they felt Tenner helped
in making their school and
local community a nice place,
with another 66% engaging on
extra-curricular activities as a
result of Tenner.
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The Tenner Challenge promotes
the welfare of others and
provides young people with
philanthropic
opportunities.
In total, over £29,147 was
donated to good causes, with
national charities and local
charitable projects as the main
benefactors. This provides an
opportunity to consider values
as an important consideration
when making decisions.
2015
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The above information is
reprinted with kind permission
from Young Enterprise. Please
visit
and
for further information.
© Young Enterprise 2016
