Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Business
Lesson Topic: the concept of adding value
Learning Objective/s:
  • Describe what adding value means in a business context.
  • Explain why businesses add value and the benefits of doing so.
  • Identify at least three ways firms can add value to products or services.
  • Apply the value‑added formula to calculate value added from given cost and price data.
  • Evaluate how value‑adding activities influence competitive advantage.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Printed handout of the value‑chain diagram
  • Worksheet with value‑added calculation exercises
  • Calculators
  • Sticky notes for brainstorming
 Introduction:
Start with a quick show of two similar smartphones, asking students which they would pay more for and why. Recall previous lessons on profit and cost to link the idea of creating extra worth. Today students will be able to define adding value, list ways businesses do it, and calculate value added.
Lesson Structure:
  1. Do‑now (5') – students compare two products and note perceived differences.
  2. Mini‑lecture (10') – define adding value, why it matters, and introduce the value chain.
  3. Interactive activity (15') – groups analyse the wooden chair example and complete a value‑added table.
  4. Strategy brainstorm (10') – each group selects a way to add value and creates a brief pitch.
  5. Check for understanding (5') – quick quiz/exit ticket with one calculation.
Conclusion:
Summarise that adding value increases profit and competitive edge, and that it can be measured with the simple formula. For the exit ticket, students write one real‑world example of a value‑adding strategy and calculate its value added. Homework: research a local business and identify at least two value‑adding activities they use.