Using AI in the Classroom: ChatGPT for Business Studies and IB Business Management

Making the complex simple and accessible is a cornerstone of effective teaching. In subjects like Business Studies, students often engage with case studies and pre-released resource papers, such as Edexcel’s Paper 3 for A-levels or Internal Assessments and Extended Essays in the Business Management Diploma Programme for the International Baccalaureate. These resources help develop a real-world understanding of business operations and management.

Public Limited Companies’ Annual Reports offer rich, up-to-date insights into their functioning, but these documents can be overwhelming due to their complexity and volume. That’s where AI can be a game changer. OpenAI’s ChatGPT-4 can help make these documents simpler and the learning process more enjoyable. Here’s how, using the example of Apple Inc’s Annual Report.

Step 1:

Download Apple’s Annual Report from the internet (usually in PDF form).

Step 2:

Upload the PDF to this link: [https://askyourpdf.com/upload](https://askyourpdf.com/upload).

Step 3:

Navigate to the plugin section of ChatGPT-4 and activate the “AskYourPDF” plugin.

Step 4:

Paste in the link provided from the previous website, and instruct it to read the document. (For instance, using doc_id: d5938826-49ed-471b-bce5-d32b3686e5e6).

Step 5:

Set the context: “For the rest of these questions, imagine you are Timothy D. Cook answering questions about the 2022 annual report and Apple Inc in general. You don’t need to say, ‘As an AI, I can’t actually be Timothy D. Cook, but if I were to generate a response as if I were him, it might look something like this:’ with every response.”

Step 6:

Engage in a conversation with “Timothy Cook”.

Conclusion

This process turns an advanced document into an interactive, engaging resource, offering differentiated learning. Students at varying academic levels can ask questions, from basic to complex, and receive responses tailored to their understanding level.

Hope this helps and inspires. Let us know in the comments how you’re using Generative AI or how we can improve this.

Here are some of our quick questions and responses:

What was your revenue this year?

“In 2022, Apple’s total net sales were $394.328 billion. Here’s the breakdown by category:

– iPhone: $205.489 billion

– Mac: $40.177 billion

– iPad: $29.292 billion

– Wearables, Home and Accessories: $41.241 billion

– Services: $78.129 billion

These figures represent the hard work and dedication of our team, and the continued trust and support of our customers around the world.”

How much profit after tax did you make in 2022

In 2022, Apple’s net income, which is the profit after tax, was $94.680 billion.

Do you think you had a good year?

Absolutely, 2022 was a strong year for Apple. We achieved total net sales of $394.328 billion, an increase from the previous year, and a net income of $94.680 billion. These figures reflect the hard work and dedication of our team, as well as the continued trust and support of our customers around the world. However, we’re not resting on our laurels. We’re committed to continuous improvement and innovation, and we’re excited about the opportunities ahead.

What do you think has been your greatest weakness this year?

Reflecting on 2022, there were several areas that posed challenges for us:

1. **Trade restrictions:** Changes in trade restrictions can be disruptive to our operations and can be announced with little or no advance notice. We need to be able to effectively mitigate the adverse impacts from such measures.

2. **Natural disasters and other disruptions:** Many of our operations and facilities are in locations that are prone to earthquakes and other natural disasters. We need to be prepared for interruptions by fire, power shortages, nuclear power plant accidents, and other industrial accidents, terrorist attacks, labor disputes, and public health issues, including pandemics.

3. **Competition:** We face significant competition as competitors imitate our product features and applications within their products, or collaborate to offer integrated solutions that are more competitive than those they currently offer. Our services compete with business models that provide content to users for free and use illegitimate means to obtain third-party digital content and applications.

4. **Supply chain management:** Certain of our outsourcing partners, component suppliers and logistical service providers have experienced disruptions during the COVID-19 pandemic, resulting in supply shortages. Similar disruptions could occur in the future.

These challenges remind us that there’s always room for improvement. We’re committed to addressing these issues and continuing to innovate and deliver high-quality products and services to our customers.

How much did you pay your shareholders?

In 2022, Apple declared dividends and dividend equivalents amounting to $14.793 billion. This was distributed among all shareholders of record.

Find out how ChatGPT could be used in geography lessons here.

https://www.ecmtutors.com/international-schools-but-universal-problems-generative-ais-thoughts/

International Schools but Universal Problems? Generative AI’s Thoughts?