Achievement standard 91381 - Business studies 3.3
Apply business knowledge to address a complex problem(s) in a given global business context.
This achievement standard relates to
learning objective 8-1.
Students will gain knowledge, skills and experience to:
- analyse how and why New Zealand businesses operating in global markets make operational and strategic decisions in response to interacting internal and external factors.
Explanatory note 1
Contexts for learning
In a given global business context, this achievement standard requires students to explore a complex problem, its causes and effects, and apply business knowledge to provide a range of possible solutions and recommendations for the problem. Students can apply relevant practical business experience they have gained during the programme of learning to suggest a possible viable solution. The complex problem will be one that affects the business in multiple ways. These include problems arising from (in no particular order):
- quality control issues arising from substandard manufacturing, compromised design through cost cutting
- distribution problems from use of intermediaries, language or cultural barriers
- issues arising from a breach of intellectual property agreement, exploitation of ethno-botanical resources
- conflicts arising from change such as relocation of manufacturing, industrial action due to international disparity in employment agreements, new ownership
- poor investment decisions arising from external factors
- risks involved in expanding globally such as costs, cultural and language barriers, economic uncertainty, time zones, legal regulations, trade agreements.
Related Māori concepts
Māori concepts that relate to this achievement standard include:
Explanatory notes 2
Achievement grades at level 3
Last updated August 27, 2014