Achievement standard 90839 - Business studies 1.3
Apply business knowledge to an operational problem(s) in a given small business context.
This achievement standard relates to learning objective
6-1.
Students will gain knowledge, skills, and experience to:
- understand how, as a result of internal and external factors, small business owners make operational decisions that have consequences for the success of their business.
Explanatory note 2
Contexts for learning
In a given small business context, this achievement standard requires students to discuss an operational problem, its causes and impacts, and apply business knowledge to provide a range of possible solutions and recommendations for the problem.
The operational problem will be a routine problem/issue affecting the business. These include problems arising from:
- recruitment of employees (poor recruitment practices, skills shortages)
- cash flow (slow payers, bad debtors, low sales, credit tightening)
- workplace incidents (workplace accident, workplace conflict)
- marketplace changes (new competitor, negative publicity)
- production disruption (natural disasters, pandemic, technology breakdown)
Related Māori concepts
Māori concepts that relate to this achievement standard include:
- tikanga
- pūtake
- tūranga
- kaitiakitanga
- rangatiratanga.
See also:
Explanatory notes 3, 4, and 5
See:
Achievement grades at level 1
Last updated October 4, 2022
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