Analyse future proofing strategies to ensure long term viability of a business.
This achievement standard relates to achievement objective 8-1 Critically examine innovative solutions and strategies for future proofing agribusinesses to meet current and/or future needs.
Students will gain knowledge, skills, and experience to analyse innovative solutions and strategies for mitigation of current and/or future issues that best meets future needs of an identified business to ensure long term viability.
An example of a learning context could be any business that requires future proofing strategies to ensure that they best meet future needs of an identified business to ensure long term viability. For example, due to the discovery of Mycoplasma bovis cattle disease in the South Island, Livestock Improvement – a livestock genetics co-operative needs to ensure their farmer customers that their bull genetics do not have this disease. Possible future proofing strategies need to be put forward, with students recommending, evaluating and justifying an appropriate strategy that best meets future needs of Livestock Improvement to ensure long term viability of their business to this possible threat to their business.
Students are expected to demonstrate understanding of the following agribusiness knowledge, concepts, and content:
Last updated December 15, 2017