Agribusiness: defined as a course of study that integrates all the primary industries and businesses that comprise primary production.
Business structure: refers to ownership or governance. Examples include: Māori and other trading trusts, board of directors, co-operatives, sole trader, partnerships, limited liability company, and non-profit organisations.
Cash flow forecasting: refers to predicting future cash flow (receipts and payments).
External factors: refers to outside influences that can impact on a business. Examples include: price, exchange rate, costs, financing and environmental conditions.
External influences: have an impact on the decision making process. Examples of influences include: economic, environmental, political, cultural, social, ethical, technological, biological, scientific and legal.
Future proofing: refers to understanding the influences on a business that could affect viability.
Future proofing strategies: refers to courses of action that influence a business and may that effect long term viability. The strategies could be innovative and revolutionary.
Influences: have an impact on the decision making process. Examples of influences include: economic, environmental, political, cultural, social, ethical, technological, biological, scientific and legal.
Innovation: refers to a new method, resource, idea or product that results in adding value. Examples include: transparent value chains, biosecurity methods, apps for digital devices, GPS trackers and drones for delivery, precision horticulture and business collaborations.
Kaitiakitanga: the responsibilities and kaupapa, passed down from the ancestors, of tangata whenua to take care of the places, natural resources, and other taonga in their area
Kotahitanga: unity, solidarity
Long term viability: refers to ensuring the continuity of a business in the future. Long term is dependent on the nature of the business.
Manaakitanga: respect given to visitors, sharing and caring
Organisms: all living things. Examples include: microorganisms (bacteria, fungi, viruses), marine organisms and insects.
Primary industries: Comprises a group of sectors including; agriculture, aquaculture, dairy manufacturing, equine, forestry, horticulture, seafood, and sports turf that form the basis of modern primary production.
Product: refers to an idea, information, object, good, or service created as a result of a process and serves a need or satisfies a want.
Rangatiratanga: chieftainship or leadership
Strategic capital expenditure decision: this is a decision that requires a business to raise additional equity or finance to fund the capital expenditure. The capital expenditure is relevant to the business and the decision has a medium to long term impact.
Strategic needs: refer to strategic goals, succession planning and / or capital needs.
Tangata whenua: people of the land, Māori people
Taonga: valued resources, assets, prized possessions both material and non-material
Tikanga: meaning, custom, obligation.
Use: refers to an adaption, modification or manipulation of organisms to meet future needs.
Value chain: refers to a set of activities in a process in order to deliver a product or service to the market from producer to consumer. Examples include: processor/manufacturer, consumer distribution, market research, product research and development, promotion, and quality control.
Variation: refers to changes in income and/or expenses over a period of time as a result of an external factor influence in a cash flow forecasting budget.
Viability: refers to ensuring the continuity of a business to meet current and future needs.
Whanaungatanga: relationship, kinship.
Last updated December 15, 2017