Achievement standard 90848 - Business studies 2.6
Carry out, review and refine a business activity within a community context with guidance.
This achievement standard relates to
learning objective 7-1
Students will gain knowledge, skills, and experience to:
- explore how and why large businesses in New Zealand make operational decisions in response to internal and external factors.
and to
learning objective 7-2.
Students will gain knowledge, skills, and experience to:
- plan, take to market, review and then refine a business activity incorporating a community well-being focus, basing recommendations for the future on market feedback.
Explanatory note 2
Contexts for learning
The context for learning is a business activity, developed and carried out by the students within a community/ hapū context. This means the activity could:
- be a service to the community or part of the community
- sponsor, fundraise or donate profit or products to a community group, activity or non-profit organisation
- create an awareness campaign for a local community group.
The community context could be schools, churches, kohanga reo or marae, youth organisations, retirement villages, sports clubs, local council including parks and recreation, environmental groups or local branches of non-profit organisations.
The emphasis is on experiential learning and builds on the one-off business activity carried out at level 6 of the curriculum and NCEA level 1.
This will be an ongoing business activity (at least two cycles), with teachers giving guidance.
Modern business practice is often based around temporary project teams. This business activity could reflect this practice if teachers encourage students to select tasks based on individual strengths and interests, rather than assigning students to permanent roles. Examples of this are rotating leadership roles in meetings, when dealing with stakeholders and general tasks.
Business knowledge, concepts, and content
This achievement standard requires students to:
- plan – develop a business plan, which should include the following sections (an executive summary, an introduction, business goals (including values and priorities) marketing, people, finance, operations)
- carry out first cycle – the planned business must be carried out with reference to the business plan
- review first cycle – after the first cycle the activity should be reviewed by comparing the actual outcomes to the planned outcomes
- refine business plan – as a result of the first cycle review the business plan is refined with the aim of improving the outcomes
- carry out second cycle – the second cycle is carried out with reference to the refined business plan
- review refinements made for second cycle – after the second cycle is carried out the effect of the refined business plan including changes made to the activity are reviewed
- refine business plan – further refinements arising from the review to the market activity with the aim of making improvement(s) are suggested.
Students should demonstrate relevant business knowledge, concepts, and content for Māori business concepts, if relevant, throughout the entire business activity. For Māori businesses, the cultural values and priorities should be clearly articulated and provided for in the planning and review phases.
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 2
Last updated October 4, 2022
TOP
