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:
- business location issues
- quality management issues before, during and after production
- supply chain issues (out-sourcing, distribution, sourcing of raw materials)
- capital investment decisions (investment appraisal using payback period, average/accounting rate of return, net present value, with all calculations provided, qualitative factors impacting on investment decisions)
- unexpected risks involved in expanding globally such as costs, cultural and language barriers, economic uncertainty, legal regulations, trade agreements.
Related Māori concepts
Māori concepts that relate to this achievement standard include:
- tikanga
- pūtake
- tūranga
- kaitiakitanga
- rangatiratanga.
Explanatory note 2
See:
Achievement grades at level 3
Last updated November 29, 2021
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