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In a rapidly changing world, it is important that people are able to make informed and rational decisions about business matters. Business Studies considers how individuals and groups organise, plan and act to produce goods and services to satisfy customers. The knowledge and skills gained in Business Studies and exposure to enterprise culture can help shape creative, energetic and enterprising people who will contribute to New Zealand’s economic future. In Business Studies, ākonga develop their understanding of business theory and practices in a range of relevant contexts.
In this course, ākonga explore the five key themes (business formation, functions of business, people in business, business management and the business environment) within the context of a small-to-medium business, of local, national or international significance. The business should also be connected to their life, for example: a local farm, tourist operator, retail outlet, franchise, or early childcare centre.
Ākonga will look at the internal and external features of businesses that influence their success. They investigate operational business problems and provide causes, impacts, possible solutions and recommendations to address them.
Also studied in this course is the marketing mix model and human resources processes. Ākonga gain knowledge of enterprising behaviour, innovation and entrepreneurship in business contexts.
Ākonga should have a reasonable level of literacy.
Standard | Description | Version | Credits | Assessment | L1 Lit/Num | UE Lit/Num | Vocational Pathways |
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22847 | Demonstrate knowledge of innovation and entrepreneurship in business contexts | 5 | 2 | Internal | CrCreative Industries recommended standard |
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90837 | Demonstrate an understanding of internal features of a small business | 2 | 4 | External | laLiteracy achievement standard |
PrPrimary Industries recommended standard SeService Industries recommended standard CrCreative Industries recommended standard |
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90838 | Demonstrate an understanding of external factors influencing a small business | 3 | 4 | External | laLiteracy achievement standard |
PrPrimary Industries recommended standard SeService Industries recommended standard CrCreative Industries recommended standard |
|
90839 | Apply business knowledge to an operational problem(s) in a given small business context | 2 | 4 | External | laLiteracy achievement standard |
PrPrimary Industries recommended standard |
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90840 | Apply the marketing mix to a new or existing product | 3 | 3 | Internal | laLiteracy achievement standard |
PrPrimary Industries recommended standard SeService Industries recommended standard CrCreative Industries recommended standard |
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90841 | Investigate aspects of human resource processes in a business | 2 | 3 | Internal | laLiteracy achievement standard |
PrPrimary Industries recommended standard |