Preliminary Business Studies…

Course Information and Assessment

2020

PRELIMINARY ASSESSMENT IN HSIE

The HSIE Faculty will follow the policy and procedures outlined in the AHS Assessment Policy and Procedures Booklet.

Please note in particular the following points;

• If you have a legitimate reason why you will be unable to achieve an assessment deadline, you may be eligible for special consideration on your task. You must notify your teacher and negotiate this well BEFORE the due date of your task. You may require supporting documentation.

• All tasks are generally required to be submitted in PAPER form, NOT electronically, unless your task specifically states otherwise. Be organised.

• Be aware that computer or electronic failure are NOT considered by NESA to be a valid reason for a late or non-completion of tasks. Always, always, always back up your work.

• Students are required to submit their tasks before the end of school day ON THE DUE DATE and it will therefore be enforced in HSIE that all tasks must be received by 2.50pm.

• Failure to submit tasks on or before the due date will result in a deduction of marks. 20% will be deducted for each day that the task is late. After 5 school days, students will receive a zero mark and be issued an academic warning letter. Students will still have to submit the task to clear the warning and to be able to complete the course.

Exceptions include the following;

• ILLNESS fully covered by DOCTORS CERTIFICATE. You must see your classroom teacher / Head Teacher HSIE before school the morning of your return and present your paperwork.

• MISADVENTURE covered by a MISADVENTURE FORM. See your classroom teacher / Head Teacher HSIE before school the morning of your return to school and present your paperwork.

Non-Serious Attempts and Malpractice.

• NESA requires that all student assessments submitted are a serious attempt of the task. Non-Serious Attempts attract an N-Award Warning Letter and you will be required to resubmit the task to ensure you meet NESA standards of ‘diligence’. Please be aware you must make a ‘reasonable attempt’ of all assessment tasks. Your teacher will specifically advise you of what constitutes a ‘reasonable attempt’.

• Malpractice is a serious matter and includes plagiarism and cheating. In HSIE, there is a significant research component across our subjects, and it is important to pay particular attention to plagiarism and accurate referencing. ANY infraction to NESA policy will result in a ZERO mark on the task, an N-Award Warning Letter and you will be required to resubmit the task. Be aware that further consequences can include Executive intervention, suspension and formal reporting. Please refresh and ensure you understand your obligations as outlined during the compulsory “All my Own Work” program or seek advice from your teacher if you are unsure of your obligations.

For further information on Ambarvale High School Assessment requirements, please refer to your HSC Assessment Booklet provided.

Preliminary Assessment Grid 2020:

Notice of Assessment Task

Preliminary Business Studies

Date of initial notification: Term 1, Week 2

Date of submission: Term 1, Week 8 (Thursday)

Task Number: 1 Weighting of task: 30%

Course component/Focus area/Topic/Module: The Nature of Business

Task Description: Media Research and Report This task is an opportunity for you to show your understanding of the impact of internal and external influences on businesses. Use the stimulus below to complete the tasks that follow: The NSW government has set the growth and support of business in NSW as one of its priorities for the year. As a result of this the NSW Department of State and Regional Development has commissioned you to write a report on recent (contemporary) issues facing business in Australia.

1. Create a Media File – 10 marks

a) Find 5 current articles collected from newspapers, magazines, TV, radio or the internet. Each article must be about an issue created by an external or internal factor that has influenced the business environment. For example, an article about a change the government has made to workplace safety law, or changes in interest rates. (Include a copy of your media)

b) For each article, summarise the key business issue/s to demonstrate your understanding of contemporary business issues.

c) Each article must be referenced appropriately – author, source and date. 2. Write a business report – 10 marks

Using the issues identified in your articles and your own knowledge, write a business report of no more than 2,000 words (4 pages) for the NSW Department of State and Regional Development that explains how internal and external aspects of the business environment can impact on businesses in NSW.

Outcomes assessed: P2 explains the internal and external influences on businesses P3 describes the factors contributing to the success or failure of small to medium size business P5 examines the application of management theories and strategies P7 plans and conducts investigations into contemporary business issues P9 communicates business information and issues in appropriate terms

Notes:_________________________________________________________________________________________________________________________________

Marking Criteria – MEDIA FILE Band /Mark • Selects 5 highly relevant business articles from varied and reliable sources that

address a range of contemporary business issues • Provides a concise summary for each article that demonstrates comprehensive

understanding of contemporary business issues and implications for Australian Businesses

• Applies appropriate referencing for each article

9 - 10

• Selects 5 relevant business articles from reliable sources that address contemporary business issues

• Provides a summary for each article that demonstrates a good understanding of contemporary business issues in Australia and how they may affect businesses.

• Applies referencing for each article

7 - 8

• Selects relevant business articles that address business issues • Provides a summary of the articles that demonstrates some understanding of

contemporary business issues in Australia • Applies referencing for the articles

5 - 6

• Selects limited articles that may address business issues • Provides a basic summary that demonstrates a basic understanding of business

issues in Australia • May reference the articles

3 - 4

• Limited number of articles or has limited relevance to business issues. • May provide a limited summary and demonstrates limited understanding of

business issues or may neglect to provide summary. • Limited or no referencing of articles

1 - 2

MARK /10

Marking Criteria Band /Mark • Provides a perceptive analysis and forecast how internal and external influences

will impact on business opportunities in NSW and should be managed. • Exceptional standard of information regarding internal and external influences,

effectively integrating contemporary business issues from the articles. • Presents a sustained, logical & cohesive report adeptly using business

terminology.

9 - 10

• Provides some logical analysis of how internal and external influences may impact on businesses in NSW and could be managed.

• High standard of information regarding internal and external influences that incorporates contemporary business issues from the articles.

• Presents a logical and cohesive business report using business terminology.

7 - 8

• Soundly outlines how internal and external influences may impact on businesses • Communicates in a cohesive business report structure about internal and

external influences, with reference to businesses from their articles. • Presents a structured report that soundly uses business terminology.

• Identifies some influences on businesses that may or may not refer to media. • Presents a basic response about businesses that may be in the form of a

business report and/or may not effectively use business terminology. 3- 4

• May mention influences on businesses. • Presents a limited response about businesses with limited use of terminology. 1 – 2

MARK /10

TOTAL MARK

/20

Notice of Assessment Task

Preliminary Business Studies

Date of initial notification: Term 1, Week 2

Date of submission: Term 2, Week 5 (Friday)

Task Number: 2 Weighting of task: 35%

Course component/Focus area/Topic/Module: The Nature of Business

Task Description: Half Yearly Examination (90 minutes) This task will contain multiple choice, short answer questions as well as an extended response question. The examination will cover the following areas of content. The Role of Business, Types of Businesses, Influences in the Business Environment, Business Growth and Decline, Nature of Management, Achieving Business Goals, Management Approaches.

Outcomes assessed: P1 Discuss the nature of business, its role in society and types of business structure P2 Explains the internal and external influences on businesses P3 Describes the factors contributing to the success or failure of small to medium size business P5 Examines the application of management theories and strategies P6 Analyses the responsibilities of business to internal and external stakeholders P9 communicates business information and issues in appropriate forms

Notes:___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Notice of Assessment Task Preliminary Business Studies

Date of initial notification: Term 1, Week 2

Date of submission: Term 3, Week 7 (Thursday)

Task Number: 3 Weighting of task: 25%

Course component/Focus area/Topic/Module: Business Planning

Task Description: Business Plan for a S.M.E Using the scenario below you are required to write a business plan for a small medium enterprise (SME) in the form of a business report. A scaffold of headings has been provided below. You may refer to your class notes, textbook and other resources. Scenario: A site in the local shopping centre has become vacant. The centre management has announced a unique opportunity for prospective store owners – a chance to secure the store by submitting a business plan. As a young entrepreneur, you have decided that now is the perfect time for you to put into practice all the knowledge and skills developed in your study of business and write a business plan. Scaffold: You will need to provide relevant detail regarding:

• Business name - registration • Legal structure – incorporated Vs unincorporated • Vision • Business goals – social, financial, environmental • Situational analysis – where are we now • Operations – supply chain, layout, scheduling/rostering, hours of

business, inventory management • Marketing – target market, marketing strategies 4P’s • Finance – budget, sources of finance (Equity Vs Debt) • Human resources – HR cycle. • Forecasting – breakeven analysis, budget, sales forecast, market

share • Benefits your business will provide to the shopping centre.

Outcomes assessed: P3 Describes the factors contributing to the success or failure of small to medium size business P4 assesses the processes and interdependence of key business functions P6 Analyses the responsibilities of business to internal and external stakeholders P7 Plans and conducts investigations into contemporary business issues P8 Evaluates information for actual and hypothetical business situations P9 Communicates business information and issues in appropriate forms P10 Applies mathematical concepts appropriately in business situations

Notes:____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Marking Criteria – BUSINESS PLAN OF A S.M.E Band /Mark • Demonstrates detailed knowledge and understanding of

business structures, influences, functions and processes • Presents a sustained, logical and cohesive response in the

form of a convincing business plan, using relevant business terminology and concepts

• Succinctly communicates detailed information relevant to the scenario

25 – 30

• Demonstrates thorough knowledge and understanding of business structures, influences, functions and processes

• Presents a logical and mostly cohesive response in the form of a viable business plan, using business terminology and concepts

• Communicates information relevant to the scenario

19 – 24

• Demonstrates sound knowledge and some understanding of business structures, influences, functions and processes

• Presents a business plan using business terminology and concepts

• Communicates some information relevant to the scenario

13 – 18

• Demonstrates basic knowledge of some of business structures, influences, functions and processes

• Presents a basic business plan using some business terminology and concepts

• May provide information relevant to the scenario

7 – 12

• Demonstrates limited understanding of business • May present a basic business plan using limited business

terminology and information that may be relevant to the scenario

1 – 6

MARK /30

Teacher Comments:_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Business Studies

Stage 6 Syllabus

June 2010

Original published version updated: August 2013 – Updated with minor amendments

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20110863 20130570

9 Content: Business Studies Preliminary course

9.1 Preliminary topic: Nature of business

20% of indicative time

The focus of this topic is the role and nature of business in a changing business environment.

Outcomes

The student: P1 discusses the nature of business, its role in society and types of business structure P2 explains the internal and external influences on businesses P6 analyses the responsibilities of business to internal and external stakeholders P7 plans and conducts investigations into contemporary business issues P8 evaluates information for actual and hypothetical business situations

Content

Students learn to:

examine contemporary business issues to: discuss the global expansion of one Australian business discuss the expansion into Australia of one global business explain how changes in external influences have contributed to the growth of the tertiary,

quaternary and quinary industries in Australia identify problems that arise for stakeholders when companies go into liquidation

investigate aspects of business using hypothetical situations and actual business case studies to: distinguish between the different types of businesses identify actual businesses at different stages in the business life cycle outline possible business strategies appropriate for different stages in the business life cycle Students learn about:

role of business the nature of a business

producing goods and services profit, employment, incomes, choice, innovation, entrepreneurship and risk, wealth and

quality of life

types of businesses classification of business

size – small to medium enterprises (SMEs), large

local, national, global industry – primary, secondary, tertiary, quaternary, quinary legal structure – sole trader, partnership, private company, public company, government

enterprise factors influencing choice of legal structure

size, ownership, finance

influences in the business environment external influences – economic, financial, geographic, social, legal, political, institutional,

technological, competitive situation, markets internal influences – products, location, resources, management and business culture stakeholders

business growth and decline stages of the business life cycle

establishment growth maturity post-maturity

responding to challenges at each stage of the business life cycle factors that can contribute to business decline voluntary and involuntary cessation – liquidation

9.2 Preliminary topic: Business management

40% of indicative time

The focus of this topic is the nature and responsibilities of management in the business environment.

Outcomes

The student: P2 explains the internal and external influences on businesses P4 assesses the processes and interdependence of key business functions P5 examines the application of management theories and strategies P6 analyses the responsibilities of business to internal and external stakeholders P7 plans and conducts investigations into contemporary business issues P8 evaluates information for actual and hypothetical business situations P9 communicates business information and issues in appropriate formats P10 applies mathematical concepts appropriately in business situations

Content

Students learn to:

examine contemporary business issues to: discuss strategies that could reconcile the conflicting interests of stakeholders compare and contrast approaches to management explain the benefits of quality management practices

investigate aspects of business using hypothetical situations and actual business case studies to: identify the qualities of managers who have exhibited high personal and ethical standards analyse different ways of coordinating key business functions for an SME examine effective cash flow management assess the role of the income statement and the balance sheet when describing the financial

performance of a business explain how SMEs manage change effectively

Students learn about:

nature of management features of effective management skills of management

interpersonal, communication, strategic thinking, vision, problem-solving, decision-making, flexibility, adaptability to change, reconciling the conflicting interests of stakeholders

achieving business goals profits, market share, growth, share price, social, environmental achieving a mix of the above goals staff involvement – innovation, motivation, mentoring, training

management approaches classical approach

management as planning, organising and controlling hierarchical organisational structure autocratic leadership style

behavioural approach management as leading, motivating, communicating teams participative/democratic leadership style

contingency approach adapting to changing circumstances

management process coordinating key business functions and resources operations

goods and/or services the production process quality management

marketing identification of the target market marketing mix

finance cash flow statement income statement balance sheet

human resources recruitment training employment contracts separation – voluntary/involuntary

ethical business behaviour

management and change responding to internal and external influences managing change effectively

identifying the need for change business information systems

setting achievable goals resistance to change management consultants

9.3 Preliminary topic: Business planning

40% of indicative time

The focus of this topic is the processes of establishing and planning a small to medium enterprise.

Outcomes

The student: P1 discusses the nature of business, its role in society and types of business structure P3 describes the factors contributing to the success or failure of small to medium

enterprises P4 assesses the processes and interdependence of key business functions P6 analyses the responsibilities of business to internal and external stakeholders P7 plans and conducts investigations into contemporary business issues P8 evaluates information for actual and hypothetical business situations P9 communicates business information and issues in appropriate formats P10 applies mathematical concepts appropriately in business situations

Content

Students learn to:

examine contemporary business issues to: discuss the influence of government on SMEs assess the effect of two changes in the business environment on SMEs

investigate aspects of business using hypothetical situations and actual business case studies to: explain how the business plan is determined in at least one SME explain how SMEs can enter the global market for long-term growth identify ways that SMEs gain a competitive advantage

prepare a small business plan: based on a hypothetical or actual business presented in a business plan/report format

Students learn about:

Small to medium enterprises definition role economic contribution success and/or failure

influences in establishing a small to medium enterprise personal qualities – qualifications, skills, motivation, entrepreneurship, cultural background,

gender sources of information the business idea – competition establishment options – new, existing, franchise market – goods and/or services, price, location finance – source, cost legal – business name, zoning, health and other regulations human resources

skills costs – wage and non-wage

taxation – federal and state taxes, local rates and charges

the business planning process sources of planning ideas

situational analysis vision, goals and/or objectives

vision business goals long-term growth

organising resources operations marketing finance human resources

forecasting total revenue, total cost break-even analysis cash flow projections

monitoring and evaluations sales budgets profit

taking corrective action

critical issues in business success and failure importance of a business plan management – staffing and teams trend analysis identifying and sustaining competitive advantage avoiding over-extension of finance and other resources using technology economic conditions