ࡱ>  bjbj>> {rTTq-K%K%%%%D&&&&O'&Zd3(3((((+++XXXXXXX]_Xq%++^+++XK%K%((XZ#F#F#F+K%R(%(X#F+X#F#F)T|%"U(pE/")]&BTXnZ0ZT`Dl`$U`%U#F+++XX#F+++Z++++`+++++++++ $:  Internal Assessment Resource Business Studies Level 2 This resource supports assessment against: Achievement Standard 90848 version 2 Carry out, review and refine a business activity within a community context with guidanceResource title: Running a Business with a Community Focus9 creditsThis resource: Clarifies the requirements of the standard Supports good assessment practice Should be subjected to the schools usual assessment quality assurance process Should be modified to make the context relevant to students in their school environment and ensure that submitted evidence is authentic Date version published by Ministry of EducationFebruary 2015 Version 3 To support internal assessment from 2015Quality assurance statusThese materials have been quality assured by NZQA. NZQA Approved number A-A-02-2015-90848-02-5415Authenticity of evidenceTeachers must manage authenticity for any assessment from a public source, because students may have access to the assessment schedule or student exemplar material. Using this assessment resource without modification may mean that students work is not authentic. The teacher may need to change figures, measurements or data sources or set a different context or topic to be investigated or a different text to read or perform. Internal Assessment Resource Achievement Standard Business Studies 90848: Carry out, review and refine a business activity within a community context with guidance Resource reference: Business Studies 2.6 v3 Resource title: Running a Business with a Community Focus Credits: 9 Teacher guidelines The following guidelines are supplied to enable teachers to carry out valid and consistent assessment using this internal assessment resource. Teachers need to be very familiar with the outcome being assessed by Achievement Standard Business Studies 90848. The achievement criteria and the explanatory notes contain information, definitions, and requirements that are crucial when interpreting the standard and assessing students against it. Context/setting This assessment activity requires students to plan, carry out, review and refine a business activity with guidance from you. The emphasis is on the practical process of planning, reviewing, amending the plan (based on the initial review) and a final review, rather than making a profit as these are regarded as the cornerstones of successful businesses based on the Teaching and Learning Guidelines. Students will need to become familiar with relevant business themes and Mori business concepts (as listed in the Learning objectives 7-1 and 7-2 sections in the Teaching and Learning Guide for Business Studies on the TKI site). Prior to being assessed, students will need to be familiar with procedures for planning (which includes stating, including, and integrating relevant business knowledge), setting up, and carrying out a business activity. They will also need to be familiar with reviewing the business plan prior to the second phase to ensure it encompasses the range of issues that face the business and that need to be planned for prior to the second phase. Groups should use their review after the first cycle to inform improvements to the plan prior to its final submission prior to the second cycle. The outcome of review 1 can be encompassed in the business plan through the use of track changes, where the reasons for the changes are noted in comments inserted. As group interaction is a key contributor to the success of this assessment activity, students will also need procedures for working well as a group. Clear protocols for meetings and working together should be taught. During the assessment, guide students on how to plan the project, collaborate effectively, conduct research, and collect relevant information. An external business mentor could also advise the group. Some guidance may be provided by the teacher to ensure that candidates are clear on the requirements to achieve at the Excellence level. The phrase with guidance means teachers may mentor and facilitate a student-centred process to enable business plans to be at the highest level. Learning context The planned business activity will be carried out within a community/hapk context. This suggests that the activity will be done with a market audience within the school community or wider local community. It may be an activity that has either a profit or not-for-profit aim. It could take place as two one-off events or continually throughout the year. The activity could: be a service to the community or part of the community sponsor, fundraise for, or donate profits or products to a community group, activity, or non-profit organisation create an awareness campaign for a local community group. The activity could thus be carried out within a school, a church, a kMhanga reo or marae, youth organisation, a retirement village, a sports club, or online. It could involve the wider school community, the local council, an environmental group, or the local branch of a non-profit organisation. Guide students as to what business activities are possible and likely to succeed. Ensure that all out-of-school activities comply with the schools EOTC policy. Conditions Students work in groups and are assessed on group output. Their individual contribution will also be taken into account. It will therefore be necessary to advise students on how to provide evidence of their contribution. The first iteration of the business plan can be used to guide the initial review and updates to the final business plan. Student progress can be assessed formatively and summatively. Please note the following comments. Formative assessment can be applied to: the first iteration of the business plan the individual input into carrying out the first cycle of the activity the group review of the first cycle of the activity. Summative assessment can be applied to: the final iteration of the business plan (which incorporates the findings of the review to the business activity). This may be a clean version of the revamped business plan, with review findings inserted as comments the individual input into carrying out the second cycle of the activity the individual review of the business activity overall. To replicate the real-world nature of business, where business plans are used to assess the viability of a venture, the final business plan grade guides the overall grade. The grade awarded for the plan is to be the same for each student in the group. The 9 credits associated with Achievement Standard Business Studies 90848 reflect the significant amount of time required for teaching/learning and assessment. It is suggested that students have approximately 90 hours of in- and out-of-class time to complete this assessment activity. Resource requirements You may need to: provide templates (as suggested in Resource 1) provide Internet and library access for research provide access to suitable software and equipment for report presentation. Additional information It is possible to combine this activity with the activity for the internal assessment for Achievement Standard Business Studies 90846 (2.4): Conduct market research for a new or existing product. However, you should be aware of the potential high stakes involved in combining two standards. Internal Assessment Resource Achievement Standard Business Studies 90848: Carry out, review and refine a business activity within a community context with guidance Resource reference: Business Studies 2.6 v3 Resource title: Running a Business with a Community Focus Credits: 9 AchievementAchievement with MeritAchievement with ExcellenceCarry out, review and refine a business activity within a community context with guidance.Carry out, review and refine a business activity in depth within a community context with guidance.Comprehensively carry out, review and refine a business activity within a community context with guidance.Student instructions Introduction This assessment activity requires you to plan, carry out, review and refine a business activity with guidance from your teacher. The emphasis is on the practical process of carrying out and reviewing the business activity and on refining the business plan on the basis of experience. Reflective thinking is required. You will work in a group to create a business plan and carry out a business activity in two business cycles. The first cycle will follow the initial business plan (version 1); the second will follow an updated business plan (version 2) that includes refinements. You will be assessed on the depth and comprehensiveness of: the business plan (version 1) presented by your group and your individual contribution to the plan the discussion in your individual report or presentation on the review and refinement of the first business cycle the discussion in your individual report or presentation on the review and refinement of the second business cycle. You will also be assessed on how successfully your group: carried out the planned business activity in the first business cycle refined the initial business plan to create an updated business plan (version 2) carried out the business activity in accordance with the updated business plan (version 2). This assessment activity will be carried out with guidance. This means that your teacher will mentor you and guide you as you work through the activity. You have 90 hours of in- and out-of-class time to complete this assessment activity. Teacher note: Adapt the time allowed to meet the identified needs of your students. You may want to include specific dates for assessment milestones. It is expected that the activity will take place over several weeks and that assessment milestones will be interspersed with teaching/learning and the assessment tasks. Task Write a business plan (version 1) This is a group activity. As a group, decide what business activity you will carry out. Confirm your choice with your teacher. Teacher note: Review the proposed business activity to identify any ethical, cultural, or legal issues that may render it unworkable and to confirm that it is feasible given time and resource constraints. Your business activity will involve the production of a good or service and will operate in the wider community. It will have a community well-being focus. That is, it will aim to enhance the social, mental, or physical health of a community or improve community cohesion. You could, for example, undertake a business activity that directly addresses a community need; donate profits to a community group; include volunteer work as part of your activity; or focus on community well-being in some other way. As a group, write a comprehensive business plan. See Resource 1 for a business plan template. Teacher note: Adapt Resource 1 to meet the identified needs of your students. Each member of the group should participate and contribute to each section of the business plan. You will need a thorough understanding of the plan and the decisions made in creating it to comprehensively review it later. Integrate business knowledge throughout the plan and Mori business concepts where relevant. This means that you apply concepts learnt in theory to your business. Ensure that the different sections of the plan are integrated and consistent with one another. As you work, make a list of your sources of information. This list will be handed in, but it will not be assessed. Each week, hold a formal business meeting and complete a weekly debrief summary. Your teacher will check this, and each member of the group will keep a copy to help them review the business activity. See Resource 2 for suggestions on managing and documenting your debrief meeting. Teacher note: Adapt these instructions to meet the identified needs of your students. As a group, submit your business plan to your teacher along with a list of your information sources. Your teacher will discuss the plan with your group to enable you to prepare for and carry out your business activity (cycle 1). Teacher note: Adapt these instructions to meet the identified needs of your students. Carry out the business activity (cycle 1) This is a group activity. As a group, prepare for and carry out your business activity in accordance with your business plan (version 1). Thoroughly document results from the first cycle of business activity. Each group member will need access to copies of all documentation, including, for example, sales reports, meeting minutes, correspondence, invoices, supplements to the business plan (version 1) to record decisions made in the course of implementing it, and other documentation. See Resource 3 for a sample sales report form. Continue to hold and document your weekly debrief meeting. Teacher note: Add an instruction regarding how and when you would like students to provide evidence that they have achieved this task, as appropriate. Review and refine the business activity (cycle 1) This is an individual activity. Confirm with your teacher the format of your individual report or presentation. Select a format that meets your needs. For example, you might produce a written report or video presentation or deliver a slide presentation. Teacher note: Allow students to select a report or presentation format that best meets their needs. Write a report or presentation in which you reflect on how well the business activity was planned and carried out. Do the following: Reflect on what worked well and what did not work well. Present examples and explain how they benefited or negatively affected the business. Suggest refinements to the business plan (version 1) to improve what did not work well (and to enhance what did work well, if possible). Provide in-depth explanations for the refinements you suggest. Explain how they would benefit the business and/or minimise a negative effect. Support your explanation by integrating information from your groups business plan (version 1), the weekly debrief reports, sales reports and other documentation, and any feedback from within the group or from external sources (such as a focus group, key supplier, customer, or group mentor). Integrate other relevant business knowledge to support your explanations, along with a Mori business concept (or concepts) where relevant. As you work, list your sources of information. This will not be assessed. Submit your report or presentation to your teacher, along with a list of your information sources. Refined business plan (version 2) This is a group activity. Hold a group meeting (or series of meetings) at which: each group member presents their suggested refinements (as developed in their report or presentation) the group decides on a set of changes that will be used to refine the business plan (version 1). You may refine any aspect of the business plan, adopting a suggested refinement or part of a suggested refinement or brainstorming new refinements, as appropriate. As a group, keep meeting minutes to document this meeting (or meetings) and produce a report to briefly summarise the refinements to be adopted. As a group, using the original business plan, rewrite sections of it that need to be updated (final). Note the reasons for these changes by using the Comments section in your word processing software. As a group, submit your business plan (version 2) to your teacher. This plan will be assessed for the awarding of the overall grade of the group. Teacher note: Adapt these instructions to meet the identified needs of your students. Your teacher will return these materials to you to enable you to carry out your business activity (cycle 2). Carry out the business activity (cycle 2) This is a group activity. As a group, prepare for and carry out your business activity in accordance with your business plan (version 2). As in cycle 1, thoroughly document results from the business activity (cycle 2), focusing on changes resulting from the refinements made, and ensure that each group member has access to this documentation. Continue to hold and document your weekly debrief meeting. In these meetings, focus on the results of the refinements you have made. Teacher note: Add an instruction regarding how and when you would like students to provide evidence that they have achieved this task, as appropriate. Review and refine the business activity (cycle 2) This is an individual activity. Confirm with your teacher the format of your individual report or presentation. Write a report or presentation in which you reflect on how well the business activity (cycle 2) was planned and carried out. Do the following: Review how well the activity (cycle 2) was performed. Present examples and explain why. Compare the outcome of the second cycle to the outcome of the first cycle. Present examples and explain why. Compare the outcome of the second cycle to the business plan (version 2). Present examples and explain why. Suggest further refinements to any aspect of the business plan (version 2). Provide reasoned explanations for the refinements you suggest. Integrate relevant information and data your group collected, as well as other relevant business knowledge and a Mori business concept (or concepts) where relevant. Write an updated business plan (version 3). As you work, list your sources of information. This will not be assessed. Submit your report or presentation to your teacher, along with a list of your information sources. You will not be required to carry out the refinements suggested in this review. Resource 1: Business plan template This template is a guide to creating a written business plan. There are other ways to approach this task. Find a way that suits your group. Your business plan should contain six sections, as outlined below. Ensure that the different sections of the plan are integrated and consistent with one another. Also integrate business knowledge throughout the plan and Mori business concepts where relevant. Executive summary Write this last. It should provide an overview of your proposed business idea, drawing information from each section of the business plan. Include the following elements: group name business objectives (including the community well-being focus) name and description of product (good or service) marketing information summary (target market and marketing mix). Mission and objectives Include the following elements: business mission statement SMART objectives to achieve mission an explanation of how the product enhances community well-being. Marketing This will present both primary and secondary data and include both completed and planned research. Include the following elements: target market defined market research proposals research methods explained SWOT analysis of the business idea proposed marketing mix explained (and related to market research results) market place information (competitors, trends, and market share). People The organisation chart will list group members responsibilities. Each person may take a similar range of different roles as members swap roles within the group. Include the following elements: organisation chart for group, listing responsibilities key external and internal stakeholders and their roles internal and external communication methods explained group processes explained. Finance Provide a detailed explanation of all figures. Use data from the marketing section to help you complete this section. You may also estimate income and expense figures. Explain the estimation method used. Include the following elements: financial plan (including budget) sources of finance explained estimated and explained income and expenses break-even analysis (conservative, medium, and optimistic) profit forecast (conservative, medium, and optimistic). Operations Include the following elements: resource requirements (equipment, suppliers, and staffing) daily operations management procedures for staff training code of conduct and procedures outlined school EOTC (education outside the classroom) policy outlined work flow diagram (from customer enquiry to point of sale and after-sales service) internal control procedures (for current assets and quality control measures). Please note that in order for the plan to be deemed comprehensive (Excellence), a reader of the final plan should be able to pick it up and run the activity themselves. Resource 2: Regular meeting This resource suggests possible ways to manage a regular meeting and suitable information to record in a weekly debrief summary report. There are other ways to do this. Find a way that suits your group. Managing a regular meeting A formal business meeting is an important aspect of the management of a project team. The purpose of the meeting is to review progress to date, review the groups workload and each members personal workload, set goals for the coming week, and assign responsibilities. Prepare an agenda for each meeting and select a chairperson to formally conduct the meeting. Record minutes at the meeting and prepare a summary report. Many key decisions will be made at the weekly meeting. It is extremely important that all of these are recorded and shared among group members. It is suggested that you follow modern business practice and work collaboratively rather than assign permanent roles to each group member. This means that the chairmanship will rotate between group members and that you will also take it in turns to complete the weekly debrief summary. Possible information to include in a meeting summary Company name Date Group members present Tasks worked on and progress made What worked well and what did not work well Decisions made during the week Decisions that need to be made now Level of group agreement and stress level Individual workload assessment Tasks to do next week Group members assigned specific tasks for the next week Horizon scanning (future developments and potential threats and opportunities) Questions for the teacher. Resource 3: Sample sales report (service business) Sales Report Job number: _______________________ Date: _____________________________ Client name: ________________________________________________________ Contact details: ______________________________________________________ ___________________________________________________________________ Details of job/service request: ___________________________________________ ___________________________________________________________________ Price estimate: _______________________________________________________ ___________________________________________________________________  Staff assigned to job: __________________________________________________ ___________________________________________________________________ Date assigned: _____________________ Date completed: ____________________ Particulars of job/service performed: ______________________________________ ___________________________________________________________________ ___________________________________________________________________ Consumables/parts used: ______________________________________________ ___________________________________________________________________ ___________________________________________________________________ Labour hours (15 minutes per unit): _______________________________________ ___________________________________________________________________ ___________________________________________________________________ Price charged to client: _______________  Assessment schedule: Business Studies 90848 Running a Business with a Community Focus Evidence/Judgements for Achievement Evidence/Judgements for Achievement with MeritEvidence/Judgements for Achievement with ExcellenceThe student has carried out, reviewed and refined a business activity within a community context with guidance. Please note that cycle 1 may be formatively assessed. Cycle 2 is the basis for the overall summative result. The grade for the business plan (version 2) informs the overall grade for the group and each student within the group, and is the maximum grade available to the individual members of the group. The individual students may hold the Achievement grade allocated to the group from the cycle 2 business plan through: carrying out the activity stating how well the business activity was performed in the second cycle comparing the outcome of the business activity with the original planned business activity. Planning The group would typically do this by: planning for a guided business activity. For example: The group produces a business plan, with the student contributing to it. All six suggested elements were completed, with relevant business knowledge and relevant Mori business concepts stated. The group s executive summary states:  Our business objective is to provide technical advice/support to senior citizens in the local community. carrying out a first cycle of the business activity reviewing the first cycle of the business activity, including a comparison of the outcome of the business activity with the business plan (version 1). For example: Our business plan requires that we charge a small fee for our services. However, not all jobs completed by our company are invoiced for, and as a result, no money can be collected for these jobs. stating refinements to the business activity Once a job is allocated to an IT consultant, a job number will be created for that individual job. This will allow the finance division to track each job and ensure it has been invoiced for. implementing refinements to make an improvement (or improvements). Cycle 2 Summative The group produces a summary of the refinements to be adopted and updates the business plan (above) to include these refinements: carrying out a second cycle of the refined business activity, implementing improvements. Individually they: carry out a second cycle of the refined business activity state how well the business activity was performed in the second cycle compare the outcome of the business activity with the original planned business activity. For example: The new job-tracking process worked well in the second cycle because each job was allocated an individual job number as a unique identifier. This allowed the finance division to track and invoice 100% of the work. In planning, reviewing and refining the business activity, the student has: stated business knowledge relevant to the business activity stated a Mori business concept (or concepts) where relevant to the business activity. These descriptions relate to only part of what is required and are indicative only.The student has carried out, reviewed and refined a business activity in depth within a community context with guidance. Please note that cycle 1 may be formatively assessed. Cycle 2 is the basis for the overall summative result. The grade for the business plan (version 2) informs the overall grade for the group and each student within the group, and is the maximum grade available to the individual members of the group. The individual students may hold the Merit grade allocated to the group from the cycle 2 business plan through: carrying out the activity reviewing in depth how well the business activity was performed in the second cycle comparing the outcome of the second cycle to the business plan made after the review of the first cycle. Planning The group would typically do this by: planning in depth for a guided business activity. For example: The group produces a business plan, with the student contributing to it. All six suggested elements were completed to a detailed level, with relevant business knowledge and a relevant Mori business concept included. The group s executive summary states:  Our objective is to provide technical advice/support to senior citizens in the local community. Senior citizens often struggle with new technology. Our business would be an affordable and friendly community service offering help to the elderly, in their own homes, on a variety of technical issues. carrying out a first cycle of the business activity reviewing the first cycle of the business activity, including reasoned explanations of suggested refinements to the business activity. For example: Our business plan requires that we charge a small fee for our services. However, not all jobs completed by our company are invoiced for. This occurs when a job sheet was not completed by the IT consultant. As a result, the client is not invoiced and no money can be collected. While we have procedures to create and send invoices based on completed job sheets, we do not currently have internal control procedures to ensure that a job sheet is completed once a job is finished. stating refinements to the business activity. For example: Once a job is allocated to an IT consultant, a job number will be created for that individual job. The finance division will keep a copy of the original job sheet given to the IT consultant. The copy of the job sheet will be matched with the original job sheet when the job is completed. If no job sheet is handed in within a reasonable length of time, the finance division will follow up with the appropriate IT consultant. This will help prevent jobs not being invoiced for. Cycle 2 Summative The group produces a summary of the refinements to be adopted and updates the business plan to an in-depth level (above) that includes these refinements: carrying out a second cycle of the refined business activity, implementing improvements. Individually they: carry out a second cycle of the refined business activity review in depth how well the business activity was performed in the second cycle, including a comparison of the outcome of the business activity (cycle 2) with the business plan (version 2). For example: Our invoicing system was more effective in the second cycle because each job was allocated an individual job number. This allowed the finance division to track each job using its unique number. As a result, 100% of jobs undertaken were invoiced for. In accordance with our business plan (version 2), the finance division followed up on any job sheet not handed in within a reasonable time after the job was allocated to an IT consultant. This refinement to our business plan helped us maximise our revenue. In planning, reviewing and refining the business activity, the student has: included business knowledge relevant to the business activity to support explanations included a Mori business concept (or concepts) where relevant to the business activity to support explanations. These descriptions relate to only part of what is required and are indicative only.The student has comprehensively carried out, reviewed and refined a business activity within a community context with guidance. Please note that cycle 1 may be formatively assessed. Cycle 2 is the basis for the overall summative result. The grade for the business plan (version 2) informs the overall grade for the group and each student within the group, and is the maximum grade available to the individual members of the group. The individual students may hold the Excellence grade allocated to the group from the cycle 2 business plan through: carrying out the activity " integrating business knowledge relevant to the business activity to fully support explanations " integrating a Mori business concept or concepts where relevant to the business activity to fully support explanations " making recommendations that refin"39:;{ ! 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($If^gd:?OPstu.<=>Y^TU LMZ[\89;DNOYaLJ͇ԇՇԹͭ͡ԙԔ|uuqmuhyh , hh h^hhh$5h45 hQ9#5 hd$W5h^mH sH hq mH sH hq hQ9#h_mH sH h$mH sH h:?mH sH h:? hLzh$hLzh$mH sH h:?aJmH sH hLzh$aJmH sH h_aJmH sH *%&'4@ABNTUZN[\]WXXYZp܌ABSTȽȽȽvkch:?mH sH hmjhmjmH sH " *hmjh$6^JaJmH sH hmjh$mH sH  *hh$B*mH phsH !hhvB*_H mH phsH h ,mH sH hLzh$mH sH h^mH sH h^ hLzheZ hLzh+`bh$JhQ9#h hLzhh , hLzh$&\WZ܌BqȐ$-Td$If^d`gdvD $Ifgdn EW$If^`Wgd4p $Ifgd9 $Ifgdmj ($Ifgdv$If^`gd^ $Ifgdv ($If^gd^TŽq̏ΏϏЏ ,"#$-17Tڷ巯{w{ldlhDmH sH hLzhDmH sH h hLzh$hLzh$mH sH hn Ehn E5^JaJmH sH h27mH sH hd$WmH sH UheZmH sH hvDhvDmH sH h4pmH sH hymH sH hvDmH sH h9h9mH sH hHmH sH h:?mH sH hmjhmjmH sH %e the business plan for the future. Planning The group would typically do this by: comprehensively planning for a guided business activity. For example: The group produces a business plan, with the student contributing to it. All six suggested elements were completed to a comprehensive level, integrating relevant business knowledge and a relevant Mori business concept. The group s executive summary states:  Our objective is to provide technical advice/support to senior citizens in the local community. Senior citizens often struggle with new technology. Our business would be an affordable and friendly community service offering help to the elderly, in their own homes, on a variety of technical issues. Our services would include resetting times on electronic devices, teaching clients to use cell phones, tuning DVDs, and installing software. The local Grey Power president is very keen to promote our business to the 6000 Grey Power members in our district. carrying out a first cycle of the business activity reviewing the first cycle of the business activity, including giving reasoned explanations of suggested refinements to the business activity. Cycle 2 Summative The group produces a summary of the refinements to be adopted and updates the business plan to a comprehensive level (above) that includes these refinements: carrying out a second cycle of the refined business activity, implementing improvements. Individually they: carry out a second cycle of the refined business activity review in depth how well the business activity was performed in the second cycle, including a comparison of the outcome of the business activity (cycle 2) with the business plan (version 2) suggest relevant refinements to the business plan if the business was to continue for a third cycle. For example: The finance department will implement a weekly system for collecting the numbered job sheets from consultants so that a regular billing cycle can occur. This will enable the business to track costs and expenses more closely, leading to better cash flow management. In planning, reviewing and refining the business activity, the student has: integrated business knowledge relevant to the business activity to fully support explanations integrated a Mori business concept (or concepts) where relevant to the business activity to fully support explanations. These descriptions relate to only part of what is required and are indicative only. Final grades will be decided using professional judgement based on a holistic examination of the evidence provided against the criteria in the Achievement Standard.     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