This standard asks you to show you understand how big businesses have to react to things happening outside their control — things like new technology, laws, employee strikes, or what society expects from them. You need to pick a real New Zealand business you've studied and explain what these external pressures are, how they affect the business, and what the business does about them.
You identify an external factor and explain what it is and why it matters, with some attempt to link it back to your business case study.
You explain two impacts of an external factor on the business (what happens and why), use specific business examples, and show how management responds — connecting business terminology to real consequences like costs or relationships.
You explain two different impacts of complying with laws OR two examples of how the business demonstrates rangatiratanga/kaitiakitanga, justify whether the overall effect is good or bad for the business, and use new supporting information to strengthen your explanations.
Standards typically taken alongside or after this one. Same subject, grouped by level.
