AS 90844 · 4 credits · External
Demonstrate understanding of how a large business responds to external factors
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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.
What to do, grades and common mistakes
- ·Identify external factors that affect your chosen large business (technology changes, laws, employee action, community expectations like rangatiratanga and kaitiakitanga)
- ·Explain both the positive and negative impacts these external factors have on the business
- ·Link these impacts to actual business consequences (like costs, profits, relationships with customers or employees)
- ·Show how management actually responds to these external pressures with specific examples from your business
- ·Use the business name and specific details from your case study — not generic or vague descriptions
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.