AS 91379 · 4 credits · External
Internal business factors
Demonstrate understanding of how internal factors interact within a business that operates in a global context
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This standard asks you to understand how different parts inside a business work together and affect each other—things like product quality, how the company's known for its brand, company culture, and how they protect their ideas. You need to show how these internal factors interact and what impact they have when a business is operating globally. You should use a real New Zealand business as an example to prove you understand this.
What to do, grades and common mistakes
- ·Apply specific examples from a real New Zealand-registered business operating globally to explain how internal factors like intellectual property, innovation culture, quality systems, and kaitiakitanga interact with each other
- ·Explain the legal or financial costs and benefits of protecting intellectual property (like trademarks), and show how these costs impact the business's goals
- ·Show how an innovative company culture actually leads to new products or services, and use specific examples to prove this connection
- ·Compare two different quality management approaches and fully explain how each one affects customers and business profitability
- ·Evaluate how these internal factors create both short-term and long-term impacts on the business, weighing which effects matter more
You apply specific examples from a real business or case study to explain intellectual property rights, innovation culture, or quality systems, and you show how these factors work together.