AS 91865 · 4 credits · Internal
Future proofing business
Demonstrate understanding of future proofing influences that affect business viability
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This internal standard (done at school, not in an exam) asks you to look at a real agribusiness and explain what future forces or pressures could affect whether that business keeps surviving and succeeding. 'Future proofing' means thinking ahead about things like climate change, new laws, technology, or changing consumer attitudes, and working out how a business can deal with those pressures to stay viable (keep going and remain healthy). You will research an actual agribusiness and write about the influences that could shape its future.
What to do, grades and common mistakes
- ·Pick a real agribusiness (like a sheep and beef farm, a dairy operation, a horticultural business, etc.).
- ·Identify future proofing influences that could affect it — these could be economic (costs, markets), environmental (climate change, water quality rules), political (government policy), social (what consumers want), technological (new machinery or software), legal (regulations), ethical, cultural, biological, or scientific.
- ·Explain how each influence could affect whether the business stays viable — can it keep running, stay profitable, and meet future needs?
- ·For higher grades, dig deeper into short-term and long-term impacts, and think about effects beyond just the business itself (e.g. on the wider community, industry, or environment).
You explain what some future proofing influences are and describe how they could affect your chosen business's viability. Your answer shows you understand the link between the influence and the business, but it may be fairly straightforward or surface-level.