Task 3 – Sustaina!
Learning or Assessic
Introduction This assessment is based on a small New Zealand based business/organisation chosen by the student and approved by the Course Tutor before commencing this assessment.
Task 1 – Life cycle thinking and quadruple bottom line approach
Learning outcome 1 Critically analyse and communicate concepts of lifecycle thinking and the quadruple bottom line approach as fundamental sustainability concepts to potential business investors.
Instructions 1.1 Analyse the contribution and importance of lifecycle thinking and quadruple bottom
line approach to business sustainability. (15 marks)
How does your selected business utilise these concepts to maintain business sustainability. Justify your answer. (10 marks) Prepare a short presentation (5-7 minutes) to outline your findings in Tasks 1.1 and Pre 1.2. (5 marks)
Task 2 – New ideas and opportunities for innovation and development
Learning outcome 2 Identify and generate new ideas and opportunities for innovation and development of a sustainable small business venture.
Instructions Refer to the business selected in Task One and identify two new ideas and two opportunities for the business
2.1 Why is the approach towards innovation important to your selected business in
maintaining business sustainability? Explain your answer and provide an example. (4 marks)
2.2 Evaluate two (2) new opportunities and two (2) new ideas that can contribute to your
selected business’s sustainability? (4 marks each)
ess/organisation chosen by assessment.
Task 3 – Sustainable business venture opportunity
Learning outcome 3 Assess industry, market and customer behaviour factors to exploit a selected sustainable business venture opportunity.
Instructions Select and use an analytical tool to assess the industry, market and customer behaviour factors to exploit selected sustainable business venture opportunities. The tool selected must be appropriate to assess points 3.1 and 3.2.
Two (2) favorable factors affecting the selected business to exploit new opportunities. (10 marks)
Two (2) unfavorable factors affecting the selected business to exploit new opportunities (10 marks)
Task 4 – Risk management analysis
Learning outcome 4 Analyse feasibility of selected business venture opportunity using strategy maps and risk management
Instructions Utilise strategy maps and risk management to analyse the feasibility of selected business’s new opportunities. You must consider financial, customer, internal and, learning and growth components of your selected.
Analyse a potential risk associated in each component and assess the risks in terms of their impact on the efficiency and effectiveness of your selected business’s operations. (4 x 2.5 marks)
Analyse a strategy to address and manage the identified potential risks to the feasibility and sustainability of your future business operation. (10 marks)