Classroom-Based Assessment 1: Business in Action

Business in Action provides students will the opportunity to actively engage in a practical and authentic learning experience that reflects activities undertaken regularly in the business environment. Students will act as consumers, entrepreneurs, managers and decision-makers as they plan and conduct research, analyse data and information, problem-solve and make decisions, use digital technology to manage information, and take action. They will learn about, and make informed decisions about, their own resources and issues of social, cultural and global importance. These are essential skills required for life, work and further education.

Students are given three options from which to choose a Business in Action project:

1.            Enterprise in Action

2.            Economics in Action

3.            Finance in Action.

Business in Action is a group project. It comprises four areas of activity: conducting research; evaluating information; developing action plans and reporting findings. Students should collaborate with classmates in order to complete the project but teachers should ensure that each student makes an individual contribution to the project, and produces evidence to meet the features of quality of this assessment.

Project option

Description

Enterprise in Action

 

Students are given an opportunity to engage in an enterprising activity. They can choose from the following:

  • Students can develop a product or service. The product or service can be one they devise or create themselves, which they identify as having a potential market, or one that already exists, which they identify as having the potential to expand its market.
  • Students can organise an enterprise event or activity (for-profit or not-for-profit). It can be a once-off event or one that is organised over a longer period of time. It can be undertaken for economic, social or cultural purposes.

As part of this project, students will

  • Carry out research in order to assess the feasibility of their idea
  • Evaluate their research findings
  • Develop a business plan based on their research findings which will describe elements of the marketing mix to be applied and financial information for the enterprise
  • Provide their chosen product, service, enterprise event or activity to their target market, where possible
  • Record the inputs and outputs of the enterprise, where possible
  • Compile a project to summarise the enterprise.  

Economics in Action

 

Students are given an opportunity to choose an economic trend, development, change or policy that is impacting positively or negatively on the Irish economy and society.

As part of this project, students will

  • Carry out research on their chosen economic issue
  • Evaluate their research findings. The economic evaluation will include identifying and assessing the economic, social and environmental benefits and costs for different key stakeholders
  • Demonstrate use of relevant economic indicators and graphic representations to support their research findings
  • Develop an action plan outlining an economic policy change that might improve the resulting economic outcomes
  • Compile a project to summarise their work.

 

Finance in Action

 

Students are given an opportunity to identify and research a financial challenge for a consumer or an organisation (for-profit or not-for-profit).

As part of this project, students will

  • Investigate and research a chosen financial challenge for an individual or an organisation (for-profit or not-for-profit)
  • Evaluate their research findings. The evaluation may describe some causes for the financial challenge, identify the costs on different key stakeholders and classify the positive and negative impacts on income and expenditure
  • Support their analysis with tabular and graphic representations
  • Develop an action plan to address the financial challenge based on their evaluation of the research findings
  • Compile a project to summarise their work.