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 Business environment All of the factors, both internal and external, which influence the function of a business. It includes, for example, consumers, suppliers, competing companies, entrepreneurs, improvements in technology, laws, government activities, and market, social and economic trends . Students will act as consumers, entrepreneurs, managers and decision-makers as they plan and conduct Conduct organise and carry out research, analyse Analyse study or examine something in detail, break down in order to bring out the essential elements or structure; identify parts and relationships, and to interpret information to reach conclusions data and information, problem-solve and make decisions, use Use apply knowledge or rules to put theory into practice digital technology Digital technology A set of technological tools and resources used to communicate, and to create, disseminate, store, and manage information, for example, mobile phones, apps, tablets and computers 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: Enterprise Enterprise This strand encourages students to identify opportunities and turn them into practical and targeted activities within business and wider society through the development and application of their understanding, skills and values. It develops students' basic understanding of the financial, marketing and operational functions of an organisation in Action Economics in Action 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 Complete finish making or doing; bring to a successful conclusion 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 Enterprise This strand encourages students to identify opportunities and turn them into practical and targeted activities within business and wider society through the development and application of their understanding, skills and values. It develops students' basic understanding of the financial, marketing and operational functions of an organisation in Action Students are given an opportunity to engage in an enterprising activity. They can choose from the following: Students can develop Develop progress or improve to become more mature, advanced, or elaborate a product or service. The product or service can be one they devise Devise plan, create or formulate a procedure or system by careful thought or create themselves, which they identify Identify recognise patterns, facts, or details; provide an answer from a number of possibilities; recognise and state briefly a distinguishing fact or feature as having a potential market, or one that already exists, which they identify Identify recognise patterns, facts, or details; provide an answer from a number of possibilities; recognise and state briefly a distinguishing fact or feature as having the potential to expand its market. Students can organise an enterprise Enterprise This strand encourages students to identify opportunities and turn them into practical and targeted activities within business and wider society through the development and application of their understanding, skills and values. It develops students' basic understanding of the financial, marketing and operational functions of an organisation 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 Assess judge, evaluate or estimate the nature, ability, or quality of something the feasibility of their idea Evaluate their research findings Develop Develop progress or improve to become more mature, advanced, or elaborate a business plan based on their research findings which will describe Describe develop a detailed picture or image of, for example, a structure or a process, using words or diagrams where appropriate; produce a plan, simulation or model elements of the marketing mix to be applied and financial information for the enterprise Enterprise This strand encourages students to identify opportunities and turn them into practical and targeted activities within business and wider society through the development and application of their understanding, skills and values. It develops students' basic understanding of the financial, marketing and operational functions of an organisation Provide their chosen product, service, enterprise Enterprise This strand encourages students to identify opportunities and turn them into practical and targeted activities within business and wider society through the development and application of their understanding, skills and values. It develops students' basic understanding of the financial, marketing and operational functions of an organisation event or activity to their target market, where possible Record the inputs and outputs of the enterprise Enterprise This strand encourages students to identify opportunities and turn them into practical and targeted activities within business and wider society through the development and application of their understanding, skills and values. It develops students' basic understanding of the financial, marketing and operational functions of an organisation , where possible Compile a project to summarise the enterprise Enterprise This strand encourages students to identify opportunities and turn them into practical and targeted activities within business and wider society through the development and application of their understanding, skills and values. It develops students' basic understanding of the financial, marketing and operational functions of an organisation . 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 Demonstrate prove or make clear by reasoning or evidence, illustrating with examples or practical application use Use apply knowledge or rules to put theory into practice of relevant economic indicators and graphic representations to support their research findings Develop Develop progress or improve to become more mature, advanced, or elaborate 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 Identify recognise patterns, facts, or details; provide an answer from a number of possibilities; recognise and state briefly a distinguishing fact or feature and research a financial challenge for a consumer or an organisation Organisation An organised group of people with a particular purpose, such as a company or a government department. It can be a for-profit or a non-profit organisation and can include everything from a small owner-operated company such as a family restaurant, to a multinational company (for-profit or not-for-profit). As part of this project, students will Investigate Investigate observe, study, or make a detailed and systematic examination, in order to establish facts and reach new conclusions and research a chosen financial challenge for an individual or an organisation Organisation An organised group of people with a particular purpose, such as a company or a government department. It can be a for-profit or a non-profit organisation and can include everything from a small owner-operated company such as a family restaurant, to a multinational company (for-profit or not-for-profit) Evaluate their research findings. The evaluation may describe Describe develop a detailed picture or image of, for example, a structure or a process, using words or diagrams where appropriate; produce a plan, simulation or model some causes for the financial challenge, identify Identify recognise patterns, facts, or details; provide an answer from a number of possibilities; recognise and state briefly a distinguishing fact or feature the costs on different key stakeholders and classify Classify group things based on common characteristics the positive and negative impacts on income and expenditure Support their analysis with tabular and graphic representations Develop Develop progress or improve to become more mature, advanced, or elaborate an action plan to address the financial challenge based on their evaluation of the research findings Compile a project to summarise their work.
