Your Tasks This is a GROUP assignment. Students are encouraged to work effectively in a team to…

Your Tasks

This is a GROUP assignment. Students are encouraged to work effectively in a team to research, prepare and present this task.

Assessment type: Live or recorded video presentation

This assessment requires you to develop a new business idea. This new business may be a:

• sole trader

• partnership

• company (refer to your content for business ownership structures)

If you do set up a company then each team member can take on the role of CEO, Human Resource manager (People & Culture) and Risk Manager.

The objective of the assessment is to ensure you:

• Can work effectively together to plan, research, prepare and present your new business idea,

• Identify how globalisation might affect your business operation,

• Explain the difference and benefits of your business ownership structure over the other business ownership structures,

• Research and explain the major legal issues that affect your business,

• Define organisational culture and how a business can build a strong and healthy workplace culture,

• Identify risks that might impact your business,

• Explain how you can monitor and control these risks.

You are required to do the following:

• Either in a live group presentation, at a time arranged with your lecturer, or in a recorded group presentation, present your business idea. Each team member is to participate in the presentation (5 minutes each).

• Use PowerPoint, or other approved slideshow to assist with the presentation.

• Submit your slides in a single document. Name the file xxx_bus1bfx_Assessment 3.docx (where xxx is your student number).

• On completion, submit the assessment via the BUS1BFX Assessment 3 Upload link on the LMS system.