2012 STAGE 2 BUSINESS & ENTERPRISE ISSUES STUDY TASK SHEET & TIMELINE EVALUATION OF SOURCES TEMPLATE (Refer to the Business and Enterprise Subject Outline, 2012) SACE NUMBER _______________________________ TASK The Issues Study has a 20% weighting. You are required to select a current issue, trend or development that affects businesses to research. This is to be presented as an analytical essay. There is a strict 1500 word limit. You are required to provide evidence of your learning primarily in relation to the following: Knowledge and Understanding Analysis and Evaluation Communication. You are required to: show your knowledge and understanding of the issue submit a clear, concise and polished piece of writing for assessment. A key aspect of this RESEARCH task is the analysis and evaluation. Use the SEEE model of analysis: Social, Economic, Ethical and Environmental consequences and implications to prepare findings and recommendations. Appropriate acknowledgement of sources is essential as is the evaluation of the primary and secondary sources used in the investigation process. TIMELINE Term 1 Week 9 Collect media article on a current business issue of interest to you. Week 10 Meeting with teacher to discuss issue, key question and possible primary research. Proposal due by end term – please email this. Term 1 holidays Conduct primary research, read and note all secondary sources. Prepare bibliography. Optional - Begin writing your essay – draft due by end of Week 2, Term 2 Term 2 Week 1 Work in Progress due by Friday- small group meetings to discuss progress Week 2 Draft due by Friday – electronic copy in shared drive by 4 pm – one-one-one meeting to discuss draft Week 5 Final due by Friday. 1 Fill in the following: Current Issue/Trend Online Shopping Key Question To what extent has on-line shopping replaced brick and mortar stores? Key business(es)/ affected Retail stores, Department stores, Bricks and Mortar Businesses Transport firms eg Australia Post, Fedex Retail Key industry/ies affected Government/Professional bodies involved (if relevant) ACCC ASIC ASX ATO Retail Traders Assn (RTA) Australian Chamber Commerce & Industry (ACCI) Other stakeholders affected Consumers, Suppliers, Employees Government – no GST paid on goods purchased under $1000 Consumer can shop 24/7 Consumers more savvy – can research detail of big ticket items on line so expectations of service from employees in b & m stores are higher Wider range of products available to consumers Concept of global consumer strengthened Relatively cheaper designer brands available to more people due to high $A Less face to face interaction Shopping strips look like “ghost towns” due to increased number of For Lease signs on empty premises in popular shopping strips eg KW Road, Unley Rd, Goodwood Road Social implications and Consequences Economic Implications and Consequences Less money spent in traditional stores - failures eg Borders book stores Less GST tax collected by Government Job losses – eg Metcash – loss of flow on spending/less PAYG Tax collected Increase in unemployed dependant on welfare support Landlords – increase in unoccupied premises/loss of rent/pop up shops Lower profits earned by dept stores eg DJ Myer Harvey Norman – shareholder’s affected DJ – plan to increase no of employees to try and rebuild competitive advantage of sales service Ethical Implications and Consequences Privacy issues re credit card use on line Commercial tracking of internet behaviour when registering with on line stores Consumers exploiting sales assistant’s expertise/time in traditional stores – eg taking time to try on ski outfit and boots and then taking down style, size and shopping on line to get same outfit cheaper Concern re availability of after sales service for faulty goods Environmental Implications and Consequences Positive impact re lower use of power, paper, lighting and other resources used by bricks and mortar stores Negative impact if more goods imported from overseas by households as higher carbon footprint 2 Why have you chosen this topic? 3 Attach at least one print or electronic media article and summary to this proposal when submitting the proposal to your teacher for approval and feedback. Summarise this article (no more than 100 words). 4 Keep an ongoing log of resources accessed/used as you will be required to present an evaluation of primary and secondary sources of information. A template is attached. CHECK 1– Mapping My Research WEEK 10 – TERM 1 Key areas of focus relevant to issue: Follow-up tasks - Consumer trends - Economic trends - Competitive advantage - Impact of technology A new way to shop The Brands Exclusive app now offers a simplified shopping experience on the iPad Organisation/individual to be interviewed and key areas of focus: - Find examples of local businesses that have closed b & m store and moved to online retail or businesses that have combined on-line and traditional shopping Key points to be included in Introductory Statement - (150 words) - Give context to issue – why is it an issue? - Statistics from credible source to show increased popularity of on line shopping - Refer to Myer and David Jones response - Statement on how essay will be structured/investigation process undertaken Draft Headings to GUIDE writing of the Body of Essay - (1000 words) Each section approx 250 words – Headings not to be used in final presentation of essay. - Discussion of possible reasons for increased popularity of on line shopping - Social/Ethical implications and Consequences - Economic implications and Consequences - Environmental implications and Consequences Conclusion/Recommendations (350 words) See ideas below Conclusion This is a concise paragraph that summarises and justifies the key findings of your research. Recommendations This is the section where you can show perceptive and discerning analysis and evaluation of the factors involved in the current issue/trend affecting business and enterprise Ideas for developing recommendations: Summarise information about complexity of current issue impacting on business/industry/economy Evaluate economic/environmental/social and ethical consequences of business/enterprise practices Provide alternative solutions to positively manage the effects on business and other stakeholders CHECK 1 WEEK 1 - TERM 2 WEEK 1 TERM 1 COMPLETION OF WORK Work in Progress Student questions for teacher Verbal Teacher feedback on the extent to which WIP is on track. Satisfactory Unsatisfactory Summary of discussion: Follow- up notes to be completed by student during interview WORK IN PROGRESS DUE BY: FRIDAY Week 1 – Term 2 Hard copy made available for teacher interview CHECK 2 WEEK 2 - TERM 2 DRAFT COMPLETION OF WORK Student questions for teacher Electronic Teacher feedback on the extent to which Draft is meeting the performance standards: Satisfactory Teacher feedback: Summary of discussion: Follow-up notes to be completed by student during interview Knowledge and Understanding Analysis and Evaluation Communication Unsatisfactory Discussion on overall strengths and areas for improvement in Draft. DRAFT DUE FRIDAY Term 2, Week 2