Governments and the external operating environment
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Introduction
Students examine the role of governments when planning and operating a small business, such as the opportunities and threats that stem from government action and policies. They also explore the government organisations that provide support and advice to small businesses.
This activity contributes to the following outcomes:
- applies consumer, financial, economic, business, legal, political and employment concepts and terminology in a variety of contexts COM5-1
- researches and assesses information using a variety of sources COM5-7
- explains information using a variety of forms COM5-8
- works independently and collaboratively to meet individual and collective goals within specified timeframes COM5-9
Related Stage 4 outcomes: COM4-1, COM4-7, COM4-8, COM4-9
Related Life Skills outcomes: COMLS-11, COMLS-12, COMLS-13
Content descriptions
Option 4: Running a business
Planning for success
Students:
- examine the key considerations involved when planning and organising a small business, including: (ACHEK019, ACHEK030)
- opportunities to run a small business, for example market research, location, demographics, competition, target markets.
Business operations
Students:
- examine key considerations involved in running a small business, including:
- local, state and federal regulations affecting a business’s operation, for example Work Health and Safety, taxation, environmental regulations
- organisations that provide support and advice to small businesses in Australia
Teacher resources
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Governments and the external operating environment
Role of government topic cards
Student learning resources
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Governments and the external operating environment
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Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
Part A: The external operating environment
- Use the visualiser to discuss the concept of a SWOT analysis and how government policies and actions form part of the external environment that present both opportunities and threats.
- As a class, read the explainer. Alternatively, have students read the explainer individually and encourage them to take notes using the Cornell note taking system.
Part B: Investigating how government revenue and spending influences the external business environment
Groups organised by topic
- Organise students into 6 groups.
- Explain that students will participate in a jigsaw activity to investigate how the government influences the external business environment. Each student will be required to share their findings with members of other groups.
- Give one of the 6 topic cards to each group.
- Groups investigate the topic they have been given. Explain that their role will be to ‘teach’ others about the topic, to explain how it presents an opportunity or threat to businesses and why it is an important consideration. Possibilities include:
- a definition
- examples if appropriate
- explanation of how it affects businesses.
Groups of 6 students, each with a different topic
- Organise students into groups of 6 so that each member of a group has a different topic.
- Students share information about their topic with the group.