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Stage 1 | Subject outline | version control

Business Innovation Stage 1
Subject outline

Version 4.0
For teaching in Australian and SACE International schools from January 2024 to December 2024.
For teaching in SACE International schools only from May/June 2023 to March 2024 and from May/June 2024 to March 2025.
Accredited in August 2018 for teaching at Stage 1 from 2019. 

Stage 1 | Subject outline | Performance standards

Performance standards

Stage 1 performance standards for Business Innovation can be viewed below. You can also download in Word format [DOC 45KB].

To learn more about what performance standards are, how they are used, and other general information, see performance standards and grades. 

  Finding and Solving Problems Contextual Application Analysis and Evaluation
A

Purposeful and sustained exploration of problems or needs using a customer-focused approach.
 
Creative generation of possible solutions to problems or needs using a customer-focused approach.

Highly effective contextual application of financial awareness and decision-making skills. 

Strategic application of business and financial information to develop and communicate business models. 

Perceptive contextual application of communication and/or collaboration skills.

Insightful exploration and analysis of opportunities presented by digital and emerging technologies. 

Insightful evaluation of the effectiveness of business models. 
B

Purposeful exploration of problems or needs using a customer-focused approach.
 
Mostly creative generation of possible solutions to problems or needs using a customer-focused approach. 

Effective contextual application of financial awareness and decision-making skills. 

Purposeful application of business and financial information to develop and communicate business models. 

Well-considered contextual application of communication and/or collaboration skills.

Well-considered exploration and analysis of opportunities presented by digital and emerging technologies. 

Well-considered evaluation of the effectiveness of business models.
C

Considered exploration of problems or needs using a customer-focused approach.
 
Some creativity in generation of possible solutions to problems or needs using a customer-focused approach. 

Some effectiveness in application of financial awareness and decision-making skills.
 
Competent application of business and financial information to develop and communicate business models. 

Considered contextual application of communication and/or collaboration skills. 

Considered exploration and analysis of opportunities presented by digital and emerging technologies. 

Competent evaluation of the effectiveness of business models.
D

Superficial exploration of problems or needs using a customer-focused approach.
 
Some generation of possible solutions to problems or needs using a customer-focused approach.

Developing financial awareness and decision-making skills. 

Inconsistent application of business and financial information to develop and communicate business models. 

Contextual application of communication and/or collaboration skills. 

Some exploration and description of opportunities presented by digital and emerging technologies. 

Some description of and reflection on the effectiveness of business models. 
E

Limited exploration of problems or needs using a customer-focused approach. 

Attempted generation of possible solutions to problems or needs using a customer-focused approach.

Emerging financial awareness and decision-making skills. 

Attempted application of business and financial information to develop and communicate business models. 

Limited application of communication and/or collaboration skills.

Attempted exploration and description of opportunities presented by digital and emerging technologies. 

Description of the effectiveness of business models.

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