Evaluation Level 2: Applying

Evaluation Level 2: Applying

Student can analyse their strengths, competences and moral compass in their own environment

Satisfactory

Good • Student can identify some of their strengths and competences and know what a moral compass is • Student can identify some work stages and situations that involve ethical choices • Student can analyse their strengths, competences and moral compass in their own environment • Student can present the competence that is relevant to business • Student can consider and analyse the impacts of decisions made by them and by others from different ethical points of view

Excellent • Student can assess their capabilities and their development needs to work as entrepreneurs realistically, with an awareness of the risks involved in business

Student can follow the principles of sustainable development and environmental system management

Satisfactory • Student is able follow and implement the primary principles of sustainable development and environmental system management, requiring guidance from time to time • Student understands the limited nature of natural resources and the importance of their sustainable use

Good

Excellent • Student can follow and implement the primary principles of sustainable development and environmental system management • Student knows the main objectives of ecological, financial, social and cultural sustainability in sustainable development • Student recognises key practices for promoting sustainable development • Student can follow and implement the principles of sustainable development and environmental system management • Student understands the limited nature of natural resources and the importance of their sustainable use at the national level in proportion to the global operating environment

Student can take into account the principles of life cycle thinking and circular economy relationship to new and existing business

Satisfactory • Student understands basic principles of life cycle thinking and circular economy

Good

Excellent • Student understands the principles of life cycle thinking and circular economy and can evaluate the importance as well as give alternative suggestions for development • Student can determine the life cycle of a product and understands the overall effects • Student can assess the energy or material efficiency of a product or service and can propose necessary improvements

Student can generate, develop and test sustainability-driven business ideas and opportunities

Satisfactory

Good

Excellent • Student can generate and develop sustainability-driven business ideas and opportunities, requiring guidance from time to time • Student can explore the companies operating in their chosen sector • Student can generate, develop and test sustainability-driven business ideas and opportunities based on their own strengths • Student can assess business opportunities • Student can present their sustainability-driven business ideas and opportunities • Student can generate, develop and test sustainability-driven business ideas and opportunities and apply them in their own environment • Student can assess and find innovative sustainability-driven business opportunities in the market

Student can produce, present and implement a sustainability-driven business plan

Satisfactory • Student can fill the template of a business plan including elements of sustainability (with a help of teacher or mentor) and present it • Student can fill in a personal survival budget and cashflow forecast and with a help of teacher or mentor

Good

Excellent • Student can produce, present and implement a sustainability-driven business plan • Student can select a suitable company form • Student can establish the prospect of the market and its competitive situation • Student can calculate costs related to business activities and plan the financing • Student can produce a personal survival budget and cashflow forecast • Student is able to consider the legislation when planning business • Student can produce, present and implement a sustainability-driven business plan and apply the knowledge in their own situation • Student can produce budgets and a realistic financial plan • Student can produce a personal survival budget and cashflow forecast • Student can present a realistic plan for the administration and resourcing of the different activities based on the business idea • Student can present company's operating model in a clear way and justify it to selected stakeholders

Student can evaluate the sustainable impact of new and existing business

Satisfactory • Student can evaluate the sustainable impact of new and existing business, requiring guidance from time to time

Good

Excellent • Student can evaluate the sustainable impact of new and existing business • Student can assess key factors contributing to sustainable impact in the business • Student can evaluate critically the sustainable impact of new and existing business and give recommendations for improvement • Student can assess how operating practices have changed during the process, compare them with what they were before and assess the sustainable impact of the whole process