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LWB Level 5 Business, Enterprise & Innovation Learning Workbook
LWB Level 5 Business, Enterprise & Innovation Learning Workbook

LWB Level 5 Business, Enterprise & Innovation Learning Workbook

$10.99
ISBN: 9781988586489
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Code:9781988586489

The LWB Level 5 Business, Enterprise & Innovation Learning Workbook is a practical and forward-thinking resource aligned with the New Zealand Social Sciences and Business Studies Curricula. Designed for Year 9 and 10 students, this workbook bridges the gap between creative ideas and sustainable business practices. It encourages students to think like problem-solvers, exploring how innovation drives the economy and how ethical entrepreneurship can impact the local community and the world.


Key Features

  • Characteristics of an Entrepreneur: Investigates the traits of successful innovators, such as Resilience, Risk-taking, Creativity, and Opportunity Recognition. Students analyze local New Zealand success stories to see these traits in action.

  • The Innovation Process: Teaches the journey from "Lightbulb Moment" to market. Students explore the difference between an invention (a new product) and an innovation (an improvement or new way of doing things) and practice the Design Thinking model.

  • Business Structures in NZ: A clear guide to the legal ways to organize a business, including Sole Traders, Partnerships, and Limited Liability Companies. It also introduces the growing sector of Social Enterprise, where profit is used to solve social or environmental problems.

  • Market Research & Consumer Behavior: Practical tools for identifying a "gap in the market." Students learn how to conduct surveys, analyze competitors, and understand the "Target Audience"—identifying who their customers are and what they value.

  • The Marketing Mix (The 4 Ps): A comprehensive breakdown of Product, Price, Place, and Promotion. Students practice creating a marketing strategy for a hypothetical product, exploring how digital platforms and social media have changed the advertising landscape.

  • Financial Literacy & Planning: Introduces the "numbers" side of business. This includes calculating Break-even points, Profit and Loss, and the importance of Cash Flow. Students learn to differentiate between fixed and variable costs.

  • Enterprise in Action: Guided templates for planning a small-scale business activity (such as a school market day). This covers everything from sourcing sustainable materials to setting a competitive price and managing a team.

  • Ethical & Sustainable Business: Investigates the "Triple Bottom Line"—People, Planet, and Profit. Students explore corporate social responsibility (CSR) and how businesses can reduce their environmental footprint while remaining profitable.

  • Intellectual Property (IP): A simple introduction to protecting ideas. Students learn the basics of Copyright, Trademarks, and Patents, and why protecting "Brand Identity" is crucial in a competitive global market.

  • External Influences on Business: Analyzes how the "outside world" impacts a shop or company. This includes the state of the economy, government regulations, and changes in technology (like the rise of AI or e-commerce).

  • Glossary of Business Terms: A dedicated guide to essential professional vocabulary—such as Capital, Niche, Scalability, Revenue, and Stakeholder—to ensure students can pitch their ideas with confidence and precision.

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