Ethical understanding

In this subject students extend and apply their ethical understanding capability by, for example:

• analysing the responsibilities and impact of the proposed business model on global and local communities
• connecting with global and local communities to identify a need or social problem to which a business could respond
• exploring the potential intended and unintended consequences of proposed business models
• considering sustainability and ethics as they identify new global and local connections
• analysing the strengths, capabilities, and weaknesses of the business through tools such as PESTLE analysis¹
• analysing and evaluating the continued effectiveness of the business in meeting a social or local need.

¹ The acronym ‘PESTLE’ is used throughout the subject outline to represent PESTLE, PEEST, or STEEPLE.