Reflection on Assessment Task No 4

Mark awarded: N/A, not received yet

I believed I did a good job in editing the video and organising times where our group was able to record the video, and also writing the script- it was difficult finding case studies for Unfair Dismissal and also attempting to find ones without swearing- in the end I couldn't so I had to make do with what I had.

In initial filming the film audio was hampered by background noise, this was a weakness as I was not able to hear this noise and I ended up having to film it again the night before this was handed in.

As this assessment task was not handed back yet I cannot comment on the areas I need to improve on but possibly organising my group to do more work as I seemed to be doing most of it.

Comments: I would have preferred the assessment task to have a longer duration of video but looking at the other assessment tasks this comment may not be true of the other workplace scenarios.

Reflection on Stock Market Game Assessment

Mark awarded: 15/20

Strengths: I believe I adhered to the word count well and still was able to write about my strengths and weaknesses I showed in the stock market game. I think I also wrote a good reflection while adhering to the word count which was very restrictive of the level of detail that I was able to write.

Weaknesses: I did not think that I wrote a very good spreadsheet and more research is needed before I do another one.

Areas to improve: Most probably the spreadsheets as it brought my mark down from a possible Excellent category.

Information learnt: It is very hard to write such an assessment task within 500 words as I could have been able to elaborate about many of the shares but I could not because of the word count.

My only comment is that in the future make the word count at least +-1000 words as I could have easily written that much as well and I had to stick to making one sentence answers to why I bought my shares and also possibly one statement for the reflection on how each of my stocks went.

Marketing Plan- Reflection

Mark awarded: 21/30

Strengths I believe I demonstrated in doing this task:

I believe I wrote a good Marketing Objectives and Goals area as the goals were realistic and also logical to what I believed would happen in the future if another Cafe was to be set up in the Oxford St area. I also believe that I made a good analysis of the surrounding competition and their strengths and weaknesses despite not having visited any of the precincts that I had described as competitors, and only using online reviews as my source of information. Since I am not a coffee drinker I probably did not do as well as others for the Target Market area of the assignment but I think I was able to target a realistic demographic for the coffee shop. I also think that I set this report out logically, which was a comment written by the marker.

Weaknesses I believe I demonstrated in doing this task:

I think that I could have written more under marketing strategies (especially under Place and Promotion) but that was hampered by the word count in which I had to summarise in some areas as I had previously written too much. I could also have written a shorter Executive summary as there was a comment stating that it was too long and some parts were irrelevant. I also think that I could have written a more detailed SWOT analysis but I could not think of too many relevant points.

In this assessment task I could have improved my SWOT analysis and marketing strategies as those are the main areas of my assignment that hampered me from achieving a higher mark. I also could have written a shorter Executive Summary as that could have helped me with the word count and therefore given more words to write in separate areas of the assignment.

I learnt that this particular marker (who is not from Arden) is probably marking this assignment at a much higher level than what we are used to and it is good preparation for the future if I decide to do any more marketing plans for my studies in Year 11 and 12. I also learnt that the SWOT analysis and Marketing Strategies are pivotal areas of a Business plan and I needed to include more detail in those areas.

No other comments, but however some practice in writing a Business Plan prior to doing this assessment could be good.

Our Economy- Reflection

Total Mark: 29/30

This assessment task was to research the economy of Australia and one other economy of my choice- this country in question was Hong Kong. The assessment task consisted of a report describing the economy in both Australia and Hong Kong with a comparison of the two economies and describing the differences.

I learnt from the assessment task about Hong Kong's economy- that they were one of the last Laissez-faire economies in the world (with no government intervention) and how they suffered and recovered from the Global Financial Crisis. I found out that their GDP also fell after their split from the United Kingdom in 1997 as well as the GFC. Their GDP fell more than Australia's but ended up recovering better than the Australian economy, indicating that they are able to bounce back from economic struggles.
I also learnt that the split from the United Kingdom made inflation rates go backwards in the 1997-1998 year and the changes in the CPI have been more unstable than Australia's as they have not had an inflation target as Australia has.

I generally did all parts of the assignment well as shown by the 29/30 mark, however I struggled to find relevant graphs to back up my written work, as shown by my Australian GDP Growth Rate graph because I was only able to find a graph for 14 years instead for 20 years.

I can elaborate more in the aspects of Hong Kong's economy but however I wasn't able to find too much information apart from Wikipedia- with the exception of the CIA World Factbook.

This assessment task was generally well written but the word count was fairly difficult to adhere to.