Quick summary: Students investigate the concept of shared value. They begin by watching a clip and exploring some shared value case studies before developing their own shared value initiatives based on one of a number of listed products. Students are asked to look at the social and environmental risks associated with the production of this product and then develop some shared value opportunities based around these risks. Students will then present their ideas to the class.
This lesson supports students to inquire into the big idea of ‘real wealth’. Students develop an understanding of shared values, and build their sustainable and ethical financial knowledge, equipping them with the skills to make sound financial decisions based on social, environmental and economical merit.
- Students understand the concepts of shared value and corporate social responsibility.
- Students recognise ways that shared value can be created for businesses.
- Students recognise some of the risks and opportunities of shared value initiatives.
General capabilities: Critical and Creative Thinking, Literacy, Ethical Understanding.
Cross-curriculum priority: Sustainability OI.8.
Australian Curriculum content description:
Year 7 Economics and Business
- Why and how individuals and businesses plan to achieve short-term and long-term personal, organisational and financial objectives (ACHEK018)
Year 8 Economics and Business
- Types of businesses and the ways that businesses respond to opportunities in Australia (ACHEK030)
Syllabus Outcomes: C4.2, C4.3, C4.4.
Unit of lessons: Real Wealth Year 7 & 8
Time required: 60 mins.
Level of teacher scaffolding: Low – oversee activity.
Resources required: Student Worksheet – one copy per student OR computers/tablets to access the online worksheet. Device capable of presenting a website to the class. Real Wealth Cheat Sheet, Glossary Secondary, CSR And Shared Value.
Digital technology opportunities: Digital sharing capabilities.
Homework and extension opportunities: Includes opportunities for extension.
Keywords: shared value, business, environment, social, responsibility, opportunity.
Cool Australia’s curriculum team continually reviews and refines our resources to be in line with changes to the Australian Curriculum.