TERTIARY & CAREER PATHWAYS:
Auditing clerks, Banking, Bookkeeping/Accounting, Business/Commerce Jobs, Business/Financial analyst, Entrepreneur, Events manager, Human Resources Manager, Marketing, Project Manager, Real Estate Agent, Small business operator
UNIT 3 - Managing a business
In this unit students explore the key processes and considerations for managing a business efficiently and effectively to achieve business objectives. Students examine different types of businesses and their respective objectives and stakeholders. They investigate strategies to manage both staff and business operations to meet objectives, and develop an understanding of the complexity and challenge of managing businesses. Students compare theoretical perspectives with current practice through the use of contemporary Australian and global business case studies from the past four years.
Learning Activities:
Case studies, practical exercises, text questions, and other relevant tasks.
Key Skills Achieved:
Define, describe and apply relevant business management concepts and terms; analyse case studies and contemporary examples of business management; interpret, discuss and evaluate business information and ideas; apply business management knowledge to practical and/or simulated business situations; analyse and discuss management styles and management skills necessary for successful business management, evaluate management styles and management skills and their appropriateness for a range of business situations; propose and justify management strategies for developing corporate culture; examine and apply the key principles of the theories of motivation; compare and evaluate strategies used for motivation and training when managing a business; propose and justify strategies to manage employees effectively; apply operations management knowledge to practical and/or simulated business situations; compare and evaluate strategies used in operations management; propose and justify strategies for improving the efficiency and effectiveness of operations.
Assessment:
Case studies, tests and an end of unit written examination.
UNIT 4 - Transforming a business
Businesses are under constant pressure to adapt and change to meet their objectives. In this unit students consider the importance of reviewing key performance indicators to determine current performance and the strategic management necessary to position a business for the future. Students study a theoretical model to undertake change, and consider a variety of strategies to manage change in the most efficient and effective way to improve business performance. They investigate the importance of leadership in change management. Using a contemporary business case study from the past four years, students evaluate business practice against theory.
Learning Activities:
Case studies, practical exercises, text questions, and other relevant tasks.
Key Skills Achieved:
Define, describe and apply relevant business management concepts and terms; research and analyse case studies and contemporary examples of business management applicable to evaluating key performance indicators and sourcing business opportunities in a business; interpret key performance indicators to analyse and evaluate business performance; apply business management knowledge to practical and/or simulated business situations; compare and evaluate relevant management strategies. Evaluate the advantages and disadvantages of various strategies in implementing change in a business; propose and justify strategies in response to key performance indicators and to assist in implementing change in a business.
Assessment:
Case studies, tests and an end of unit written examination.
VCAA ASSESSMENT - THE OVERALL STUDY SCORE WILL CONSIST OF:
Prerequisites:
N/A
Recommendations:
It is recommended that the student have an overall average score of 65% in any English.
.png)