VCE+Business+Management

**RATIONALE ** In contemporary Australian society, there is a wide variety of organisations which vary in terms of  size, ownership, objectives, resources and location. These organisations are managed by people. Business Management examines the ways in which people at various levels within a business organisation manage resources to achieve the objectives of the organisation. **AIMS ** This study is designed to enable students to: **UNIT 1: Small Business Management **
 * BUSINESS MANAGEMENT **
 *  acquire a knowledge of the ways in which businesses are managed;
 *  develop an understanding of management, and the concepts and relationships on which it is built;
 * examine the role and functions of management across a range of contexts;
 * explore the operation of management in practice;
 * acquire a knowledge of the skills required in management;
 * examine the values and assumptions underlying business management practice and theory.

**Areas of study ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">I. **Business concepts** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> The focus of this area of study is generic business concepts which apply to the management of  <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> organisations of varying size, complexity or industry setting. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">2. **Small business: decision making, planning and operation** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">This area of study involves a consideration of the range of activities related to the planning and <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> operation of a small business. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcomes ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">For this unit students are required to demonstrate achievement of two outcomes incorporating all <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">areas of study for the unit. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">On completion of this unit the student should be able to: <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">1. explain and apply a set of business concepts and relationships to a range of businesses; <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">2. apply small business management principles and practices and evaluate their effectiveness in  <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> various business situations. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Assessment tasks ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">The award of satisfactory completion for a unit is based on a decision that the student has <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">demonstrated achievement of the set of outcomes specified for the unit. This decision will be  <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">based on the teacher's assessment of the student's overall performance on assessment tasks <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">designated for the unit. The Board of Studies will publish annually an assessment guide which will <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">include advice on the scope of the assessment tasks and the criteria for assessment. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Demonstration of achievement of Outcomes I and 2 must be based on the student's performance <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">on a selection of assessment tasks. Teachers must ensure that tasks selected are of comparable <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">scope and demand. Assessment tasks for this unit are: **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 23.32px;">BUSINESS MANAGEMENT ** **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">UNIT 2: **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> **Management in action**
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">case study analysis;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">business simulation exercise;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">school based short term business activity;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">essay;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">business research ( print and online);
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">test;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">development of a business plan;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">analytical exercises;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">computer modelling
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">interview and report of contact with business;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">business survey and analysis

**<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Area of study ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">2. **Management and communication** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">This area of study involves an investigation of communication as a two‑way process, encompassing <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> the relationship of management and business with their operating and macro environments. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">3. **Managing the marketing process** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">This area of study examines the elements involved in the planning process used by management to  <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> position its products and services in the marketplace. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcomes ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">For this unit students are required to demonstrate achievement of three outcomes. As a set these <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcomes incorporate all areas of study for the unit. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">On completion of this unit the student should be able to: <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> creating change; **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Assessment tasks ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">The award of satisfactory completion for a unit is based on a decision that the student has demonstrated <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">achievement of the set of outcomes specified for the unit. This decision will be based on the teacher's  <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">assessment of the student's overall performance on assessment tasks designed for the unit. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">The Board of Studies will publish annually an assessment guide which will include advice on the scope <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">of the assessment tasks and the criteria for assessment. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Assessment tasks for this unit will be selected from the following: **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 23.32px;">BUSINESS MANAGEMENT ** **<span style="font-family: "Arial Narrow","sans-serif";">UNIT 3: Corporate management **
 * 1) **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Management, change and innovation **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">This area of study examines how management is confronted by change in the operating and macro environments, and investigates innovative and effective responses by Management to these forces.
 * 1) <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">identify innovative management practices and assess the relative importance of the factors
 * 1) <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">identify and explain a range of effective communication methods used in business;
 * 2) <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">analyse effective marketing strategies and processes.
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">case study analysis;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">essay;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">business research (print and online);
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">test;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">development of a marketing plan;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">computer modelling;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">interview and report of contact with business;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">business survey and analyses;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">business simulation exercise;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">analytical exercises.
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">school‑based short‑term business activity;

**<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Areas of study ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">1. **Large‑scale organisations in context** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">This area of study involves an examination of the role and importance of large‑scale <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> organisations to the Australian economy. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">2. **Organisational elements and the role of management** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> This area of study involves an examination of some key elements of large‑scale organisations <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> and management roles. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">3. **Management styles and skills** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> This area of study involves an examination of different management styles and related skills <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> and competencies required to manage large‑scale organisations. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">4. **The management of change** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> This area of study involves an examination of the way in which change is managed and <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">considers significant change issues. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcomes ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">For this unit students are required to demonstrate achievement of three outcomes. As a set these <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">outcomes encompass all areas of study for the unit. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">On completion of this unit the student should be able to: <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">1. identify and discuss major organisational elements and the role of management in large <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> organisations; <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">2. explain, analyse and apply management styles and skills to different situations; <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">3. analyse and discuss the management of change in large organisations. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Assessment tasks ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">**Assessment of levels of achievement** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">The student's level of achievement in Unit 3 will be determined by school‑assessed coursework <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">and an end‑of‑year examination. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Contributions to final assessment ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">School‑assessed coursework for Unit 3 will contribute 25 per cent to the final assessment. The <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">level of achievement for Units 3 and 4 is also assessed by an end‑of‑year examination, which will <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">contribute 50 per cent to the final assessment. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">School assessed coursework ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Teachers will provide to the Board of Studies a score representing an assessment of the student's  <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">level of achievement. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Identify and discuss major organisational elements and the role of management in large organisations. Two written analyses selected from a 25 **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcome 2 ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Explain, analyse and apply management styles and skills to different situations. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcome 3 ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Analyse and discuss the management of change in large organisations 50 || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Two written analyses selected from a portfolio <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Test ‑ open‑book analysis of a case study <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Essay || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">25 <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">25 <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">50  || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> *School‑assessed coursework for Unit 3 contributes 25 per cent to the final assessment ** **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 23.32px;">BUSINESS MANAGEMENT ** **<span style="font-family: "Arial Narrow","sans-serif";">UNIT 4: Human resource and operations management **
 * **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcomes Assessment tasks Marks alloted. ** || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Assessment tasks ** || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Marks allocated * ** ||
 * **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcome I **
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">. || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> **TOTAL MARKS**  ||  **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">100 **  ||

**<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Areas of study ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">1. **Human resource management** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">This area of study involves an examination of the human resource management practices and <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> Processes within large‑scale organisations in Australia. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">2. **Operations management** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">This area of study involves an examination of operations management practices and processes <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> within large‑scale organisations. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcomes ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">For this unit students are required to demonstrate achievement of three outcomes. As a set these <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">outcomes encompass all areas of study for the unit. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">On completion of this unit the student should be able to: <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> of human resources; <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">3. identify and evaluate the effectiveness of operations management. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Assessment tasks ** **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Assessment of levels of achievement ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">The student's level of achievement in Unit 4 will be determined by school‑assessed coursework and <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">an end‑of‑year examination. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Contributions to final assessment ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">School‑assessed coursework for Unit 4 will contribute 25 per cent to the final assessment. The level <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">of achievement for Units 3 and 4 is also assessed by an end‑of‑year examination, which will contribute <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">50 per cent to the final assessment. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">School assessed coursework ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Teachers will provide to the VCAA a score representing an assessment of the student's level <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">of achievement. <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">and processes related to human <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">resource management. || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Two written analyses selected from a portfolio. || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">25   || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> *School‑assessed coursework for Unit 4 contributes 25 per cent to the final assessment. **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Examination **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">(Two hours duration) **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Description of task ** <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Students will be required to respond to a series of questions related to Units 3 and 4. The questions will focus on:
 * 1) <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">identify and evaluate major practices and processes related to human resource management;
 * 2) <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">analyse and critically discuss issues and trends related to change and the effective management
 * **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcomes ** || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Assessment tasks ** || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Marks allocated* ** ||
 * **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcome I ** ||  || ||
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Identify and evaluate major practices
 * **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcome 2 ** ||  || ||
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Analyse and critically discuss issues || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Essay  ||  <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">50   ||
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">and trends related to change and the ||   || ||
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">effective management of human resources. ||   || ||
 * **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Outcome 3 ** ||  || ||
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Identify and evaluate the effectiveness || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">Test - open-book analysis of a  ||  <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">25   ||
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">of operations management. || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">case study  || ||
 * || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> Total Marks ** || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">100 **  ||
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">of operations management. || <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">case study  || ||
 * || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;"> Total Marks ** || **<span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">100 **  ||
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">key management processes and their application to large organisations;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">management styles, skills and effective management;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">the application of effective change management to significant issues;
 * <span style="font-family: "Arial Narrow","sans-serif"; font-size: 13.32px;">management practices and processes as applied in relation to human resource and operations management.