VCE BUSINESS MANAGEMENT
VCE BUSINESS MANAGEMENT
UNIT ONE GENERAL INFORMATION
Textbook: Title: Key Concepts in VCE Business Management Author: Chapman & Richardson Publisher: Jacaranda Edition: 3rd
Outcomes: The award of a satisfactory completion for Unit One Business Management is based on a decision that you have demonstrated achievement of the set of “outcomes” specified in the VCAA Study Design. The achievement of these outcomes will be based on the completion of a range of assessment tasks (SACs) for each unit. Unit One has three sets of outcomes – one set attached to each Area of Study. To obtain an “S” you must achieve an S on each of the SAC’s for that unit. A numeric grade will also be awarded for the purpose of internal reporting. If you do not ‘pass’ a SAC you may be required to re-sit or re-submit the task to attain an “S”.
Attendance: 1. You must attend at least 90% of all VCE classes – if you are absent, it is YOUR responsibility to collect and complete the work missed during that lesson BEFORE returning to the next class. 2. If you are absent for an Outcome Task or SAC you must present a medical certificate or other documentation before you will be allowed to sit the task or submit a written task late.
Homework: Each week a homework task will be set to consolidate work done in lessons. These tasks may include Chapter Questions, Glossaries or Worksheets. VCE BUSINESS MANAGEMENT
Unit One: Small Business Management Small, rather than large, businesses make up the vast majority of all businesses in the Australian economy. It is the small business sector that provides a wide variety of goods and services for both consumers and industries, such as manufacturing, construction and retail. This, combined with the employment opportunities, makes the small business sector a vital component in the success, growth and stability of Australia.
Area of Study One: Business Concepts This area of study provides students with an understanding of the generic business concepts which apply to the management of organisations of varying size, complexity or industry setting. Key Knowledge Key Skills features of organisations including for accurately use relevant management profit and not-for-profit organisations; terms; objectives of different types of recognise and classify types of organisations; businesses; distinctions between small, medium acquire and exchange business and large businesses; information and ideas; the contribution of small business to research aspects of business the economy; management using print and online the internal and external (operating sources; and macro) environments of a apply business management business; knowledge to practical and/or business ethics and socially simulated business situations; responsible management and their analyse business information and data. impact on various stakeholders
Outcome One (20%) On completion of this unit the student should be able to explain a set of generic business characteristics and apply them to a range of businesses. School Assessed Coursework SAC 1 – Structured Questions (Test) – 20 marks VCE BUSINESS MANAGEMENT
Area of Study Two – Small Business Decision-Making, Planning & Evaluation There are many decisions to be made and considerable planning to be undertaken prior to the commencement or purchase of a small business. Students also examine the ongoing decisions and planning that must occur throughout the life of the business. Evaluation of the performance of a business is vital; students examine the performance of a business using a range of measures including key performance indicators. The management practices of small businesses are also considered with respect to their ethical and socially responsible approach to decision-making, planning and evaluation. Key Knowledge Key Skills Part One – Major Decisions Prior to accurately use relevant management Starting a Small Business terms; the motivation behind starting a small research aspects of small business business management using print and online major factors that influence decisions sources; made when establishing a small acquire and exchange business business information and ideas; • forms of ownership explain the importance of complying • New vs Existing with legal and government regulations • Location relevant to the small business; business support services apply small business management Part Two – Business Planning knowledge to practical and/or resource needs simulated business situations; sources of finance and financial evaluate management practices with planning respect to decision-making and laws and regulations affecting small planning. business Part Three – Evaluation strategies used to undertake ongoing evaluation of small business practices which contribute to ethical and socially responsible management with respect to decision making, planning and evaluation. Outcome Two (40%) On completion of this topic the student should be able to apply decision-making and planning skills to establish and operate a small business, and evaluate the management of an ethical and a socially responsible small business. School Assessed Coursework SAC 2a – Preparation of a Business Plan (60%) SAC 2b – Structured Questions (40%) VCE BUSINESS MANAGEMENT
Area of Study Three – Day to Day Operations Option 5 – The Management of Staff in Small Business This area of study examines the essential, on-going activities which sustain an ethical small business and promote its successful growth. There are various areas where skills should be developed in order to conduct a small business in its operational phase. In particular this AoS will concentrate on the management of staff in a small business Key Knowledge Key Skills recruitment; accurately use relevant management selection; terms employment arrangements including research related aspects of small full-time, part-time, casual status business management using print and legislative issues such as Occupational online sources Health and Safety (OH&S) and unfair apply small business management dismissal. knowledge and concepts to the management of staff solve problems, plan and make small business decisions analyse and evaluate the effects of small business management operations acquire and exchange business information and ideas through working cooperatively in groups. Outcome Three (20%) On completion of this topic the student should be able to explain and apply the day-to- day activities associated with the ethical and socially responsible management of staff in a small business. School Assessed Coursework SAC 3 - Case Study Analysis – Staffing a Small Business