Business Management

Humanities

VCE

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VCE Business Management examines how businesses manage resources to achieve objectives. This study follows the process from the initial idea for a business concept to planning and establishing a business, and through to the day-to-day management of a business. It also considers the changes needed to ensure continued success. Students develop an understanding of the complexity of challenges facing decision-makers in managing businesses and their resources.

A range of management theories is considered and compared with management practices through contemporary case studies drawn from the past four years. Students learn to propose and evaluate alternative strategies in response to contemporary challenges in establishing and operating a business.

This study enables students to:

  • understand and apply business concepts, principles and terminology
  • understand the complex and changing environments in which businesses operate and how businesses must adapt to these
  • understand the relationships that exist between a business and its stakeholders
  • recognise the contribution and significance of business within local, national and global markets
  • analyse and evaluate the effectiveness of management strategies in different contexts
  • propose strategies to solve business problems and take advantage of business opportunities.

Assessment activities

  • a case study analysis
  • short-answer and extended-answer structured questions
  • a business research report
  • development of a business plan and/or feasibility study
  • an interview with and a report on a chosen business
  • a school-based, short-term business activity
  • a business simulation exercise
  • an essay
  • a business survey and analysis
  • a media analysis
  • exams

Selection advice

This study suits students interested in learning about businesses, both small and large. Entering the workforce as a business owner or employee requires an understanding of various types of businesses and what it takes to be successful. Students will learn how to develop good relationships with staff, employees, and customers. The importance of behaving ethically is also examined.

Links to further pathways

The study of VCE Business Management leads to opportunities across all facets of the business and management field such as small business owner, project manager, human resource manager, operations manager or executive manager. Further study can lead to specialisation in areas such as marketing, public relations and event management.