Business Management

Business Management Units 1 & 2

Unit 1- Planning a Business

Students investigate how business ideas are created and how conditions can be fostered for new business ideas to emerge. What makes a successful business owner? How do businesses become successful? What motivates people to enter into business? How are businesses affected by technological development and globalisation? How do customers and competitors influence the decisions made by businesses?

Unit 2- Establishing a Business

Students investigate the establishment phase of a business’s life. What legal requirements must businesses abide by? How can one effectively market their business? What is the best way to manage the finances of the business? What methods can be used to recruit highly effective staff?

Assessment activities:

Throughout the year students will research businesses of their choice, interview business owners and respond to a series of structured questions. Tasks are designed to prepare students with the knowledge and understanding to succeed in Units 3 and 4.

Selection advice:

This subject is suited for students who are interested in reading, discussing and learning about the

operations of business.

Links to further pathways:

This subject enables students to undertake a variety of tertiary courses. For those not wanting to pursue further studies it allows them to improve their awareness and understanding of how businesses work from various points of view – manager, employee, customer, community member.

Business Management Units 3 & 4

Unit 3 – Corporate Management:

Students will examine large and small businesses and how managers may use different styles and skills to manage their staff. Do businesses behave responsibly? Do managers always do the right thing by their staff and customers? What happens when workers go on strike? How do businesses set up to provide high quality goods and services?

Unit 4 – Managing People and Change:

Students look at how managers and employees cope when change is introduced to their business.  How are Australian businesses affected by globalisation and the need to be socially and environmentally responsible?

Assessment activities:

Throughout the year students will complete a series of short tasks of structured questions. Tasks are based on the types of questions students will face in the end of year exam.

Selection advice:

This subject suits students who are interested in reading about and discussing business (small and large). Entering the workforce as a business owner or employee will require some understanding of the various types of business and what it takes to be successful. You will learn how to develop good relationships with staff, employees and customers. Investigation of the importance of behaving ethically with regard to how you treat people and the environment is also examined. Therefore students will need sound literacy skills.

Links to further pathways:

This subject enables students to undertake a variety of tertiary courses. For those not wanting to pursue further studies it allows them to improve their awareness and understanding of how businesses work from various points of view –manager, employee, customer, community member.

Related Subjects

Units 1-4

Accounting

This subject focuses on the procedures of accounting and finance and the way in which these may be used.

Units 3-4

Australian History

This subject would suit students with an interest in history who like to research information to broaden their knowledge and understanding of Australian history.