VCE Units 3 & 4 - Business Management
VCE Units 3 & 4 - Business Management
Overview
The study of Business Management leads to opportunities across all facets of the business and management field such as small business owner, project manager or executive manager. Further study can lead to specialisation in areas such as marketing, public relations, human resource management or event management.
Unit 3 – Managing a business
In this unit students explore the key processes and issues concerned with managing a business efficiently and effectively to achieve various business objectives. Students examine the different types of businesses and their respective objectives. They consider corporate culture, management styles, management skills and the relationship between each of these. Students investigate strategies to manage both staff and business operations to meet objectives.
Areas of study:
- Business Foundations– Introduces students to the key characteristics of businesses and their stakeholders.
- Human Resource Management – Investigate essential factors such as motivation and training involved in effectively managing employees during their time at a business to ensure the business objectives are achieved.
- Operations Management – Examine operations management and consider the best and most responsible use of available resources to produce a quality final good or service in a competitive, global environment.
Unit 4 – Transforming a business
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; change management and the importance of leadership in change management.
Areas of study:
- Reviewing performance, the need for change – Understanding of the need for change. Students examine performance indicators to analyse business performance, driving and restraining forces for change and management strategies to position a business for the future.
- Implementing change – Importance of leadership in change management, how leaders can inspire change and the effect change can have on the stakeholders in a business. Students evaluate business practice against theory, considering how corporate social responsibility can be incorporated into the change process.
Forms of Assessment
Structured questions applying knowledge to a contemporary business case study.
Prerequisites and Corequisites
It is an advantage to have completed Units 1 & 2 Business Management, but not a perquisite to enrol in Units 3 & 4.