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--- | --- | --- |\n\n| | |\n| --- | --- |\n\nWelcome to Business Management  \nDear Year 12 Business Management students,  \nWelcome to Business Management 2021 ! During the year we will learn how businesses in Australia and overseas operate, and the challenges they face now and into the future. By the end of the course you will have the necessary skills and knowledge to succeed in the business world.  \nDiscussion of concepts and examples of real businesses and their practices is a key element of Business Management. We encourage everyone to take the opportunity to participate in class discussion with their valued opinions and ideas. Likewise, it is important for everyone to respectfully listen to other’s opinions and ideas.  \nAs with Year 11 BMG you will be expected to maintain folio booklets. During Unit 3 you will have the opportunity to attend an excursion to Carlton and United Brewery in Abbotsford to investigate the operations processes and their socially responsible practices.  \nYou will be surprised how quickly the year goes, so to get the most out of this subject and have an enjoyable year you will need to be very well organised and highly motivated.  \nThere are a number of things that you could do over summer in order to be prepared at the start of 2020. These include:  \n􀂙 Revise coursework covered during your transition lessons. Complete unfinished transition folio work and an Outcome 1 key term glossary.  \n􀂙 Ensure you have a display book and note book.  \n􀂙 Become familiar with your textbook and the Business Management Study Design.  \n􀂙 Communicate with students who have studied the subject in previous years to get their perspective and suggestions for success.  \nPlease feel free to come and see us if you have queries. We hope you all enjoy the year and do your best to achieve success.  \nRegards,  \nMrs Trippett and Ms Denman  \n\n| Our Contact Details |  |  |\n| --- | --- | --- |\n| Narelle Trippett | [trippettn@vermontsc.vic.edu.au](trippettn@vermontsc.vic.edu.au) | Commerce office |\n| Kate Denman | [denmank@vermontsc.vic.edu.au](denmank@vermontsc.vic.edu.au) | Senior Student Managers Office |\n\nOutline of Study Design for Units  \nUnit 3: Managing a Business  \nOutcome 1 – Business Foundations  \nOn completion of this unit the student should be able to discuss the key characteristics of businesses and stakeholders, and analyse the relationship between corporate culture, management styles and management skills.  \nTo achieve this outcome the student will draw on key knowledge and key skills outlined in Area of Study 1.  \nKey knowledge  \n• types of businesses including sole traders, partnerships, private limited companies, public listed companies, social enterprises and government business enterprises  \n• business objectives including to make a profit, to increase market share, to fulfil a market and/or social need and to meet shareholder expectations  \n• characteristics of stakeholders of businesses including their interests, potential conflicts between stakeholders, and corporate social responsibility considerations  \n• the areas of management responsibility including operations, finance, human resources, sales and marketing, and technology support, and how each area contributes to the achievement of business objectives  \n• management styles including autocratic, persuasive, consultative, participative and laissez-faire  \n• the appropriateness of management styles in relation to the nature of task, time, experience of employees and manager preference  \n• management skills including communicating, delegating, planning, leading, decision-making and interpersonal  \n• the relationship between management styles and management skills  \n• corporate culture both official and real, and strategies for its development.  \nOutcome 2 – Managing Employees  \nOn completion of this unit the student should be able to explain theories of motivation and a","cbCaigKW8bAt8yR7","https://ap.wps.com/l/cbCaigKW8bAt8yR7","pdf",478407,"English","# Welcome to Business Management\n# Outline of Study Design for Units\n## Unit 3: Managing a Business\n### Outcome 1 – Business Foundations\n### Outcome 2 – Managing Employees\n### Outcome 3 – The Operations Management Function","[{\"question\":\"What should Year 12 Business Management students do over summer to prepare?\",\"answer\":\"Students should revise transition coursework, complete unfinished transition folio work and an Outcome 1 key term glossary, set up required books, review the textbook and Study Design, and connect with students from previous years for advice.\"},{\"question\":\"What are the key focus areas of Unit 3 Outcome 1 (Business Foundations)?\",\"answer\":\"Students cover business types and objectives, stakeholder characteristics and potential conflicts, corporate social responsibility considerations, and how management responsibilities and styles link to management skills and corporate culture.\"},{\"question\":\"What topics are included in Unit 3 Outcome 2 (Managing Employees)?\",\"answer\":\"Students examine motivation theories such as Maslow, Goal Setting Theory, and the Four Drive Theory, then apply motivation strategies, training options, performance management, and termination management, including roles in the workplace and dispute resolution.\"}]","VCE Induction Package - Units 3 and 4 - Business Management | PDF",1789905744,15]