Business Management – 2022 Skyline Hatch UBS VCE Exam Revision Series

November 9, 2022 by No Comments



For free access to the full series of the Skyline Hatch UBS VCE Exam Revision plus all presentation notes and resources, please create an account at https://learning.skyline.org.au. Find out more about Skyline Hatch at https://skyline.org.au

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VCE Business Management examines the ways businesses manage resources to achieve objectives. The VCE Business Management study design follows the process from the first idea for a business concept, to planning and establishing a business, through to the day-to-day management of a business. It also considers changes that need to be made to ensure continued success of a business. Students develop an understanding of the complexity of the challenges facing decision makers in managing these resources.

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

In contemporary Australian society there are a range of businesses managed by people who establish systems and processes to achieve a variety of objectives. These systems and processes are often drawn from historical experience and management theories designed to optimise the likelihood of achieving success.

In studying VCE Business Management, students develop knowledge and skills that enhance their confidence and ability to participate effectively as socially responsible and ethical members, managers and leaders of the
business community, and as informed citizens, consumers and investors. The study of 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.

VCE Business Management enables students to:
• understand and apply business concepts, principles and terminology
• understand the complex and changing environments within which businesses operate
• 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.

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