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Unit 1: Business
In Unit 1, students explore the factors affecting business ideas and the internal and external environments within which businesses operate, as well as the effect of these on planning a business. They also consider the importance of the business sector to the national economy and social wellbeing. Students investigate the concept of entrepreneurship and the importance of businesses to the national economy and social wellbeing. They consider how business ideas are created and how conditions can be fostered for new business ideas to emerge.
Areas of Study:
● AOS 1: The business idea
● AOS 2: Internal business environment and planning
● AOS 3: External business environment and planning
Unit 2: Business
IIn Unit 2, students examine the legal requirements that must be met to establish a business. They investigate the essential features of effective marketing and consider the best way to meet the needs of the business in terms of staffing and financial record keeping. Students analyse management practices by applying key knowledge to contemporary business case studies from the past four years.
Areas of Study:
● AOS 1: Legal requirements and financial considerations
● AOS 2: Marketing a business
● AOS 3: Staffing a business
Unit 3: Business
In Unit 3, students explore the key processes and considerations for managing a business efficiently and effectively to achieve business objectives. Students examine different types of businesses and their respective objectives and stakeholders. They investigate strategies to manage both staff and business operations to meet objectives, and develop an understanding of the complexity and challenge of managing businesses. Students compare theoretical perspectives with current practice through the use of contemporary Australian and global business case studies from the past four years.
Areas of Study:
● AOS 1: Business foundations
● AOS 2: Human resource management
● AOS 3: Operations management
Unit 4: Business
In Unit 4, 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. Students study a theoretical model to undertake change and consider a variety of strategies to manage change in the most efficient and effective way to improve business performance. They investigate the importance of effective management and leadership in change management.
Areas of Study:
● AOS 1: Reviewing performance – the need for change
● AOS 2: Implementing change
Study Score Contribution
Unit 3 Assessments 25%
Unit 4 Assessments 25%
End of Year Exam 50%
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