VCE Business Management Question Thread!

[PopcornTime]

Does anyone have a VCAA definitions document for VCE Business Management?

[potato722]

Can private limited companies and public listed companies have only one owner or shareholder?

[vceme]

Can private limited companies and public listed companies have only one owner or shareholder?

Private- maximum of 50
Public- unlimited

[Monkeymafia]

What's the best way to answer a question like:

How can the goal setting theory be implemented in the workplace?

or

How can Maslow's hierarchy of needs be implemented in the workplace?

or

How can the four drive theory be implemented in the workplace?

[HonoraryStudent]

doesn't really relate but is business management competitive as other subjects such as further 3/4 and legal 3/4
I don't wanna do stupid mistakes on the exam and lose a study score.
so is business management fun, enjoyable , chill....not boring
worth picking up in year 12 without any 1/2 knowledge?
lemme know

[PolySquared]

doesn't really relate but is business management competitive as other subjects such as further 3/4 and legal 3/4
I don't wanna do stupid mistakes on the exam and lose a study score.
so is business management fun, enjoyable , chill....not boring
worth picking up in year 12 without any 1/2 knowledge?
lemme know

You can definitely pick up busman in year 12 without 1/2 knowledge. Units 3 and 4 only involve some ideas that were covered in 1/2, but they're retaught anyway. In terms of competitiveness, all subjects are competitive at the top end and it changes every year depending on the exam difficulty. If you're willing to put in consistent work throughout the year, busman is a rewarding subject.

[HonoraryStudent]

You can definitely pick up busman in year 12 without 1/2 knowledge. Units 3 and 4 only involve some ideas that were covered in 1/2, but they're retaught anyway. In terms of competitiveness, all subjects are competitive at the top end and it changes every year depending on the exam difficulty. If you're willing to put in consistent work throughout the year, busman is a rewarding subject.

thanks pretty sure I'm gonna pick it up next year
seems to me u did pretty well in it. (congrats  )
thanks for your advice

[Heyyyy]

What's the best way to answer a question like:

How can the goal setting theory be implemented in the workplace?

or

How can Maslow's hierarchy of needs be implemented in the workplace?

or

How can the four drive theory be implemented in the workplace?

to implement these theories into the workplace, you should pick a few of the needs for maslow and a few of the drives from lawrence and norhia and talk about how they work for a business. for example, ,for maslow, you can say physiological needs can be implemented in a workplace by providing employees ith pay. safety needs can be met with a pernamenet contract and job security and social needs can be implementded with an open plan seating arrangement.

for the fouor drive theory. the drive to bond can be implemented with weekly gatherings and opportunities for friendships to form through aspects such as teamwork. the drive to  acquire can also be implemented through promotion and career advancemenet as it can involve acquireing status in the workplace.

[lst1103]

Does anyone have any practice SACs for AOS 2 that they'd possibly be able to send to me? Thanks!

[Monkeymafia]

If you highlight questions in the final exam, will the examiner be able to see the highlighting (because the exams are scanned)?

[Jimmmy]

If you highlight questions in the final exam, will the examiner be able to see the highlighting (because the exams are scanned)?

Most likely, but it doesn't have any impact on how they mark.

I know it isn't the case for BusMan, but some subjects (eg. Global Politics) still have their exams marked physically.

[JenniS21]

doesn't really relate but is business management competitive as other subjects such as further 3/4 and legal 3/4
I don't wanna do stupid mistakes on the exam and lose a study score.
so is business management fun, enjoyable , chill....not boring
worth picking up in year 12 without any 1/2 knowledge?
lemme know

Yes, business management can be quite competitive considering it is one of the more popular VCE subjects that many students tend to choose. It is however, the type of subject that can definitely be picked up in Units 3/4 if you are willing to put in the work to learn the theory and enjoy the subject.

[leonbr264]

Hey Guys
I'm new to this and was wondering if someone could tell me the advantages and disadvantages on Total Quality Management, Materials Management and Lean Management. Would also like to know the best way to get full marks on a 10 mark question.
Thanks very much and would appreciate it.

[Monkeymafia]

Hey Guys
I'm new to this and was wondering if someone could tell me the advantages and disadvantages on Total Quality Management, Materials Management and Lean Management. Would also like to know the best way to get full marks on a 10 mark question.
Thanks very much and would appreciate it.

I think you should download some of the ATAR notes documents in the notes section because they are great! But what I can offer you is just to make sure you understand which each strategy goes under (so a mind map). For example:

There are different strategies that could be implemented by operations:
- quality strategies
- technology strategies
- materials management strategies
- waste minimisation strategies

Quality strategies include:
- quality control
- quality assurance
- total quality management

Technology strategies include:
- automated production lines
- computer aided design
- computer aided manufacturing
- website development

Materials management strategies include:
- forcecasting
- materials requirement planning
- master production schedule
- just in time

Waste minimisation strategies that you need to know:
- lean management principles such as:
             - Timwood
             - pull and push principle (don't know if this is the exact principle I'm just learning timwood),

In terms of a 10 marker - just make sure that you can break up what the question is asking into small manageable sections.

[tycusto]

a bit of stretch seeing as my sac is in two hours but does anyone know the role of the operations manager and how they help a business to improve their competitiveness ?? thank you in advance !!