VCE Business Management Question Thread!

[lauraaleee]

Can anyone give me any practice questions for my aos 2 internal environment of a large scale organisation sac?

[melissaromeo]

What are some similarities between the consultative and participative management style?
I already have that both uses two way communication but I couldn't think of anything else, if anyone could help me out that would be great!

[Callum@1373]

What are some similarities between the consultative and participative management style?
I already have that both uses two way communication but I couldn't think of anything else, if anyone could help me out that would be great!

Sure thing melissa 
These are the ones off the top of my head:

- Employees can participate in the decision making process
- They are both common to flatter management structures
- Feedback on decisions is acquired from employees
- They both increase morale in employees as they get a say
- They are both suitable for situations where time is not a factor
- They both cost time as management speak with employees before decisions are made

Hope that helps!

[melissaromeo]

hellooo, can anyone help me with comparing the functional and matrix structure?
im struggling to find distinct similarities and differences so if anyone could help me that would be great!
thanks 

[Woodworking]

What does kpl mean

[upandgo]

What does kpl mean

not sure if you mean kpl or kpi  but a KPI stands for 'key performance indicator', which refers to a set of data or statistics that indicate how an organisation is performing in a set area.

[Porta22]

Can advantages and disadvantages of Centralised or Decentralised Employee Relations be asked on a SAC or VCAA Exam?

[Glasses]

Can advantages and disadvantages of Centralised or Decentralised Employee Relations be asked on a SAC or VCAA Exam?

Under the key skills section of the study design (for Unit 4 AOS 1), students need to be able to:
- Evaluate key aspects of human resource management theory.
- Evaluate different practices and processes for managing human resources.

Therefore, I'm fairly confident advantages/disadvantages questions regarding Centralised/Decentralised Employee Relations can be in the exam or a SAC. As well as this, even if you're not explicitly asked to "identify strengths/weaknesses...", questions with the task word "evaluate" will be based on advantages and disadvantages - so you'll need to know the advantages and disadvantages in case this kind of question turns up

[geminii]

Hey guys! This is a Unit 2 question

Despite the help of my textbook I'm still struggling to understand the difference between advertising and public relations. Could anyone help out?

Thanks!

[Glasses]

Hey guys! This is a Unit 2 question

Despite the help of my textbook I'm still struggling to understand the difference between advertising and public relations. Could anyone help out?

Thanks!

So basically advertising is about promoting and marketing a product (good or service) offered by a business, whilst public relations is concerned with promoting a positive reputation and image of the business, to the wider public.
So:
Advertising = Product.
Public Relations = Image/reputation of business itself.

Hope that helps! (If not, let me know and I'll try to make things clearer!)

[geminii]

So basically advertising is about promoting and marketing a product (good or service) offered by a business, whilst public relations is concerned with promoting a positive reputation and image of the business, to the wider public.
So:
Advertising = Product.
Public Relations = Image/reputation of business itself.

Hope that helps! (If not, let me know and I'll try to make things clearer!)

Thanks that helps But just to make sure I completely understand it, what would be an example of public relations? Like would an example be a business associating itself with a different ethical business to make itself look good to the public?

Thanks again

[Glasses]

Thanks that helps But just to make sure I completely understand it, what would be an example of public relations? Like would an example be a business associating itself with a different ethical business to make itself look good to the public?

Thanks again

Just some examples of positive public relations:
- Sponsoring local sporting clubs.
- Donating profits to, or establishing a charity (e.g. - Ronald McDonald Foundation).
- Promoting the business as environmentally friendly
etc.

However I will just note that there is a difference between positive and negative PR. Positive PR is beneficial for the business' image, whilst negative PR (such as public relations crisis') can damage the business' image.

[ffs1234]

Hi

So basically I have my Area of Study 1 SAC tomorrow and no one in my class knows the answer to a revision question she gave us.

the question is:
"identify two interal enviornements. Explain one internal and one external (operating or macro) environmental pressure that may affect the way a LSO operates"

any help would be great! thank you

The internal environment includes all activities, pressures or forces from within the organisation - the factors intrinsic to an organisation that can influence a change over which management has the most degree of control over. For example, employees, stakeholders and managers.

you could talk about employees and how motivation can affect their productivity in the workplace and the ability to produce goods and services as an internal factor.

same thing with external, depending on the macro or operating environment you choose just link it to an example and explain further.

[jayleno]

How much marks can you lose in the exam in order to score an A plus or a in bus man?

[Glasses]

How much marks can you lose in the exam in order to score an A plus or a in bus man?

It can change, but last year the A+ cutoff was 70%, so 19 marks.