ATAR Notes: Forum
VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Business Management => Topic started by: Aqualim on September 19, 2010, 05:03:12 pm
-
Since there will be a fair amount of questions in the next few months regarding 'what is the definition of....' I figured I may as well make a thread where these can be answered.
I'll get the ball rolling;
Define Transitional Issues and WorkCover
-
Transitional issues I presume would be the issues that arise during a transitional phase within a business, such as a merger or acquisition, new management, new management style, new operations system, new work arrangements etc. These issues could include response from staff, wastage, sales levels, profit/productivity losses, or staff retention.
-
Transitional issues I presume would be the issues that arise during a transitional phase within a business, such as a merger or acquisition, new management, new management style, new operations system, new work arrangements etc. These issues could include response from staff, wastage, sales levels, profit/productivity losses, or staff retention.
Excellent, Cheers for that!
Anyone wanna take a stab at WorkCover?
-
Ah WorkCover is basically the insurance company responsible for work injury claims I believe. If any employee is injured at work and wish to make a claim they make it to WorkCover.
-
Holy moly, I haven't seen those 2 words in my text book. O.O
-
Neither, ha, I wouldn't have thought they'll be required on the exam.
-
WorkCover is a Victorian Government Body who employs the rules and regulations as stated in the OH&S Act 2004. As well as being a government body, they provide insurance cover to those who have been injured in workplace accidents.
Hope that helps!
-
Anyone care to provide a good definition of outsourcing for me? My textbook doesnt seem to have one for it...
-
Business ethics is the principles that the business uses to guide its daily activites, based on what it believes to be right or wrong.
ESM is the involvement of businesses in exercises that benefit the community and wider society, rather than being undertaken purely for profit.
-
And I would say CSR is the level a business goes to, to contribute to society, beyond legislative obligations.
-
what is a good definition for a two mark question define organisational structure?
-
2 mark question would generally mean definition and relate to the case study or produce an example. From the assessor's report in 2008 a good definition of Organisational structure is:
The way in which the roles in a business relate to each other, outlining the direction of delegation and communication. It outlines the ways in which employees and their tasks are grouped together and related. Eg. functional structure groups employees according to function such as HR and operations
-
Definition of HRM anyone ?
-
2 mark question would generally mean definition and relate to the case study or produce an example. From the assessor's report in 2008 a good definition of Organisational structure is:
The way in which the roles in a business relate to each other, outlining the direction of delegation and communication. It outlines the ways in which employees and their tasks are grouped together and related. Eg. functional structure groups employees according to function such as HR and operations
thanks
-
HRM is the managing of the relationship between employers and their employees to complement the organisation's strategies* and increase productivity
*to reduce labour costs and improve employees performance
-
HRM is the managing of the relationship between employers and their employees to complement the organisation's strategies* and increase productivity
*to reduce labour costs and improve employees performance
cheers
-
Define: Tariffs (2 marks)
-
A tax levied by the government on imports for purposes of maintaining local competitiveness, support the balance of payments and to earn revenue
-
cheers mate, Define: Modern Award and provide an example of one (2 marks)
I'm assuming this is the same as an Industry Wide Award?
-
Industry wide awards are employment contracts that highlight terms and conditions of employment for a particular industry. This is not a particularly great example but in a dentists award, it states that ordinary hours of work may exceed over eight hours but not ten, Monday-Friday
-
cheers mate, Define: Modern Award and provide an example of one (2 marks)
I'm assuming this is the same as an Industry Wide Award?
It is relatively the same however the difference is that it incorporates the National Employment Standards as a safety net when negotiating awards (and collective agreements/contracts) as opposed to the pre 1991 award which has 5 criteria
-
has anyone got a word document full of definitions that we need to know for the exam?
-
Organising is the coordination of resources that are necessary to achieve business objectives
Controlling is the process of monitoring and evaluating performance and taking corrective action where necessary to ensure the organisation is achieving its desired objectives
-
Organising is the coordination of resources so that plans and objectives can be achieved.
Controlling is the process of implementing and monitoring systems necessary to regulate activities and allow the evaluation of the achievement of plans.
-
has anyone got a word document full of definitions that we need to know for the exam?
there is one of all the barrile defs somewhere in the notes section. not sure all of them are relevant though. i would be interested in one too
-
has anyone got a word document full of definitions that we need to know for the exam?
there is one of all the barrile defs somewhere in the notes section. not sure all of them are relevant though. i would be interested in one too
yea i though i could save myself some time and get someones from this year knowing its all relevant.lol
-
has anyone got a word document full of definitions that we need to know for the exam?
there is one of all the barrile defs somewhere in the notes section. not sure all of them are relevant though. i would be interested in one too
yea i though i could save myself some time and get someones from this year knowing its all relevant.lol
unfortunatly i have no more idea than you. i have a lot in my my notes, most of them probabaly arent relavent but to make sure i put them in there
-
This is something that I made up within a few hours. It's not that great but feel free to edit it any way you like.
-
This is something that I made up within a few hours. It's not that great but feel free to edit it any way you like.
thanks. havent looked at it yet but in your opinion will be sufficient for the exam?
-
I think in the end I probably went a bit overboard but it should be more than sufficient in enabling you to tackle key terms in most questions.
-
Could someone let me know if I'm missing anything in these definitions:
Social Responsibility
Social responsibility is when organisations display a commitment to the environment, society and economy that goes over their legal obligations.
Globalisation
Globalisation is the growing trend of interdependency and trade between countries due to a number of factors, including improvements in technology which has allowed for greater communication and transportation, and the reduction in tariffs.
Assume they are two mark questions?
I think they are adequate enough. An example for each could ensure you definately get both marks.
-
When I provide an example, does the example have to be precisely specific and real?
Like.. do I have a name a real event that has happened for a company, or can I simulate it?
-
When I provide an example, does the example have to be precisely specific and real?
Like.. do I have a name a real event that has happened for a company, or can I simulate it?
not for that sort of thing, like you could just say "For example, a company may contribute a percentage of their earnings to a charity, which is a way that the company gives back to their community, although they are not enforced to by law"
-
When I provide an example, does the example have to be precisely specific and real?
Like.. do I have a name a real event that has happened for a company, or can I simulate it?
Some examples could use stipulation, as they cause be common sense e.g. Quality Control - Red Rooster use temperature testers to monitor the temperatures of their hot chips and hamburgers to ensure they are within the recommended heating bracket
Others such as a merger process for example would require an actual example otherwise it would be incorrect. e.g. Merger of SPC Ardmonda
-
When I provide an example, does the example have to be precisely specific and real?
Like.. do I have a name a real event that has happened for a company, or can I simulate it?
Some examples could use stipulation, as they cause be common sense e.g. Quality Control - Red Rooster use temperature testers to monitor the temperatures of their hot chips and hamburgers to ensure they are within the recommended heating bracket
Others such as a merger process for example would require an actual example otherwise it would be incorrect. e.g. Merger of SPC Ardmonda
Thanks, I've always wondered about If I was right to provide simulated examples for common sense scenarios.
-
Define: Flexible workplace
-
Organisations with work practices that allow employees to balance the demands of family life with the requirements of the workplace
-
these defs arent the ones ive been studying. i have been study ust the ones from the barrile book
-
It's always good to compare your definitions with that of others as well as VCAA assessment 'good responses' because you can't get it wrong when you write something that was considered a good response
-
The ability of larger businesses to afford to buy the necessary machinery, or bulk-buy raw materials, so that they can produce items at a greatly reduced price
-
After an example of World's Best Practice. my idea was that search engine companies such as Yahoo! and Alta Vista would benchmark themselves against the processes, procedures and activities of search engine Google, as it is one of the most visited websites in the world. i.e. attracts and retain customers
-
After an example of World's Best Practice. my idea was that search engine companies such as Yahoo! and Alta Vista would benchmark themselves against the processes, procedures and activities of search engine Google, as it is one of the most visited websites in the world. i.e. attracts and retain customers
World's Best Practice should be defined in terms of a specific KPI - not just something as vague as processes, procedures and activities. This is one of the cases where the definition must contain certain keywords - namely, KPIs.
-
After an example of World's Best Practice. my idea was that search engine companies such as Yahoo! and Alta Vista would benchmark themselves against the processes, procedures and activities of search engine Google, as it is one of the most visited websites in the world. i.e. attracts and retain customers
World's Best Practice should be defined in terms of a specific KPI - not just something as vague as processes, procedures and activities. This is one of the cases where the definition must contain certain keywords - namely, KPIs.
How about now?
'Search engine companies such as Yahoo! and Alta Vista would benchmark themselves against the level of sales, market share and net profit of search engine giant such as Google, as it is one of the most visited websites in the world. i.e. attracts and retains customers
-
After an example of World's Best Practice. my idea was that search engine companies such as Yahoo! and Alta Vista would benchmark themselves against the processes, procedures and activities of search engine Google, as it is one of the most visited websites in the world. i.e. attracts and retain customers
World's Best Practice should be defined in terms of a specific KPI - not just something as vague as processes, procedures and activities. This is one of the cases where the definition must contain certain keywords - namely, KPIs.
How about now?
'Search engine companies such as Yahoo! and Alta Vista would benchmark themselves against the level of sales, market share and net profit of search engine giant such as Google, as it is one of the most visited websites in the world. i.e. attracts and retains customers
Yeh, that's fairly good.
-
Define the term Ethical management
-
The engagement of businesses in activities that are right, that is, doing what is fair just and equitable, rather than being undertaken purely for profit.
Define sustainability
-
The capacity of an organisation to continue operating in a way which benefits them and the environment.
-
sustainability definition should include maintaining it for future generations.
-
sustainability definition should include maintaining it for future generations.
So how would you personally define it?