VCE Business Management Question Thread!

[Billion]

Hi all,
Under the study design dot point; "the process of effective change management in the context of a significant issue", are we meant to learn one or two significant issues in detail, or do we need to know all of them ( approximately 7).

Thanks

[LiquidPaperz]

you guys already upto that? wut the hell

[Zlatan]

Hey everyone

Why are industrial disputes inevitable ?

[Michael Scofield]

What is the difference between conciliation and mediation?

[biggs026]

What is the difference between conciliation and mediation?

Mediation involves two parties attempting to resolve a dispute with the presence of an independent third party. The third party will facilitate discussion and encourage parties to cooperate to reach a mutual decision, however, they will not make suggestions or solution.

Conciliation is similar in that it involves two parties discussing issues with the presence of a third party, but the third party can make potential suggestions and offer solutions to the dispute (this is the key difference). Even though the conciliator can make suggestions/solutions, it doesn't mean that the parties are required to follow them.

Under both methods the two parties reach a formal decision to resolve the dispute (a decision isn't imposed/forced upon them - they mutually agree on one).

[Jono_CP]

How does one evaluate and recommend an industrial agreement? (Provided via photo).

[Jawnle]

How does one evaluate and recommend an industrial agreement? (Provided via photo).

I have solutions to that prac sac if you want them. What's your email?

[Jono_CP]

I have solutions to that prac sac if you want them. What's your email?

Thank for the offer, but I already have the answers. I just don't really understand the answer itself, especially the recommendations...

[Jawnle]

Thank for the offer, but I already have the answers. I just don't really understand the answer itself, especially the recommendations...

The answer basically goes through the options that Elise could take, and the advantages and disadvantages of one of the options.
So the structure is
Definition - industry-wide award (1 mark)
Definition - collective agreement (1 mark)
Definition - individual contracts (1 mark)

Your choice of what option elise should take - justify why you chose this option
Advantage (1 mark)
Disadvantage (1 mark)

The solutions provide you with 3 evaluations of each agreement. You only need to choose one. Neither is wrong, you just need to justify your answer

[LiquidPaperz]

when justifying in a 4-5 mark questions do you need to list disadvantages? i thought you were justifying why that one is the best

[Jono_CP]

when justifying in a 4-5 mark questions do you need to list disadvantages? i thought you were justifying why that one is the best

I think to completely validate a 'justify' response, it is necessary to provide both ends of the spectrum purely to showcase knowledge.

[TimewaveZero]

Could someone please explain how understanding the Kotter change management process may help managers to manage change effectively? I know how it may, but I just can't put it into a concise couple of sentences.

[LiquidPaperz]

did my first business exam today at school, im glad i got all my content in my head, i knew everything i think where i lacked was linking to case study! got another 40 exams to fix that

[Jawnle]

What's the difference between the 7th step: consolidate all of the changes and 8th step: Institutionalise new approaches of Kotter's theory? I find them both to have the "embed it in the organisation's operations" theme

[PsychoT]

What's the difference between the 7th step: consolidate all of the changes and 8th step: Institutionalise new approaches of Kotter's theory? I find them both to have the "embed it in the organisation's operations" theme

To consolidate is to support the enforced change with new resources and to continually reinforce that the change is for the better.

To institutionalize is to make this change apart of the corporate culture of the organization so it becomes normal practice.

That's what i'd say anyway.