VCE Business Management Question Thread!

[Michael Scofield]

What are the five human resource strategies?

[stephgreggxxoo]

What are the five human resource strategies?

The human resource strategies are all the activities done throughout the employment cycle so there aren't just 5 it is everything from job analysis to selection to rewards and recognition to assistance in resume writing after being terminated.

I used to have a lot of trouble with this whenever a question regarding human resource strategies came up but it's just all the parts of the employment cycle as they are implemented to assist an organisation in completing it's objectives.

I don't know if this helps but I hope it did and good-luck on the exam tomorrow

[stephgreggxxoo]

Hi Guys

I just wanted some feedback regarding the 10 marker on VCAA 2013 Bus man,

My teacher would have given it a 9 or 10, just wanted your opinion.

No ones replying to me so far, so i came here in hope that someone would have a look

Here it is:

VCAA 2013 Business Management Exam Q6 (10 marks)

The movement of staff into, through and out of an organisation (the employment cycle) is generally managed by the
Human Resource Manager.
With reference to management practices and processes that are associated with each phase of the employment cycle,
discuss
• how the management role of planning could be used in the establishment phase
• how performance indicators could be used in the maintenance phase
• how the choice of management style could impact on the termination phase.

In any organisation, an employee goes through what is called the employment cycle. In this cycle, three stages are evident, the establishment phase, maintenance phase and the termination phase.

The establishment phase is the first stage and describes the initial stages of the employees life in that particular business. Managers can use the management role of planning to set objectives as to improving the performance of new recruits in the business, to ensure that new employees are productive from day one. However, if the manager does not plan effectively and cannot establish any alternate strategies to implement, then the manager’s time is wasted and the employee will just simply become another new employee.

The next stage of the cycle is the maintenance phase, and deals with the effective management of the employee during their time in the business. To maintain the employee in the current job, they must have frequent performance evaluations to ensure that the targets objectives are being met, as well as being linked to the objectives of the organisation. Additionally, employee surveys may be undertaken in the maintenance phase of the employment cycle to check whether or not the work that they are doing is being satisfied by them. If not, this can be reflected on the staff turnover rates of the organisation and can indicate whether or not the organisation has the capability to retain its employees.

Eventually an employee comes to the termination phase of the employment cycle, where the cessation of the employee’s employment is necessary and nearing. An employee can either resign (voluntary termination of employment) or retire (withdraw themselves from the workforce). Other methods of termination that could occur are when the business does not have suitable space for that employee to work and is therefore dismissed (Retrenchment) and when a job of the employee does not exist anymore due to organisational restructure (Redundancy). The management style can impact on the termination phase as it leaves the person to leave on either a position where they have learnt a lot, or where they have learnt barely little. An autocratic managerial style would assume the tiny growth of the employee, as they have had to listen to the manager. A consultative manager on the other hand would have prepared the employee to a greater depth, as they were able to contribute and gain valuable skills that may be of use in other positions (ie communication skills.)


NB: this was done under exam conditions and i had just typed it up.

Thanks

This looks a lot like my answer I gave to my teacher and she gave it a 9 out of 10 so I would say it's pretty good good-luck on the exam tomorrow

[stephgreggxxoo]

Does anyone know what to write under transition issues (termination management) section? Please help!!!!

Transition issues in the termination phase refer to how a fired employee will make their transition into another organisation, to assist with the transition organizations can offer assistance in resume writing or providing them with job hunters or even helping them develop new skills so that they can enter another industry of work.

For example with Ford, with all the people they are hiring have probably worked in that industry for most of their lives and considering that car manufacturing is dying in Australia they would need either assistance in writing up a resume as they have been in the same job for a long time or help with developing new skills so that they can go work in another industry.

I hope this helped you understand oh and also exit interviews are always a good one as employees may feel upset, scared or even angry about leaving the organization and the managers want to find out why they are leaving if the case is that they have resigned.

I hope this makes sense if it doesn't you can message me
Good-luck on the exam tomorrow

[Shyam995]

This looks a lot like my answer I gave to my teacher and she gave it a 9 out of 10 so I would say it's pretty good good-luck on the exam tomorrow

Thanks Stephgreggxxoo!! Much appreciated!!

I hope you do well tomorrow as well!!

[DominusIlluminatioMea2015]

Last minute but does anyone a comparison of functional and divisional management structures? Or an evaluation or discussion?

[stephgreggxxoo]

Last minute but does anyone a comparison of functional and divisional management structures? Or an evaluation or discussion?

well functional is based on the functions of the org. while divisional bases them on either location, processes, product or customers. Functional has a narrow departmental focus and less lines of communication while divisional has a greater team focus an expertise at every division.

sorry I couldn't help much but good luck on the exam only an hour and a bit to go now !

[Jawnle]

Has anyone got a copy of the 2014 exam? I saw a post about someone posting it up but can't find it anywhere! Thanks in advance

[Callum@1373]

Can anyone explain the differences between a government department, government business enterprise, statuatory authority and provide examples of each? thanks 

[e_k1234567]

Can anyone explain the differences between a government department, government business enterprise, statuatory authority and provide examples of each? thanks 

Government departments are owned by the the government and they focus on providing a service rather than earning profit. These fall under the public sector. Examples are the Department of Foreign Affairs and Trade, and the Department of Health.
Government Business Enterprise are owned by the government and provide a service while making a profit at the same time. Usually they would fall under the public sector, but I'd say that they fall under both. Sometimes they go through privatisation, which is moving to the private sector. Examples are Medibank Private and NBN co.
Statutory Authorities are bodies that are created by an act of parliament (delegated legislation). They fall under the public sector. Examples are VicRoads and Post Office.

[bae]

Hi,

I can't find a good definition for NGO on the internet, and it's not in my textbook glossary, could somebody please help me out?

Thanks

[Callum@1373]

So they're basically not for profit organisations existing in the private sector aiming towards providing a service to the community. For example, Charities and foundations

[bae]

Thanks for the help, much appreciated!

[Rachelle]

Can someone please explain how a functional structure allows for possible economies of scale?
And in reference to the network structure how does it offer cost savings through reduced input costs?
Also does outsourcing generate economies of scale?

Thank you.

[Callum@1373]

Can someone please explain how a functional structure allows for possible economies of scale?
And in reference to the network structure how does it offer cost savings through reduced input costs?
Also does outsourcing generate economies of scale?

Thank you.

So economies of scale means that as a large organisation mass produces goods it creates a large amount of revenue that it can use to charge less per unit. If you have a functional structure, management are exercising more power and focus into the different departments of an organisation. This means that with focus put towards the operations function, resources are invested to ensure that there is success in the production of goods. With greater results from the operations function, a large scale organisation is therefore making more goods and thus allowing for an economy of large size.

With the network structure, a business is essentially getting it's activities by other organisations, in other words leaving the responsibility to others. This means, that input costs such as employees, wages, manufacturing facilities, machinery, time, raw materials are not being paid for by the organisation with the network structure and instead they are just paying a fixed fee for the activities being outsourced, and therefore they are saving money.

As economies of scale is cost savings due to mass producing goods, if a business leaves manufacturing to another organisation, it may mean that the new manufacturing business is more specialized and is able to be more efficient. This could mean that more quantities of products are made at a lower price and thus leading to an economy of scale.