VCE Business Management Question Thread!

[Rachelle]

Oh okay.
Is it also because with more employees (for functional structure) in different departments who are focusing in their own area, leading to a higher production of goods and generating economies of scale?
I just remember the teacher saying something along those lines.

Thankyou 

[Callum@1373]

Yeah, so if you think of it this way:

For say a geographic structure your putting say 25% (for say 4 geographic divisions) focus into a geographic division, with say 5 functions within that meaning that's like 5% focus on operations (manufacturing).

But in a functional the structure is split up into 25% focus on operations so therefore it's probably more likely to lead to higher production of goods 

[Rachelle]

I realised I forgot to compare and contrast two functional structures I mentioned in a sac- althought i did compare the two I forgot to note the contrast bit. Does anyone know roughly how much marks will be taken off given it was a 6 mark question?

[Rachelle]

Yeah, so if you think of it this way:

For say a geographic structure your putting say 25% (for say 4 geographic divisions) focus into a geographic division, with say 5 functions within that meaning that's like 5% focus on operations (manufacturing).

But in a functional the structure is split up into 25% focus on operations so therefore it's probably more likely to lead to higher production of goods 

Cool! That makes sense! Thanks

[Callum@1373]

I realised I forgot to compare and contrast two functional structures I mentioned in a sac- althought i did compare the two I forgot to note the contrast bit. Does anyone know roughly how much marks will be taken off given it was a 6 mark question?

I'd guess the mark breakdown was 1 mark for definition of first structure, 1 mark for definition of second structure, 2 marks for 2 similarities and 2 marks for 2 differences. So provided you did the rest well, I'd say 4/6 

I made the same mistake on my unit 2 exam haha didn't know that comparing involved differences as well.

[Rachelle]

I'd guess the mark breakdown was 1 mark for definition of first structure, 1 mark for definition of second structure, 2 marks for 2 similarities and 2 marks for 2 differences. So provided you did the rest well, I'd say 4/6 

I made the same mistake on my unit 2 exam haha didn't know that comparing involved differences as well.

Will there be a mark or two for justification of the structure recommended? Because it also asked which structure do you recommend to [this] company; justify your answer.

[Callum@1373]

Will there be a mark or two for justification of the structure recommended? Because it also asked which structure do you recommend to [this] company; justify your answer.

Ah forget what I said about 2 marks for the 2 definitions, change that 2 marks for the justification. So nothing changes probably. Don't worry though that's the past look into the future! 

[pinklemonade]

Hey guys, I'm just stuck on how to answer the question 'compare and contrast planning and organising'
I know that planning is the process of setting objectives and formulating strategies to achieve objectives, whereas organising is the process of the coordinating resources (employees, equipment and money) and allocating tasks to achieve objectives

However I understand that when it says 'compare and contrast' they want more in the answer (such as similarities and differences), but I'm just not too sure on how to write this in my answer


I'm pretty sure this is going to be on my SAC tomorrow so if anyone could help it would be much appreciated!
Thank you

[pinklemonade]

Hey guys, I'm just stuck on how to answer the question 'compare and contrast planning and organising'
I know that planning is the process of setting objectives and formulating strategies to achieve objectives, whereas organising is the process of the coordinating resources (employees, equipment and money) and allocating tasks to achieve objectives

However I understand that when it says 'compare and contrast' they want more in the answer (such as similarities and differences), but I'm just not too sure on how to write this in my answer


I'm pretty sure this is going to be on my SAC tomorrow so if anyone could help it would be much appreciated!
Thank you

For this question, you can compare and contrast any 2 of the management roles so if anyone could provide an example answer for any 2 that would be really great!!

[Callum@1373]

Hey guys, I'm just stuck on how to answer the question 'compare and contrast planning and organising'
I know that planning is the process of setting objectives and formulating strategies to achieve objectives, whereas organising is the process of the coordinating resources (employees, equipment and money) and allocating tasks to achieve objectives

However I understand that when it says 'compare and contrast' they want more in the answer (such as similarities and differences), but I'm just not too sure on how to write this in my answer


I'm pretty sure this is going to be on my SAC tomorrow so if anyone could help it would be much appreciated!
Thank you

To be quite honest I doubt that you would ever get this question - it's quite ridiculous as the whole idea of management roles is that you get all of the stuff management do and you split it into 4 areas (POLC) therefore they are different and thus comparing/contrasting is not a suitable question for it. However:

(For Planning and Organizing)
Similarities
- Both are performed by management
- Both are done to achieve objectives
- They are both done formally and careful decisions are made when allocating tasks/planning
- They both involve monitoring if the goals were achieved
- Both are quantitative
- Both are ongoing

Differences
- Planning is done before organizing
- Planning involves determining objectives while organizing is determining the people to achieve the tasks for an aim
- Organizing is followed after planning

E.g

Planning is an ongoing process by which management determine objectives for an organisation and then develop and monitor strategies to achieve those objectives. Organizing is a process by which management allocates it's resources to achieve tasks that need to be completed.

Planning is similar to organizing as they are both ongoing processes that need to be done. A business will be constantly planning and monitoring the achievement of objectives and always allocating tasks or managing their resources. Also, Planning and organizing occur at all three levels of management, being senior, middle and front line. Planning and organizing will also be formal processes that get monitored regularly.

Planning is different to organizing in that Planning typically comes before organizing. A good manager will develop strategies to achieve objectives and then use organizing to allocate tasks to work groups in turn to achieve those objectives. Planning can also be different in that Planning can be done for up to 5 years in advance whereas organizing is never done to manage resources that far into the future.

[pinklemonade]

To be quite honest I doubt that you would ever get this question - it's quite ridiculous as the whole idea of management roles is that you get all of the stuff management do and you split it into 4 areas (POLC) therefore they are different and thus comparing/contrasting is not a suitable question for it. However:

(For Planning and Organizing)
Similarities
- Both are performed by management
- Both are done to achieve objectives
- They are both done formally and careful decisions are made when allocating tasks/planning
- They both involve monitoring if the goals were achieved
- Both are quantitative
- Both are ongoing

Differences
- Planning is done before organizing
- Planning involves determining objectives while organizing is determining the people to achieve the tasks for an aim
- Organizing is followed after planning

E.g

Planning is an ongoing process by which management determine objectives for an organisation and then develop and monitor strategies to achieve those objectives. Organizing is a process by which management allocates it's resources to achieve tasks that need to be completed.

Planning is similar to organizing as they are both ongoing processes that need to be done. A business will be constantly planning and monitoring the achievement of objectives and always allocating tasks or managing their resources. Also, Planning and organizing occur at all three levels of management, being senior, middle and front line. Planning and organizing will also be formal processes that get monitored regularly.

Planning is different to organizing in that Planning typically comes before organizing. A good manager will develop strategies to achieve objectives and then use organizing to allocate tasks to work groups in turn to achieve those objectives. Planning can also be different in that Planning can be done for up to 5 years in advance whereas organizing is never done to manage resources that far into the future.

Thank you! I know it's a stupid question but I know it's going to be on my SAC so just had to have an idea of what to write about haha

[Callum@1373]

Yeah, what I think is a good idea is to make a table with the different POLC roles on one side and then a bunch of criteria on the other side of the table (e.g is it ongoing, who does it, formal/informal etc) and then use it to analyze questions and just general revision 

[chansena]

Hi,

I'm struggling with this question:

How is corporate social responsibility defined ?

Does anyone have a simple straight forward definition on how ?

Thanks !

[Callum@1373]

Corporate social respnsiblity refers to a business going above and beyond law to meet the needs of the wider community.

E.g donation to charity, reducing their environmental impact

I've heard other teachers say and examiners say that it's really good to have the 'above and beyond law' part because that's what is really being socially responsible. For example, littering waste in the river is illegal but ensuring that the minimal amount of waste is produced is beyond law.

[iClinton]

Struggling with input , process and output, help would be much appreciated
For example a secondary school, what would be the input process Nd output ?