VCE Business Management Question Thread!

[Jigsaw]

I get agreements, but I still don't get awards, like is the NES a type of award?  Also, do we need to know both collective and enterprise agreements, if so what is the difference?

Awards set out the minimum entitlements on top of the 10 NES. So, the NES aren't a type of award; rather, they are minimum requirements that act as a basis for the awards. The awards cant set out conditions that aren't in line with the NES; and enterprise agreements cant set out conditions lower than the relevant awards (of which the 10 NES still apply). Collective and enterprise agreements are terms for the same concept. Does this make a bit more sense? Feel free to ask for clarification. 

[Ashjames]

Awards set out the minimum entitlements on top of the 10 NES. So, the NES aren't a type of award; rather, they are minimum requirements that act as a basis for the awards. The awards cant set out conditions that aren't in line with the NES; and enterprise agreements cant set out conditions lower than the relevant awards (of which the 10 NES still apply). Collective and enterprise agreements are terms for the same concept. Does this make a bit more sense? Feel free to ask for clarification. 

Okay, so collective and enterprise agreements are the same thing, but thy just have different names? But on the study design in just says 'agreements', I'm still really confused,  my gosh this dot point is doing my head in really. [and I'm doing your head in with questions]


So awards are just the minimum standard for wages and working conditions and agreements can be higher then that, but they have to comply with the minimum standard of the NES [is that right?]

Soooo Sorry but I even tried reading articles for that and I still don't get it [my brains frozen atm]

[Jigsaw]

Okay, so collective and enterprise agreements are the same thing, but thy just have different names? But on the study design in just says 'agreements', I'm still really confused,  my gosh this dot point is doing my head in really. [and I'm doing your head in with questions]


So awards are just the minimum standard for wages and working conditions and agreements can be higher then that, but they have to comply with the minimum standard of the NES [is that right?]

Soooo Sorry but I even tried reading articles for that and I still don't get it [my brains frozen atm]

Not a problem at all! Don't stress about asking; that's what we are all here for.  Anyway, to answer your question, yes! The two terms are the same thing. And yes, in terms of the study design, it just says agreements, but it is referring to the enterprise/collective agreements. (There can be individual employment agreements,(which is just an individual employment agreement between an employer and one employee), but I don't think we are expected to know this - somebody else may be able to clarify this. I haven't seen it in any of the practice exams I've attempted). And for your last question; that is correct. Enterprise agreements must comply with the 10 NES, as well as the minimum conditions set out in the awards; enterprise agreements can not be lower than conditions contained in awards, or neglect the 10 NES.

Hope this helped!

[Ashjames]

Hey guys,


I was just wondering what are the differences in the inputs of a service and a manufacturing business?

[Jigsaw]

Hey guys,


I was just wondering what are the differences in the inputs of a service and a manufacturing business?

A manufacturing business will make use of of inputs that are predominantly raw materials (components/parts that are required for production), as well as capital equipment (such as any automated production lines or machinery, as well as the premises/warehouse of the business). A service business will use inputs that are predominantly labour based (employees who provide a service) and information/research conducted by the business. You could use examples to support your answers, eg a manufacturing business is IKEA, and a service business could be law firms.

[Ashjames]

A manufacturing business will make use of of inputs that are predominantly raw materials (components/parts that are required for production), as well as capital equipment (such as any automated production lines or machinery, as well as the premises/warehouse of the business). A service business will use inputs that are predominantly labour based (employees who provide a service) and information/research conducted by the business. You could use examples to support your answers, eg a manufacturing business is IKEA, and a service business could be law firms.

Thank you so much!!

[abbychambers]

Hey Guys
What are the business objectives of a government business enterprise?

[Jigsaw]

Hey Guys
What are the business objectives of a government business enterprise?

A government business enterprise is a business that is owned and operated by government; hence operating in the public sector of business. Its main objective is to make a profit so that it can continue operating through providing government services; in order to satisfy its shareholders; the government. Therefore, I'd say that it would mainly aim to make a profit, and meet shareholder expectations.

[Nomi16]

Hi everyone,
Is it compulsory to know a business case study for the current study design.

And also i was struggling  with the sample exam, Section A question 8. Can anyone provide a solution to that question. It will be really helpful.

Mod edit (Glasses): Merging posts

[GuZz]

Hi everyone,
Is it compulsory to know a business case study for the current study design.

I am not sure if the study guide specifies that it is compulsory, however I would highly recommend knowing 2-3 businesses in depth. I am personally focusing on Foxtel (Business change) and Yakult (Operations management). Be sure that your examples have taken place in the last 4 years, in order to be classified as 'contemporary'.

[Father]

Hey guys, does the contemporary business example we use have to be Australian?

[GuZz]

Hey guys, does the contemporary business example we use have to be Australian?

It does not have to be Australian. Side note: To be classified as contemporary, examples must be drawn from the last 4 years, as per the study design.

[pingupongu]

What are some points of comparisons between Maslow’s theory and Lawrence & Nohria’s theory? (Similarities and differences) Thanks!

[GuZz]

What are some points of comparisons between Maslow’s theory and Lawrence & Nohria’s theory? (Similarities and differences) Thanks!

Maslow's motivational theory is one that places employees needs on a hierarchy. Managers must seek to fulfil a need before moving up to a higher order need in the hierarchy. Once a need in satisfied, it no longer acts as a motivator. Lawrence & Nohria's four drive theory states that employees are motivated by four key drives. These are the drive to acquire, the drive to bond, the drive to learn and the drive to defend. All these drives act upon an individual at the one time, however one drive may be more dominant then the others.

Similarities:
- Both theories are satisfied through opportunities provided by management i.e Self-actualisation = Career advancement
& Drive to defend = Adequate grievance procedures (Source = Me)
- Both theories have a pursuit of satisfaction (Maslow = needs, L&N = Drives) (Source = Vic Uni lecture)

Differences:
- Maslow's hierarchy of needs follows a sequential order, whereas the drives of Lawrence & Nohria's four drive theory act simultaneously. (Source = Me)
- Once an individuals need is satisfied in Maslow's hierarchy it no longer acts as a motivating force, where as Lawrence & Nohria's drives are continually motivating individuals (Source = Me)
- Maslow's theory has 5 levels wheras Lawrence & Nohria's has 4 drives (Source = Vic Uni lecture)

[kevinhuynhh]

Hi guys,

How do we apply the Learning Organisation to the process of change?

Thanks!!