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HSC Business Studies Question Thread
Thankunext:
Hi!
Should we include definitions in our business reports? My teacher said that we don't have to provide definitions as the business manager, etc. already knows what the strategy or influence is.
emilyygeorgexx:
--- Quote from: Thankunext on October 28, 2019, 01:40:20 pm ---Hi!
Should we include definitions in our business reports? My teacher said that we don't have to provide definitions as the business manager, etc. already knows what the strategy or influence is.
--- End quote ---
Hey!
It depends what you are talking about. Let's say you are going to recommend outsourcing as a strategy. In the case you definitely need to define it in the body paragraph. When writing your responses you need to assume the marker doesn’t know anything about say outsourcing (even though they do).
However, simpler and more common sense definitions such as profitability, market share, sales, etc do not need to be defined.
Good luck with the study and exam tomorrow!
dani01:
hi would someone be able to explain to me the difference between legal and government policies? with examples of both. I don't really understand how they are different. so far i have that policies guide decision making and a legal regulation has the effect of law. but doesn't this apply to both?
Also examples of corporate social responsibility: doesn't it include community programs? wouldn't sponsoring s sporting event be an example? If anyone can answer both that will be greatly appreciated :)
emilyygeorgexx:
--- Quote from: dani01 on October 28, 2019, 04:32:26 pm ---hi would someone be able to explain to me the difference between legal and government policies? with examples of both. I don't really understand how they are different. so far i have that policies guide decision making and a legal regulation has the effect of law. but doesn't this apply to both?
Also examples of corporate social responsibility: doesn't it include community programs? wouldn't sponsoring s sporting event be an example? If anyone can answer both that will be greatly appreciated :)
--- End quote ---
Hi Dani!
I recently explained this in my last ATAR Notes Business Studies lecture following some of the backlash from the 2019 Catholic Trial. To understand the difference between them, please feel free to download my powerpoint here: https://atarnotes.com/note/lecture-slides-september-2019-12/
Also, with your CSR question I assume you are referring to one of the multiple choice questions from the 2017 HSC exam? So, yes it does include community programs, hence why the answer was introducing a community health program as it focus on the 'social goals' aspect of CSR. Sponsoring an event is not an example for CSR only because there is still an ability to have a monetary benefit/gain. For example, when Powerade sponsors sports games, the audience is exposed to the advertisements from Powerade in which consumers are then likely to go and purchase the product, thus increasing Powerade's sales. The whole idea of CSR is to shift away from specifically only focusing on 'financial goals' but also 'social and environmental goals', in which sponsoring an event doesn't truly encompass this concept of CSR.
Hope that clarified it up :)
Thankunext:
Hey!
How do you answer an essay question like explain why CSR is a key concern in operations management?
How should we divide our paragraphs?
And can you talk for example hiring more ATSI people? Because I think that relates to HR and not operations but can we still talk about it?
Many thanks!
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