VCAA Business Management 2010 Exam

[luken93]

Sorry for the delay guys, but better late than never
All Done:

[burbs]

Do you want me to do solutions?

[careyboy]

Do you want me to do solutions?

as long as u don't add kotter

[luken93]

I don't care, otherwise just an outline of what could be included should be fine
So everyone knows if they were on the right track for each question...

[luken93]

So it's been 5 hours....
I thought there would've been a debate by now?

Or are we all contempt with what we wrote?

[burbs]

OK did them just then quickly, can't be bothered going into detail because it differs with everybody.

1.    a. A performance indicator is a statistic that measures how efficient or effective an organisation has been in achieving its objectives and how it operates.  (You could have also added ‘The performance indicator of Level of Sales could identify the reduction in customer numbers at Flyalot.’)
b.   First define stakeholder, for safe measure, then list any two and explain how.  i.e. Shareholders because of a drop in sales.
c.   HRM – HR Planning to identify job needs and redundancies
OpMan – Some strategy like a website that is low cost to replace staff.
Finance – Pricing
Doesn’t really matter, just make sure your function was not a management role, and that you justified the strategy.
d.   Dependent on 3.
2.   Autocratic due to crisis needing clear, quick communication and expert opinon. Persuasive is acceptable, in some scenarios consultative apparently is, if justified appropriately.
3.   Divisional and something else. Then explain how a geographic based divisional would work better. That seems the most relevant however it is possible others would work too if justified. Remember that expansion will happen, outsourcing possibly so divisional would be useful.
4.   Inputs – Volunteers, buildings etc.
Processes – collecting money and distributing
Outputs – providing aid to children in need.
5.   Strategies from Quality,new technology, layout and materials management.
i.e.
Quality Strategies like TQM or QC to ensure they meet customer expectations and are safe.

6.   a. Define it, then explain how it gives them something to aspire to rararara.
b. Heaps here – employer of choice, cut costs from rehiring etc.
c. discuss, so do pros&cons. Basically employees will be motivated to achieve the reward offered.
Financial – bonuses.
Non-financial – fringe benefits like company car, promotions.
d. Shortlist,  interview, referee check, inform. Possibly employ on probationary term, but not needed. Then say how the process will help them reach goals.
 7. The 10 marker
 – Define change  and introduce your issue.
- Explain how it impacted the company you studied.
- Define restraining, identify some (at least 2) and how they affected.
- Define driving, identify some (at least 2) and how they affected.
- maybe state how restraining need to be overcome so change is successful, sum up how it was achieved.
* Kotter would not give any extra marks, nor would it take any away if you did all the above first.     

[luken93]

OK did them just then quickly, can't be bothered going into detail because it differs with everybody.

1.    a. A performance indicator is a statistic that measures how efficient or effective an organisation has been in achieving its objectives and how it operates.  (You could have also added ‘The performance indicator of Level of Sales could identify the reduction in customer numbers at Flyalot.’)
b.   First define stakeholder, for safe measure, then list any two and explain how.  i.e. Shareholders because of a drop in sales.
c.   HRM – HR Planning to identify job needs and redundancies
OpMan – Some strategy like a website that is low cost to replace staff.
Finance – Pricing
Doesn’t really matter, just make sure your function was not a management role, and that you justified the strategy.
d.   Dependent on 3.
2.   Autocratic due to crisis needing clear, quick communication and expert opinon. Persuasive is acceptable, in some scenarios consultative apparently is, if justified appropriately.
3.   Divisional and something else. Then explain how a geographic based divisional would work better. That seems the most relevant however it is possible others would work too if justified. Remember that expansion will happen, outsourcing possibly so divisional would be useful.
4.   Inputs – Volunteers, buildings etc.
Processes – collecting money and distributing
Outputs – providing aid to children in need.
5.   Strategies from Quality,new technology, layout and materials management.
i.e.
Quality Strategies like TQM or QC to ensure they meet customer expectations and are safe.

6.   a. Define it, then explain how it gives them something to aspire to rararara.
b. Heaps here – employer of choice, cut costs from rehiring etc.
c. discuss, so do pros&cons. Basically employees will be motivated to achieve the reward offered.
Financial – bonuses.
Non-financial – fringe benefits like company car, promotions.
d. Shortlist,  interview, referee check, inform. Possibly employ on probationary term, but not needed. Then say how the process will help them reach goals.
 7. The 10 marker
 – Define change  and introduce your issue.
- Explain how it impacted the company you studied.
- Define restraining, identify some (at least 2) and how they affected.
- Define driving, identify some (at least 2) and how they affected.
- maybe state how restraining need to be overcome so change is successful, sum up how it was achieved.
* Kotter would not give any extra marks, nor would it take any away if you did all the above first.     

well if that's worthy of a 50 then I am really really close!
Best of luck Burb, look forward to working with you (dependent on SS of course haha)

[_avO]

[6]c. discuss, so do pros&cons. Basically employees will be motivated to achieve the reward offered.
Financial – bonuses.
Non-financial – fringe benefits like company car, promotions.

wow can't believe i didn't state the cons :S thats half of the marks right?

[burbs]

I don't think half. Not even certain it is a pro/con one?

[chelseaFC]

If I got the management functions wrong (don't know why but I went with polc) however I suggested an appropriate strategy and justified 2 PI"s could I still get full marks for that second part?

[burbs]

Possibly. I remember reading some Assesment Reports where there were two part questions and consequential were not given, unsure how it will be done this year.

[luken93]

If I got the management functions wrong (don't know why but I went with polc) however I digested an appropriate strategy and justified 2 PI"s could I still get full marks for that second part?

Our teacher/assessor said that even if you did eg. Planning and then a strategy, your strategy will still be counted, so you will only lose 2 marks

[chelseaFC]

Biggest virtual high five right now

[luken93]

Biggest virtual high five right now

no worries, how much better does it feel when someone else relieves the stress haha

[chelseaFC]

Biggest virtual high five right now

no worries, how much better does it feel when someone else relieves the stress haha

it's ridiculous. I was so stressed about those 4 marks haha. Now that I might scrape 2 of those 4 and hopefully get consequential marks for the performance indicator question I feel much better. Cheers mate