Business Management - Units 3&4 (FBM3A)

Business Management 3 & 4

• Course Introduction
• Unit Three
  • Unit Three Area of Study One
  • Unit Three Area of Study Two
  • Unit Three Area of Study Three
• Unit Four
  • Unit Four Area of Study One
  • Unit Four Area of Study Two
• Assessment
• Online Quizzes
• VCAA exams
• Revision

Course Introduction

VCE Business Management examines the ways businesses manage resources to achieve objectives. The VCE Business Management study design follows the process from the first idea for a business concept, to planning and establishing a business, through to the day-to-day management of a business. It also considers changes that need to be made to ensure continued success of a business. Students develop an understanding of the complexity of the challenges facing decision makers in managing these resources. A range of management theories is considered and compared with management in practice through contemporary case studies drawn from the past four years. Students learn to propose and evaluate alternative strategies to contemporary challenges in establishing and maintaining a business.

Unit Three

Unit Three - Managing a business

In this unit students explore the key processes and issues concerned with managing a business efficiently and effectively to achieve the business objectives. Students examine the different types of businesses and their respective objectives. They consider corporate culture, management styles, management skills and the relationship between each of these. Students investigate strategies to manage both staff and business operations to meet objectives. Students develop an understanding of the complexity and challenge of managing businesses and through the use of contemporary business case studies from the past four years have the opportunity to compare theoretical perspectives with current practice.