Senior Syllabus Business Organisation and Management 2007 ISBN: 978-1-920749-31-6 Business Organisation and Management This syllabus is approved for general implementation until 2014, unless otherwise stated. To be used for the first time with Year 11 students in 2008. © The State of Queensland (Queensland Studies Authority) 2007 Queensland Studies Authority, PO Box 307, Spring Hill, Queensland 4004, Australia Phone: (07) 3864 0299 Fax: (07) 3221 2553 Email: office@qsa.qld.edu.au Website: www.qsa.qld.edu.au BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Contents 1. Rationale ........................................................................................................... 1 2. Global aims ....................................................................................................... 2 3. General objectives ............................................................................................ 3 3.1 Knowledge and understanding .................................................................. 3 3.2 Reflection processes ................................................................................. 3 3.3 Action skills ................................................................................................ 3 3.4 Values and ethics ...................................................................................... 4 4. Course organisation ......................................................................................... 5 4.1 Time allocation .......................................................................................... 5 4.2 Units of study ............................................................................................. 5 4.2.1 Elective study ................................................................................. 5 4.3 Sequencing and integration of units ........................................................... 6 4.4 Required components of each unit of study ............................................... 6 4.5 Composite classes ..................................................................................... 6 4.6 Work program requirements ...................................................................... 7 5. Course content ................................................................................................. 8 The nature of business (NB) ............................................................................... 8 Organisations and management (OM) .............................................................. 10 Entrepreneurship (EN) ...................................................................................... 11 Marketing management (MK) ............................................................................ 13 Operations management (OP) .......................................................................... 15 Human resource management (HR) ................................................................. 17 Financial management (FM) ............................................................................. 19 Business plan (BP) ........................................................................................... 21 Elective study (EL) ............................................................................................ 23 Reflection processes (RP) ................................................................................ 24 Action skills (AS) ............................................................................................... 26 6. Learning experiences ..................................................................................... 28 6.1 Learning contexts .................................................................................... 28 6.2 Group-oriented learning activities ............................................................ 28 6.3 Experiential learning strategies ................................................................ 28 7. Assessment ..................................................................................................... 29 7.1 Underlying principles of exit assessment ................................................. 29 7.2 Planning an assessment program ............................................................ 31 7.2.1 Special consideration ................................................................... 32 7.2.2 Authentication of student work ...................................................... 32 BUSINESS ORGANISATION AND MANAGEMENT 7.3 7.4 7.5 7.6 7.7 SENIOR SYLLABUS Suggested assessment techniques ......................................................... 32 7.3.1 Objective and short answer responses ........................................ 32 7.3.2 Response to stimulus material ..................................................... 33 7.3.3 Extended written response ........................................................... 33 7.3.4 Project and practical work ............................................................ 34 7.3.5 Business plan .............................................................................. 34 7.3.6 Non-written responses ................................................................. 35 7.3.7 Observation of performance ......................................................... 35 Exit criteria ............................................................................................... 36 Requirements for verification ................................................................... 36 7.5.1 Post-verification assessment ....................................................... 36 Determining exit levels of achievement .................................................... 37 Standards associated with exit criteria ..................................................... 38 8. Language education ....................................................................................... 39 8.1 Conventions of communication ................................................................ 39 8.2 Specific language genres in Business Organisation and Management .... 39 9. Quantitative concepts and skills ................................................................... 41 10. Educational equity .......................................................................................... 42 11. Resources ....................................................................................................... 43 Text and reference books ................................................................................. 43 World Wide Web ............................................................................................... 43 Newspaper reports ........................................................................................... 43 Periodicals ........................................................................................................ 43 Electronic media and learning technology ......................................................... 44 Organisations and community resources .......................................................... 44 Appendix 1 ............................................................................................................... 45 Reflective Participant Study Design .................................................................. 45 Appendix 2 ............................................................................................................... 46 Sample course and assessment overview A ..................................................... 46 Sample student profile A ................................................................................... 47 Sample course organisation B .......................................................................... 48 Sample assessment plan B .............................................................................. 49 Sample student profile B ................................................................................... 50 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 1. Rationale Australian business organisations have a leading position in society, and in personal and professional life. Through this syllabus, young people have the opportunity to develop an appreciation of issues challenging business organisations and managers locally, nationally and globally. Business practices include the use of innovation, entrepreneurial creativity, strategic planning, management, marketing, and information and communication technologies. In an increasingly dynamic and global society, it is important for young people to be able to make informed and rational decisions about business organisation and management. Business is pervasive, and study of this subject sets a foundation for success irrespective of future pathways. The syllabus promotes awareness of ethical, and economically and environmentally sustainable business practices. The context of business provides a realistic setting in which the student’s understanding of organisation and management can be developed as it applies not only to business organisations but also to the student’s personal life. This syllabus contributes to developing an enterprising culture in Australia and identifies contributions that such a culture could make to improving economic and community wellbeing. Through this subject, young people should develop the knowledge, skills and attitudes of informed, critical observers or stakeholders — that is reflective participants. This means that participants reflect upon their interactions with business, its organisation and its management. An illustration of the reflective participant study design can be found in Appendix 1. To become active and reflective participants in the community, young people require knowledge of and proficiency in the skills of business management. In this context, students develop a range of intellectual, technological and operational skills, including the key competencies.1 1 KC1: collecting, analysing and organising information; KC2: communicating ideas and information; KC3: planning and organising activities; KC4: working with others and in teams; KC5: using mathematical ideas and techniques; KC6: solving problems; KC7: using technology. 1 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 2. Global aims By the end of this course, students should have developed: awareness of the significance of organisations in Australia in serving the needs of individuals, businesses and society appreciation and understanding of the role of management in promoting the effective performance of organisations understanding of how stakeholders interact with business organisations, and the impact and outcomes of these relationships skills to evaluate, from different perspectives, the effectiveness of business organisations and management appreciation of the different values and beliefs underpinning decision making willingness and capacity to accomplish goals through the effective use of technologies, interpersonal skills and communication ability to plan and initiate actions that aim to influence stakeholders within business environments. 2 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 3. General objectives 3.1 Knowledge and understanding Knowledge and understanding involves comprehension and retrieval of information. At the completion of the course of study, students should be able to demonstrate, in a range of dynamic business environments, knowledge and understanding of: business ideas, concepts, techniques, and theories functions and processes of organisations and management active participation of business stakeholders planning and conduct of business activities. 3.2 Reflection processes Reflection processes involve evaluating interactions within business organisations and environments and deciding on strategies for further action. This involves examining alternative courses of action and making informed choices. Students should use conventions of communication in all responses (see section 8.1). At the completion of the course of study, students should be able to demonstrate: strategic planning decision making problem solving critical thinking information processing and communication. See Section 5 for clarification and detail on Reflection processes. 3.3 Action skills Action skills involve putting plans into action to achieve specified outcomes. Active participation in an organisational setting requires the collaboration and cooperation of others. Planning skills, various modes of presentation and interpersonal skills are necessary for effective participation. At the completion of the course of study, students should be able to: plan advocate negotiate work in a team resolve conflict collect and present information. See Section 5 for clarification and detail on Action skills. 3 BUSINESS ORGANISATION AND MANAGEMENT 3.4 SENIOR SYLLABUS Values and ethics Values and ethics influence the decisions and actions of stakeholders. By the completion of this course, students should: be aware of the potentially conflicting values and ethics of stakeholders think critically about the ways businesses are managed and organised appreciate the contributions that effective entrepreneurship, management and organisation make to communities appreciate the need for ethical conduct and social responsibility in business practice appreciate the value of management knowledge and skills in personal and working life Values and ethics are the affective objectives of the syllabus and though they are not directly assessed, they underpin and inform all other objectives. 4 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 4. Course organisation 4.1 Time allocation The minimum number of hours of timetabled school time, including assessment, for a course of study developed from this syllabus is 55 hours per semester. A course of study will usually be completed over two years (220 hours). As a guide to the time allocation for each unit of study, a range of hours is recommended. 4.2 Units of study This syllabus comprises eleven mandatory units of study. These units are listed below. NB Nature of business 10–15 hours OM Organisations and management 10–15 hours EN Entrepreneurship 10–15 hours MK Marketing management 20–25 hours OP Operations management 20–25 hours HR Human resource management 20–25 hours FN Financial management 20–25 hours BP Business plan 20–25 hours EL Elective study (see 4.2.1) 20–25 hours Reflection processes and Action skills are to be integrated and progressively developed throughout the course. They should not be delivered as separate entities, rather as underpinning knowledge and skills within the units of study. The time allocation provided refers to time to be allocated over the whole course. RP Reflection processes 20–25 hours AS Action skills 20–25 hours 4.2.1 Elective study One elective study is to be developed. For example: international business e-business agribusiness local industry study management of not-for-profit organisations business venture a school-developed elective. 5 BUSINESS ORGANISATION AND MANAGEMENT 4.3 SENIOR SYLLABUS Sequencing and integration of units Schools may integrate and/or vary the sequence of units to best suit their own teaching and learning circumstances but must ensure that minimum and maximum time allocations are maintained, and that: either Nature of business (NB) or Organisations and management (OM) is delivered at the beginning of the course neither of these units is delivered as the last unit of the course Business Plan (BP) is completed in Year 12. 4.4 Required components of each unit of study Understandings, suggested subject matter and suggested learning experiences for each unit are provided in Section 5. All understandings must be covered, but choices of specific subject matter, learning contexts and experiences are at the school’s discretion. These choices must: achieve the intent of the syllabus as outlined in the rationale, global aims and objectives of the syllabus be of sufficient depth and scope to facilitate development of all the understandings. 4.5 Composite classes In some schools it may be necessary to combine students into a composite Year 11 and 12 class. This syllabus provides teachers with an opportunity to develop a course of study that caters for a variety of circumstances such as combined Year 11 and 12 classes, combined campuses, or modes of delivery involving periods of student-directed study. The multilevel nature of such classes can prove advantageous to teaching and learning because it provides opportunities to: use peer teaching maximise the flexibility of the syllabus mix multilevel group work with independent work on appropriate occasions structure learning experiences and assessment to allow both Year 11 and Year 12 students to consider the key concepts and ideas at the level appropriate to their needs. The following guidelines may prove helpful in designing a course of study for a composite class: The course of study could be written in a Year A/Year B format, if the school intends to teach the same topic to both cohorts. A topic that will allow new Year 11 students easy entry into the course could be placed at the beginning of each year. Learning experiences and assessment items need to cater for both year levels throughout the course. Even though tasks may be similar for both year levels, it is recommended that more extended and/or complex tasks be used with Year 12 students. Table 5.2 illustrates how a course could be organised for a composite class in Business Organisation and Management. 6 BUSINESS ORGANISATION AND MANAGEMENT Table 5.2 SENIOR SYLLABUS Sample course organisation for a composite class in Business Organisation and Management (Note: Reflection processes and Action skills are integrated and progressively developed throughout the entire course.) 4.6 Students Year A — Semester 1 Year 11 & 12 Nature of business Year 11 & 12 Entrepreneurship Year 11 & 12 Operations management Students Year A — Semester 2 Year 12 only Business plan Year 11 only Elective study Year 11 & 12 Human resource management Students Year B — Semester 1 Year 11 & 12 Organisations and management Year 11 & 12 Financial management Students Year B — Semester 1 Year 12 only Business plan Year 11 only Elective study Year 11 & 12 Marketing management Work program requirements A work program is the school’s plan of how the course will be delivered and assessed, based on the school’s interpretation of the syllabus. It allows for the special characteristics of the individual school and its students. The school’s work program must meet all syllabus requirements and must demonstrate that there will be sufficient scope and depth of student learning to meet the general objectives and the exit standards. Requirements for work program approval can be accessed from the Queensland Studies Authority’s website (www.qsa.qld.edu.au). This information should be consulted before writing a work program. Updates of the requirements for work program approval may occur periodically. 7 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 5. Course content The tables that follow provide details of each unit. See Section 4, Course organisation, for the required sequence and integration of units. Nature of business (NB) The purpose of this unit is to develop understandings about the nature and role of business in the Australian free enterprise economy. It examines key business functions, and the different forms of business organisation that a business may adopt to perform these functions and achieve its goals. External constraints and the demands of businesses’ many different stakeholders are taken into account. Understandings Suggested subject matter Business operates within the context of a dynamic economic system to serve the community in both economic and non-economic roles. The business organisation The roles of business production, employment, careers, enterprise, investment the economic system stakeholder interests A variety of groups are stakeholders in the effective conduct of businesses, although each may have different criteria for effectiveness. Production efficiency and the creation of profit are primary goals of business organisations but they are not the only criteria of business success. Business goals stakeholders profit, efficiency, effectiveness, social responsibility The business activities of an organisation relate to the management and conduct of marketing, operations, finance and human resources. Legal forms of business sole trader partnership company Business is structured in a legal form chosen to suit the type of business. Business functions marketing operations human resources finance. Operation and management of a business organisation are affected by the nature, demands and actions of its internal and external environments and stakeholders. The organisational culture, often expressed in a firm’s mission statement, helps people in the organisation understand the way business is conducted in the firm. The business environment Internal corporate culture and values business ethics Business decisions and behaviour often involve ethical considerations, which may conflict with profit considerations. External political legal economic cultural technological ecological. 8 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Suggested learning experiences and assessment opportunities Investigate a local business (or businesses). Chart history, structures, operations and lifecycle. Investigate a number of local organisations (size, goals, stakeholders, legal structure). Identify similarities and differences. Examine public company annual reports and identify vision, mission statement and prime function. Identify areas of social responsibility and resulting strategies. Construct organisational charts for the school, local organisations and local business. Write a report on these structures and suggest areas for improvement. Undertake research and prepare reports on current issues affecting business environments. Survey the parents, teachers, principal, students and support staff of the school. Find out the criteria they use to judge the effectiveness of the school. Compare the criteria. Write vision and mission statements. Develop a local business directory. Develop community liaisons with small business, enterprise centres and so on. Visit a business to observe its operation. Participate in debates on controversial issues affecting business environments. Use a software package to present a report and graphs on local business statistics. Adopt a business or find a business mentor. Conduct a business ownership survey within the local shopping centres. Graph business lifecycles. 9 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Organisations and management (OM) Organisations are influenced by people, structure, strategy, technology and environments. The functions of management are to plan, organise, lead and control these interdependent components to ensure that the organisation operates effectively. This unit examines the role of organisations, management functions, and different management theories and approaches. Understandings Suggested subject matter Organisations enable people to achieve objectives that they cannot achieve individually. The nature of organisations Organisations require people, strategy, technology and interaction with their environments if they are to function effectively. Elements of an organisation people structure: features, types, organisational charts strategy: SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), strategic planning and decisions environment: internal and external technology: production technologies, information systems. An organisation establishes a structure to allocate, coordinate and control the work and responsibilities of its individuals and groups. The organisational structure is designed to support the organisation’s purpose, strategies, technologies and environment. The manager’s job is to ensure the effective and efficient use of human and physical resources to achieve the organisation’s objectives. Managers use planning, organising, leading and controlling to achieve organisational objectives. Managers require technical, interpersonal, and thinking skills and processes to plan, lead, organise, control, and to manage change. The way managers practise management in particular circumstances, implicitly or explicitly, reflects management theory. The concept and role of organisations The nature of management The meaning of management Management functions planning, organising, leading, controlling Managing change Levels of management Approaches to management management theories management styles. Suggested learning experiences and assessment opportunities Invite managers at different levels and from different organisations to address the class on work tasks, styles of management and so on. Analyse similarities and differences. Interview managers at different levels and from different organisations. Report on personal profiles, planning strategies etc. Include teachers and associated administrators from the school. Prepare SWOT analyses for individuals, the school, and local organisations. Use management tools such as SWOT, decision trees, to develop strategies for managing change. Analyse applications of management theory, philosophy, styles, skills in different work contexts. Profile the organisational structures of local organisations. Interview local business identities. Develop an agenda for a business conference or seminar and invite speakers from the local community. Roleplays, such as conflict resolution strategies, various management styles. Address Year 10 students on an aspect of the Business Organisation and Management course. Attend a business breakfast within the local community. Prepare a portfolio of articles and analyse their relationship to organisations and management. 10 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Entrepreneurship (EN) The purpose of this unit is to develop understanding of the nature of entrepreneurship. There are different motivations for and ways of entering business. This unit examines these, weighing up benefits and costs, and identifying the rewards and risks of entrepreneurship. Understandings Suggested subject matter People are motivated to establish and develop businesses for a variety of reasons, but not all people are suited to starting and operating their own business. The meaning of entrepreneurship Entrepreneurial skills Traits of an entrepreneur Although no universal list of traits describes every entrepreneur, there are common traits among many successful entrepreneurs. Business entrepreneurship motives determinants of success and failure Entrepreneurial behaviour and skills are applicable to a variety of individual and organisational settings, including large, medium and small businesses. Intrapreneurship and the entrepreneurial organisation. Management competence and a systematic approach are factors that enable an entrepreneur to manage risk and achieve business success. The business cycle A business enterprise passes through phases of the business cycle as it develops. Selecting the most appropriate pathway to enter business requires consideration and evaluation of goals, resources and environments. Businesses must comply with legal and registration requirements. It is important for entrepreneurs to know when, how and where to seek advice. Business entry Valuing a business Sources of advice networks government agencies industry associations professionals e.g. solicitors, accountants Pathways buying an existing business investing in an existing business starting a new business inheriting a business franchising Legal requirements, for example: registration and licences employment consumer protection intellectual property torts, contract and consumer law Risk management insurance security finance abilities feasibility commitment. 11 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Suggested learning experiences and assessment strategies Interview a business owner to ascertain personal traits and determinants of success or failure. Develop and/or undertake a self-evaluation test for entrepreneurship. Survey local businesses and prepare a comparative report on structure, form of ownership, reasons for starting the business etc. Prepare a guide for potential entrepreneurs. Select a particular type of business and prepare a case study that investigates the legal requirements and government regulations to establish this type of business. Compare and contrast different pathways to enter business. Retrieve information about entrepreneurs from the internet. Conduct a franchise survey within the local area. In a team, create a business name and logo. Use software to graph reasons for small business failure. Prioritise tasks for establishing a business. Examine the media for information on the purchase of franchises. Set an agenda and chair a school planning committee. Invite speakers to address the class on business issues such as legal compliance or intellectual property. Set up a small business venture. 12 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Marketing management (MK) Successful marketing is essential for business success. Although there are different approaches to marketing, it essentially means being consumer focused. In a competitive environment, organisations need the continued support of stakeholders. Organisations must continually research the market, and tailor products, ideas and services to satisfy the changing needs and wants of consumers and society. Social responsibility, values and ethics also impact on marketing. This unit examines organisations’ marketing strategies and planning activities. Effectiveness of the marketing process is evaluated by assessing how well the needs of both the organisation and its stakeholders are satisfied. Understandings Suggested subject matter Marketing is a group of interrelated activities designed to identify and satisfy consumer wants and needs, and achieve organisational objectives. Concept of marketing The nature of marketing marketing functions marketing in different contexts Marketing orientations production selling consumer societal relationships Marketing environment consumerism regulation, e.g. privacy social costs and benefits ethics technology Consumer behaviour. Marketing mix Product product concept product lifecycle product portfolio Price objectives and tactics approaches Promotion objective methods promotional mix Place distribution channels physical distribution. Marketing strategy Market research research process primary and secondary data data collection methods Marketing strategies target marketing market segmentation marketing mix Marketing plan purpose components. Marketing principles are applicable to all types of organisations. Different orientations to marketing have evolved and organisations may choose an orientation most appropriate to their market. The generally accepted marketing mix is a set of variables — price, product, promotion and place. Organisations use the marketing mix in to attempt to achieve their objectives. Marketing decisions should respond to changes in consumer behaviour to achieve objectives. Effective marketing is a source of competitive advantage to a firm. Ethics and social responsibility should be important concerns in marketing decisions. Consumerism, government regulation and selfregulation guide marketing practices. A marketing strategy involves analysis, selecting a target market and creating an appropriate marketing mix to satisfy the target market. Marketing planning provides a systematic way of assessing marketing opportunities, determining marketing strategies and effectively implementing and evaluating these strategies. Marketing research provides data to help identify marketing opportunities and assess marketing strategies. Changing technologies provide marketing opportunities and affect marketing strategies. 13 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Suggested learning experiences and assessment strategies Evaluate the design and implementation of a market survey in terms of the code of ethics governing market research agencies. Evaluate the marketing activities of an organisation in terms of social responsibility. Examine advertisements or packaging for a variety of products or services. Investigate whether claims of ‘new’ or ‘improved’ products are valid. Visit different types of shops and observe their promotions of a particular product. Record various marketing methods and comment on differences. Identify the pricing strategies adopted by several organisations. Assess whether the pricing objectives are to maximise profit, market share or product positioning. Systematically record on a timeline all the activities involved in the actual purchase of a relatively expensive article of clothing or an electrical appliance. Group the activities in sequence under the headings: problem recognition, information seeking, evaluation of alternatives, purchase decision, post-decision evaluation. Prepare and/or implement a marketing plan for a particular product. Record in your learning journal the team activities undertaken in developing and implementing the market plan. Reflect on the effectiveness of the team in achieving assigned goals. What factors enhanced or inhibited the effectiveness of the team? Investigate different businesses in the same market and compare and contrast different marketing orientations used. Survey local businesses and prepare a list of environmental factors affecting their marketing strategy. Classify the factors as: demographic, economic, competition, cultural, political, legal, technological. Identify a local marketing problem. Clarify the issue and determine procedures to initiate and mobilise group action to encourage acceptable alternatives. Identify market research goals in a particular situation and prepare relevant market research questions. Construct a flowchart identifying the stages and procedures necessary to lodge a complaint or a claim with the appropriate professional, industrial or government body (ombudsman, Office of Fair Trading, etc.) Roleplay selling processes or the handling of customer complaints. Collect the information on the labels of food packages. Assess whether the regulations on food labelling have been adhered to. Determine whether the consumer has been given useful and meaningful information. Debate one of these topics: ‘Freedom of choice or government restrictions’ ‘Marketing costs too much’ ‘Ethics are not important in marketing’. Prepare a chart comparing prices of canteen products to those of the local business community. 14 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Operations management (OP) The production function plays a central role in organisations, whether they produce goods or services. Business organisations are established with the basic purpose of converting various types of inputs into products desired by customers. To achieve organisational goals, production facilities and systems must be designed and managed to ensure the most efficient use of resources. This unit examines the choices and procedures involved in the design and management of business operations. Strategic issues relating to operations include efficiency, effectiveness, quality, technology, innovation, and conservation of resources. Understandings Suggested subject matter Operations management is concerned with planning, developing and controlling the activities involved in creating a product. Concept of operations management Two phases of operations management are strategic planning, and operational planning and control. The strategic decisions of operations management relate to decisions on product, process technologies, facilities and quality. Operational planning and control relate to implementation decisions on purchasing, dispatching, inventory control, scheduling, maintenance and quality control. Increasing productivity is an important concern for operations managers. Managers can use human and technological resources to enhance productivity. The production technologies of line, batch and cell require different work organisations, material flows and labour skills. Goods and services differ according to the mix of tangible and intangible attributes that customers identify and desire. The management of production of services is different from the management of production of manufactured goods. Technology has an increasing role in production and impacts on the nature of work. Operations management is influenced by production philosophies such as just-in-time and total quality management. Operations managers can employ scheduling techniques to ensure materials are at the right place at the right time. Ethical issues such as conservation, environmental concerns, and offshore production affect operations management. Production systems productivity transformations Operations management decisions strategic vs. planning decisions role of operations manager Goods vs. services operations differences between goods and services managing service operations Ethics and social responsibilities. Operations management strategy Product choice product selection product definition Process choice production technologies process flow capacity Facilities choice location choice layout Quality choice approaches to quality control. Planning and control Inventory management techniques inventory control Production control production planning and scheduling dispatching scheduling techniques outsourcing Maintenance corrective and preventative Quality control control measures. 15 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Suggested learning experiences and assessment strategies Select a manufacturer and a service provider. Compare and contrast the methods used by each to ensure quality control. Develop strategies to improve quality of the product or service. Classify the production systems of several manufacturing sites. Identify the factors underlying the choice of system. Investigate and analyse use of inventory control in fast food restaurants. Visit a local professional service provider such as a doctor, accountant or real estate agent. Examine and report on the physical layout of the premises, appointment scheduling system and application of technology. Devise a strategy to motivate employees to maintain maximum service quality in a service industry with a high client–employee contact rate. Invite a guest speaker from a local business to describe their strategies to monitor and evaluate processes and technologies. Choose two businesses (one each from manufacturing and services sectors). Describe the plant, technology and resources used to run the business. Prepare a report on a local firm to describe how the business monitors and controls performance. Investigate e-business operations. Evaluate the impact of Australian businesses moving operations overseas. Conduct a small business venture in your school to produce a product. Debate ‘ethics before profits’. Construct a schedule for publishing the school magazine. Develop a feasibility study for development, production and marketing of a product. Construct a flowchart for a consumer service. Conduct a roleplay negotiating resolution of a product quality issue. Prepare a press release justifying closure of bank branches as a result of strategic decisions. Research and observe some equipment at your school (office, ground maintenance, etc.) and prepare a report on the maintenance schedule for the equipment so that it contributes effectively to the overall operation of the organisation or business. Advocate the importance of environmental protection and responsible operations from the point of view of a conservation group. 16 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Human resource management (HR) People are central to business organisations. The effectiveness of any organisation depends on the people who work in it and how well these human resources are managed. Understanding of job motivation and the principles of job design are essential. Human resource management is closely monitored and regulated by stakeholders because of the importance of work in serving personal, social and economic needs. This unit examines the understandings, strategies and procedures used in the effective management of people at work. Understandings Suggested subject matter Human resource management (HRM) involves a set of interrelated activities aimed at attracting, motivating, developing and retaining the appropriate mix of human resources. Concept of human resource management An organisation’s strategic plan influences HRM. A skilled and motivated workforce is essential to organisational success. Evolving HRM concepts approaches and theories strategic importance role of the HR manager People and work motivation, satisfaction and performance teamwork job design Job analysis is a necessary prerequisite to recruitment and selection processes. Human resource environment internal factors external factors. Understanding motivation theories is important in managing human resources. Performance appraisal provides feedback to employees and the organisation to help make objective decisions about rewards, training and development needs. Human resource planning Planning process employment cycle job analysis Training and development enhances achievement of personal and organisational goals. Effective HRM enhances knowledge management and change management within organisations. HRM is affected by internal and external factors including social, economic, technological, ethical and legislative issues. The social and economic goals of management and employees may differ. The relative bargaining power of management and employees is affected by various factors such as the extent of unionisation, government regulation, demand and supply. Attraction and development recruitment, selection and induction training and development performance appraisal Maintenance and renewal rewards systems career planning turnover and attrition Change management Knowledge management. Management–employee relations Communication and cooperation between management and employees is essential to achieve personal and organisational goals. Industrial relations (IR) systems value of good relations stakeholders in the IR system IR legislation IR instruments Industrial conflict nature and causes of industrial disputes means of resolution Workplace relations promoting harmonious relations policies and procedures terms of employment such as salaries, hours, conditions. 17 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Suggested learning experiences and assessment strategies Interview a human resource consultant on the validity and use of selection tests. Analyse labour market trends and industrial issues. Investigate job application processes to find similarities and differences. Interview a trade union representative about workplace issues. Develop job descriptions and specifications for a range of positions. Investigate the impact of change in HRM policy in a selected organisation. Write a report to identify obstacles to a change in work processes and suggest alternative solutions. Investigate workplace relations over the past 20 years and highlight key milestones and implications for business managers and employees. Interview employees and identify reasons for job satisfaction or dissatisfaction. Develop strategies for improvement. Conduct a skills audit to profile the human resources of a firm, school or class. Examine how HRM policies link with identified business outcomes. Invite guest speakers to form a panel to discuss maintaining good industrial relations. Select a job advertisement and draw up the selection criteria. Write a letter to the principal to advocate a change in school uniform policy. Roleplay a job interview. Roleplay provision of feedback to an employee on job performance. Investigate the impact of nonverbal communication in the workplace. Investigate how stakeholders use the media to focus attention on industrial relations issues. Prepare a memo to staff about a change in policy. Develop an action plan to inform staff, students and parents about a harassment policy. Negotiate resolution of a workplace health and safety conflict situation between a manager and an employee. Develop strategies for motivating different groups of staff. Prepare a personal curriculum vitae (résumé). Analyse selection criteria for a particular job. Prepare a response to selection criteria for a job. 18 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Financial management (FM) Effective financial management is necessary if organisations are to achieve their goals. The purpose of this unit is to develop understandings about the nature and significance of financial management. In this unit, students interpret accounting records, rather than carry out complete accounting processes. Understandings Suggested subject matter The objectives of financial management are liquidity, profitability, risk minimisation and growth. At times these objectives may be in conflict. The concept of financial management Attracting and managing finance is the key to an organisation’s survival, growth and achievement of goals. Sources of finance financial intermediaries short-term and long-term finance. Financial management is influenced by the organisation’s legal structure and the external environment in which it operates. Sources of finance can be internal and external, local and global. Financial information systems are used for business planning and control, and information disclosure. Investment strategies should be based on the evaluation of alternative projects or investments. Financial strategy requires the choice of appropriate types and amounts of finance. Risk management strategies are essential to minimise loss. Budgeting is an essential tool for planning and control. Usefulness of accounting information depends on factors such as accuracy, reliability and timeliness. Record-keeping is necessary to produce financial statements and reports that enable the financial position and profitability of the organisation to be monitored regularly and meet the needs of stakeholders. Importance and meaning role in the organisation the economic environment Financial strategies and planning Investment strategy investment/project evaluation Financing strategy choosing the type of finance under- and over-capitalisation Risk management insurance preventive measures. Financial systems and control Budget planning and control sales forecasting cash budgets Simplified accounting statements and reports balance sheets income statements cash flows Performance analysis and control financial ratio analysis financial control techniques. Analysis and interpretation of financial statements provide indicators of the performance and viability of a business and allow industry comparisons. 19 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Suggested learning experiences and assessment strategies Examine the role and responsibilities of a lending institution with regard to applications for business finance. How does the institution meet these responsibilities? Investigate suitable finance options for purchasing an existing business. Complete an application for a business loan. Invite a representative from a financial institution to speak to the group on what makes a successful application for a business loan. Reflect on how successful your application would be. Roleplay the negotiation of a loan between an entrepreneur and a financial organisation. Conduct a survey to establish community views on the ethics of financial institutions. Evaluate the options a business operator has to obtain funds to procure plant, technology and resources. Debate the effect of interest rate changes on a business enterprise. Investigate the effect of fees and charges from financial institutions levied on merchants. Examine print and electronic media advertisements of financial institutions offering business finance. How would various stakeholders react to these advertisements? Participate in a computer-simulation exercise about financing a business based on established activities, strategic goals and operational budgets of an enterprise (using spreadsheets, decision tree, business simulation, and business planning). Prepare and analyse a cash budget and identify remedial action for potential cash flow problems. Analyse a case study of a business which will have an initial negative cash flow. Identify and evaluate the most suitable type of finance for a business in this position. Investigate and evaluate risk management techniques used by businesses. Research the ways small businesses can go about having their debts collected (factoring, for example) Obtain financial statements of a business and present a variance report to comment on actual performance compared with budgeted performance. Access an accounting package to view sample financial reports. Use an organisation’s financial reports to determine different ratios. Compare these to industry standards and provide comment. Investigate the impact of ineffective financial management or external factors which lead to a business becoming insolvent. Participate in the Share Market Game organised by the Australian Stock Exchange. Select two mining and two industrial stocks. In a journal, chart their movement over the past six months and suggest reasons for the “trends” shown by these stocks. 20 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Business plan (BP) A realistic business plan is critical to the success or failure of a business. A business plan sets out how a business intends to achieve its desired outcomes. This unit provides students with the opportunity to prepare a business plan, applying skills and knowledge developed throughout the course. Understandings Suggested subject matter Planning is essential to success in a competitive and constantly changing business environment. Purpose of a business plan A business plan is a dynamic document used for planning, developing and reviewing a business. A business plan establishes goals against which the performance of the business can be assessed for initial and ongoing viability. Effective planning and research objective planning tool management tool Consideration of stakeholder expectations Establishing goals milestones and key events strategic and operational The business plan provides a test of financial feasibility of the business concept. Accounts for impact of internal and external environments. A business plan demonstrates the viability of a business opportunity for potential investors. A business plan should be constantly monitored, evaluated and modified. Business planning process A generally accepted format exists for a business plan, though this may be modified to suit the plan’s audience. Set goals and objectives Analyse business environments Establish strategies Implement the plan Research is critical to preparing a business plan. Monitor performance Evaluate actual against planned performance A business plan should incorporate marketing, human resources, financial and operational considerations. Modify plan (if necessary). A business plan includes: A business plan should include strategies to meet organisational goals. Executive summary Mission statement Business profile Market and competition analysis Marketing plan Operations plan Human resource plan Financial plan and risk analysis. 21 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Suggested learning experiences and assessment strategies Examine sample business plans. Search the internet for various business plan templates. Identify and search sources of primary and secondary data such as ABS, Austrade, Chamber of Commerce, government agencies. Invite a guest speaker to discuss franchise businesses. Link with business mentors. Develop a business plan. Practise setting short- and long-term goals. Investigate risk factors and suggest strategies to minimise their impact. Research sources of business advice. Investigate ongoing education programs for business operators. Conduct market research, collate and analyse results. 22 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Elective study (EL) The elective study serves a number of purposes: provides opportunities to build on existing understandings, develop additional understandings and enhance certain processes and skills provides for more in-depth study of particular units adds flexibility to the course, enabling use of particular school or community resources or exploration of students’ interests. One elective study is to be drawn from the following list: international business e-business agribusiness local industry study management of not-for-profit organisations business venture a school-developed elective. This elective study may be integrated into one of the existing units in the course or included as a discrete individual unit. For the chosen elective study, schools are required to develop their own understandings as well as specify the subject matter and learning experiences according to time allocations outlined in section 4, Course organisation. Understandings, subject matter, and learning experiences should reflect the rationale, global aims and general objectives of the syllabus. 23 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Reflection processes (RP) Reflection processes relate to thought processes focused on evaluating issues and deciding on appropriate strategies for action. Reflection processes include deliberation and making informed decisions about alternative courses of action. Students should use fluent, logical and coherent expression in all responses. Reflection processes should not be delivered as a separate unit, but integrated and progressively developed throughout the course as underpinning knowledge and skills. Refer to Section 4, Course organisation. Process Rationale Strategic planning Strategic planning provides the vision for the organisation, influencing the development of operational plans. Strategic planning involves setting longrange goals and identifying strategies to ensure those goals are achieved. Enabling components Setting goals and objectives Identifying skills and resources, and ranking factors which influence the organisation’s ability to achieve objectives Comparing resource profiles with the requirements for success Determining opportunities and threats to the achievement of objectives, including possible stakeholder responses Forecasting results of strategies Identifying, evaluating and deciding upon alternative strategies Managing risk Decision making Decision making is a prerequisite to putting ideas into action. Decision making is the process of judging and selecting the best option. Stating the desired goal Developing criteria relevant to the situation Identifying obstacles to realising the goal Generating options to overcome obstacles Examining options in terms of resources, costs and constraints Ranking options in terms of their probable consequences Choosing the best options according to the criteria 24 BUSINESS ORGANISATION AND MANAGEMENT Component Rationale Problem solving Problem solving is the process of seeking solutions and exploring alternatives to problems, in order to recommend and implement the best solution. SENIOR SYLLABUS Enabling components Clarifying the problem Collecting data Diagnosing causes Proposing solutions to the problem Testing alternative solutions Choosing the best solution Applying the solution Critical thinking Critical thinking is about adopting a questioning and evaluative mindset. It involves thinking independently to make judgments about information and make unbiased decisions. Reading and listening critically to detect bias Questioning deeply to clarify issues Evaluating the accuracy, credibility and reliability of a statement, fact or source Distinguishing between relevant and irrelevant information, claims or reasons Recognising contradictions and inconsistencies in a line of reasoning Noting similarities and differences Considering implications and consequences of ideas Analysing and evaluating arguments, policies, assumptions, theories and solutions Information processing and communication Information processing converts raw data into meaningful information which can be appropriately used. Processing data requires research and analytical skills to ensure data is meaningfully interpreted and used. Planning the research process Formulating questions Developing a search strategy Choosing appropriate data sources Exploring and categorising data Collecting data Interpreting data Organising notes Deciding on appropriate presentation Citing sources using appropriate conventions 25 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Action skills (AS) Action skills relate to putting plans into action. Action skills involve accomplishing goals through working with and influencing people through the skilful use of language and ideas. Action skills should not be delivered as a separate unit, but integrated and progressively developed throughout the course as underpinning knowledge and skills. Refer to Section 4, Course organisation. Component Rationale Planning Action planning focuses on achieving short-term, specific objectives and identifies who does what, when. Enabling components Specifying short-term objectives Allocating tasks Managing time Achieving milestones Logging progress and critical events Monitoring progress Taking corrective action Advocating Advocating involves preparing and presenting a persuasive case to motivate people to support a course of action or accept a certain point of view. Stakeholders need to advocate to influence key decision makers and to achieve the goals of the organisation. Setting and communicating goals Acting openly and honestly Forming strategic alliances Understanding audience values, interests, needs and perceptions Making proposals to introduce and clarify new ideas Establishing legitimacy and authority by using forms of proof Making messages easy to remember Encouraging audience participation Writing and speaking persuasively Negotiating Negotiating involves communication between parties with the aim of achieving agreement and commitment to a particular course of action. In some cases, parties may reach mutual agreement and satisfaction. In other cases, parties may have to compromise to reach agreement. In others, compromise and agreement may not be reached if the demands of the parties are mutually unacceptable. Researching the issue and relevant parties Clarifying the nature of the conflict, issues and likely scope of negotiation Establishing ground rules Choosing a position, and recognising the positions of other parties Establishing common ground Identifying mutually beneficial trade-offs using consensus and collaboration Maintaining the planned course of action despite opposition Keeping a long-term perspective Maintaining initiative by asking questions, giving information, making proposals and formulating deals Sustaining credibility through consistent behaviour Strengthening relationships by finding beneficial outcomes for both parties Drafting a clear, written final agreement 26 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Component Rationale Enabling components Working in a team Teamwork is a cooperative effort by a group of people to achieve a common goal. Team building involves helping team members set realistic goals, establishing rules and responsibilities, encouraging discussion and idea generation, recognising and rewarding success and effective performance, as well as challenging and encouraging team members. Leaders must work as part of the team. Accepting responsibility Being open and honest Supporting and contributing to team effort Experiencing different roles in group activities Understanding individual and cultural diversity Using effective communication skills such as active listening and questioning Showing tolerance to other points of view Encouraging involvement of all group members Showing enthusiasm Taking an active part in planning and carrying out team activities Negotiating and compromising to achieve results Managing conflict, criticism and confrontation with others Sharing information Resolving conflict Resolving conflict means overcoming differences to reach mutual agreement. Constructively managed, conflict has considerable value in highlighting problems and the need for solutions. Poorly managed conflict undermines morale and disrupts organisations. Structures and systems may be established to reduce the occurrence of destructive conflict. Collecting and presenting information Collecting and presenting relevant information to support plans for achieving specified outcomes. Collecting relevant primary and secondary data, and presenting it appropriately to help making decisions and achieving outcomes. Engaging in effective communication, such as active listening and clear statement of facts Negotiating and compromising Dealing with difficult people and situations assertively to avoid intimidation or being provoked into an angry, emotional response Helping to repair damaged relationships and rebuild trust and understanding Dealing with criticism as constructive, rather than negative, feedback Defining the needs of the audience and purpose of collecting data Collecting primary data (like surveys and interviews) and presenting the results in a format that helps put plans into action Accessing secondary data to provide evidence to support actions Selecting categories or structures by which to organise information Presenting the results of action in a mode or form of communication that suits the context and audience 27 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 6. Learning experiences Learning experiences in Business Organisation and Management should be devised to provide the opportunity to achieve the general objectives of the syllabus. Sample learning experiences are provided in the syllabus for each unit in Section 5. 6.1 Learning contexts The subject matter suggested for study in this syllabus may be drawn from or placed in a variety of learning settings. The classroom and the school setting provide a number of contexts for studying and practising Business Organisation and Management. Outside the school setting students’ personal and vicarious experiences of the various roles in business and non-business organisations give rise to many meaningful learning activities. The local business community provides ready access to learning resources and a readily available focus of study. Learning activities used in these contexts could include: advisory councils guest speakers biographies group investigations case studies interviews citizen action leadership camps committee membership media files debates multimedia presentations diagrams organisational charts and flowcharts discussions pod casting excursions 6.2 project planning research assignments roleplays statistical analyses surveys webpage designs work experience work study Group-oriented learning activities Given the participatory nature of management and organisation, many of the required processes and skills of the syllabus are best developed through group-based learning activities. 6.3 Experiential learning strategies This syllabus encourages teachers to develop and adopt teaching and learning strategies which promote reflective and active participation in the management and organisation of business. Experiential learning strategies give an entrepreneurial quality to the process of management and allow integration of a number of learning experiences. Included among these strategies are: business planning for a new or continuing enterprise managing a school-based business venture business management simulations and games entering business competitions use of new and emerging technologies. 28 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 7. Assessment The purposes of assessment are to provide feedback to students and parents about learning that has occurred, to provide feedback to teachers about the teaching and learning processes, and to provide information on which to base judgments about how well students meet the general objectives of the course. In designing an assessment program, it is important that the assessment tasks, conditions and criteria are compatible with the general objectives and the learning experiences. Assessment then is an integral aspect of a course of study. It can be formative or summative. The distinction between formative and summative assessment lies in the purpose for which that assessment is used. Formative assessment is used to provide feedback to students, parents and teachers about achievement over the course of study. This enables students and teachers to identify the students’ strengths and weaknesses so students may improve their achievement and better manage their own learning. The formative techniques used should be similar to summative assessment techniques, which students will meet later in the course. This provides students with experience in responding to particular types of tasks, under appropriate conditions. Feedback on any early assessment tasks may be used in a formative sense to assist students’ preparation for later assessment tasks. Summative assessment, while also providing feedback to students, parents and teachers, provides cumulative information on which levels of achievement are determined at exit from the course of study. It follows, therefore, that it is necessary to plan the range of assessment techniques and instruments/tasks to be used, when they will be administered, and how they contribute to the determination of exit levels of achievement. Students’ achievements are matched to the standards of exit criteria, which are derived from the general objectives of the course. Thus, summative assessment provides the information for certification at the end of the course. 7.1 Underlying principles of exit assessment The Authority’s policy on exit assessment requires consideration to be given to the following principles when devising an assessment program for the two-year course of study: Information is gathered through a process of continuous assessment. Balance of assessments is a balance over the course of study and not necessarily a balance over a semester or between semesters. Exit achievement levels are devised from student achievement in all areas identified in the syllabus as being mandatory. Assessment of a student’s achievement is in the significant aspects of the course of study identified in the syllabus and the school’s work program. Selective updating of a student’s profile of achievement is undertaken over the course of study. Exit assessment is devised to provide the fullest and latest information on a student’s achievement in the course of study. These principles are to be considered together and not individually in the development of an assessment program. Exit assessment must satisfy concurrently the six principles associated with it. 29 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Continuous assessment The major operating principle is ‘continuous assessment’. The process of continuous assessment provides the framework in which all the other five principles of balance, mandatory aspects of the syllabus, significant aspects of the course, selective updating, and fullest and latest information exist and operate. This is the means by which assessment instruments are administered at suitable intervals and by which information on student achievement is collected. It involves a continuous gathering of information and the making of judgments in terms of the stated criteria and standards throughout the two-year course of study. Decisions about levels of achievement are based on information gathered, through the process of continuous assessment, at points in the course of study appropriate to the organisation of the learning experiences. Levels of achievement must not be based on students’ responses to a single assessment task at the end of a course, or on instruments set at arbitrary intervals that are unrelated to the developmental course of study. Balance Balance of assessments is a balance over the course of study and not necessarily a balance within a semester or between semesters. Within the two-year course for Business Organisation and Management it is necessary to establish a suitable balance in the general objectives, assessment techniques and instruments/tasks, conditions of assessment, and across the criteria. The exit criteria are to have equal emphasis across the range of summative assessment. The exit assessment program must ensure an appropriate balance over the course of study as a whole. Mandatory aspects of the syllabus Judgment of student achievement at exit from a two-year course of study must be derived from information gathered about student achievement in those aspects stated in the syllabus as being mandatory, namely: the general objectives of Knowledge and understanding, Reflection processes, and Action skills the understandings listed in each unit (see Section 5). The exit criteria and standards stated in Section 7.4 must be used to make the judgment of student achievement at exit from a two-year course of study. Significant aspects of the course of study ‘Significant aspects’ refer to those areas in the school’s course of study selected from the choices permitted by the syllabus. Significant aspects can complement mandatory aspects, or be separate items additional to them. They will be determined by the context of the school and the needs of students at that school to provide choice of learning experiences appropriate to the location of the school, the local environment and the resources available. The significant aspects must be consistent with the general objectives of the syllabus and complement the developmental nature of learning in the course over two years. Selective updating In conjunction with the principle of fullest and latest information, information on student achievement should be selectively updated throughout the course. 30 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Selective updating is related to the developmental nature of the two-year course of study and operates within the context of continuous assessment. As subject matter is treated at increasing levels of complexity, assessment information gathered at earlier stages of the course may no longer be representative of student achievement. The information therefore should be selectively and continually updated (not averaged) to accurately reflect student achievement. The following conceptions of the principle of selective updating apply: A systemic whole subject-group approach in which considerations about the whole group of students are made according to the developmental nature of the course and, in turn, the assessment program. In this conception, developmental aspects of the course are revisited so that later summative assessment replaces earlier formative information. An act of decision making about individual students — deciding from a set of assessment results the subset which meets syllabus requirements and typically represents a student’s achievements, thus forming the basis for a decision about a level of achievement. In the application of decisions about individual students, the set of assessment results does not have to be the same for all students. However, the subset which represents the typical achievement of a student must conform to the parameters set in requirements for verification folios. Selective updating must not involve students reworking and resubmitting previously graded assessment tasks. Opportunities may be provided for students to complete and submit additional tasks. Such tasks may provide information for making judgments where achievement on an earlier task was unrepresentative or atypical, or there was insufficient information upon which to base a judgment. Fullest and latest information Judgments about student achievement made at exit from a school course of study must be based on the fullest and latest information available. This information is recorded on a student profile. ‘Fullest’ refers to information about student achievement gathered across the range of general objectives. ‘Latest’ refers to information about student achievement gathered from the most recent period in which the general objectives are assessed. As the assessment program in Business Organisation and Management is developmental, fullest and latest information will most likely come from Year 12. Information recorded on a student profile will consist of the latest assessment data on mandatory and significant aspects of the course, which includes the data gathered in the summative assessment program that is not superseded. 7.2 Planning an assessment program At the end of Year 12, judgments are made about how students have achieved in relation to the standards stated in the syllabus for each of the criteria. These summative judgments are based on achievement in each of the general objectives. When planning an assessment program, schools must consider: general objectives (see Section 3) the learning experiences (see Section 6) the underlying principles of assessment (see Section 7.1) a variety of assessment techniques and instruments over the two-year course (see Section 7.3) 31 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS conditions under which the assessment is implemented the exit criteria and standards (see Section 7.6) verification folio requirements, especially the number and the nature of student responses to assessment tasks to be included (see Section 7.5) minimum assessment necessary to reach a valid judgment of the student’s standard of achievement. Students should be conversant with the assessment techniques and have knowledge of the criteria to be used in assessment instruments. Sample assessment programs can be found in appendix 2. 7.2.1 Special consideration Guidance about the nature and appropriateness of special consideration and special arrangements for particular students may be found in the Authority’s policy statement on special consideration, Policy on Special Consideration for School-based Assessments in Senior Certification (February 2006) available from www.qsa.qld.edu.au/yourqsa/policy/special-c/docs/spec-con.pdf . This statement also provides guidance on responsibilities, principles and strategies that schools may need to consider in their school settings. To enable special consideration to be effective for students so identified, it is important that schools plan and implement strategies in the early stages of an assessment program and not at the point of deciding levels of achievement. The special consideration might involve alternative teaching approaches, assessment plans and learning experiences. 7.2.2 Authentication of student work It is essential that judgments of student achievement in Business Organisation and Management are made on accurate and authentic student assessment information. Teachers should find ways to ensure that students’ work is their own, particularly where students have access to electronic resources and when they are preparing collaborative tasks. The QSA information statement “Strategies for authenticating student work for learning and assessment” is available from www.qsa.qld.edu.au/memos/05/047-05.pdf . This statement provides information about various methods teachers can use to monitor students’ work to ensure authentic tasks. Particular methods outlined include: teachers seeing plans and drafts of student work student production and maintenance of documentation about the development of responses student acknowledgment of resources used. Teachers must ensure students use consistent, accepted conventions of in-text citations and referencing where appropriate. 7.3 Suggested assessment techniques Note: Where students undertake an assessment task in a group or team, tasks should be designed so that teachers can validly assess the work of individuals and not necessarily apply a judgment of the group product and processes to individual students. 7.3.1 Objective and short answer responses These could include all ‘closed’ questions, that is, those to which there is a limited response. They are mainly used as a quick, effective method of assessing student knowledge and comprehension of the understandings of the Business Organisation and Management course. 32 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Some examples include: multiple choice definition of terms matching/classification questions requiring short answers or paragraph responses exercises using graphs, tables, diagrams, statistics, mathematical calculations. This technique is usually used to measure students’ achievement of the exit criterion Knowledge and understanding, but may be used to collect data related to any or all of the exit criteria. 7.3.2 Response to stimulus material These can be expressed as responses to materials such as: case studies multimedia newspaper articles guest speakers documents, statements excursions cartoons graphs, charts and tables. Responses may range in length from a series of short answers in response to specific questions to a piece of extended writing such as an essay or report. This technique can be used to measure student achievement in any of the three exit criteria, but could be particularly useful for assessing achievement in Reflection processes. 7.3.3 Extended written response Extended written responses are usually based on questions or topics to which there may be a range of responses or perspectives. Questions should consider specific issues rather than broad general topics and must avoid simple reproduction of content. Examples include essays, reports, editorials, feature articles, business letters. Attention should be paid to the varieties and features of the genre. Extended written responses may be set under a variety of conditions. When assessed under supervised examination conditions, extended written responses should be of at least 500–600 words in length in Year 11, and 600–800 words in Year 12. Tasks which are not completed under supervised examination conditions may have a greater upper word limit if required. Tasks may be based on an unseen question under supervised examination conditions. An unseen question is one in which the specific emphases and wording have not been previously communicated to students. An extended piece of writing can assess student achievement in Knowledge and understanding, and Reflection processes. 33 BUSINESS ORGANISATION AND MANAGEMENT 7.3.4 SENIOR SYLLABUS Project and practical work These tasks may take a variety of forms, and have a variety of purposes. They provide an opportunity for group work. Project and practical work may include: integrated projects reflective learning logs research assignments research instruments such as questionnaires, interviews and surveys analysis of media files procedures manuals reports and submissions trade days and market days business ventures. This technique can be used to measure student achievement in any of the three exit criteria, but particularly applies to Reflection processes, and Action skills. 7.3.5 Business plan The business plan project draws knowledge from a number of different units. It requires extensive application of Knowledge and understanding, Reflection processes, and the skilful use of Action skills. The business plan will range in length from 1000 to 3000 words, excluding the executive summary, the table of contents and the appendixes. As a minimum, the business plan must contain: an executive summary a mission statement a business profile a market and competition analysis a marketing plan an operations plan a human resource plan a financial plan and risk analysis appendixes. When supported by documentary evidence such as journal entries, observation sheets, reflective learning logs and critical incident reports, the business plan can be used to measure achievement in any or all of the three criteria. 34 BUSINESS ORGANISATION AND MANAGEMENT 7.3.6 SENIOR SYLLABUS Non-written responses The use of a non-written task can stand alone as an assessment device or it can reinforce, or modify, judgments made on the written responses of the student. Instruments may include: seminars forums interviews roleplays debates multimedia presentations. This technique can be used to measure student achievement in any of the three exit criteria. All non-written tasks must be accompanied by: supporting written/printed material provided by students detailed criteria sheets, which may include teachers’ notes. Tasks involving oral presentation should be a minimum of five minutes per student in Year 11 and eight minutes or more by the end of Year 12. 7.3.7 Observation of performance This technique could be used in conjunction with other assessment techniques. It may be used to make or reinforce judgments on student achievement in the Action skills criterion. Settings may include: meetings ventures group work field studies interviewing for information project/task management. Documentary evidence of observation of performance must be provided and may include: observation checklist rating scales peer evaluation and self-evaluation reflective learning journals/diaries referee and/or mentor reports. 35 BUSINESS ORGANISATION AND MANAGEMENT 7.4 SENIOR SYLLABUS Exit criteria The following exit criteria must be used in making judgments about a student’s level of achievement at exit from a course in Business Organisation and Management. They reflect three of the four categories of general objectives of the syllabus as described in Section 3: Criterion 1: Knowledge and understanding This criterion refers to the student’s ability to comprehend and retrieve information in a range of dynamic business environments. Criterion 2: Reflection processes This criterion refers to the student’s ability to evaluate interactions within business organisations and environments, and to decide upon strategies for action, using the conventions of communication. Criterion 3: Action skills This criterion refers to the students’ ability to put plans into action in order to achieve specified outcomes. Each criterion must be assessed in each semester, and each criterion is to make an equal contribution to the determination of levels of exit achievement. Students are to be given opportunities to demonstrate their level of achievement in a variety of assessment tasks. 7.5 Requirements for verification A verification folio is a collection of a student’s responses to assessment instruments on which the level of achievement is based. Each folio should contain a variety of assessment techniques demonstrating achievement in the criteria Knowledge and understanding, Reflection processes, and Action skills, over a range of topics. The variety of assessment techniques is necessary to provide a range of opportunities from which students may demonstrate achievement. Schools should refer to Moderation Processes for Senior Certification available at www.qsa.qld.edu.au/publications/yrs11_12/moderation/moderation_processes.pdf for information about preparing monitoring and verification submissions. Students’ verification folios for Business Organisation and Management must contain: a minimum of four and a maximum of six summative assessment instruments evidence of each criterion being assessed summatively at least twice by verification a business plan which meets the conditions specified in 7.3.5 an extended written response to an unseen question completed under supervised examination conditions a project/practical work task (other than a business plan) a non-written task. Each assessment item must be accompanied by a task-specific criteria sheet which provides evidence of how students meet standards associated with assessment criteria. 7.5.1 Post-verification assessment In addition to the contents of the verification folio, there must be subsequent summative assessment in the exit folio. In Business Organisation and Management, at least one task must be completed after verification, assessing Reflection processes and/or Action skills. 36 BUSINESS ORGANISATION AND MANAGEMENT 7.6 SENIOR SYLLABUS Determining exit levels of achievement On completion of the course of study, the school is required to award each student an exit level of achievement from one of the five categories: Very High Achievement High Achievement Sound Achievement Limited Achievement Very Limited Achievement. The school must award an exit standard for each of the three criteria Knowledge and understanding, Reflection processes, and Action skills, based on the principles of assessment described in this syllabus. The criteria are derived from the general objectives and are described in Section 3. The standards associated with the three exit criteria are described in Section 7.7. When teachers are determining a standard for each criterion, it is not always necessary for the student to have met each descriptor for a particular standard; the standard awarded should be informed by how the qualities of the work match the descriptors overall. For Year 11, particular standards descriptors may be selected from the matrix and/or adapted to suit the task. These standards are used to inform the teaching and learning process. For Year 12 tasks, students should be provided with opportunities to understand and become familiar with the expectations for exit. The exit standards are applied to the summative body of work selected for exit. The seven key competencies2 referred to in the Rationale are embedded in the descriptors in the standards matrix. The descriptors refer mainly to aspects of Knowledge and understanding, Reflection processes, and Action skills. When standards have been determined in each of the three criteria of Knowledge and understanding, Reflection processes, and Action skills, the following table is used to determine the exit level of achievement, where A represents the highest standard and E the lowest. The table indicates the minimum combination of standards across the criteria for each level. Awarding exit levels of achievement 2 VHA Standard A in any two criteria and no less than a B in the remaining criterion HA Standard B in any two criteria and no less than a C in the remaining criterion SA Standard C in any two criteria and no less than a D in the remaining criterion LA At least Standard D in any two criteria VLA Standard E in the three exit criteria KC1: collecting, analysing and organising information; KC2: communicating ideas and information; KC3: planning and organising activities; KC4: working with others and in teams; KC5: using mathematical ideas and techniques; KC6: solving problems; KC7: using technology 37 BUSINESS ORGANISATION AND MANAGEMENT Standards associated with exit criteria Reflection processes Knowledge and understanding Criterion Action skills 7.7 SENIOR SYLLABUS A B C D E The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: comprehensive range of factual information substantial range of factual information some factual information basic business information significant explanation of business ideas, activities, concepts, techniques and theories, supported by examples. some explanation of business ideas, activities, and techniques. some basic business information. thorough explanation of business ideas, activities, concepts, techniques and theories, supported by relevant examples general explanation of business ideas, activities, concepts, techniques and theories, supported by some examples. The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: use of reflection processes to conduct thorough evaluation of interactions within a variety of business situations and to develop highly appropriate strategies for action use of reflection processes to evaluate interactions within a variety of business situations and to develop appropriate strategies for action use of reflection processes to conduct some evaluation of interactions within business situations and to develop strategies for action some use of reflection processes to examine interactions within business situations and to develop some strategies for action some use of reflection processes use of the conventions of communication to produce logical and coherent responses. use of the conventions of communication to produce clear responses. use of some conventions of communication to produce basic responses. The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: The student work has the following characteristics: documented use of action skills to implement plans efficiently and effectively and achieve specified outcomes. documented use of action skills to implement plans effectively and achieve most specified outcomes. documented use of action skills to implement plans and achieve some specified outcomes. documented use of some action skills to implement plans and achieve some outcomes. some documented use of action skills. use of the conventions of communication to produce fluent and precise responses. 38 use of some conventions of communication to produce a response. BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 8. Language education Effective communication and interpersonal skills are essential for participation in an organisational and business management setting. Acquiring effective communication and interpersonal skills is a developmental process, so it is important to make language and communication development an integral part of day-to-day Business Organisation and Management classroom activities, and to teach the various skills explicitly. Students should be helped to develop a critical awareness of language use when appraising both their own language and the language of texts and other written and spoken materials. Businesses use information and communication technologies as an integral part of their activities, so learning experiences and assessment in Business Organisation and Management need to reflect present-day practices. 8.1 Conventions of communication There are a number of conventions that enhance communication, including effective use of paragraphing, structure, vocabulary, grammar, spelling and punctuation. Correct use of technical terms relevant to Business Organisation and Management and consistent use of accepted genres and conventions of referencing and in-text citations are essential. 8.2 Specific language genres in Business Organisation and Management This course contains a range of written and non-written communication. Examples of specific genres used to inform, persuade, direct, negotiate, report on, explain and analyse business events and issues include: transactions — business letters, conversations, advertisements, interviews, invitations, meetings (formal or informal), memos, posters, questionnaires, surveys, telephone conversations procedures — diagrams, directions, flowcharts, illustrations, instructions, agendas, schedules, timelines reports — bibliographies, commentaries, descriptions, references, headlines, information reports, investigation reports, journal entries, learning logs, minutes of meetings, notes, observations, reports, summaries expositions — analytical expositions, arguments, articles, cartoons, commercials, debates, discussions (written or spoken), documentaries, essays, explanations, expositions, letters to the editor, persuasive expositions, persuasive speeches, press releases, public speeches, reviews, submissions, testimonials. The use of these genres can be demonstrated through a variety of communication media, such asspeech, writing, email, fax, voice mail, internet and video/teleconferencing. Table 8.1 shows how the skilful use of language and appropriate genres can be developed and exercised in the context of business planning. 39 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Table 8.1: Suggested language in the context of business planning Researching the idea Analysing the market: product place promotion price SWOT analysis Resources: physical & human Finance Promotion Regulatory and statutory requirements: taxation OHS superannuation business structure registration (e.g. business name) industry-specific regulations Performance indicators Presentation of the business plan document Suggested language genres and conventions observations — comments diagrams, drawings conversations spoken and written discussions descriptions group discussions interviews reading: newspapers, journals etc. surveys timelines questionnaires schedules note taking invitations notes and written records notices of meetings diary entries meeting agendas letters formal meetings reports: financial and written minutes interpretation and writing of reports summaries brief statements describing or outlining strategies to be followed in each area flowcharts explanations reviews questionnaires surveys interviews note taking analytical expositions reports summaries reviews lists comparisons, e.g. leasing vs. purchasing descriptions of jobs comparisons, e.g. sources of finance financial reports, statements (outline of funds required) letters of application (finance; government assistance) research — written or oral, e.g. search for government assistance types flowcharts, projections budgets balance sheets written records advertisements: TV, newspaper, invitations radio commercials cold call telephone conversations direct mail letters illustrations press releases persuasive expositions product labels persuasive speeches headlines discussions posters, billboards feature articles flyers, brochures, pamphlets research reports (summary of facts and requirements) note taking discussions commentaries bibliographies footnoting mission statements analysis — determining objectives information reports summaries schedules timelines expositions flowcharts illustrations reports reviews summaries timelines 40 persuasive expositions persuasive speeches posters bibliographies tables diagrams Contributes to the development of a business plan Some areas for investigation BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 9. Quantitative concepts and skills Teachers of Business Organisation and Management have a responsibility to develop and integrate a range of abilities related to quantitative concepts and skills. Success in dealing with issues and situations in life and work depends on the development and integration of a range of abilities, such as being able to: comprehend basic concepts and terms underpinning the areas of number, probability and statistics, measurement and algebra extract, convert or translate information given in numerical forms, diagrams, maps, graphs or tables calculate and apply other mathematical concepts use calculators and computers use skills or apply concepts from one problem or one subject domain to another. Some subjects focus on the development and application of numerical and other mathematical concepts and skills. These subjects may provide a basis for the general development of such quantitative skills or have a distinct aim, such as to prepare students to cope with the quantitative demands of their personal lives or to participate in a specific workplace environment. Nevertheless, in all subjects students are to be encouraged to develop their understanding and to learn through the incorporation — to varying degrees — of mathematical strategies and approaches to tasks. Similarly, students should be presented with experiences that stimulate their mathematical interest and hone those quantitative skills that contribute to operating successfully within each of their subject domains. The distinctive nature of Business Organisation and Management may require that new mathematical concepts be introduced and new skills be developed. In many cases, however, it will be a matter for teachers, in the context of Business Organisation and Management, to encourage the use of quantitative skills and understandings that were developed previously by their students. Within appropriate learning contexts and experiences in the subject, students should have the opportunity to revise, maintain and extend such skills and understandings. 41 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 10. Educational equity Equity means fair treatment of all. In developing work programs from this syllabus, schools should incorporate the following concepts of equity. All young people in Queensland have a right to gain an education that meets their needs, and prepares them for active participation in creating a socially just, equitable and democratic global society. Schools need to provide opportunities for all students to demonstrate what they know and can do. All students, therefore, should have equitable access to educational programs and human and physical resources. Teachers should ensure that particular needs of the following groups of students are met: female students; male students; Aboriginal students; Torres Strait Islander students; students from non–English-speaking backgrounds; students with disabilities; students with gifts and talents; geographically isolated students; and students from low socioeconomic backgrounds. Subject matter chosen should include, whenever possible, the contributions and experiences of all groups of people. Learning contexts and community needs and aspirations should also be considered. In choosing appropriate learning experiences teachers can introduce and reinforce non-racist, non-sexist, culturally sensitive and unprejudiced attitudes and behaviour. Learning experiences should encourage the participation of students with disabilities and accommodate different learning styles. Resource materials used should recognise and value the contributions of both females and males to society and include social experiences of both genders. Resource materials should also reflect cultural diversity within the community and draw from the experiences of the range of cultural groups in the community. To allow students to demonstrate achievement, barriers to equal opportunity need to be identified, investigated and removed. This may involve being proactive in finding the best ways to meet the diverse range of learning and assessment needs of students. The variety of assessment techniques in the work program should allow students of all backgrounds to demonstrate their knowledge and skills related to the criteria and standards stated in this syllabus. The syllabus criteria and standards should be applied in the same way to all students. Teachers should consider equity policies of individual schools and schooling authorities, and may find the following resources useful for devising an inclusive work program: ACACA (1996) Guidelines for Assessment Quality and Equity, available from www.acaca.org.au ANTA (2004) A guide to equity and the AQTF, available from Australian Training Products Ltd www.atpl.net.au QSA (2006) Policy on Special Consideration in School-based Assessments in Senior Certification, available from www.qsa.qld.edu.au QSA (2006) Policy Statement: Equity, available from www.qsa.qld.edu.au EQ 2005 Inclusive education statement, available from http://education.qld.gov.au/studentservices/ EQ 2006 Education Policy and Procedures Register: Inclusive education, available from http://education.qld.gov.au/strategic/eppr/ QSCC (2001) Equity Considerations for the development of curriculum and test material, available from www.qsa.qld.edu.au QCEC (2001) Inclusive Practices in Queensland Catholic Schools, available from www.qcec.qld.catholic.edu.au 42 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS 11. Resources The selection of resource material to support a course in Business Organisation and Management will be governed to some extent by local factors. Schools should draw upon their own resources and local facilities as well as from the range of resources described below. Text and reference books A wide variety of textbooks and resource materials are available to use as sources of information about business organisation and management. Book suppliers can provide current information. World Wide Web Many interactive and static websites can be used to enhance a course of study in Business Organisation and Management, and they often include useful resources. Some particularly useful sites include: www.beaq.org.au — Business Educators Association of Queensland www.business.gov.au — Australian government business resources gateway www.curriculum.edu.au/enterprise/links.htm — Curriculum Corporation (Enterprise education links) www.sd.qld.gov.au/ — Department of State Development Queensland www.fairtrading.qld.gov.au — Office of Fair Trading, Queensland www.qld.gov.au/business_and_industry/index.html — Queensland government links to business and industry www.bized.co.uk — A UK-based site that contains information for business teachers. Newspaper reports Many newspapers carry regular pages, columns and features about business. Local papers can also be a source of useful data. The compilation of news files on particular topics can broaden students’ knowledge and provide a valuable source of material for developing assessment instruments. Periodicals Journals and periodicals provide current, relevant information. Journals and periodicals relevant to Business Organisation and Management include: Business Review Weekly Financial Review qbr (Queensland Business Review) The Bulletin Business Teacher. School librarians should be able to provide assistance with identifying and locating other useful periodicals. 43 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Electronic media and learning technology A wide range of videos, DVDs and television recordings are available on a variety of topics related to business organisation and management. A variety of computer software programs and CD-ROMs may be useful for a course in Business Organisation and Management: as learning tools, to gain access to information presented in a variety of forms and to help students gain ICT skills. Educational program distributors can supply updated resource lists. Organisations and community resources A variety of government and community organisations provide personnel, advice, resources and information to assist in constructing and implementing a course in business organisation and management. Some of these include: Commerce Queensland www.qcci.com.au NSW Department of State and Regional Development www.smallbiz.nsw.gov.au Young Achievement Australia www.yaa.org.au/ ABW Enterprise Education www.abw.org.au/ Australian Competition and Consumer Commission www.accc.gov.au Australian Chamber of Commerce and Industry www.acci.asn.au Department of Employment and Workplace Relations www.dewr.gov.au/ 44 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Appendix 1 Reflective participant study design 45 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Appendix 2 Sample course and assessment overview A Semester Time (hrs) NOTE: These samples are intended as a guide for teachers’ planning only. See www.qsa.qld.edu.au for work program requirements. Unit 1 16 Nature of business Assessment 1. Objective and/or short answer; response to stimulus (45–60 minutes) 2. Project or practical work (group work, e.g. market analysis; 4 wks) 2 39 Marketing management 3. Response to stimulus (seen essay, 45–60 minutes; 350 words) 27 Human resource management 4. Non-written task (e.g. observation of performance: roleplay of IR dispute, 5 minutes) 28 5. Project or practical work (group work, e.g. research; 4–6 weeks) Operations management 6. Extended written response; seen question (60–90 minutes; 500–600 words) 3 18 Entrepreneurship 12 Organisations and management 7. Non-written task (e.g. multimedia presentation, 8–10 minutes) 8. Project or practical work (group work, e.g. school venture; 5 weeks) 9. Extended written response; unseen question (90 minutes; 600–800 words) 4 25 Financial management 32 Business plan 10. Business plan (1000–3000 words) 11. Response to stimulus (report, 4 weeks; 800 words) 23 Elective study (N.B. Reflection Processes and Action Skills are integrated and progressively developed throughout the course. Time allocation is not listed separately for them.) 46 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Sample student profile A 1 2 1. Objective and/or short answer; response to stimulus 2. Project or practical work 3. Response to stimulus 4. Non-written task 5. Project or practical work 6. Extended written response Interim standards (monitoring) Interim level of achievement (monitoring) 3 4 7. Non-written task 8. Project and practical work 9. Extended written response 10. Business plan Proposed standards (verification) Proposed level of achievement (verification) 4 11. Response to stimulus Exit standards Exit level of achievement Assessment completed in Year 11 is considered formative, and assessment completed in Year 12 is considered summative. 47 Action skills Assessment Instrument Reflection processes Knowledge and understanding Semester Criteria BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Sample course organisation B NOTE: These samples are intended as a guide for teachers’ planning only. See www.qsa.qld.edu.au for work program requirements. Semester 1 Topic title Hours No. of weeks Nature of business 16 4 Organisations and management 17 5 Entrepreneurship 22 7 16 weeks Marketing management 28 8 Elective study — International business 27 8 2 16 weeks Financial management 29 9 Operations management 26 7 3 16 weeks Business plan 25 9 Human resource management 30 7 4 14 weeks N.B. Reflection processes and Action skills are integrated and progressively developed throughout the course. Time allocation is not listed separately. 48 BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Four Three Two One Semester Sample assessment plan B Inst no. Topic Topic name Assessment technique Approx. time/length 1 NB OM Nature of business Organisations and management Response to stimulus; essay (F) 45–60 mins Min 350 words 2 EN Entrepreneurship Project and practical work (group work, e.g. field report) (F) 4 weeks 3 MK Marketing management Project and practical work (group work, e.g. presentation of marketing plan to client) (F) 4 weeks 4 EL Elective study — International business Non-written task (e.g. seminar) (F) 5–6 mins 5 EL Elective study — International business Objective and/or short answer response; extended written response (seen question) (F) 80–90 mins 500–600 words 6 FN Financial management Objective and/or short answer response; Response to stimulus (S) 60–90 mins 7 OP Operations management Project and practical work (research, e.g. evaluate and compare the operation of two businesses) (S) 4 weeks 8 OP Operations management Extended written response (unseen question) (S) 90–100 mins 600–800 words 9 BP Business plan Business plan (S) 1000–3000 words 10 HR Human resource management Non-written task (e.g. HR roleplay) (S) 8–10 mins VERIFICATION 11 HR Human resource management Response to stimulus (report) (S) 49 Min 1000 words KU RP AS BUSINESS ORGANISATION AND MANAGEMENT SENIOR SYLLABUS Sample student profile B One Topic Assessment technique KU 1 NB OM Response to stimulus; essay (F) 2 EN Project and practical work (group work) (F) Two Internal semester 1 report 3 MK Project and practical work (group work) (F) 4 EL Non-written task (F) 5 EL Objective and/or short answer reply; extended written response (seen question) (F) Internal semester 2 report Three MONITORING 6 FN Objective and/or short answer response; Response to stimulus (S) 7 OP Project and practical work (S) 8 OP Extended written response (unseen question) (S) Four Internal semester 3 report 9 BP Business plan (S) 10 HR Non-written task (S) VERIFICATION 11 HR Response to stimulus (S) Exit Level Exit Level of Achievement (F) = Formative Assessment (S) = Summative Assessment 50 RP AS Level of achievement Action skills Reflective processes Inst no. Knowledge & understanding Sem. Student name:_____________________ Years:____________ Teacher(s):______________ LOA