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QLDBusiness

Unit 4: Business evolution

4 dot points across 4 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

Topic 1: Globalisation as a driver of business evolution

Globalisation as a driver of business evolution - global supply chains, offshoring and outsourcing, the influence of trade agreements and exchange rates, the opportunities and threats of globalisation, and the implications for how an Australian business evolves and competes
A focused answer to the QCE Business Unit 4 dot point on globalisation. Global supply chains, offshoring and outsourcing, the influence of trade agreements and exchange rates, the opportunities and threats of globalisation, and the implications for an evolving Australian business, with worked examples.
9 min answer →

Topic 2: Leadership and stakeholder management during transformation

Leadership styles during change (transformational, transactional, servant); stakeholder management during transformation including employee consultation, customer communication, supplier relationships and community engagement; the role of corporate communication
A focused answer to the QCE Business Unit 4 dot point on leadership and stakeholder management during transformation. Transformational, transactional and servant leadership styles, stakeholder management across employees, customers, suppliers and community, and the role of corporate communication, with worked Australian examples.
9 min answer →

Topic 1: Repositioning a business in response to changing market conditions

Drivers of repositioning - changing consumer trends, technological disruption, sustainability expectations, competitive pressure, regulatory change - and strategies for repositioning (rebranding, product portfolio change, market re-segmentation, channel shift)
A focused answer to the QCE Business Unit 4 dot point on repositioning. The major change drivers (consumer trends, technological disruption, sustainability expectations, competitive pressure, regulatory change), repositioning strategies (rebranding, portfolio change, re-segmentation, channel shift), with worked Australian examples from Telstra, Coles and the Australian energy retailers.
9 min answer →

Topic 2: Transformation, innovation and managing risk during change

Business transformation strategies, innovation (incremental and disruptive, product and process innovation), risk management during transformation (identification, assessment, treatment, monitoring) and the role of corporate social responsibility in transformation decisions
A focused answer to the QCE Business Unit 4 dot point on transformation, innovation and risk management. Business transformation strategies, types of innovation (incremental v disruptive, product v process), the four-step risk-management process, and CSR considerations, with worked Australian examples from Atlassian, Telstra and Cochlear.
9 min answer →