Managing a Business

3 dot points across 3 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

How does a business set direction and manage change to stay competitive?

Evaluate strategic planning tools and approaches to managing organisational change.

Strategic planning and tools such as SWOT, generic strategies and the planning hierarchy, plus the drivers of change and how managers lead and overcome resistance.

8 min answer →

How does a business plan, control and report on its finances?

Interpret financial statements and analyse liquidity, profitability and finance sources.

Sources of finance, cash flow and budgeting, the main financial statements, and ratio analysis covering liquidity, profitability and efficiency.

8 min answer →

How does effective human resource management help a business achieve its goals?

Explain the human resource management cycle and evaluate strategies for motivating and retaining employees.

The HR cycle of acquisition, development, maintenance and separation, plus motivation theory and employment relations.

8 min answer →