§-Business Management and Enterprise syllabus
WA · SCSA← Business Management and Enterprise
Business Management and Enterprise syllabus, dot point by dot point
Every dot point in the WA Business Management and Enterprise syllabus, in syllabus order, with a focused answer for each. Open any dot point for the answer, exam-style questions and links to related points.
Unit 3: Strategic international business growth
Module overview →Management: how does a business assess and manage the risks of expanding into foreign markets?
Explain the financial risks of export markets (such as exchange rate, payment and political risk) and methods of managing them, and assess the feasibility of expanding into a foreign market
Environments: what drives international business development, and how do trade incentives and agreements shape it?
Explain the factors driving global business development, incentives for international trade, the role of free trade agreements, home-grown and home-developed products in global markets, and the role of ethics in global business decisions
People: how do businesses manage change and cultural differences as they grow globally?
Explain the factors driving change in a global market, the reasons people resist change, how change can be managed using models such as Lewin's force field analysis and Kotter's eight steps, and cultural considerations in global business practice
Management: how do businesses market globally, partner with others and innovate to grow internationally?
Compare standardisation and adaptation in global marketing, explain the purpose, types, benefits and risks of global strategic alliances, and explain the factors affecting the success of innovation
Unit 4: Global business operations
Module overview →People: what features and traits make managers successful in global business?
Explain the features and traits of successful management, including management functions, roles, skills, styles and personal traits, and how they apply when managing across countries and cultures
Management: how do businesses plan strategically to achieve their long-term goals?
Explain the strategic planning process, use a SWOT analysis to assess a business's position, and describe the key features of a strategic plan
Management: how does technology help businesses operate and compete in global markets?
Explain the role of technology in global markets, including e-commerce, digital marketing, communication, supply chain and operations technology, and assess the benefits and risks of using technology to operate globally
Environments: how do ethics, economic conditions and financial institutions shape the way businesses operate globally?
Explain ethical practice in a global context, the economic factors that affect business operations (such as interest rates, exchange rates, inflation and the business cycle), and the types and roles of financial institutions that businesses use
Management: how do businesses analyse their industry and build a competitive advantage?
Apply Porter's five forces to analyse the competitive environment of an industry, and explain how businesses achieve competitive advantage through cost leadership, differentiation and focus