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Economics and business / Year 10 / Economics and Business Knowledge and Understanding
Curriculum content descriptions
The ways businesses respond to changing economic conditions and improve productivity through organisational management and workforce management (ACHEK054)
Elaborations
- describing ways in which businesses can improve productivity (for example, training, capital investment, investment in applications of technology, use of just-in-time inventory systems)
- exploring ways businesses structure their working environment to provide flexible, efficient approaches (for example, horizontal (flat) or vertical (tall) organisational structures)
- exploring the use of technology and the extent to which it has driven and allowed innovative responses by business
- exploring the reasons for triple bottom line business planning and the possible implications for employees, competitors and the broader economy
- identifying ethical and unethical workplace practices and investigating the impact of these practices on individuals
- investigating ways that businesses have responded to improving economic conditions (for example, increasing their research and development funding to create innovative products, adjusting marketing strategies to expand their market share, upskilling their workforce to improve productivity)
General capabilities
ScOT terms
Design, Human resource management, Productivity