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Economics and Business 7-10 / Year 10 / Knowledge and understanding

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View on Australian Curriculum website Australian Curriculum, Assessment and Reporting Authority
Curriculum content descriptions

processes that businesses use to manage the workforce and improve productivity, including the role of entrepreneurs (AC9HE10K05)

Elaborations
  • investigating the processes corporations, government and non-government organisations use to support start-up businesses, promote the success of business ventures or create relationships between businesses; for example, Indigenous Business Month Awards, First Nations Chambers of Commerce or the Registrar of Indigenous Corporations
  • identifying and explaining strategies for improving workforce management; for example, horizontal or vertical organisational structures, transparency in decision-making, encouragement of workers to show initiative, paid parental leave, flexible work arrangements, employer responsibilities to workers and government
  • identifying and explaining strategies that improve productivity; for example, training or upskilling, capital investment, increasing research and development, investment in applications of technologies, use of just-in-time inventory systems or collection, and analysis of data to inform product development or service delivery
  • explaining how entrepreneurs lead responses to changes in global and domestic economic conditions and use technologies to drive innovation; for example, influencing approaches to waste management or sustainable use of energy
General capabilities
  • Critical and creative thinking Critical and Creative Thinking
  • Personal and social capability Personal and Social capability
ScOT terms

Entrepreneurship,  Planning,  Human resource management,  Productivity

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