Rationale
Business Studies provides students with an opportunity to examine how businesses function and how business managers make strategic decisions. Students learn essential knowledge about how to start and grow a business and manage core business functions.
Students can interact with businesses throughout their lives as customers, employees, managers, investors and entrepreneurs. Developing students’ knowledge of business management enables them to contribute to the performance of businesses in the future. Dynamic businesses that adapt to the changing business environment are vital for employment, incomes, tax revenue, consumer choice and broader standards of living. In Business Studies, students investigate how Aboriginal and Torres Strait Islander owned and run businesses start, grow and are managed.
Business Studies provides students with the opportunity to develop their knowledge in a range of business fields. These fields include entrepreneurship, management, accounting, business strategy, marketing, operations, finance and human resources. Students also learn about business stakeholders and the importance of businesses meeting their legal and ethical responsibilities.
In Business Studies, students think critically by applying their understanding to a range of businesses and proposing appropriate business decisions. They also apply numeracy skills to evaluate business performance, and communicate their analysis in a variety of formats, including business reports.
Knowledge of how to manage the functions of a business provides students with a foundation for further study, employment or entrepreneurship. By completing the Business Studies course, students can develop their financial literacy and understanding of their rights as customers and employees to make more informed decisions.