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HSIE - Business Studies - Year 11 - Nature of Business: Home

A selection of resources to support Year 11 Business Studies students with their assessment

Business Planning

Key Terms

Resource Key

Resource Key

When accessing content use the numbers below to guide you:

brief, basic information laid out in an easy-to-read format. May use informal language. (Includes most news articles)

provides additional background information and further reading. Introduces some subject-specific language.

lengthy, detailed information. Frequently uses technical/subject-specific language. (Includes most analytical articles)

Reference Shelf

Library Help - Referencing

Need help?

Remember Library Staff are available to assist with academic article searches and selection, and to review your references prior to assessment submission. Just submit a Library Helpdesk ticket and a member of the Library staff will be in touch.

Click HERE for the complete APA 7th Edition Reference Guide.

Click HERE for a printable PDF quick guide of the APA 7th Edition Reference Guide (copies are also available in the Library).

CANVAS: The Nature of Business

Three functions of a business

Three functions of a business: everything you need to know

Check out these three functions of a business that will lead to your success 

ClickView

In this programme we discuss the importance of a well constructed business plan, visiting the three main components; the operations plan, the marketing plan, and the financial plan. Speaking to two successful small business owners, we discuss how they constantly refer to their business plan, and the role it played in their business success.

Situational Analysis

Use the attached templates to identify the strengths, weaknesses, opportunities & threats for your business.

Identify actual businesses at different stages in the business life cycle.

Stages of the business cycle – Establishment, – Growth, – Maturity, – Post-maturity

Marketing Plan

Market your Business

Business.gov.au

 

Identify your Target Market

Business.gov.au

This lesson on Marketing strategy introduces the concept of the Marketing Mix, and the 4 Ps of marketing.

Finance Plan

In this video, we'll look at the three financial controls used to monitor a businesses financial performance: the balance sheet, income statement and cash flow statement.

Books in Library Collection

Preliminary Business Studies

This guide is directly linked to the syllabus with every single dot point of the Preliminary Business Studies syllabus appearing in the margin of the book. Students can write in the guide, so study is focused and notes are structured. Up-to-date coverage of all three topics of the Preliminary Business Studies course: Nature of business, Business management and Business planning, with an additional chapter - How to write a business report.

Legal Structure & Vision Statement

SMART Goals & Objectives

Use the SMART criteria to help focus your efforts and increase the chances of achieving your goal.

Business Goal

Set goals for your business

Business.gov.au

Human Resources Plan

References and Image Credits

References

365 Careers. (2017, July 4). The Marketing Mix - The dynamic nature of the 4 P's [Video]. YouTube. https://youtu.be/JNiRYFM8XG0

Atomi. (2021, March 31). HSC Business Studies: Financial Statements [Video]. YouTube. https://youtu.be/af7FsqE2JAM

Business.gov.au. (n.d.). Types of Business Structures. https://business.gov.au/planning/business-structures-and-types/business-structures

Business.gov.au. (2021, August 5). Set goals for your business. https://business.gov.au/planning/business-plans/set-goals-for-your-business

Business Victoria. (n.d.). Create your business vision statement. https://business.vic.gov.au/business-information/start-a-business/create-your-business-vision-statement

Chukwujama, C. (2018, December 1). A Guide to the HR Lifecycle. LinkedIn. https://www.linkedin.com/pulse/guide-hr-lifecycle-chuma-chukwujama/

HSC Study Lab. (2017, Feb 23). Y11 Business Studies: Stages of a business' life cycle [Video]. YouTube. https://youtu.be/rE5jqvzEst8

Upcounsel.com.(2023). Three Functions of a Business: Everything You Need to Know. https://www.upcounsel.com/three-functions-of-a-business

SlideModel.com. (n.d.). Free Smart Goals Powerpoint Template. https://slidemodel.com/free-powerpoint-templates/free-smart-goals-powerpoint-template/

TemplateLAB. (n.d.). 26 Powerful SWOT Analysis Templates & Examples. https://templatelab.com/swot-analysis-templates/#google_vignette

VEA (Production Company). (2009). Small Business Management : The Business Plan [Video]. ClickView. https://clickv.ie/w/Jgft

Image Credits

Firmbee.com. (2015). Crunching the numbers [Photograph]. Unsplash. https://unsplash.com/photos/jrh5lAq-mIs

Putra, N. (2016). Vintage coffee shop counter [Photograph]. Unsplash. https://unsplash.com/photos/Kwdp-0pok-I

Winger, A. (2019). Hair Stylists having fun [Photograph]. Unsplash. https://unsplash.com/photos/WXmHwPcFamo