Course overview
The aim of this course is to provide perspective and understanding of the overall role of business and its place in the agricultural industry and the economy and to demonstrate linkages between various management functions. Aspects covered include what is business, business management, business planning, accounting management, marketing management, strategic planning, budgeting, decision making, organisation design, human resources management and monitoring.
Course learning outcomes
- Calculate and record financial aspects of a farm business using a complex spreadsheet
- Demonstrate their understanding of farm financial analysis, including the influence of physical, financial and human resources
- Discuss the key aspects of new products and enterprises possible for a farm business and how to choose a new enterprise, analyse its potential and integrate it into an existing business
- Understand the need for careful management of a business human resources,
- Understand the process of recruitment both from the applicant's and employer's point of view
- Understand the process of recruitment both from the applicant s and employer s point of view,
- Discuss the impact of planning, decision making and risk taking on a farm business, be aware of the changing contribution of agriculture to the Australian economy,
- Explain the imperatives of productivity improvement, innovation, and superior business management performance by farm managers,
- Discuss key principles of production economics theory, and its relevance to management decision making
- Explain the key concepts of risk management including forward contracts, futures and hedging, options, and the application of futures and options to over-the-counter risk management products
Degree list
The following degrees include this course