Assignment on ABC Learning

Q1. Identify and discuss the main business features of the childcare industry [Generate a list of
competencies].

Answer: General knowledge and competencies is an important foundation for all adults with professional
responsibilities for young children, across settings and sectors. We identify and talk about the primary
business highlights of the childcare industry [Generate a rundown of competencies] are given below:

 The significance of reliable, stable, sustaining, and defensive connections that help advancement
and learning across spaces and empower kids to completely take part in learning openings.
 Natural and ecological variables that can contribute emphatically to or meddle with

m
advancement, conduct, and learning (for instance, positive and ameliorative impacts of

er as
supporting and responsive connections, negative impacts of incessant pressure and introduction

co
eH w
to injury and unfriendly occasions, positive transformations to natural presentations).

o.
 How a kid creates and picks up, including psychological turn of events, explicit substance
rs e
information and abilities, general learning capabilities, socio-emotional improvement, and
ou urc
physical turn of events and wellbeing.
 Connect adequately in quality communications with youngsters that cultivate sound to help
o
aC s

children advancement and learning in schedule ordinary collaborations, in explicit learning

vi y re

exercises, and in instructive and other expert settings in a way fitting to the kid's formative level.
 Promote positive social development and behaviors and to mitigate challenging behaviors.
 Perceive signs that children may should be evaluated and alluded for specific administrations (for
ed d
ar stu

instance, for formative deferrals, emotional wellness concerns, social help needs, or misuse and
disregard) and know about how to get to the data, assets, and backing for such particular
assistance when required.
is

 Settle on educated choices about whether and how to utilize various types of advances as
Th

apparatuses to advance youngsters' learning.

 Need a valid license to run the organization as if it is not stopped in the middle of the time and
sh

no one can bring allegation regarding organization.

 Take a government permission to run the industry with a legit document. Government must
monitor the organization because some childcare organization doing fraud nowadays with the
help of twister people.

This study source was downloaded by 100000829105392 from CourseHero.com on 08-08-2021 12:32:33 GMT -05:00

https://www.coursehero.com/file/75334943/Quiz-Assignment-2docx/
  Must need a proper land and location to run the childcare industry and no oxymoron land
counted as a undocumented from the government side. Proper security will be given to the
children to safe their life and health.
 Ability to create and manage effective learning environments (physical space, materials,
activities, classroom management). To establish relationships and interactions with children that
is nurturing and use positive language.
 Continuously try to improving the quality of practice to manage their own physical and mental
health, including the effects of their own exposure to adversity and stress.

Q2. Critically evaluate the main reasons for ABC Learning’s collapse. What are the lessons learned
from ABC’s mistakes?

m
er as
Answer: The main reasons for ABC Learning’s collapse are given below:

co
eH w
 The lack of regulation becomes the scapegoat and policy is made based on intuition and

o.
prejudice and excessively greedy capitalism. More case of unnecessarily insatiable private
rs e
enterprise and the free market turned out badly. Obviously, ABC's fall shows how desperately
ou urc
the children business needs re-regulation.
 The fundamental reason ABC collapsed was because it borrowed an enormous amount of
o
aC s

money to rapidly expand both in Australia and overseas. In the wake of the global financial crisis,
vi y re

it couldn’t refinance its huge debts, so the administrators were called in. ABC got too big for its
own good.
 The main driver was the elevated level of guideline that as of now exists in the childcare
ed d
ar stu

business. The main root cause was the high level of regulation. No other childcare market in the
world has a player as dominant as ABC Learning. The only reason it could establish this dominant
position was over-regulation. The high cost of complying with accreditation and staffing
is

standards erected significant barriers to entry and prevented competition from coming on
Th

stream. Little regulation is a problem, over-regulation has unintended bad consequences as well.
 The unnecessarily high-cost of child care is perhaps the major problem. The high price is simply a
sh

reflection inadequate level of supply. Child care is expensive because there is a shortage of
places, which raises the price. Less regulation, meaning lower compliance costs and lower
barriers to entry, would mean more suppliers.

This study source was downloaded by 100000829105392 from CourseHero.com on 08-08-2021 12:32:33 GMT -05:00

https://www.coursehero.com/file/75334943/Quiz-Assignment-2docx/
  The business in not a capital escalated one and should be strongly serious and supporting a lot
more contestants. As ABC has illustrated, there is a lot of cash to be made in the childcare
business.
 The chief reason is that the cost of complying with state and federal legislation is onerous
enough to put off small companies. Centre is responsible for collecting financial data from each
customer and passing it on the government – an expensive process, which a big provider like
ABC can manage more cost effectively.
 Lack of better strategy is one of the kinds of problem. A better strategy would be for the
government to allow childcare operators to offer a range of services and parents could choose
with their wallets. Parents who prefer cheap and cheerful childcare are forced to pay more for a
level of care they might think is excessive.

m
er as
 The problem in the childcare market is anything but the free operation of the market. The real

co
story is that excess government regulation has kept competition at bay, leading to high prices,

eH w
while government subsidies have pushed prices even higher.

o.
rs e
For a company the rise of ABC Learning was spectacular. The lessons learned from ABC’s mistakes
ou urc
are given below:
o

 Too much, too fast, too expensive: The industry was supported by good demographic
aC s

trends (increasing birth rates and growing numbers of working mothers, and underpinned by
vi y re

large government subsidies which provide a steady platform for cash-flow and earnings).
Groves’ strategy of creating economies of scale by bringing together large numbers of
ed d

childcare center worked well. Never ever try to go so fast to obtain the profit.
ar stu

 Forgot to run the business: When Groves was in charge and focused, ABC never used
agencies to find staff because it costs more. But when he was off travelling and recruitment
is

costs blew out and profits slumped. The lesson is clear – never let your grand vision distract
Th

you from actually running the business.

 Accounts were a terrible mess: ABC’s auditor activities and company’s accounts of the past
years, trying to unravel the complex way revenue and profit was accounted for, particularly
sh

the way compensation payments from center developers were counted as revenue. We
examining ABC’s accounting practices. If we think boring financial reports then outcome will
not be transparent.

This study source was downloaded by 100000829105392 from CourseHero.com on 08-08-2021 12:32:33 GMT -05:00

https://www.coursehero.com/file/75334943/Quiz-Assignment-2docx/
  Corporate governance practices were poor: ABC always argued that transactions were
conducted at arm’s length, but for many investors that wasn’t the point. Becoming known
for poor corporate governance can damage a company’s reputation and kill investor
confidence.

Q3. What HR policy regime do you recommend for a viable childcare industry? Explain.

Answer: The HR policy which is durable for the children industry is given below:

 Aim is to ensure that child care organization appoint high quality employees, well suited to the
council and to the job concerned, always selecting on merit and in ways which conform to best
practice in diversity and equal opportunities. Quality employee creates long term sustainability.

m
 To appoint colleagues must include a job description, person specification and choose organized

er as
team structure. The job description and person specification will be available for candidates to

co
eH w
see as part of the recruitment process. The person specification provides the basis of the

o.
selection criteria and methods to be used.
rs e
 Jobs are assigned to the pay band system by reference to the job evaluation scheme. This gives
ou urc
us assurance that jobs with the same job weight are treated consistently and fairly for pay
purposes. It is an important means of not only complying with equal opportunity and equal
o
aC s

value legislation, but also treating our people properly.

vi y re

 Hire knowledgeable person to retain the organization. Knowledgeable people uphold the
company’s legitimacy in an organized way. Visions of knowledgeable people are quite sharp and
they took the valid decisions.
ed d
ar stu

 The code of conduct strictly followed by the people which play a vital role. The code of conduct
includes like ethical principles, honesty, integrity, promise keeping, loyalty, fairness, respect for
others, law abiding, commitment to excellence, reputation and morale, leadership,
is

accountability.
Th

 Safety and emergency procedures and require children to report work-related injuries
immediately. Additionally, some regulations under the Occupational Safety and Health Act
sh

require for worker to have specific policies and programs in place if certain workplace hazards.
 Attendance policies make it clear that employees must be ready to work at their scheduled start
time each day and provide procedures for informing the company of an unscheduled absence or
late arrival. It is also a best practice to have policies on standards of conduct, drug and alcohol
abuse, disciplinary action, confidentiality, conflicts of interest, and workplace violence.

This study source was downloaded by 100000829105392 from CourseHero.com on 08-08-2021 12:32:33 GMT -05:00

https://www.coursehero.com/file/75334943/Quiz-Assignment-2docx/
  A timekeeping policy informs who works in the child care organization is most important.
Employees of the method for recording time worked and the importance of accurately recording
their time. A policy on paydays lets employees know the frequency of paydays, the methods
available for receiving pay, and any special procedures for when a payday falls on a holiday or
when an employee is absent from work.

m
er as
co
eH w
o.
rs e
ou urc
o
aC s
vi y re
ed d
ar stu
is
Th
sh

This study source was downloaded by 100000829105392 from CourseHero.com on 08-08-2021 12:32:33 GMT -05:00

https://www.coursehero.com/file/75334943/Quiz-Assignment-2docx/
Powered by TCPDF (www.tcpdf.org)