Subject Guide

IB – BUSINESS MANAGEMENT

Subject Summary:

Business Management is a dynamic discipline that examines business decision–making processes and how these decisions impact on and are affected by internal and external environments.

All students study the following topics: Business Organisation and Management, Human Resources, Accounts and Finance, Marketing and Operations Management. HL students are required to learn more content than SL students in each unit.

Assessment Outline:

Year 11:

All students in Year 11 will complete a draft Internal Assessment Research Project and Mock Examination Papers. Higher Level students will be required to complete a Research Project (2000 words) over Years 11 and 12 and Standard Level students will need to prepare a Written Commentary (1500 words).

Year 12:

Students will need to finalise their Internal Assessment in Semester One, and complete Mock Examinations in May. There will also be Mock Examinations in Semester Two.

Subject Outline by Semester:

Semester One Topics:

• Business Organisation and Environment: students investigate the nature of business activity, organisational objectives, stakeholders, external environment, organisational planning tools, growth and evolution, management of change, and globalisation.

Semester Two Topics:

• Marketing: students will be introduced to the role of marketing, marketing planning, marketing mix, international marketing and e–commerce. • Operations Management: students will investigate production methods, quality assurance, inventory management, innovation, production planning and project management.

Semester Three Topics:

• Accounts and Finance: the topics studied are sources of finance, final accounts, break-even analysis, investment appraisal, budgeting, and ratio analysis.

Semester Four Topics:

• Human Resources: students investigate human resources planning, organisational structure, communication, leadership and management, motivation, corporate culture, employer and employee relations, crisis management and contingency planning. • Students will also complete past papers in preparation for their November examinations.

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