BUSINESS MANAGEMENT Courses offered: Business Management (HL) Business Management (SL) 1.
What is the nature of Business Management at IB level?
The aims of the Business Management syllabus are to: a) encourage a holistic view of the world of business b) promote the importance of exploring business issues from different cultural perspectives c) enable the student to develop the capacity to think critically d) enable a student to appreciate the pace, nature and significance of change e) enhance a student's ability to make strategic decisions about the business functions of: human resource management, marketing, operations and finance It is recommended that the student has a strong interest and commitment to the study of business and reasonable mathematical and written English skills as they will be expected to: demonstrate knowledge and understanding of business terminology, concepts and principles identify social and cultural factors and ethical considerations, in organisations' actions assess the impact of organisations' actions on the internal and external environment demonstrate competence in problem-solving construct quantitative financial instruments and interpret their outcomes assess data from a variety of sources evaluate information in order to distinguish between fact and opinion collect, organise, interpret and present information, justifying and evaluating the chosen methodology demonstrate the ability to apply theory to real -life situations
2.
What is the approach to learning?
Learning is active and students are encouraged to develop a capacity for independent study. The aims of the Higher Level course are similar to those of the Standard Level, except that it requires greater analytical skills and depth of knowledge. Students will be required to read newspapers to keep updated about business issues of the real world. 3.
What is the subject content? HL & SL
The syllabus consists of five compulsory modules and a research project: Business Organisation and the Environment 1. Introduction to business management 2. Types of organisation 3. Organisational objectives 4. Stakeholders 5. External environment 6. Growth and evolution 7. Organisational planning tools (HL only) 21
