Curriculum information of Carey Baptist Grammar School

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Group 3 - Individuals and Societies

IB Business and Management

Prerequisites

There are no prerequisites for this course.

Course Description and Aims

The business management course is designed to meet the current and future needs of students who want to develop their knowledge of business content, concepts and tools to assist with business decision making. Future employees, business leaders, entrepreneurs or social entrepreneurs need to be confident, creative and compassionate as change agents for business in an increasingly interconnected global marketplace. The business management course is designed to encourage the development of these attributes.

Through the exploration of four interdisciplinary concepts—creativity, change, ethics and sustainability —this course empowers students to explore these concepts from a business perspective. Business management focuses on business functions, management processes and decision-making in contemporary contexts of strategic uncertainty.

Students examine how business decisions are influenced by factors that are internal and external to an organisation and how these decisions impact upon a range of internal and external stakeholders. Emphasis is placed on strategic decision-making and the operational business functions of human resource management, finance and accounts, marketing, and operations management.

The business management course encourages the application of local, national and global examples to content and concepts; the internal assessment (IA) for both SL and HL is an individual business research project that allows greater analysis and evaluation of content, concepts and context. Students can develop a deeper understanding of an organization by studying its processes through the lenses of creativity, change, ethics and sustainability.

Aims of the Business and Management course at Standard and Higher Levels:

Develop as confident, creative and compassionate business leaders, entrepreneurs, social entrepreneurs and as change agents
Foster an informed understanding of ethical and sustainable business practices
Explore the connections between individuals, businesses and society
Engage with decision-making as a process and a skill.

Curriculum Model Overview

Component

Standard Level

Higher Level

Unit 1: Introduction to business management
1.1 What is a business?

1.2 Types of business entities

1.3 Business objectives

1.4 Stakeholders

1.5 Growth and evolution

1.6 Multinational companies (MNCs)

Unit 2: Human Resource Management
2.1 Introduction to human resource management

2.2 Organizational structure

2.3 Leadership and management

2.4 Motivation and demotivation

2.5 Organizational (corporate) culture (HL only)

2.6 Communication

2.7 Industrial/employee relations (HL only)

✓

Unit 3: Finance and Accounts
3.1 Introduction to finance

3.2 Sources of finance

3.3 Costs and revenues

3.4 Final accounts

3.5 Profitability and liquidity ratio analysis

3.6 Debt/equity ratio analysis (HL only)

3.7 Cash flow

3.8 Investment appraisal

3.9 Budgets (HL only)

✓

Unit 4: Marketing
4.1 Introduction to marketing

4.2 Marketing planning

4.3 Sales forecasting (HL only)

4.4 Market research

4.5 The seven Ps of the marketing mix

4.6 International marketing (HL only)

✓

✓
✓

✓

✓

✓

Unit 5: Operations Management
5.1 Introduction to operations management

5.2 Operations methods

5.3 Lean production and quality management (HL only)

5.4 Location

5.5 Break-even analysis

5.6 Production planning (HL only)

5.7 Crisis management and contingency planning (HL only)

5.8 Research and development (HL only)

5.9 Management information systems (HL only)

✓

✓

✓

✓

Internal Assessment

✓

Assessment at a Glance — Standard Level

Type of Assessment	Format of Assessment	Time (hours)	Weighting Final Grade (%)
External		3	70
Paper 1	Structured questions based on a pre-released statement that specifies the context and background for the unseen case study.	1.5	35
Paper 2	Quantitative structured questions.	1.5	35
Internal		20	30
Written Commentary	Students research and report on an issue facing an organisation or a decision to be made by an organisation (or several organisations). Maximum: 1,800 words.	20	30

Assessment at a Glance — Higher Level