Contrary to popular belief, Business Management is not accounting or finance. The course is in fact designed to help students explore the five key areas of a business. Namely, how businesses are formed and grow, how they recruit, train and motivate staff, how managers oversee the daily running of the business and problem solve, how products are designed, researched and marketed and finally how businesses operate in global international markets. There is a small section relating to analysis of the accounts and performance ratios but this is less than 10% of the course structure.
Business is an evolving, dynamic subject and students are encouraged to learn the subject using project based learning, team presentations and real world case studies based on successful businesses and entrepreneurs. Students who excel in the subject are those who develop the key learning skills of self directed learning, reading around the subject and working with other class members to enhance their subject knowledge.
This course is a good choice for students who are studying demanding courses in other areas of the IB and those wishing to study Business, Marketing, Journalism or other humanities based subjects. It is also recommended for students who may wish to take up an apprenticeship in accounting or finance after school or who wish to start their own business in the near future.
Higher Level
Paper 1
Paper 2
Paper 3
Internal
Business research project of up to 1,800 words with the students spending 20 hours on the project. The overall weighting of the Internal Assessment is 20% of the final mark.
Standard Level
Paper 1
Paper 2
Internal
Business research project of up to 1,800 words with the students spending 20 hours on the project. The overall weighting of the Internal Assessment is 30% of the final mark.
