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Both of the subjects (SL and HL) are important to star in the business world, and this speech helped us to provide more information and to summary all about what you need to know about the Business Management in IB. We have checked about the Glossary command terms, the curriculum model overview and all about the three papers.
Based on unseen stimulus material with a
quantitative focus
Duration: 1 hour 45 minutes
Percentage score: 30
The aims of the DP business management course are to enable students to:
1. Develop as confident, creative and compassionate business leaders, entrepreneurs, social entrepreneurs and as change agents .
2. Foster an informed understanding of ethical and sustainable business practices
3. Explore the connections between individuals, businesses and society
4. Engage with decision-making as a process and a skill.
Using provided resources and knowledge of business management, develop a plan to ensure the sustainability of SML for the next five years based on an unseen stimulus material about a social enterprise. The plan should consider the financial sustainability of the enterprise, access to capital, profitability, and positive cash flow. Social entrepreneurship and sustainable business models aim to address societal and environmental issues while maintaining economic success. To achieve financial sustainability, an enterprise's costs should fall as the number of its beneficiaries rises, allowing the venture to reduce its dependence on subsidies from taxpayers or charitable givers.
FOCUS ON:
PEOPLE:
CONCEPTS
Future employees, business leaders, entrepreneurs or social entrepreneurs need to be confident, creative and compassionate as change agents for business.
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 organization and how these decisions impact upon a range of internal and external stakeholders.
Through the exploration of four interdisciplinary concepts: creativity, change, ethics and sustainability, this course empowers students to explore these concepts from a business perspective.
Emphasis is placed on strategic decision-making and the operational business functions of human resource management, finance and accounts, marketing, and operations management.
Is based on a pre-released statement of a unseen case study
Duration: 1 hour 30 minutes
Percentage score: 25
• Explain one advantage and one disadvantage for MT of being a small business.
• Discuss whether Jackie should accept or reject KC’s offer to buy MT.
FIRST ONE:
SECOND ONE:
THIRD ONE:
This course prepares students to be global citizens ready to face up to the challenges and opportunities awaiting them in our ever-changing world.
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.
It is a challenging and dynamic discipline that more than meets the needs of our students growing and developing in a complex business environment.
Curriculum model overview:
AO1:
Demonstrate knowledge and understanding of:
• business management tools and theories
• course topics and concepts
• business problems, issues and decisions
• HL extension topics (HL only).
AO2:
Apply and analyse:
• business management tools and theories
• course topics and concepts
• business problems, issues and decisions
• business decisions and issues through the selection and use of appropriate data
• HL extension topics (HL only).
you can choose different subjects that you are interested in to study them further at the university.
The program is divided into 6 subjects, two of them are the principal language and a secondary language , a science subject (either Biology or Physics), mathematics and you can choose a creative art or two subjects for another area. This makes the IB diploma a rigorous course.
In SL, the IB considers that it is necessary to have 150 hours of teaching and in HL, they recommend 240 teaching hours. The HL topics are studied greater in depth than in SL.
AO3:
Synthesize and evaluate:
• business management tools and theories
• course topics and concepts
• business problems, issues and decisions
• stakeholder interests to reach informed business decisions
• recommendations for competing future strategic options (HL only)
• HL extension topics (HL only).
AO4:
• Select and apply relevant business management tools, theories and concepts to support
research into a business issue or problem.
• Select, interpret and analyse business materials from a range of primary and secondary
sources.
• Create well-structured materials using business management terminology.
It’s a pre-university course that is looking forward to making students in an age range for 16 to 19 to have all the values that the IB provides.