Management Studies / Science

Course summary

The IB Business Management course follows the specification outlined below by the IB The HL course structure includes three exam papers and one piece of coursework (IA): Paper 1 – based on pre-released research material – 25% Paper 2 – based on unseen stimulus material – 30% Paper 3 – Based on social enterprise – 25% IA – coursework on a specific business problem – 20% The course is divided into 5 Units over the 2 academic years and students will develop an understanding of the following content over the Units: Unit 1: Introduction to business management What is business? Types of business entities Business objectives Stakeholders Growth and evolution MNCs Unit 2: Human resource management Introduction to HR Organisational structure Leadership and management Motivation and demotivation Corporate culture (HL only) Communication Industrial/employee relations (HL only) Unit 3: Finance and accounts Introduction to finance Sources of finance Costs and revenues Final accounts Profitability and liquidity ratios Efficiency ratio analysis (HL only) Cash flow Investment appraisal Budgets (HL only) Unit 4: Marketing Introduction to marketing Marketing planning Sales forecasting (HL only) Market research 7Ps of marketing mix International marketing (HL only) Unit 5: Operations management Introduction to operations management Operations methods Lean production and quality management (HL only) Location Break-even analysis Production planning (HL only) Crisis management (HL only) Research and development (HL only) Management information systems (HL only)