Table of Contents
๐ IBDP Business Management (SL and HL) – Comprehensive Course Summary
๐ Subject Overview
IBDP Business Management examines business operations in local, national, and global contexts. The course provides insights into business functions, decision-making processes, and the impact of internal and external factors on organizations.
๐ Key Features
๐ Real-World Case Studies: Application of business theories to practical situations.
๐ Decision-Making Tools: Use of financial and strategic analysis tools.
๐ Global Perspective: Exploration of international markets and economic interconnectivity.
๐ฏ Aims and Objectives
๐ Understand Business Principles: Covering finance, marketing, HR, and operations.
๐ Analyze and Evaluate: Business decisions, outcomes, and external influences.
๐ก Develop Problem-Solving Skills: Through case studies and business models.
โ๏ธ Foster Ethical Awareness: Emphasis on corporate social responsibility and business ethics.
๐ Course Structure
Standard Level (SL)
Core Areas:
Business organization
Finance
Marketing
Operations management
Human resource management
Higher Level (HL)
Additional Topics:
Business tools
Extended decision-making models
Corporate and growth strategies
๐ Key Topics Explored
๐๏ธ Business Organization & Environment: Business structures, external factors, and stakeholder impact.
๐ฅ Human Resource Management: Recruitment, training, motivation, and performance management.
๐ฐ Finance & Accounts: Budgeting, financial reporting, and investment decision-making.
๐ข Marketing: Branding, advertising, consumer behavior, and market research.
๐ญ Operations Management: Supply chain, quality control, and production efficiency.
๐ Assessment Structure
SL & HL Assessments:
๐ Paper 1 (35%) – Business analysis based on a pre-released case study.
๐ Paper 2 (40%) – Data-driven questions, essays, and business strategy evaluation.
๐ Internal Assessment (IA) (25%) – A business research project analyzing a real-world issue.
HL-Specific Additions:
Extended business analysis and decision-making tools.
๐ Key Skills Developed
๐ Analytical Thinking: Breaking down financial data and market trends.
๐ฏ Strategic Decision-Making: Evaluating business strategies and solutions.
๐ฃ๏ธ Communication Skills: Presenting business ideas effectively and persuasively.
๐ Example Case Studies
๐ Expansion of Multinational Corporations: Growth strategies and market adaptation.
๐ Business Recovery Plans: How companies rebuild after economic crises.
๐ SL vs HL Differences
๐ SL Focus: Core business functions and decision-making.
๐ HL Expansion: In-depth study of global strategies, corporate planning, and business ethics.
๐ Global Issues Explored
โป๏ธ Sustainability: Strategies for eco-friendly business operations.
โ๏ธ Business Ethics: Corporate social responsibility and ethical decision-making.
๐ Career and Academic Relevance
Career Pathways:
๐ Entrepreneurship – Starting and managing businesses.
๐ฐ Finance – Investment, accounting, and economic analysis.
๐ข Marketing – Branding and consumer engagement strategies.
๐ Consultancy & Project Management – Business analysis and organizational strategy.
Academic Pathways:
๐ Business Administration
๐ Economics
๐ผ International Relations
๐ต Finance
โ Summary
IBDP Business Management provides practical knowledge and analytical skills to navigate modern business environments. The course fosters entrepreneurship, strategic thinking, and ethical leadership, preparing students for higher education and careers in business-related fields.
