Business Management Subject Brief G11-G12

Level: Diploma Programme Grade: G11-G12

Teacher: José Emilio Paredes Dates: 15/03/2024 to 22/12/2024
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,
Subject management processes and decision-making in contemporary contexts of strategic uncertainty. Students examine how business
description 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. 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 for both SL
and HL is an individual business research project that allows greater analysis and evaluation of content, concepts and context. A
deeper understanding of an organization through the lenses of creativity, change, ethics and sustainability is encouraged wherever
possible.
1. Develop as confident, creative and compassionate business leaders, entrepreneurs, social entrepreneurs and as change
agents.
Aims 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.
Curriculum Overview
# Unit Title Key Concept Business Management Evaluations
Toolkit
I Introduction Week 1 ● Case Studies
to Business 0.0 Welcome to BM! ● Oral presentations
Management 0.1 Baseline Assessment Introduction to all of them. ● Guided research
0.2 Nature of the subject ● Practice questions
0.2 Aims ● Mock exams
0.3 Assessment in BM
0.4 The External Essay in BM
0.5 The Four Key concepts
 0.6 Business Management Toolkit (BMT)
Week 2 and 3 (Paper one) Change Gantt chart (HL only),
1.1 What is a business? STEEPLE & SWOT
analysis
Week 4 Change Circular business model
4.2 Marketing Planning
Week 5 and 6 (Paper one) Change
1.2 Types of business entities
Week 7 Sustainability Circular business mode
1.3 Business objectives
Week 8 Creativity Ansoff Matrix
4.1 Introduction to marketing
Week 9 (Connection to ToK) Ethics
1.4 Stakeholders
II Finance and Week 1 Change STEEPLE
accounts 1.5 Growth and evolution
Week 2 Sustainability Business plan, STEEPLE
3.1 Introduction to finance
Week 3 Sustainability
3.2 Sources of finance
Week 4 Change Contribution
3.3 Cost and revenues
Week 5 (Paper two) Change
5.5 Break-even analysis
Week 6 Sustainability Descriptive statistics
3.4 Final accounts
Week 7 (Connection to Math) Sustainability
3.5 Profitability and liquidity ratio analysis
Week 8 (Paper two) Sustainability
3.6 Efficiency ratio analysis
Week 9 Creativity BCG matrix
3.7 Cash flow
 Week 1 Creativity
III Marketing 3.8 Investment appraisal / BSPP
Week 2 Creativity
3.9 Budgets / BSPP
Week 3 (Connection to Arts) Change Descriptive statistics,
4.4 Market research Linear regression
Week 4 (Paper Two) Change Descriptive statistics,
4.3 Sales forecasting Linear regression
Week 5 (Connection to ToK) Creativity Circular business model,
4.5 The seven Ps of marketing mix Contribution, FFA
Week 6 Sustainability Porter's generic strategies
5.4 Location / BSPP (HL only)
Week 7 (Paper Three) Change Hofstede’s cultural
1.6 Multinational companies (MNCs) dimensions
Week 8 Creativity Hofstede’s cultural
4.6 International marketing / BSPP dimensions
Week 9
Business Startup Project Presentation
Week 1 Sustainability
IV Operations 5.1 Introduction to operations management
Management
Week 2 Creativity
5.2 Operations methods
Week 3 (Paper One) Ethics
5.3 Lean production and quality management
Week 4 and 5 Sustainability Contribution - Make or
5.6 Production planning buy analysis
Week 6 (Paper Three) Change
5.7 Crisis Management & contingency planning
Week 7 Creativity
5.8 Research and development
 Week 8 and 9 Sustainability
5.9 Management information systems
Week 10
Internal Assessment Planning Project
End of Year 1
V Human Week 1 Sustainability Circular business model,
Resources 2.2 Organizational structure Business plan
Week 2 Ethics
2.3 Leadership and management
Week 3 and 4 (Paper Three) Sustainability Descriptive statistics
2.4 Motivation and demotivation
Week 5 (Connection to Arts) Creativity Hofstede’s cultural
2.5 Organizational (corporate) culture dimensions (HL only)
Week 6 (Connection to English) Ethics
2.6 Communication
Week 7 (Paper Three) Sustainability
2.7 Industrial/employee relations
Week 8 and 9
Internal Assessment RQ Proposal Presentations
VI Internal Week 1
Assessment The 7 Step-by-Step Guide to the IA
Week 2
The 7 Step-by-Step Guide to the IA
Week 3
The 7 Step-by-Step Guide to the IA

Week 4
The 7 Step-by-Step Guide to the IA

Week 5
The 7 Step-by-Step Guide to the IA
Week 6
 Internal Assessment First Draft

Week 7
Internal Assessment Feedback
Week 8 and 9
Internal Assessment Final Draft
VII Exam preparation
VIII DP Assessment
End of Year 2
Suggestions for self-study
Self-study is not about studying longer, it’s about studying smarter. Find a place to study that is comfortable and free from distractions. Avoid procrastinating, it takes a
lot of additional work and time to catch up. Make a realistic schedule to ensure you’re making progress along the way and that you’re prepared for evaluations. Study
groups can be an effective strategy to enhance learning. Use the resources in Google Classroom and review your BM book constantly. When taking on a challenging
case study, break it down into manageable parts that you can analyze. Embracing self-study means going beyond the classroom, exploring additional resources, and
nurturing your curiosity. It requires dedication, discipline, and a growth mindset. Learn the aims of the course, as well as the competences on which you are evaluated.
Remember, every hour you spend studying independently is an investment in your future success. Do not underestimate the value of self-study, it can (and will) have a
significant impact in your learning process.