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IB HL1 BUSINESS & MANAGEMENT COURSE OVERVIEW

IB HL1 BUSINESS & MANAGEMENT COURSE OVERVIEW . 2011-2012 Academic Year . CORE UNITS:. UNIT 1: BUSINESS ORGANIZATIONS & MANAGEMENT UNIT 2: HUMAN RESOURCES (HR ) UNIT 3: ACCOUNTS & FINANCE UNIT 4: MARKETING UNIT 5: OPERATIONS MANAGEMENT

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IB HL1 BUSINESS & MANAGEMENT COURSE OVERVIEW

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  1. IB HL1 BUSINESS & MANAGEMENTCOURSE OVERVIEW 2011-2012 Academic Year

  2. CORE UNITS: • UNIT 1: BUSINESS ORGANIZATIONS & MANAGEMENT • UNIT 2: HUMAN RESOURCES (HR) • UNIT 3: ACCOUNTS & FINANCE • UNIT 4: MARKETING • UNIT 5: OPERATIONS MANAGEMENT • UNIT 6: BUSINESS STRATEGY (HL2 Yr)

  3. UNIT 1: BUSINESS ORGANIZATIONS & MANAGEMENT • Nature & Objectives of Business • Objectives, Stakeholders & the External Environment • Organizational Planning & Decision Making • Growth & the Impact of Globalization • Change & the Management of Change

  4. UNIT 2: HUMAN RESOURCES • Human Resource Planning • Organizational Structure & Communication • Leadership & Management • Motivation • Corporate Culture & Employer Employee Relations

  5. UNIT 3: ACCOUNTS & FINANCE • Sources of Finance • Management Accounting • Financial Accounts & Ratio Analysis

  6. UNIT 4: MARKETING • Role of Marketing • Marketing Planning

  7. UNIT 5: OPERATIONS MANAGEMENT Production Methods Costs, Revenue & Break Even Analysis Quality Assurance Location Innovation Production Planning Project Management

  8. UNIT 6: BUSINESS STRATEGY • Strategic Analysis • Strategic Choice • Strategic Implementation • Evaluation & Control • Case Studies on Strategy

  9. INTERNAL ECA ASSESSMENT • Homework Tasks (1 major task every 2 weeks) (Weight 4) • Weekly or Fortnightly Micro Exams(A short exam about 15 to 20 minutes on core theories every week or 2 weeks. Weight 4) • Company Simulation Project & Trade Fair (A group assignment over 3 months, weight 15) • End of Quarter Exams (90 mins, weight 20) • End of Semester Exams (2 hrs, weight 40)

  10. EXTERNAL IB ASSESSMENTResearch Project Research Project • You choose any company and investigate a business problem or opportunity and provide solutions & recommendations to management. • Length: 200 words • Weight: 25% of your total IB business grade. • Due Date: Due December 2012.

  11. EXTERNAL IB ASSESSMENTPaper 1:Exam based on set Case Study Time: 2 hours & 15 minutes Weight: 40% of your total IB business grade. Date: May 2013 Exam Schedule What to Study? • A prescribed IB case study is released 2 months prior to the examination. Preparation involves knowing all aspects of the case study prior to the exam.

  12. EXTERNAL IB ASSESSMENTPaper 2: Data & Short Response Articles Time: 2 hours & 15 minutes Weight: 35% of your total IB business grade. Date: May 2013 Exam Schedule What to Study? • All aspects of the course, with stronger emphasis on financial calculations for the first part of the exam.

  13. HOMEWORK POLICY • Homework is a very important part of the Business & Management Course. • The slides which follow answer many questions regarding homework in Business & Management.

  14. What type of activities/exercises will I have to complete for homework? • Your first homework task will involve reading 3 articles from business magazines with associated questions & activities • Some of these questions require extended responses and research. • Other homework tasks will my involve essay writing and or business calculations.

  15. How long will I have to do my homework? • In most cases, you will normally have about 10 days (nearly 2 weeks) to complete each major homework task. • As you have considerable time to do your homework, there is no excuse for late submission • Important Advice: Start your homework early – do not try to complete all your business homework the night before submission. It is not designed to be a one night activity, but rather there is work for several nights – the quality of the answers is important, especially with research questions. Do not use wikipedia!

  16. What criteria are assessed with homework tasks & what is the weight? Most homework tasks will involve 3 criteria: • Mastery of Key Facts & Concepts • Analysis of Key Facts & Concepts • Research Skills • Each criteria is marked from 2 (F) to 7 (A+) using the IB grading scheme. • Each criteria is weighted at 4 on the ECA reporting system.

  17. When is homework due? • Homework is normally due on a Friday by 4:00pm or occasionally Thursday 4:00pm, when Friday is a holiday. • Note, that you may not have a business class on the day the homework is due, but this is no excuse for late submission. • A complete list of Semester 1 dates is provided in the next slide.

  18. Major Homework Tasks: Semester 1 Dates • Homework Task 1: Friday 26th August 2011 • Homework Task 2: Thursday 8th September 2011 • Homework Task 3: Friday 23rd September 2011 • Homework Task 4: Thursday 6th October 2011 • Homework Task 5: Friday 21st October 2011 • Homework Task 6: Friday 4th November 2011 • Homework Task 7: Friday 18th November 2011 • Homework Task 8: Friday 2nd December 2011

  19. How do I submit your homework?Electronic & Paper Copy • If you have a business class on the day the homework is due it is obviously desirable to submit this in class. • However, if you do not have a class on the day the homework is due, please ensure that it reaches my desk by 4:00pm on the relevant Friday or Thursday it is due to avoid penalties. • In addition to providing a paper copy, you must also email your homework to: businesshw@yahoo.com • Please do not send homework to my ECA email address. There is insufficient storage capacity.

  20. How do I get the Homework Tasks • For the first tasks, paper copies will be provided. • An email distribution list will be created for this class, so homework will generally be emailed to you personal email address. • In addition, homework task sheets (including articles/questions) will also be available on my wikipage. At my homepage click on the relevant link for business homework.

  21. MICRO-SHORT EXAMS • These exams should only take you about 15 to 20 minutes to complete. • They will take place every 1 to 2 weeks depending on the relevant cycle. • A list of dates for semester 1 is provided in the next slide.

  22. MICRO EXAMS – KEY DATES • Micro Exam 1: Day 1 Class: Wednesday 24th AugustDay 2 Class: Thursday 25th August 2011Micro Exam 2: Day 1 Class: Monday 5th SeptemberDay 2 Class: Tuesday 6th SeptemberMicro Exam 3: Day 1 Class: Wednesday 14th SeptemberDay 2 Class: Thursday 15th SeptemberMicro Exam 4: Day 1 Class: Monday 26th SeptemberDay 2 Class: Tuesday 27th SeptemberMicro Exam 5: Day 1 Class: Tuesday 25th OctoberDay 2 Class: Wednesday 26th OctoberMicro Exam 6: Day 1 Class: Tuesday 8th NovemberDay 2 Class: Wednesday 9th NovemberMicro Exam 7: Day 1 Class: Tuesday 22nd NovemberDay 2 Class: Wednesday 23rd November

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