IB Diploma Business & Management

Course OverviewHL/SL

Topic 1 Business Organization & Environment

Topic 2 Human Resources

Topic 3 Accounts & Finance

Topic 4 Marketing

Topic 5 Operations Management

HL

Topic 6 Business Strategy

SL/HL

Independent Research Project

IB Diploma Business & Management

Course OverviewYear 1 Year 2

Topic 1: Business Organization & Environment

Topic 2: Human Resources

Topic 5: Marketing Topic 5: Operations Management

Topic 3: Accounts & Finance Topic 6: Business Strategy (H/L Only)

IB Diploma Business & Management

Course Overview (H/L)PAPER 1 PAPER 2 INTERNAL ASSESSMENT

(PROJECT)

Focuses on… All 6 topics All 6 topics Any topic area

Assessment Objs 1-7 1-6 1-7

Content Pre-seen Case-study

Section A (H/S)Answer 2 out of 3 questionsSection B (H/S) One compulsory questionSection C (H only)One compulsory question

Section A

One of two questions

Section B

Answer two out of three questions

Research Project

-Address a real business issue-A working report

(max 2000 words)

Total Marks 80marks 75marks 25marks

Time 2 ½ hrs 2 ¼ hrs 30hrs

Weighting 40% 35% 25%

IB Diploma Business & Management

Course Overview (S/L)PAPER 1 PAPER 2 INTERNAL ASSESSMENT

(PROJECT)

Focuses on… All 5 topics All 5 topics Any topic area

Assessment Objs 1-6 1-6 1-6

Content Pre-seen Case-study

Section A (H/S)Answer 2 out of 3 questionsSection B (H/S) One compulsory question

Section A

One of two questions

Section B

Answer two out of three questions

Research Project

Written commentary based on 3 to 5 supporting documents about a real issue that a real business is experiencing.

(max 1500 words)

Total Marks 50marks 60marks 25marks

Time 1 ¼ hrs 1 ¾ hrs 15hrs

Weighting 35% 40% 25%

Identify the topic of the term?

TOPIC: Topic 2: Human ResourcesLESSON TITLE: Supply of Human Resources

COMPETENCY FOCUS:

Research (I1): you will develop your skills in research as throughout this topic, you will need to research the role of human resource in HRM, the different job roles that exist within an organisation and also the recruitment & selection documentation that the organisation uses to help recruit the right people for their vacant job roles. [IB Learner Profile Development: Inquirer]

Learning ObjectivesBy the end of the lesson, you should be able to…

LO1) Define the term ‘human resource management’.  LO2) Explain how demographic changes affect the supply of labour LO3) Discuss the significance if changes in labour mobility, in both domestic and international markets.

SMSC: You will assess the organisational culture of businesses in terms of fundamental structure, purpose and strategy development.

CRITICAL THINKING KEY:

Knowledge Application Analysis Evaluation

Start thinking…!

Read the case study (p.96) and respond to the following questions:

1)List as many HRM responsibilities as you can.

2)Do you think recruitment, selection and training of staff are important to a firm’s success? Explain your answer.

3)What HR problems might an Australian business experience if they tried to open up a base in China?

Keyword Glossary:

Human Resource Management (HRM): the strategic approach to effective management of staff so that they can help a business gain its competitive advantage.

Human Resource Planning: Analysing/forecasting the number of workers and skills that is needed by the business to be able to achieve objectives.

Human Resource Management (HRM)

Human Resource Management (HRM): the strategic approach to effective management of staff so that they can help a business gain its competitive advantage.

Good HRM is when you recruit the right amount of staff with the right skills, train them efficiently, reward them and provide the right opportunities for them, all at the right time and at the right cost.

Demographic Change

Demographic changes in population can affect the supply of workforce.

Labour Mobility

There are 2 types:

Occupational Mobility of Labour: the extent to which workers are willing and able to move jobs requiring different skills.

Geographical Mobility of Labour: the extent to which workers are willing to move geographical region to move jobs.

Labour Mobility

• A higher labour mobility helps a country to achieve economic efficiency

• A mobile workforce means that if jobs are lost in one regions, workers are willing to move to find work. This helps to keep unemployment low.

• In developed countries, labour tends to be immobile. Why?

Workforce Planning

• HR depts. Need to forecast the future staffing needs of the business

• They start by conducting a ‘workforce audit’• They then produce a ‘workforce plan’• Workforce planning involves:

- forecasting the number of staff required

- skills required by workers

Exam Question

Activity 10.1 Pg.98

Reflection

Reflect on what you have learnt this lesson.

What do you need to know more about?