IB HL1 BUSINESS & MANAGEMENTCOURSE OVERVIEW

2013-2014 Academic Year

CORE UNITS:

UNIT 1: BUSINESS ORGANIZATIONS & MANAGEMENTUNIT 2: HUMAN RESOURCES (HR)UNIT 3: ACCOUNTS & FINANCEUNIT 4: MARKETING UNIT 5: OPERATIONS MANAGEMENTUNIT 6: BUSINESS STRATEGY (HL2 Yr)

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

UNIT 2: HUMAN RESOURCES

• Human Resource Planning• Organizational Structure & Communication• Leadership & Management• Motivation • Corporate Culture & Employer Employee

Relations

UNIT 3: ACCOUNTS & FINANCE

• Sources of Finance• Management Accounting • Financial Accounts & Ratio Analysis

UNIT 4: MARKETING

• Role of Marketing• Marketing Planning

UNIT 5: OPERATIONS MANAGEMENT

• Production Methods• Costs, Revenue & Break Even Analysis• Quality Assurance• Location • Innovation• Production Planning• Project Management

UNIT 6: BUSINESS STRATEGY

• Strategic Analysis• Strategic Choice• Strategic Implementation • Evaluation & Control• Case Studies on Strategy

INTERNAL ECA ASSESSMENT

• Homework Tasks (1 major task every 2 weeks) (Weight 5)• 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)

EXTERNAL IB ASSESSMENTResearch Project

Research Project• You choose any company and investigate a

business problem or opportunity and provide solutions & recommendations to management.

• Length: 2000 words• Weight: 25% of your total IB business grade.

• Due Date: Due December 2013.

EXTERNAL IB ASSESSMENTPaper 1:Exam based on set Case Study

Time: 2 hours & 15 minutesWeight: 40% of your total IB business grade.Date: May 2015 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.

EXTERNAL IB ASSESSMENTPaper 2: Data & Short Response Articles

Time: 2 hours & 15 minutesWeight: 35% of your total IB business grade.Date: May 2015 Exam Schedule

What to Study?• All aspects of the course, with stronger

emphasis on financial calculations for the first part of the exam.

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.

What type of activities/exercises will I have to complete for homework?

** Your first homework tasks will involve reading

3 articles from business magazines & newspapers 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.

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!

What criteria are assessed with homework tasks & what is the weight?

Most homework tasks will involve at least 2 criteria: Mastery of Key Facts & Concepts Analysis of Key Facts & Concepts Dedication to the Learning Process

• Each criteria is marked from 2 (F) to 7 (A+) using the IB grading scheme.

• Each criteria is weighted at 5 on the ECA reporting system.

• Non submission of a homework task will score 1.

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.

Major Homework Tasks: Semester 1 Dates

• Homework Task 1: Friday 23rd August 2013• Homework Task 2: Friday 6th September 2013• Homework Task 3: Friday 20th September 2013• Homework Task 4: Friday 4th October 2013**• Homework Task 5: Friday 25th October 2013• Homework Task 6: Friday 8th November 2013• Homework Task 7: Friday 22nd November 2013 ** (Last day of Quarter 1 Due: 11:30am)

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 the prescribed date as listed in this document.

• In addition to providing a paper copy, you must also email your homework to:

phillipb@ecak12.com

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.

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.

• Weight 5

MICRO EXAMS – KEY DATES (TBA)Micro Exam 1

Micro Exam 2:

Micro Exam 3:

Micro Exam 4: :

Micro Exam 5:

Micro Exam 6:

Video Comprehension Exams

• Every 1 to 2 weeks you will also complete short video comprehension exams based on recent news in the world of business.

• You watch videos from a variety of sources including CNN, BBC and Bloomberg.

• Weight 3.

End of Quarter 1 Exam

Date: TBA (30th Sept – 3rd Oct 2013)

Length: 90 minutes

Structure• Short Answer-Definition Questions / Cloze

Exercises/ Multiple Choice & Paragraph Responses. Criteria:• Weight 10

End of Semester Exam

Date: HS Exam Week (December)

Length: 2 hours

Structure• Short Answer-Definition Questions / Cloze

Exercises/ Multiple Choice & Paragraph Responses. Criteria:• Weight 20

Dedication to the Learning Process

• 20% of your overall grade.• Submitting all work on time.• Participation in Class• Focus in Class (no facebook! – if caught once,

no chance of 7)