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Sixth form student in the Independent Learning Centre

Business Studies

Curriculum Intent:

Our intent is to equip students with the knowledge and skills required to succeed in entering the world of work, whether that be setting up their own company or working in an existing one. We focus on ensuring students gain a holistic view of the world of business and the impact businesses can have on different stakeholders.

Our aim is for students to develop a number of transferable skills including; team working, problem solving and communication skills. Students will be engaged with the use of real-life business examples in the classroom, resulting in students having a sound knowledge of current affairs and the impact they have on businesses and individuals.

Business is offered as:

  • GCSE Option Years 10 & 11
  • IB Business Management Year 12 & 13

 

Key Stage 4 Business

Curriculum Overview

Students at Key Stage 4 have two periods a week studying the Edexcel GCSE (9-1) Business qualification

Term 1 Term 2 Term 3 Term 4 Term 5 Term 6
Year 10 Topic 1.1:

Enterprise and entrepreneurship

Topic 1.2:

Spotting a business opportunity

Topic 1.3:

Putting a business idea into practice

Topic 1.4:

Making the business effective

Topic 1.5:

Understanding the external influences on business

Topic 2.1: Growing the business
Year 11 Topic 2.2:

Making marketing decisions

Topic 2.3:

Making operational decisions

Topic 2.4:

Making financial decisions

Topic 2.5:

Making human resource decisions

Revision

 

Year 10

In Year 10 students complete Theme 1: Investigating Small Business and start Theme 2: Building a Business

Students are introduced to the dynamic nature of business in relation to how and why business ideas come about. They will explore how new and small businesses identify opportunities through understanding customer needs and conducting market research. Students will also explore a range of factors that impact on the success of the business, including competition, location, the marketing mix and the business plan. They are introduced to a range of external factors, such as stakeholders, technology, legislation and the economy. Finally, students are introduced to methods of growth and how and why business aims and objectives change as businesses evolve.

They will have the opportunity to do some project based learning creating their own hypothetical business and applying it to the theory covered.

Year 11

In Year 11 students complete Theme 2.

Students will explore how each element of the marketing mix is managed and used to inform and make business decisions in a competitive marketplace. Students will understand the tools a business has to support financial decision making, including ratio analysis and the use and limitation of a range of financial information. Finally, aspects of growing a business such as organisational structure, recruitment, training and motivation are explored.

Students then start a structured revision programme to prepare for their Business GCSE examination.

Pupils gain insights into real world application of marketing, human resources, ownership structures and market structures by reading business news and developing data response and evaluation skills.

Assessment at GCSE

The Edexcel GCSE (9–1) in Business consists of two externally-examined papers, one covering Theme 1 content and one covering Theme 2 content, both sat in May/June of Year 11

Theme 1: Investigating small business

Written examination: 1 hour and 30 minutes  50% of the qualification 90 marks

Content overview

Topic 1.1 Enterprise and entrepreneurship

Topic 1.2 Spotting a business opportunity

Topic 1.3 Putting a business idea into practice

Topic 1.4 Making the business effective

Topic 1.5 Understanding external influences on business

Assessment overview

The paper is divided into three sections: Section A: 35 marks Section B: 30 marks Section C: 25 marks.

The paper will consist of calculations, multiple-choice, short-answer and extended-writing questions.

Questions in Sections B and C will be based on business contexts given in the paper.

Theme 2: Building a business

Written examination: 1 hour and 30 minutes  50% of the qualification 90 marks

Content overview

Topic 2.1 Growing the business

Topic 2.2 Making marketing decisions

Topic 2.3 Making operational decisions

Topic 2.4 Making financial decisions

Topic 2.5 Making human resource decisions

Assessment overview

The paper is divided into three sections: Section A: 35 marks Section B: 30 marks Section C: 25 marks.

The paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. Questions in Sections B and C will be based on business contexts given in the paper.

 Further Reading/Resources

– More information on the specification can be found on the Edexcel website

– BBC news website to keep up to date with current affairs

– Newspapers

– Tutor2u website

– BBC Bite size website

 

British Values:

British Values in Business Studies

Democracy:

  • Democracy allows us to vote and express our preferences for government policies relating to business e.g. corporation tax rates, the strength of regulation and employment legislation.
  • Our government may sometimes impose economic sanctions on undemocratic government regimes, so that our businesses cannot carry out trade with these countries.
  • Trade unions, which help to protect worker rights, operate according to democratic rules with members able to vote on new policies.
  • Businesses have the opportunity to ask MPs to consider putting forward legislation that might help them to trade and operate more effectively.
  • Democracy is an important factor in the external environment of businesses.

Rule of law:

  • Businesses are more likely to develop and grow if they can operate in an economy with a strong institutional framework e.g. neutral and effective judiciary, trustworthy central bank and financial sector etc.
  • The rule of law means that contracts between businesses and customers in markets are upheld.
  • The rule of law is important for helping to protect intellectual property such as copyright and patents, which in turn supports more innovation by businesses.
  • The strategic decisions of businesses are influenced by the likely impact of legislation, such as Health & Safety legislation or environmental legislation.
  • The rule of law allows unfair behaviour of firms to be addressed by competition authorities and through the courts when necessary e.g. employment tribunals for unfair dismissal, fines for abuse of market power, breach of environmental legislation.

Individual Liberty:

  • For markets to work efficiently, individuals must be free to work wherever they choose and where their skills are best used.
  • For businesses to operate profitably, they must respond to the preferences and demands of different stakeholders.
  • Businesses need to adapt to changes in their external environment caused by people having freedom e.g. migration patterns, demographic changes, urbanisation and consumer lifestyles.
  • There may be conflict in businesses as individual liberty may be suppressed in order to achieve a business’s aims.
  • Employment changes such as flexible working arrangements and the gig economy may reflect increasing individual liberty.

Mutual respect:

  • Businesses provide goods and services for people with different views and beliefs, and adapting products for different people can allow firms to enter new markets.
  • Employees have a range of different views and this influences an organisation’s culture.
  • Businesses need to consider the views of different stakeholders to be successful, and be aware that different views influence the separation of ownership and control.
  • Businesses must be especially aware of different beliefs and views if they want to operate in international markets.
  • Growing businesses may struggle to achieve economies of scale and synergies if they do not consider the different views of their stakeholders.

Tolerance of those of different faiths and beliefs: Merged with mutual respect as the two overlap in business