Studying Business will allow you to develop a set of transferable skills that will improve your employability and stay with you for the rest of your life, regardless of what you end up doing as a job.
Topic areas include:
Enterprise and entrepreneurship
Students are introduced to the dynamic nature of business in relation to how and why business ideas come about. They also explore the impact of risk and reward on business activity and the role of entrepreneurship.
Spotting a business opportunity
Students will explore how new and small businesses identify opportunities through understanding customer needs and conducting market research. They will also focus on understanding the competition.
Putting a business idea into practice
This topic focuses on making a business idea happen through identifying aims and objectives and concentrating on the financial aspects.
Making a business effective
Students will explore a range of factors that impact on the success of the business, including location, the marketing mix and the business plan.
Understanding external influences on a business
Students are introduced to a range of factors, many of which are outside of the immediate control of the business, such as stakeholders, technology, legislation and the economy. Students will explore how businesses respond to these influences.
Growing the business
Students are introduced to methods of growth and how and why business aims and objectives change as businesses evolve. The impact of globalisation and the ethical and environmental questions facing businesses are explored
Making marketing decisions
Students will explore how each element of the marketing mix is managed and used to inform and make business decisions in a competitive marketplace
Making operational decisions
This topic focuses on meeting customer needs through the design, supply, quality and sales decisions a business makes
Making financial decisions
Students will explore the tools a business has to support financial decision making, including ratio analysis and the use and limitation of a range of financial information.
Making human resource decisions
Growing a business means that decisions relating to organisational structure, recruitment, training and motivation need to be made to influence business activity. These aspects are considered in this final topic.
Students will be assessed half termly through a variety of methods which could include: Written assessment, multiple choice quizzes, short and long exam style questions.
Key Stage 4 Course
Students follow the Edexcel GCSE Business which is assessed by two written examinations.