IB Business Management

Higher or Standard Level

Business management is an exciting and dynamic discipline that goes beyond students’ current needs - developing them into tomorrow’s global citizens, prepared for a complex and evolving business environment. The aim of the business management course is to develop the confidence, creativity and compassion students require to become effective change agents and successful business leaders and entrepreneurs.

Through the exploration of four interdisciplinary concepts: creativity, change, ethics and sustainability, this course empowers students to explore these concepts from a business perspective. Through the units of human resources, finance, marketing and operations the key concepts will allow a conceptual understanding that enhances the student’s understanding of the complex and dynamic business world. 

Some aspects the student will cover include:

• The structure and goals of organisations such as sole traders, partnerships, companies, clubs and non-profit organisations
• The principles of delegation, power and responsibility along with theories of leadership, motivation and communication
• Analytical techniques used by businesses to make decisions, including improving profitability, producing or out-sourcing production and expanding or relocating
• Marketing strategies to produce the right product, in the right place, at the right time

The business management course is designed to meet the current and future needs of students who want to develop their knowledge of business content, concepts and tools to assist with business decision making. Future employees, business leaders, entrepreneurs or social entrepreneurs need to be confident, creative and compassionate as change agents for business in an increasingly interconnected global marketplace. This course is designed to encourage the development of these attributes.

The aims of this course are to enable students to: 

• Develop as confident, creative and compassionate business leaders, entrepreneurs, social entrepreneurs and as change agents 
• Foster an informed understanding of ethical and sustainable business practices 
• Explore the connections between individuals, businesses and society 
• Engage with decision-making as a process and a skill