St Andrews HS Business Studies Dept Higher Business Management

St Andrews HS Business Studies Dept Why Business Management? Business and enterprise are at the heart of national growth and development. This is reflected in the importance of business education in schools and colleges today. This course offers you the opportunity to acquire skills and knowledge which will allow you to participate in the complex world of business and information. Whether or not you intend to have a career in business, the course will enable you to enhance your individual effectiveness. Business and enterprise are at the heart of national growth and development. This is reflected in the importance of business education in schools and colleges today. This course offers you the opportunity to acquire skills and knowledge which will allow you to participate in the complex world of business and information. Whether or not you intend to have a career in business, the course will enable you to enhance your individual effectiveness.

St Andrews HS Business Studies Dept Course Outline Business in Contemporary Society Business in Contemporary Society Business Decision Areas: Marketing and Operations Business Decision Areas: Marketing and Operations Business Decision Areas: Finance and Human Resource Management Business Decision Areas: Finance and Human Resource Management

St Andrews HS Business Studies Dept Business in Contemporary Society This section of the unit deals with: The role of business in society The role of business in society Types and objectives of business organisations Types and objectives of business organisations The role of enterprise and the entrepreneur The role of enterprise and the entrepreneur Stakeholders such as shareholders, customers and employees. Stakeholders such as shareholders, customers and employees. Factors affecting the operation of business Factors affecting the operation of business Business as a dynamic activity, for example the impact of changes in demand Business as a dynamic activity, for example the impact of changes in demand

St Andrews HS Business Studies Dept Business Information and ICT This section of the unit deals with: Sources, types and value of information Sources, types and value of information Examples of IT Examples of IT ICT in business, including business software ICT in business, including business software

St Andrews HS Business Studies Dept Decision Making in Business This section of the unit deals with The nature and types of decision making The nature and types of decision making The decision making model The decision making model Strengths, weaknesses, opportunities, threats (SWOT) analysis Strengths, weaknesses, opportunities, threats (SWOT) analysis Problems of structured models Problems of structured models

St Andrews HS Business Studies Dept Internal Organisation Internal Organisation – This section deals with: The grouping of activities - function, product/service, customers, technology, staff The grouping of activities - function, product/service, customers, technology, staff Functional activities of organisations Functional activities of organisations Forms of organisational structure - hierarchical, flat, matrix, entrepreneurial, centralised and decentralised Forms of organisational structure - hierarchical, flat, matrix, entrepreneurial, centralised and decentralised Aspects of organisational structure - such as organisation charts, formal and informal structures, changes in structure Aspects of organisational structure - such as organisation charts, formal and informal structures, changes in structure

St Andrews HS Business Studies Dept Business Decision Areas: Marketing and Operations Marketing - This section of the unit deals with: The marketing concept, including marketing of products and services The marketing concept, including marketing of products and services The marketing mix, including place and pricing strategies The marketing mix, including place and pricing strategies Target markets, including niche marketing and market growth Target markets, including niche marketing and market growth Market research, including surveys, questionnaires and interviews. Market research, including surveys, questionnaires and interviews.

St Andrews HS Business Studies Dept Business Decision Areas: Marketing and Operations Operations - This section of the unit deals with: Input, process and output - for example, production systems and stock control Input, process and output - for example, production systems and stock control Distribution and delivery - warehouse, transporting, scheduling Distribution and delivery - warehouse, transporting, scheduling Types of operations - job, batch, flow Types of operations - job, batch, flow Factors affecting quality - quality control and management Factors affecting quality - quality control and management

St Andrews HS Business Studies Dept Business Decision Areas: Finance and Human Resource Management Financial Management - This section of the unit deals with The role and importance of the finance function in organisations The role and importance of the finance function in organisations Financial information, including balance sheets and profit and loss accounts Financial information, including balance sheets and profit and loss accounts Cash flow management – liquidity, decision making, projection Cash flow management – liquidity, decision making, projection Budgetary control – uses, including monitoring and controlling activity Budgetary control – uses, including monitoring and controlling activity Ratio analysis, including gross profit/sales, return on capital and current ratio (calculation of ratios is not required). Ratio analysis, including gross profit/sales, return on capital and current ratio (calculation of ratios is not required).

St Andrews HS Business Studies Dept Business Decision Areas: Finance and Human Resource Management Human Resource Management - This section of the unit deals with: The role and importance of human resources in organisations The role and importance of human resources in organisations Changing pattern of employment within organisations Changing pattern of employment within organisations Recruitment and selection Recruitment and selection Training and development Training and development Employee relations Employee relations Legislative requirements Legislative requirements

St Andrews HS Business Studies Dept 2 requirements to attain a pass at Higher Level To pass the external examination To pass the external examination To pass all the internal assessments relating to the Learning Outcomes. To pass all the internal assessments relating to the Learning Outcomes.

St Andrews HS Business Studies Dept Internal Assessment There will be 3 internal assessments, one on Business Enterprise and one on the two joint decision areas There will be 3 internal assessments, one on Business Enterprise and one on the two joint decision areas Internal Organisation will be covered in the course but will not be internally assessed but will be assessed in the final examination. Internal Organisation will be covered in the course but will not be internally assessed but will be assessed in the final examination.

St Andrews HS Business Studies Dept Internal Assessment Each pupil must pass the assessment relating to the learning outcome. One resit will be permitted although it is always more advantageous to pass at the first attempt. Each pupil must pass the assessment relating to the learning outcome. One resit will be permitted although it is always more advantageous to pass at the first attempt.

St Andrews HS Business Studies Dept Final Exam There will be one final examination of 100 marks, which will consist of a case study (50 marks) and an extended response paper where candidates must choose to do 2 questions from a choice of 5;each question is worth 25 marks. There will be one final examination of 100 marks, which will consist of a case study (50 marks) and an extended response paper where candidates must choose to do 2 questions from a choice of 5;each question is worth 25 marks.

St Andrews HS Business Studies Dept What you can do? (1) Homework and class work will involve working on case studies from past papers and answering extended response questions. Homework and class work will involve working on case studies from past papers and answering extended response questions. Reading a quality newspaper will be invaluable especially the Business Sections. Current affair programmes would also be most useful. Reading a quality newspaper will be invaluable especially the Business Sections. Current affair programmes would also be most useful.

St Andrews HS Business Studies Dept What you can do? (2) Attention leads to learning. In other words, attention is a prerequisite to learning. And there's no way around it! If a pupil pays little attention in class, very little learning will occur at that time. I estimate that if a pupil has good attention in class, it is worth 2-3 hours of study out of class. In other words, pay attention in class and it reduces your study time outside of class. Attention leads to learning. In other words, attention is a prerequisite to learning. And there's no way around it! If a pupil pays little attention in class, very little learning will occur at that time. I estimate that if a pupil has good attention in class, it is worth 2-3 hours of study out of class. In other words, pay attention in class and it reduces your study time outside of class.

St Andrews HS Business Studies Dept What you can do? (3) Ask questions if you are not sure? Ask questions if you are not sure? Make sure you complete your homework Make sure you complete your homework Read over your core notes Read over your core notes Practice past paper questions Practice past paper questions