IB Diploma Business & Management Course Overview HL/SL Topic 1Business Organization & Environment Topic 2Human Resources Topic 3Accounts & Finance Topic 4Marketing Topic 5Operations Management HL Topic 6Business Strategy SL/HL Independent Research Project

IB Diploma Business & Management Course Overview Year 1Year 2 Topic 1: Business Organization & Environment Topic 2: Human Resources Topic 5: MarketingTopic 5: Operations Management Topic 3: Accounts & FinanceTopic 6: Business Strategy (H/L Only)

IB Diploma Business & Management Course Overview (H/L) PAPER 1PAPER 2INTERNAL ASSESSMENT (PROJECT) Focuses on…All 6 topics Any topic area Assessment Objs ContentPre-seen Case-study Section A (H/S) Answer 2 out of 3 questions Section B (H/S) One compulsory question Section C (H only) One compulsory question Section A One of two questions Section B Answer two out of three questions Research Project -Address a real business issue -A working report (max 2000 words) Total Marks80marks75marks25marks Time2 ½ hrs2 ¼ hrs30hrs Weighting40%35%25%

IB Diploma Business & Management Course Overview (S/L) PAPER 1PAPER 2INTERNAL ASSESSMENT (PROJECT) Focuses on…All 5 topics Any topic area Assessment Objs1-6 ContentPre-seen Case-study Section A (H/S) Answer 2 out of 3 questions Section B (H/S) One compulsory question Section A One of two questions Section B Answer two out of three questions Research Project Written commentary based on 3 to 5 supporting documents about a real issue that a real business is experiencing. (max 1500 words) Total Marks50marks60marks25marks Time1 ¼ hrs1 ¾ hrs15hrs Weighting35%40%25%

Identify the topic of the term?

TOPIC:Topic 2: Human Resources LESSON TITLE:Supply of Human Resources COMPETENCY FOCUS: Research (I1): you will develop your skills in research as throughout this topic, you will need to research the role of human resource in HRM, the different job roles that exist within an organisation and also the recruitment & selection documentation that the organisation uses to help recruit the right people for their vacant job roles. [IB Learner Profile Development: Inquirer] Learning Objectives By the end of the lesson, you should be able to… LO1) Define the term ‘human resource management’. LO2) Explain how demographic changes affect the supply of labour LO3) Discuss the significance if changes in labour mobility, in both domestic and international markets. SMSC: You will assess the organisational culture of businesses in terms of fundamental structure, purpose and strategy development. CRITICAL THINKING KEY: Knowledge Application Analysis Evaluation

Start thinking…! Read the case study (p.96) and respond to the following questions: 1)List as many HRM responsibilities as you can. 2)Do you think recruitment, selection and training of staff are important to a firm’s success? Explain your answer. 3)What HR problems might an Australian business experience if they tried to open up a base in China?

Keyword Glossary: Human Resource Management (HRM): the strategic approach to effective management of staff so that they can help a business gain its competitive advantage. Human Resource Planning: Analysing/forecasting the number of workers and skills that is needed by the business to be able to achieve objectives.

Human Resource Management (HRM) Human Resource Management (HRM): the strategic approach to effective management of staff so that they can help a business gain its competitive advantage. Good HRM is when you recruit the right amount of staff with the right skills, train them efficiently, reward them and provide the right opportunities for them, all at the right time and at the right cost.

Demographic Change Demographic changes in population can affect the supply of workforce.

Labour Mobility There are 2 types: Occupational Mobility of Labour: the extent to which workers are willing and able to move jobs requiring different skills. Geographical Mobility of Labour: the extent to which workers are willing to move geographical region to move jobs.

Labour Mobility A higher labour mobility helps a country to achieve economic efficiency A mobile workforce means that if jobs are lost in one regions, workers are willing to move to find work. This helps to keep unemployment low. In developed countries, labour tends to be immobile. Why?

Workforce Planning HR depts. Need to forecast the future staffing needs of the business They start by conducting a ‘workforce audit’ They then produce a ‘workforce plan’ Workforce planning involves: - forecasting the number of staff required - skills required by workers

Exam Question Activity 10.1 Pg.98

Reflection Reflect on what you have learnt this lesson. What do you need to know more about?