ib hl1 business & management course overview 2013-2014 academic year
TRANSCRIPT
IB HL1 BUSINESS & MANAGEMENTCOURSE OVERVIEW
2013-2014 Academic Year
CORE UNITS:
UNIT 1: BUSINESS ORGANIZATIONS & MANAGEMENTUNIT 2: HUMAN RESOURCES (HR)UNIT 3: ACCOUNTS & FINANCEUNIT 4: MARKETING UNIT 5: OPERATIONS MANAGEMENTUNIT 6: BUSINESS STRATEGY (HL2 Yr)
UNIT 1: BUSINESS ORGANIZATIONS & MANAGEMENT
• Nature & Objectives of Business• Objectives, Stakeholders & the External
Environment• Organizational Planning & Decision Making• Growth & the Impact of Globalization• Change & the Management of Change
UNIT 2: HUMAN RESOURCES
• Human Resource Planning• Organizational Structure & Communication• Leadership & Management• Motivation • Corporate Culture & Employer Employee
Relations
UNIT 3: ACCOUNTS & FINANCE
• Sources of Finance• Management Accounting • Financial Accounts & Ratio Analysis
UNIT 4: MARKETING
• Role of Marketing• Marketing Planning
UNIT 5: OPERATIONS MANAGEMENT
• Production Methods• Costs, Revenue & Break Even Analysis• Quality Assurance• Location • Innovation• Production Planning• Project Management
UNIT 6: BUSINESS STRATEGY
• Strategic Analysis• Strategic Choice• Strategic Implementation • Evaluation & Control• Case Studies on Strategy
INTERNAL ECA ASSESSMENT
• Homework Tasks (1 major task every 2 weeks) (Weight 5)• Weekly or Fortnightly Micro Exams (A short exam
about 15 to 20 minutes on core theories every week or 2 weeks. Weight 4)
• Company Simulation Project & Trade Fair (A group assignment over 3 months, weight 15)• End of Quarter Exams (90 mins, weight 20)• End of Semester Exams (2 hrs, weight 40)
EXTERNAL IB ASSESSMENTResearch Project
Research Project• You choose any company and investigate a
business problem or opportunity and provide solutions & recommendations to management.
• Length: 2000 words• Weight: 25% of your total IB business grade.
• Due Date: Due December 2013.
EXTERNAL IB ASSESSMENTPaper 1:Exam based on set Case Study
Time: 2 hours & 15 minutesWeight: 40% of your total IB business grade.Date: May 2015 Exam Schedule
What to Study?• A prescribed IB case study is released 2 months
prior to the examination. Preparation involves knowing all aspects of the case study prior to the exam.
EXTERNAL IB ASSESSMENTPaper 2: Data & Short Response Articles
Time: 2 hours & 15 minutesWeight: 35% of your total IB business grade.Date: May 2015 Exam Schedule
What to Study?• All aspects of the course, with stronger
emphasis on financial calculations for the first part of the exam.
HOMEWORK POLICY
• Homework is a very important part of the Business & Management Course.
• The slides which follow answer many questions regarding homework in Business & Management.
What type of activities/exercises will I have to complete for homework?
** Your first homework tasks will involve reading
3 articles from business magazines & newspapers with associated questions & activities.
• Some of these questions require extended responses and research.
• Other homework tasks will my involve essay writing and or business calculations.
How long will I have to do my homework?
• In most cases, you will normally have about 10 days (nearly 2 weeks) to complete each major homework task.
• As you have considerable time to do your homework, there is no excuse for late submission
• Important Advice: Start your homework early – do not try to complete all your business homework the night before submission. It is not designed to be a one night activity, but rather there is work for several nights – the quality of the answers is important, especially with research questions. Do not use wikipedia!
What criteria are assessed with homework tasks & what is the weight?
Most homework tasks will involve at least 2 criteria: Mastery of Key Facts & Concepts Analysis of Key Facts & Concepts Dedication to the Learning Process
• Each criteria is marked from 2 (F) to 7 (A+) using the IB grading scheme.
• Each criteria is weighted at 5 on the ECA reporting system.
• Non submission of a homework task will score 1.
When is homework due?
• Homework is normally due on a Friday by 4:00pm or occasionally Thursday 4:00pm, when Friday is a holiday.• Note, that you may not have a business
class on the day the homework is due, but this is no excuse for late submission.• A complete list of Semester 1 dates is
provided in the next slide.
Major Homework Tasks: Semester 1 Dates
• Homework Task 1: Friday 23rd August 2013• Homework Task 2: Friday 6th September 2013• Homework Task 3: Friday 20th September 2013• Homework Task 4: Friday 4th October 2013**• Homework Task 5: Friday 25th October 2013• Homework Task 6: Friday 8th November 2013• Homework Task 7: Friday 22nd November 2013 ** (Last day of Quarter 1 Due: 11:30am)
How do I submit your homework?Electronic & Paper Copy
• If you have a business class on the day the homework is due it is obviously desirable to submit this in class.
• However, if you do not have a class on the day the homework is due, please ensure that it reaches my desk by 4:00pm on the relevant Friday or the prescribed date as listed in this document.
• In addition to providing a paper copy, you must also email your homework to:
How do I get the Homework Tasks
• For the first tasks, paper copies will be provided.
• An email distribution list will be created for this class, so homework will generally be emailed to you personal email address.
• In addition, homework task sheets (including articles/questions) will also be available on my wikipage. At my homepage click on the relevant link for business homework.
MICRO-SHORT EXAMS
• These exams should only take you about 15 to 20 minutes to complete.
• They will take place every 1 to 2 weeks depending on the relevant cycle.
• A list of dates for semester 1 is provided in the next slide.
• Weight 5
MICRO EXAMS – KEY DATES (TBA)Micro Exam 1
Micro Exam 2:
Micro Exam 3:
Micro Exam 4: :
Micro Exam 5:
Micro Exam 6:
Video Comprehension Exams
• Every 1 to 2 weeks you will also complete short video comprehension exams based on recent news in the world of business.
• You watch videos from a variety of sources including CNN, BBC and Bloomberg.
• Weight 3.
End of Quarter 1 Exam
Date: TBA (30th Sept – 3rd Oct 2013)
Length: 90 minutes
Structure• Short Answer-Definition Questions / Cloze
Exercises/ Multiple Choice & Paragraph Responses. Criteria:• Weight 10
End of Semester Exam
Date: HS Exam Week (December)
Length: 2 hours
Structure• Short Answer-Definition Questions / Cloze
Exercises/ Multiple Choice & Paragraph Responses. Criteria:• Weight 20
Dedication to the Learning Process
• 20% of your overall grade.• Submitting all work on time.• Participation in Class• Focus in Class (no facebook! – if caught once,
no chance of 7)