Nature of the Subject
Business and management is the rigorous and critical study of the ways in which individuals and groups interact in a dynamic business environment. It is an academic discipline that examines how business decisions are made and how these decisions impact on internal and external environments. The ideals of international cooperation and responsible citizenship are at the heart of business and management.
The IBO Business and Management program is designed to give students an understanding of business principles, practice and skills. Emphasis is also placed on understanding technical innovation and day-to-day business functions of marketing, human resource management and finance. However, a fundamental feature of the program is the concept of synergy. In its technical sense, it is a concept that means an organization should seek an overall return greater than the sum of its parts.
The Standard Level (SL) syllabus consists of five compulsory modules and a Written Assignment.
Modules: 1. Business organization and environment
2. Human Resources
3. Accounts and finance
5. Operations Management
Additional HL: 6. Business Strategy
A Written Assignment based on the application of tools, techniques and theory to a real Business situation or problem.
Written Papers 3 hours
Paper 1: 1 hour 15 minutes 35% (SL) , 2 hours 15 minutes 40% (HL)
Questions are based on a case study issued in advance by the IBO.
Paper 2: 1 hour 45 minutes 40% (SL) , 2 hours 15 minutes 35% (HL)
Five data-response questions, each based on one or more of the four modules of the syllabus.
Three questions are to be answered from the five.
A written commentary, maximum 1500 words, to be internally assessed by the teacher and externally moderated by the IBO. This must be based on three to five supporting documents about a real issue, or problem, facing a business organisation.
A research project of maximum length 2000 words. The report must address an issue facing an organisation or analyse a decision to be made by the organisation.