Key Stage 3
Students study Business and Entrepreneurship from the moment they arrive. In addition to learning about key business concepts, they will also study towards the London Institute of Banking and Finance Level 2 Qualification in Financial Capability. Here is a link to their website:
Business Studies at GCSE
Theme 1: Investigating small business (*Paper code: 1BS0/01)
Written examination: 1 hour and 30 minutes 50% of the qualification 90 marks Content overview
- Topic 1.1 Enterprise and entrepreneurship
- Topic 1.2 Spotting a business opportunity
- Topic 1.3 Putting a business idea into practice
- Topic 1.4 Making the business effective
- Topic 1.5 Understanding external influences on business
Theme 2: Building a business (Paper code: 1BS0/02)
Written examination: 1 hour and 30 minutes 50% of the qualification 90 marks
- Topic 2.1 Growing the business
- Topic 2.2 Making marketing decisions
- Topic 2.3 Making operational decisions
- Topic 2.4 Making financial decisions
- Topic 2.5 Making human resource decisions
Students who have an interest in current affairs tend to do well as much of the subject content appears in the news every day. It is a very broad subject: it embraces Marketing, Economics, Psychology, Accountancy, Business Law and, to a lesser extent other subjects. It therefore acts as an introduction to a range of A Level choices in the Sixth Form.
The subject focuses on resolving real world businesses problems, for example:
- Should they be concentrating on their current markets or should they develop in new regions such as China?
- What issues are associated with reducing the size of their workforce?
- How should they re-launch one of their brands which has been suffering a decline in sales?
- How should the company respond to a change in the value of the Euro?
- How might Brexit affect the business?
In Year 10 the focus is on starting up a new business: the problems of cash flow, coping with a shrinking economy and the difficulty in extracting a loan from banks.
This is taught initially by the students creating their own fictitious business and the investigating the problems they face.
In Year 11 we look at the wider problems faced by businesses as they grow, especially when they become multinationals.
Both Modules are examined at the end of Year 11.
Link to the specification:
A Level Year 12 Business Studies
Theme 1 Marketing and People
This theme enables students to understand how businesses identify opportunities and explores how businesses focus on developing a competitive advantage through interacting with customers. Students develop an understanding of how businesses need to adapt their marketing to operate in a dynamic business environment. This theme also considers people, exploring how businesses recruit, train, organise and motivate employees, as well as the role of enterprising individuals and leaders.
Theme 2 Managing Business Activities
This theme enables students to develop an understanding of raising and managing finance, and measuring business performance. The theme outlines the importance of using resources efficiently within a business to ensure that goods or services can be delivered effectively and efficiently, and to a high quality. Students also consider the external influences that have an impact on businesses, including economic and legal factors.
A Level Year 13 Business Studies
Theme 3 Decisions and strategy
This theme moves from functions to strategy, enabling students to develop their understanding of the core concepts and to take a strategic view of business opportunities and issues. Students analyse corporate objectives and strategy against financial and non-financial performance measures and how businesses grow, and develop an understanding of the impact of external influences. The theme covers the causes and effects of change and how businesses mitigate risk and uncertainty.
Theme 4 Global Business
Students investigate businesses that trade on a global scale and explore their reasons for doing so. Students develop an understanding of the globally competitive environment and consider the ethical and moral dimensions of global business activities.