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Exploring the IB Business and Management syllabus provides a clear view of the skills and knowledge you'll acquire throughout the course. Join us as we unpack the key concepts of the syllabus, giving you a better understanding of what to expect on your learning journey.
IB Business Management Syllabus + Topics
The IB Business and Management syllabus consists of 5 units:
- Unit 1: Introduction to business management
- Unit 2: Human resource management
- Unit 3: Finance and accounts
- Unit 4: Marketing
- Unit 5: Operations management
Unit 1: Introduction to business management
In this unit you will explore the following:
- What is a business?
- Types of business entities
- Business objectives
- Stakeholders
- Growth and evolution
- Multinational companies (MNCs)
Unit 2: Human resource management
In this unit you will explore the following:
- Introduction to human resource management
- Organizational structure
- Leadership and management
- Motivation and demotivation
- Communication
- Organizational (corporate) culture (HL only)
- Industrial/employee relations (HL only)
Unit 3: Finance and accounts
In this unit you will explore the following:
- Introduction to finance
- Sources of finance
- Costs and revenues
- Final accounts
- Profitability and liquidity ratio analysis
- Cash flow
- Investment appraisal
- Efficiency ratio analysis (HL only)
- Budgets (HL only)
Unit 4: Marketing
In this unit you will explore the following:
- Introduction to marketing
- Marketing planning
- Market research
- The seven Ps of the marketing mix
- Sales forecasting (HL only)
- International marketing (Hl only)
Unit 5: Oprerations management
In this unit you will explore the following:
- Introduction to operations management
- Operations methods
- Location
- Break-even analysis
- Lean production and quality management (HL only)
- Production planning (HL only)
- Crisis management and contingency planning (HL only)
- Research and development (HL only)
- Management information systems (HL only)
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