Business is the exploration of how real businesses operate within 21st century, modern day life. Business, in itself, consists of a variety of different areas, which enable organisations to be successful and compete in the market place. It looks at the study of how businesses carry out a number of practices, such as marketing, recruitment, finance, and entrepreneurship. The subject is developed in order for students to use an enquiring, critical approach to distinguish facts and opinions, to build arguments, and make informed judgements on existing businesses. Business is apparent to everyone on a daily basis; whether it is in the news or on social media, it is everywhere around us.
Mrs S. Lake
Lead Teacher for Business
Business Studies KS4
Theme 1: investigating small businesses (50%)
Theme 2: building a business (50%)
Outline of course content:
You will be introduced to the world of small businesses and will look at what makes someone a successful business person. You will find out how to develop an idea, and spot an opportunity and turn that into a successful business. You will understand how to make a business effective and manage money. You will also see how the world around us affects small business and all the people involved. In Theme 2, you will learn more about how small businesses are developed, and discover how businesses promote themselves and keep their customers happy. You will learn how businesses manage both their finances and the people who work for them.
Outline of course structure:
Theme 1: Investigating small businesses - examination (50%) - a ninety-mark paper, with questions being a mixture of calculations, multiple-choice, data response, short answer, extended writing, and scenario based questions:
Theme 2: Building a business - examination (50%) - a ninety-mark paper, with questions being a mixture of calculations, multiple-choice, data response, short answer, extended writing, and scenario based questions:
Careers using Business
A qualification in Business during Years 10 and 11 can be a good starting point for a wide range of roles within an office or ‘business’ environment. Every organisation that makes something or provides a service needs people in the following roles. If you’re a good team player, have strong communication skills, and enjoy planning and organising your work and other people, then this type of work might be a suitable choice for you. Lots of general roles occur within an office environment. These include:
Admin assistant: This will involve general tasks within an office, such as using a PC, data inputting, staffing reception, and dealing with customer enquiries.
Personal assistant: This involves working very closely with a senior member of staff to provide them with admin support.
Office or business manager: This usually involves managing a team of people to make sure all admin work is being delivered efficiently.
Chief Executive or Managing Director: This is the most senior person and has overall responsibility. They often negotiate business deals and contracts, as well as making decisions about the future direction of the business.
Sales: Once a product has been made, someone has to sell this to the customers. This might involve lots of travel, sometimes overseas, or attending conventions and events.
Buyer / procurement: Every business which makes things needs materials to make them from. How about agreeing deals to buy these raw materials? These deals are often vital to the finance of the business. This might also involve lots of travel to visit suppliers to monitor the quality of the goods you’re buying.
Marketing and advertising: This links with the sales team, but how about planning marketing campaigns, buying advertising space, or analysing information about how best to ‘sell’ your product.
Finance, banking and accountancy: Enjoy working with numbers, meeting people, and agreeing deals? A ‘business’ qualification can be a starting point for further training for the finance industry.
Human Resources: This involves the recruitment, retention, and dismissal of staff. It also involves working with trade unions to agree the conditions of staff employment. An excellent knowledge of employment law will be required.
Logistics: Businesses move and store huge amounts of stock. Doing this efficiently is essential. How about planning what is needed and when? You see thousands of HGVs every day on the motorway; who decides where they’re going?
A business qualification could also provide a starting point for a career in; managing premises and property, or business consultancy where you’ll advice others how to run their business more effectively.
Business Studies at A-Level is widely available in sixth form and college. This can be combined with other subjects to produce a full time timetable. BTEC Level 3 Diploma and Extended Diploma are also available in many sixth forms and colleges.
For those who prefer to be based at work, apprenticeships in business admin offering the opportunity to achieve a NVQ Level 2 and 3 qualification are a popular choice, with opportunities being relatively plentiful.
Many Universities offer degree programmes in Business. At University, Business is often combined with other subjects to provide a broad timetable. You can find courses where it’s combined with subjects such as accounting, law, economics, or finance to create interesting programmes. You will find Business often combined with a foreign language at University. Many Business degree courses also involve one year on a work placement (a 'sandwich’ course), and these are always a popular option. How about this course at the University of Essex - BSc Finance with Mandarin - which involves spending year three of your course living and studying in China?