IBDP – BUSINESS MANAGEMENT (BM)
The IB offers international education preparing students to be well informed citizens and critical thinkers. The curriculum is widely known and recognised among the world for its holistic and multidisciplinary approach to education. However, IBDP is considered as one of the most rigorous, demanding and competitive curriculums around the world. Your IBDP grade proves to be a very crucial deciding factor in university acceptance around the world and is considered to be one of the mostimportant milestones in a student’s life. Achieving a good IB score can be hard but definitely not impossible! According to Statistics, less than 1% of IB Candidates achieve an IB 45 worldwide. We are Tychr, believe that sky is the limit and we must strive to achieve what seems the most difficult to attain. Putting it simply, we at Tychr have you covered. Click here for the ultimate learning experience all in one place specially designed for you to cater to all your educational needs. At Tychr, students are familiarised with a personalised teaching experience to ensure that every student makes avail of the required attention he/she needs. Our adaptive teaching methodology as well as our live and interactive sessions make certain to keep our students engaged, absorbed and yearning to learn more. Our T.E.S.T Methodology has proved to be extremely helpful and result oriented for our students.
IBDP – BUSINESS MANAGEMENT
Unit – Introduction to business management
Unit – Human resource management
Unit – Finance and accounts
Unit – Marketing
Unit – Operations management
Economics curriculum overview:
| Syllabus Component | Teaching Hours(SL) | Teaching Hours(HL) |
|---|---|---|
| Unit 1 1.1 Business Organisation and Environment 1.1. Introduction to Business Management 1.2. Types of organisations 1.3. Organisational Objectives 1.4. Stakeholders 1.5. External Environment 1.6. Growth and Evolution Organizational planning tools (HL only) | 40 | 50 |
| Unit 2: Human Resource Management 2.1 Functions and evolution of human resource management 2.2 Organizational structure 2.3 Leadership and Management 2.4 Motivation 2.5 Organizational (corporate) culture( HL only) 2.6 Industrial/employee relations (HL only) | 15 | 30 |
| Unit 3: Finance and Accounts 3.1 Sources of Finance 3.2 Costs and Revenues 3.3 Break-even Analysis 3.4 Final Accounts(some HL only) 3.5 Probability and liquidity ratio analysis 3.6 Efficiency ratio analysis 3.7 Cash flow 3.8 Investment Appraisal (some HL only) 3.9 Budgets ( HL only) | 35 | 50 |
| Unit 4: Marketing 4.1 The role of Marketing 4.2 Marketing Planning (including introduction to the four Ps) 4.3 Sales forecasting( HL only) 4.4 Market Research 4.5 The four Ps(product, price, promotion, place) 4.6 The extended marketing mix of seven Ps( HL only) 4.7 International marketing(HL only) 4.8 E-commerce | 35 | 50 |
| Unit 5: Operations Management 5.1 The role of operations management 5.2 Production methods 5.3 Lean production and quality management( HL only) 5.4 Location 5.5 Production Planning( HL only) 5.6 Research and Development(HL only) 5.7 Crisis management and contingency planning( HL only) | 10 | 30 |
| Internal Assessment | 15 | 30 |
| Assessment Type | Assessment Format | No. of hours(SL) | Final Grade weightage in SL(%) | No. of hours(HL) | Final Grade weightage in HL(%) |
|---|---|---|---|---|---|
| External | 4.5 | 75 | |||
| Paper 1 | Structured and extended response questions | 2.25 | 35 | ||
| Paper 1 | Structured and extended response questions | 2.25 | 40 | ||
| Internal | 30 | 75 | |||
| Research Project | Students research and report on us sue facing an organization or a decision to be made by an organization(or several organisations). Max: 2,000 words | 30 | 25 |
The Business Management IB course covers key characteristics of- business organizations, the environment, finance, accounts, business functions of HRM and the links between them.
The aim of the course is to encourage a holistic view of business and to empower students to think critically about individual and organizational behavior. It aims to bring focus on importance of change at different levels and understand importance of innovation in a business environment.