|Examination Board||Cambridge International Examinations|
Business Studies involves the investigation of how enterprise adds value by organising the production of goods and services. The performance of business is studied from a range of perspectives. Using case studies, Business Studies ensures that candidates have knowledge, understanding and experience of the real world of business organisations. The use of case study materials also requires that candidates use a variety of methods to analyse and evaluate this evidence and to make reasoned judgements in the context of real business scenarios. Business skills are essential for substantial number of diverse careers; most of us will end up working in a Business. The skills that students acquire will be of real benefit to them once they start work. We will help them to understand corporate aims and objectives as well as appreciating how they may relate to others through a hierarchal structure. This course covers a wide range of issues that are important in the world of business today, including the ownership and control of business, corporate responsibility, the management of people, finance, production and marketing.
The IGCSE Business Studies syllabus develops students’ understanding of business activity in the public and private sectors, and the importance of innovation and change. Students learn how the major types of business organisation are established, financed and run, and how their activities are regulated. Factors influencing business decision-making are also considered, as are the essential values of cooperation and interdependence.
The aims of the syllabus, which are not listed in order of priority, are to enable candidates to:
- Make effective use of relevant terminology, concepts and methods apply their knowledge and critical understanding to current issues and problems in a wide range of appropriate contexts.
- Distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to help build arguments and make informed judgements.
- Appreciate the perspectives of a range of stakeholders in relation to the environment, individuals, society, government and enterprise.
- Develop knowledge and understanding of the major groups and organisations within and outside business and consider ways in which they are able to influence objectives, decisions and activities.
- Develop knowledge and understanding of how the main types of businesses and commercial institutions are organised, financed and operated and how their relations with other organisations, consumers, employees, owners and society are regulat
- Develop skills of numeracy, literacy, enquiry, selection and employment of relevant sources of information, presentation and interpretation.
- Develop an awareness of the nature and significance of innovation and change within the context of business activities.
There are two stretching academic papers; each 1 hour and 45 minutes. Paper 1 includes short-answer questions and structured data response questions. In Paper 2 the student will be presented with a business situation or problem and will be asked questions about it. Students considering Business Studies as a serious option need to have good pass grades in Maths, English and either ICT or Geography.
Careers and Progression
Over 80% of all careers will benefit from Business Studies knowledge. Many Year 13 students progress to University to study Business in preparation for a managerial position.