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NotesBusiness Management

IB Business Management HL Notes

Business Management

IB Business Management Higher Level builds on the SL course with additional quantitative skills, a dedicated Paper 3 on social enterprise, and deeper theoretical analysis. HL students are expected to demonstrate more nuanced evaluation in extended-response questions.

These HL notes cover all 6 units including HL-specific extensions on finance ratio analysis, advanced marketing strategy, and strategic management tools. Each topic is structured with micro-topic detail, worked examples, and exam tips for Papers 1, 2, and 3.

Use the structured unit list below to revise systematically and ensure all HL-only content is covered before your exams.

How to use Business Management notes

1Start with a unit overview. Click any Unit heading to see all topics and business concepts covered.
2Read micro-topic notes. Each topic links to detailed notes with definitions, business tools, and worked examples.
3Test with flashcards. Use spaced-repetition flashcards to memorise key terms, formulas, and frameworks.
4Practise exam questions. Apply theory to case studies and get AI feedback aligned to IB mark schemes.

BM SL Notes BM Exam Skills (HL)BM Revision Guide

Unit 1: Introduction to Business Management

1.1What is a business?

1.2Types of business entities

1.3Business objectives

1.4Stakeholders

1.5Growth and evolution

1.6Multinational companies (MNCs)

Unit 2: Human Resource Management

2.1Introduction to human resource management

2.2Organizational structure

2.3Leadership and management

2.4Motivation and demotivation

2.5Organizational culture (HL only)

2.6Communication

2.7Industrial/employee relations (HL only)

Unit 3: Finance and Accounts

3.1Introduction to finance

3.2Sources of finance

3.3Costs and revenues

3.4Final accounts

3.5Profitability and liquidity ratio analysis

3.6Efficiency ratios (HL only)

3.8Investment appraisal

3.9Budgets (HL only)

Unit 4: Marketing

4.1Introduction to marketing

4.2Marketing planning

4.3Sales forecasting (HL only)

4.4Market research

4.5The seven Ps of the marketing mix

4.6International marketing (HL only)

Unit 5: Operations Management

5.1Introduction to operations management

5.2Operations methods

5.3Lean production and quality management (HL only)

5.5Break-even analysis

5.6Production planning (HL only)

5.7Crisis management and contingency planning (HL only)

5.8Research and development (HL only)

5.9Management information systems (HL only)

Unit 6: Strategic Management

6.1SWOT analysis

6.2Ansoff matrix

6.3STEEPLE analysis

6.4Boston Consulting Group (BCG) matrix

6.5Business plan

6.6Decision trees

6.7Descriptive statistics

6.8Circular business models

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