IB Business Management HL · Unit 1 of 6

IB Business Management HL Unit 1: Introduction to Business Management

Unit 1 of IB Business Management covers Introduction to Business Management. This unit contains 6 topics and 25 sub-topics. Below you'll find free study notes, flashcards, and exam preparation resources for every topic in this unit.

Higher Level students should treat this unit page as a route map: revise the shared core, then use the HL notes and topic links to reach the extra depth and evaluation expected at HL.

6 topics25 sub-topics

Exam technique guide

What Unit 1 covers

The HL extension of Unit 1 deepens the study of business organisations with more complex stakeholder conflict analysis, detailed STEEPLE evaluation, and extended case study scenarios. HL students must demonstrate multi-concept application when analysing business environments and the impact of multinational companies.

Topics in Unit 1

1.1

What is a business?

6 sub-topics

1.2

Types of business entities

5 sub-topics

1.3

Business objectives

4 sub-topics

1.4

Stakeholders

3 sub-topics

1.5

Growth and evolution

4 sub-topics

1.6

Multinational companies (MNCs)

3 sub-topics

Study tip: Work through the topics in order — each builds on concepts from the one before. Start with notes, then reinforce with flashcards and practice questions.

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All Business Management HL units Unit 2