All Subjects
IB Business Notes
Business Management
Unit 1
1.1.1Nature of businesses
1.1.2Business functions
1.1.3Primary, secondary, tertiary, and quaternary sectors
1.1.4Process of starting a business
1.1.5Opportunities of a new business
1.1.6Challenges of a new business
1.2.1Sole traders
1.2.2Partnerships
1.2.3Private and public limited companies
1.2.4Cooperatives
1.2.5Social enterprises
1.3.1Vision and mission statements
1.3.2Business objectives
1.3.3Ethical objectives and CSR
1.3.4Conflicts between objectives
1.4.1Internal and external stakeholders
1.4.2Stakeholder interests and conflicts
1.4.3Stakeholder influence and impact
1.5.1Internal and external growth
1.5.2Mergers and acquisitions
1.5.3Economies and diseconomies of scale
1.5.4Franchises
1.6.1Features of multinational companies
1.6.2Impact of MNCs on host countries
1.6.3Marketing products versus services globally
Unit 2
2.1.1Functions of HRM
2.1.2Recruitment and selection
2.1.3Training and development
2.1.4Appraisal and performance management
2.1.5Dismissal and redundancy
2.1.6Labour turnover
2.1.7Flexible work arrangements
2.2.1Types of organizational structure
2.2.2Organization charts
2.2.3Key structural concepts
2.2.4Centralisation and decentralisation
2.3.1Management versus leadership
2.3.2Leadership styles
2.3.3Management functions and roles
2.4.1Motivation theory — Maslow
2.4.2Motivation theory — Herzberg
2.4.3Financial and non-financial rewards
2.4.4Causes of demotivation
2.6.1Types of communication
2.6.2Barriers to communication
2.6.3Communication in remote working
Unit 3
3.1.1Role of finance in business
3.1.2Capital and revenue expenditure
3.1.3Profit versus cash flow
3.2.1Internal sources of finance
3.2.2External sources of finance
3.2.3Short-term versus long-term finance
3.2.4Purchasing versus leasing
3.3.1Types of costs
3.3.2Revenue and revenue streams
3.3.3Calculating profit
3.3.4Impact of cost and price changes
3.4.1Profit and loss accounts
3.4.2Balance sheets
3.4.3Reading and using final accounts
3.5.1Profitability ratios
3.5.2Liquidity ratios
3.5.3Interpreting and comparing ratios
3.7.1Cash flow basics
3.7.2Cash flow forecasts
3.7.3Causes of cash flow problems
3.7.4Strategies to improve cash flow
3.8.1Payback period
3.8.2Average rate of return
3.8.3Comparing investment options
Unit 4
4.1.1What is marketing?
4.1.2Market and market share
4.1.3Branding and brand awareness
4.1.4Market segments and segmentation
4.2.1Marketing objectives and strategies
4.2.2Marketing planning
4.2.3Market share measurement
4.4.1Primary market research
4.4.2Secondary market research
4.4.3Sampling methods
4.4.4Qualitative versus quantitative research
4.5.1Product
4.5.2Price
4.5.3Place
4.5.4Promotion
4.5.5People, process and physical evidence
4.5.6Adapting the marketing mix
Unit 5
5.1.1What is operations management?
5.1.2Business sectors in operations
5.2.1Job, batch and flow production
5.2.2Cellular manufacturing
5.2.3Economies and diseconomies of scale in production
5.2.4Quality management
5.4.1Factors affecting location
5.4.2Outsourcing and offshoring
5.4.3Location decisions and evaluation
5.5.1Break-even concepts
5.5.2Break-even charts
5.5.3Break-even calculations
5.5.4Changes affecting break-even
Unit 6
6.1.1What is a SWOT analysis?
6.1.2Using SWOT for strategic decisions
6.1.3Writing SWOT-based recommendations
6.2.1The Ansoff matrix
6.2.2Applying the Ansoff matrix
6.3.1What is STEEPLE analysis?
6.3.2Applying STEEPLE to business decisions
6.4.1The BCG matrix
6.4.2Constructing and applying the BCG matrix
6.5.1Purpose and structure of a business plan
6.5.2Key components of a business plan
6.6.1What are decision trees?
6.6.2Constructing and calculating decision trees
6.7.1Measures of central tendency
6.7.2Measures of dispersion
6.7.3Using statistics in business decisions
6.8.1What is a circular business model?
6.8.2Sustainability strategies in business
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