What is Business Studies?
Business Studies is the study of the business world; how companies are set up, modern business practice and how they deal with their work force. Students will discover a range of ideas from business, finance, the law and ethics. Currently Business is only offered at GCSE.
Unit 1 includes:
- Spotting a business opportunity
- Showing enterprise
- Putting a business idea into practice
- Making the start-up effective
- The economic context.
Unit 3 includes:
- Meeting customer needs
- Effective financial management
- Effective people management
- The wider world effecting business.
Who does Business Studies suit?
As pupils do not cover this subject in Key Stage 3, there is a lot of business vocabulary to learn, so pupils must have an interest in businesses and how they are run. To aid pupils learn these concepts we look at both case studies from text books and local business activities. In order to manage with the literacy demands of the course, students should be able to write extended pieces, and have the ability to evaluate scenarios giving points for and against. Pupils must also have a head for figures as they will be asked to calculate profit, cash-flow and break even points. The ability to communicate effectively with other pupils is very important, especially for group work and presentations.
Methods of assessment:
In Business Studies you will be expected to complete 3 Units.
- Unit 1 is a 45 minute multiple choice exam which is taken in the summer term of year 11. This is worth 25% of your overall GCSE.
- Unit 2 is a controlled assessment which takes place during lessons either in the summer term of year 10 or the winter term of year 11. This is worth 25% of your overall GCSE
- Unit 3 is a 1 hour 30 minute written exam which is taken in the summer term of year 11. This is worth 50% of your overall GCSE.
Key dates of assessments.
Both examinations will take place in the summer term of year 11, the controlled assessment will either be in the summer term of year 10 or the winter term of year 11.
How can parents help?
Encourage pupils to use business language outside of school. For example, discussing customer service when they are shopping. Ensuring that pupils have the correct equipment for lessons and revision such as a revision guide or a calculator is also very important.
Additional textbooks and supporting material.
Revision guides will be available to purchase from the school, these are normally provided at a discounted rate compared to the prices of high streets shops.
How is Business Studies useful for your future?
Business Studies is a subject that helps pupil to think outside of the school environment and expands their horizons, raising aspirations. It aids pupils in learning important skills necessary for entering the world of employment. This subject can be studied at A-Level and Degree level, either on its own or in combination with other subjects.