The subject Business Studies deals with the knowledge, skills, attitudes and values critical for informed, productive, ethical and responsible participation in the formal and informal economic sectors. The subject encompasses business principles, theory and practice that underpin the development of entrepreneurial initiatives, sustainable enterprises and economic growth.
Business Studies will ensure that learners:
Acquire and apply essential business knowledge, skills and principles to productively and profitably conduct business in changing business environments
Create business opportunities, creatively solve problems and take risks, respecting the rights of others and environmental sustainability
Apply basic leadership and management skills and principles while working with others to accomplish business goals
Are motivated, self-directed, reflective lifelong learners who responsibly manage themselves and their activities while working towards business goals
Are committed to developing themselves and others through business opportunities and ventures
Are able to secure formal employment, and are in a position to pursue sustainable entrepreneurial and self employment career pathways
Term 1:
Micro environment
Market environment
Macro environment
Interrelationship between environments
Business sectors
Term 2:
Contemporary socioeconomic issues
Social responsibility
Entrepreneurship qualities
Forms of ownership
Term 3:
Creative thinking and problem solving
Business opportunity
Business location
Contracts Presentation of Business Information
Business Plan
Term 4:
Self-management
Relationship and team performance
Term 1:
Influences on and control factors influencing business environments
Challenges in business environments
Adapting to challenges in business environments
Impact and challenges of contemporary socioeconomic issues on business operations
Business sectors
Benefits of a company versus other forms of ownership
Avenues of acquiring a business
Term 2:
Creative thinking and problem solving
Stress, crisis and change management
Transform a business plan into an action plan
Starting a business venture based on an action plan
Professionalism and ethics
Presentation of Business Information
Term 3:
Assessment of entrepreneurial qualities in business
Citizenship roles and responsibilities
Marketing activities, marketing in the formal and informal sectors
Use of technology for marketing
Imports and exports
Foreign marketing
The alignment of foreign marketing and the production function
Production function
Term 4:
Team Stages, dynamics theories and conflict management
Introduction to the Human Resources function
Term 1:
Impact of recent legislation on business - response to demands for redress and equity
Human Resources function
Professionalism and ethics
Creative thinking
Devise strategies to enable a business to respond to the challenges of the macro business environment
Term 2:
Corporate social responsibility
Human Rights, inclusivity and environmental issues
Team performance assessment and Conflict management
Business sectors and their environments
Management and leadership
Quality of performance within business functions
Term 3:
Investment: Securities
Investment: Insurance
Forms of ownership and their impact on the business operation
Presentation of information and data response
Revision and preparation for mid-year examination
Term 4:
Revision