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If you are interested in starting up your own business in the future or working in a business, then Business Management would be a good subject for you. You will learn how small, medium and large businesses operate and what is necessary for them to function efficiently and effectively. If you are thinking of studying a Business degree then this subject would be useful as it is often a compulsory unit in the first year, so this will give you a good background knowledge.
Unit 1: Planning a business
Focus:
Could you spot a business opportunity (who has spotted an opportunity and what skills have made them successful)? Could you take a business idea and plan how to make it a reality? Do you understand the world of business, its language, the environments in which business operates, essentially do you understand how business works? This unit allows you to apply business management knowledge to real and/or simulated business situations.
Assessment Tasks:
Case studies. Reports about business. Participation in real/ simulated business activities. Media analysis
Unit 2: Establishing a business
Focus:
This unit focuses on the establishment phase of a business’s life such as legal requirements, making decisions about how best to establish a system of financial record keeping, staffing the business and establishing a customer base. You will investigate effective marketing and consider the best way to meet the needs of the business in terms of staffing and financial record keeping. Also, analysing various management practices by applying this knowledge to contemporary business case studies.
Assessment Tasks:
Case studies. Reports about business. Participation in real/ simulated business activities. Media analysis.
Unit 3: Managing a business
Focus:
In this unit students explore the key processes and issues concerned with managing a business efficiently and effectively to achieve the business objectives. Students examine the different types of businesses and their respective objectives. They consider corporate culture, management styles, management skills and the relationship between each of these. Students investigate strategies to manage both staff and business operations to meet objectives. Students develop an understanding of the complexity and challenge of managing businesses and through the use of contemporary business case studies from the past four years have the opportunity to compare theoretical perspectives with current practice.
Assessment Tasks:
Case studies, structured questions, test, media analysis.
Unit 4: Transforming a business
Focus:
Businesses are under constant pressure to adapt and change to meet their objectives. In this unit students consider the importance of reviewing key performance indicators to determine current performance and the strategic management necessary to position a business for the future. Students study a theoretical model to undertake change, and consider a variety of strategies to manage change in the most efficient and effective way to improve business performance. They investigate the importance of leadership in change management. Using a contemporary business case study from the past four years, students evaluate business practice against theory.
Assessment Tasks:
Case studies, test, structured questions, media analysis
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