Business Studies

285A7491

Contact

Head of Social Science Faculty

Mrs J Edge    

jedge@lymmhigh.org.uk

Head of Business Studies  

Mrs K Hill      

khill@lymmhigh.org.uk

Business studies is a dynamic subject which prepares you for the challenges of the 21st Century by introducing you to the world of business. It emphasises the ever-changing character of business, the diverse nature of business enterprise and the interdependence of the various parts of the business world.

Although an academic subject, business studies is practical, applied and exciting.  It equips you with many life skills such as communication, problem solving, time management, team work and decision making.  Whether your aim is to pursue an academic career, train for a profession or become an entrepreneur the necessary knowledge and skills will be provided & remember that no matter what job or career you follow in the future, you will always work for a business in some form.

You can find more information on our business subjects by clicking on the links below.

Overview

Theme 1 concentrates on the key business concepts, issues and skills involved in starting and running a small business. It provides a framework for students to explore core concepts through the lens of an entrepreneur setting up a business. In this theme, students will be introduced to local and national business contexts and will develop an understanding of how these contexts impact business behaviour and decisions. Local contexts refer specifically to small businesses or those operating in a single UK location and national contexts relate to businesses operating in more than one location or across the UK.

Students must develop an understanding of the interdependent nature of business activity through interactions between business operations, finance, marketing and human resources, as well as the relationship between the business and the environment in which it operates. Students must understand how these inter-dependencies and relationships underpin business decisions.

Theme 2 examines how a business develops beyond the start-up phase. It focuses on the key business concepts, issues and decisions used to grow a business, with emphasis on aspects of marketing, operations, finance and human resources. Theme 2 also considers the impact of the wider world on the decisions a business makes as it grows. In this theme, students will be introduced to national and global business contexts and will develop an understanding of how these contexts impact business behaviour and decisions. National contexts build on those in Theme 1 and relate to businesses operating in more than one location or across the UK. Global contexts relate to non-UK or transnational businesses.

Students must develop an understanding of the interdependent nature of business activity through interactions between business operations, finance, marketing and human resources, as well as the relationship between the business and the environment in which it operates. Students must understand how these functional areas influence business activity and how inter-dependencies and relationships between them underpin business decisions.

Theme 1: Investigating Small Business

  • Topic 1.1 Enterprise and entrepreneurship
  • Topic 1.2 Spotting a business opportunity
  • Topic 1.3 Putting a business idea into practice
  • Topic 1.4 Making the business effective
  • Topic 1.5 Understanding external influences on business

Theme 2: Building a Business

  • Topic 2.1 Growing the business
  • Topic 2.2 Making marketing decisions
  • Topic 2.3 Making operational decisions
  • Topic 2.4 Making financial decisions
  • Topic 2.5 Making human resource decisions

Knowledge Organiser

Future Pathways

Qualifications: A level & BTEC business, A level economics.

Possible Careers: Accountancy, law, marketing, sports management or the leisure and tourism industry, teaching.

5 ways I can help my son/daughter

1

Talk to your child about what they have been studying in school. Ask them to explain key concepts to you. Their GCSE business book has lots of information that you could use to guide you. A level students have notes and should be developing their glossary.

2

Debate topical issues about business & the wider economy, demonstrating a balanced argument.

3

Watch the news and read news articles about business and the wider economy with your child asking them questions that check they have understood the report and ask them to give their opinions.

5

Talk to them about their progress and attainment.