Business
Vision
The Business Education Department aims to create an environment that is dynamic in terms of its delivery of subject material, stimulating and create a practical awareness of events and issues within the global business. We embrace the use of real-life examples in engaging our students and ensuring they achieve their potential. Through the use of these examples, students will develop their own business sense and apply their knowledge to real scenarios. We ensure our Business Curriculum is current, engaging and balanced for all of our student’s needs. We aim to prepare students for the world of work, regardless of which industry they enter. Our department endeavour to tailor our studies to the ever changing local and national economy.
Year 10
Overview/core aims for the year:
In the first year of business, we want students to be able to gain a good understanding of how businesses are run, including an in-depth look at each aspect of business. Students will look into real life examples featuring existing businesses and apply their knowledge to these scenarios.
Core knowledge to be learnt in Year 10:
Business activity and Finance
- The role of business enterprise and entrepreneurship
- Revenue, costs, profit and loss
- Business planning
- Break even
- Business ownership
- Business aims and objectives Stakeholders in business
- Cash flow
- Business growth
People
- The role of human resources
- Organisational structures (interdependence) and different ways of working
- Communication in business
- Recruitment and selection
- Motivation and retention
- Training and development
- Employment law
Marketing
- The role of marketing (interdependence)
- Market research
- Market segmentation
- The marketing mix
Year 11
Overview/core aims for the year:
In the final year of the course students build on the understanding they gained in the first year. Students will debate the ethical and financial concepts and apply them to real world scenarios.
Core knowledge to be learnt in Year 11:
Operations (interdependence)
- Revenue, costs, profit and loss
- Production processes
- Quality of goods and services
- The sales process and customer service
- Consumer law
- Business location
- Working with suppliers
Finance (interdependence)
- The role of the finance function (interdependence)
- Sources of finance
- Revenue, costs, profit and loss
- Break-even
- Cash and cash flow
Interdependence and influence (interdependence)
- Ethical and environmental considerations
- The economic climate
- Globalisation
- Functions/risk and reward
- Financial performance