- To prepare students for everyday life outside of the classroom in terms of being able to manage their personal finances successfully.
- Students are introduced to recruitment and selection such as applying for jobs, creating a CV and answering interview questions. This is done to ensure students can confidently apply for jobs in the future and are able to compete in the competitive world of employment.
- To give students work related/employability skills and the confidence to be able to choose a career path that suits them. This may be to become self-employed or to be an employee.
- To develop students’ knowledge of their legal rights in life such as their consumer rights when buying goods now and in the future.
- Establish an ethos of high expectations, aspirations and to develop a strong work ethic.
- Ensure that students make outstanding progress in Business regardless of their starting points.
- Through educational visits, enable students to see business activities in a real life context.
1.1 Enterprise and Entrepreneurship:
Students are introduced to the dynamic nature of business in relation to how and why business ideas come about. They also explore the impact of risk and reward on business activity and the role of entrepreneurship.
|1.2 Spotting a Business Opportunity: Students will explore how new and small businesses identify opportunities through understanding customer needs and how they then go on to develop the marketing mix.||
1.3 Putting a Business into Practice: Students will focus on how to make a business idea happen through identifying aims and objectives and concentrating on the financial aspects. Students will focus on financial factors and calculations, including cashflow and breakeven
1.4 Making the business effective:
Students will consider how location and the development of a business plan can impact on the success of a business.
1.5 Understanding external influences on business: Students are introduced to a range of factors, many of which are outside of the immediate control of the business, such as stakeholders, technology, legislation and the economy.
2.1 Growing the business: Students will learn how businesses can grow, organically, inorganically and will gain an understanding of globalisation, imports, exports and tariffs.
2.1 Growing the business continues - Globalisation & Business Ethics:
Students will learn about ethics and possible trade-offs between ethics and profit. They will also consider business and the environment.
2.3 Making operational decisions - suppliers, quality and the sales process:
2.3 Making operational decisions - suppliers, quality and the sales process - continued
2.4 Making Financial Decisions
Students will develop an understanding of the calculations used by businesses to help them make financial decisions.
2.2 Making Marketing decisions:
Students will explore how each element of the marketing mix is managed and used to inform and make marketing decisions in a competitive marketplace.
2.5 Making human resource decisions:
Students will look at the role of ‘people’ within business – from how organisations are structured through to effective recruitment, training and motivation.
Revision and exam technique:
Final examination preparation informed by assessment data
Students will consider key content and exam technique to prepare for the final examinations.
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Medium Term Plans
Half Term 1: Enterprise and Entrepreneurship | Half Term 2: Spotting a Business Opportunity | Half Term 3: Putting a Business into Practice | Half Term 4: Making the business effective | Half Term 5: Understanding external influences on business | Half Term 6: Growing the business
Business Studies SMSC Statement
In GCSE Business, SMSC and British Values are promoted as an integral part of the subject. The subject naturally provides students with a sense of enjoyment and fascination in learning about the world around them. As an example, it does this by providing an insight into where the money we spend comes from, why we buy the products and brands we do and where they come from. In addition, students are regularly faced with scenarios that involve them thinking through sequences of events as if they were the Chancellor of the Exchequer or the Governor of the Bank of England, making decisions about interest rates and then thinking through the impact of these decisions on the rate of inflation and unemployment. Students also develop their creative skills when applying their understanding of maths to resolving financial problems for example calculating the break-even point and modelling the impact of changes on this.
There is a strong theme of globalisation running through the subject, showing students how all countries and their populations are dependent on each other. This helps them to recognise the importance of those in other countries to our own economy, as well as recognising and accepting cultural differences, for example how the same product will be marketed in different ways in different countries as a result of some of these differences. What is acceptable in the UK might be perceived as disrespectful in Japan. Students are also encouraged to consider how our wealth might be created at the expense of the conditions in which others live and work in many low income countries. They are challenged to consider whether this is ethical or morally right, what they can do as consumers to tackle this and what the implications could be for our own economy in doing so.
Business Studies also helps to develop a firm grasp of British Values, particularly democracy and the rule of law. Students learn about legislation that affects businesses and employees, for example laws governing health and safety and the fair treatment of employees. Whilst not part of the GCSE specification, time is spent developing an understanding of the role played by Government and Parliament in legislation. As well as an understanding of legislation, students develop a knowledge of taxation, what this is, who pays it and what it is spent on. Again, whilst not part of the specification, time is spent considering some of the ethical and moral dilemmas associated with taxation and, whilst remaining politically neutral, the stance taken by Governments on this topic. The implication for businesses and individuals not following legislation or evading taxation are also considered as part of the contribution to developing the ‘moral’ aspects of SMSC. Students are challenged to consider the difference between criminal behaviour and behaviour that is unethical, for example the difference between tax evasion and tax avoidance and whether the latter, usually involving large multinational corporations, is acceptable.
Students often work together in GCSE Business, exchanging ideas and respectfully challenging the opinions of others. This involves students developing a range of social skills and working with those from different backgrounds, often outside of their normal friendship group. This provides good preparation for life in the work place and modern Britain.