The sum of Business is far greater than simply its parts. All young people are stakeholders in society and as each individual enters the world of work, continues onto further education or even chooses to run their own business, all will take up their role in the global community. All will have the right to vote within a few years’ time. Social and environmental issues already affect them, as does the government’s provision of services. Thus, in dealing with these issues, Business is a hugely important, relevant and useful course to young people.
Our focus within Business is upon the role of business enterprise and entrepreneurship, and the dynamic nature of business. Students need to be aware of the impact business in the real world has on the four functional areas of business:
- Business operations
- Human resources
Students apply their knowledge and understanding to different business contexts ranging from small enterprises to large multinationals and businesses operating in local, national and global contexts. Students develop an understanding of how these contexts impact on business behaviour. Students will apply their knowledge and understanding to business decision making including:
- the interdependent nature of business activity, influences on business, business operations, finance, marketing and human resources, and how these interdependencies underpin business decision making
- how different business contexts affect business decisions
- the use and limitation of quantitative and qualitative data in making business decisions
As well as the core aspects, Business helps to develop many important skills, such as numeracy, literacy, ICT, problem solving, information collecting, as well as analytical, evaluative and social skills. Students partake in a considerable amount of group study, practical activities and project work.
Business Studies Key Stage 4
Students who choose to study Business Studies at Key Stage 4 will follow the NCFE Level 1/2 Tech Award in Business and Enterprise course.
The areas covered in the course include:
- Component 1: Starting a business or enterprise Aims and Objectives Business Stakeholders Entrepreneurial Skills Legal Structures
- Component 2: Market Research and Analysis
- Component 3: People, Operations and Recruitment
- Component 4: Finance for business and enterprise
- Component 5: Produce a Business plan for a business or enterprise
- Component 6: Evaluate a business plan
Work carried out will prepare students for progression to employment or further training in the business sector. It will also increase students’ knowledge and understanding of all areas of business through investigation, analysis and evaluation of a range of business activities, functions and processes.
The types of tasks that students will complete include:
- Studying real businesses
- Carrying out research outside the classroom, working both in groups and individually to prepare projects
- Using computers to find out information and help produce their work
- Planning, organising and evaluating their own business enterprise
The course is assessed through:
- Controlled Assessment
50% of the course is assessed through controlled assessment tasks focussing on all 6 components. Each component contains at least 2 assignments.
50% of the course is assessed in the form of one examination; a written paper (revising the content delivered for the controlled assessment task) lasting 2 hours. This examination can be resat once.
The Business Studies course equips students with skills that employers are looking for – this could be within retail, travel, administration, in fact anywhere!
Business Studies Key Stage 5
Students who choose to study Business Studies at Key Stage 5 follow the AQA Business Studies A level course.
The A level in Business Studies is taught and managed by a lead practitioner and Herts County subject specialist, with many contacts from the businees world who often visit the school as guest speakers.
The following units of study are covered within the courses:
- Year 12
- Managers, leadership and decision making
- Decision making to improve performance – operational , financial and human
- Year 13
- Analysing the strategic position of a business
- Strategic methods
There are 3 written examinations taken at the end of the 2 year course, worth a third each of the final grade. Regular examination practice takes place throughout the course.
Studying Business Studies will give you the skills to be able to run your own business or develop the skills you will need to work in advertising, marketing, human resources, accountancy or the legal profession. The course also provides a pathway to studying Business at University.