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Business Management IB Unit 1

This document outlines the key concepts covered in Unit 1 of an IB Business Management course. It includes definitions of important terms and an overview of topics like business organization types, objectives and planning. Specifically, it covers: 1) Definitions of business, consumer and capital goods, and examples of primary, secondary and tertiary sector businesses. It also differentiates between entrepreneurs and intrapreneurs. 2) Differences between public and private sectors, and between sole traders and private limited companies. It also discusses public-private partnerships and for-profit and non-profit social enterprises. 3) The importance of mission and vision statements having SMART objectives, and the definition of corporate social responsibility. It also compares SWOT

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VALENTINA MÓNACO
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477 views2 pages

Business Management IB Unit 1

This document outlines the key concepts covered in Unit 1 of an IB Business Management course. It includes definitions of important terms and an overview of topics like business organization types, objectives and planning. Specifically, it covers: 1) Definitions of business, consumer and capital goods, and examples of primary, secondary and tertiary sector businesses. It also differentiates between entrepreneurs and intrapreneurs. 2) Differences between public and private sectors, and between sole traders and private limited companies. It also discusses public-private partnerships and for-profit and non-profit social enterprises. 3) The importance of mission and vision statements having SMART objectives, and the definition of corporate social responsibility. It also compares SWOT

Uploaded by

VALENTINA MÓNACO
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Card 1: Introduction to Business Management
  • Card 3: Organizational Objectives
  • Card 2: Types of Organization
  • Card 7: Organizational Planning Tools

IB Business Management

Unit I: Business Organisation and Enviroment

Card 1: Introduction to Business Management


 Define:
a. What is a Business.
b. Consumer goods.
c. Capital goods.
 State TWO examples of primary sector businesses, TWO os secondary sector and TWO
of tertiary sector businesses and explain why.
 Differentiate between entrepreneur and intrapreneur
 Explain TWO steps in the process of starting up a business and TWO problems
commonly experienced by new business start-ups.
Card 2: Types of Organisation

 Outline de differences between public and private sector


 State and explain THREE differences between a soletrader and a private limited
Company.
 Explain what is a public-private partnership
 Evaluate for-profit social enterprises and non-profit social enterprises.
Card 3: Organisational Objetives

 Define mission statement and visión statement.


 Describe why obejetives should be SMART.
 Explain what is Corporate Social Responsability.
 Compare and contrast the tools of SWOT ANALYSIS and ANSOFF´S MATRIX.
Card 4: Stakeholders

 Define stakeholder and give three examples.


 Do activity 1.4.2 on page 65
 What do you understand by the term “conflicts between stakeholder´s interests”?
Card 5: External Enviroment

 Define economic growth, recession and Exchange rate.


 Describe Steeple analysis.
 Explain ONE example of how enviromental considerations have affected the strategy of
a business.
 Why should a business consider the political situation in a country that it plans to
expand into.
 Explain ONE problema that a business could experience if it did not accout for different
ethical standars in the countries it operates in.
Card 6: Growth and Evolution

 Define Economies of scale and diseconomies of scale.


 Select and describe TWO economies of scale and only ONE diseconomies of scale.
 Explain the differences of Internal and external growth.
 Taking into consideration the chart on page 96 “type of integrations” select TWO of
them and compare its benefits and limitations.
 Define and state the main characteristics of a joint ventures, strategic alliances and
franchising.
Card 7: Organisational Planning Tools

 Define organisational plannig


 Describe what is a project manager.
 Do activity 1.7.2 exercise 1 on page 111.
 Explain what is a Lewis forcé field analysis and outline ONE advantage and ONE
disadvantage.
 Explain TWO possible benefits and TWO limitations of using a Gantt chart.

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