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If you are interested in Paul Hoang visiting your school to work with teachers and/or students, please contact us.
The NeighborMoodNothing really makes a teacher more proud than seeing his/her students succeed and giving back to the community. I taught Hilary Lok at Sha Tin College, English Schools Foundation, in Hong Kong a number of years ago (she graduated from the IB Diploma Programme in 2015). She works at Dot Dot Fire, and developed the highly popular simulation game The NeighborMood. The game is offered...
Methods of external growth (AO3)External growth (also known as inorganic growth) refers to the expansion and evolution of a business by using third party resources and organizations rather than relying on internal sources and activities. Methods of external growth (or inorganic growth) include:Mergers and acquisitions (M&As) and takeoversJoint venturesStrategic alliances, andFranchising.Mergers...
NotificationA lot of teachers have been asking about the timing of the release of the new syllabus. Please note that following:Final exams for current/outgoing syllabus is November 2023.First exams for new syllabus is May 2024 (for the candidates starting the DP in the 2022/23 academic year).The new syllabus will not be available until Feb/March 2022.IB workshops (upskilling training) will also be...
InThinking resources for distance learningTake a look at these resources from InThinking Business Management to help you and your students during the unprecedented number of school closures across the world.Question bank resourcesStudents can click on any of the links below to access over 1,960 questions from the InThinking Question Bank to review and consolidate their understanding of the contents...
Required format of the HL IA - Research proposal (RP)The research proposal (RP) is the first component of the HL IA. The focus of the RP should be the reason(s) for the investigation (known as the rationale for study), the proposed research methodology, possible difficulties in completing the research, and the order of the tasks/activities and timescale of the HL IA project.The required format for...
Introduction to the HL Internal Assessment"The way to get started is to quit talking and begin doing." - Walt Disney (1901 - 1966)The Higher Level Internal Assessment is an integral part of the HL Business Management course. It requires students to produce a written report about a real and contemporary issue or problem facing an organization, such as falling sales revenues, demotivation...
Unit 1 - Business organization and environmentUnit 1 - Business organization and environmentThis unit of the IB Business Management syllabus provides the introductory context to business management. Unit 1 examines both the internal and external business environments, using a range of business management tools, theories and techniques. These include types of business organizations, organizational...
Final accounts: Profit & loss account (AO2, AO4)Also known as the income statement, the profit & loss account shows a firm’s net profit (or loss) after all production costs have been subtracted from the organization’s revenues, each year. The prescribed IB format for the profit and loss account is shown below:Profit & loss account for (Company name), for the year ended (date)$Sales...
The Business Management Extended EssayThe popularity of Business Management for the Extended Essay is highlighted in the chart above, which illustrates an impressive growth rate of 390.8% over the period shown. Business Management is now the fifth most popular EE subject (after History, English A, Psychology, and Biology).Aims of the Extended EssayThe Extended Essay aims to provide students with...
May 2021 Paper 1 - Multi Marketing (MM)The May 2021 pre-release case study (Multi Marketing) was launched on 2nd February 2021. You can access the document in MyIB (or the Programme Resource Centre). The Paper 1 exam will take place on 30th April 2021.Please also note there are revised timings, marks, and weights for the May 2021 exams. Click the icon below to see these specific details. These changes...
An excellent resource for teachers and students including varied activities, case studies, essay response questions, quizzes and much more. Specific guidance on Internal Assessments, examination techniques and core makes this website stand out further....
As a new or experienced IB business teacher, you can get overwhelmed by the amount of resources online, from other teachers or from your school but nothing can be compared to InThinking BM resources. Everything you need to be successful as a BM teacher...
Paul Hoang, it really is an amazing website! Feeling a bit confident now.
16 Jun Reuben Drake
Tools, theories & techniquesMust you have a mix of quantitive and qualitative research tools for the IA? Or can some projects be just qualitative?
13 Jun Lyle Fredericksen
3.3 Break-even analysis - question bankHi Paul, Q3 there seems to be an error: The answer should be D, $1.25 but it marked my D response wrong. The explanation then has a formatting issue with the decimal in the wrong place for the 2. ($0.25) The formula for contribution per unit...
8 Jun Paul Hoang
Types of trainingThanks for the notification, Kelsey - the video has been taken down, so I have used another one. Thanks again, Paul
8 Jun Kelsey Gibb
Types of trainingVideo is not available, thanks.
6 Jun Paul Hoang
Total revenue & Revenue streamsHi, Damian In the IB world, profit margin is measured using the $ sign, not the % sign. So, profit margin = mark up, rather than GPM. Best wishes
6 Jun Paul Hoang
Tools, theories & techniquesHi, Rania Yes, that is fine to do indeed (and probably more purposeful). Best wishes
6 Jun Paul Hoang
3.4 Final accounts - Question bankHello, Agri I can't see which option contains $225,000 in the questions. Can you please clarify? Thanks Paul
2 Jun Agri Sokoli
3.4 Final accounts - Question bankQ14-answer is 225k but when clicked is given as incorrect.
1 Jun Rania Mostafa
Tools, theories & techniquesCan the student make a partial SWOT analysis. in other words provide for the strengths and weaknesses only if needed?
26 May Damian Werczyński
Total revenue & Revenue streamsMy comment above is about Exam Practice Question 2 - Tokyo Ceramics.
26 May Damian Werczyński
Total revenue & Revenue streamsHello Paul, I think that it is really confusing for students about point b) Profit margin calculations here... I mean that the formula in answers is for contribution per unit (selling price - cost per unit) and profit margin as a term (and...
24 May Paul Hoang
Format of the HL IAHello, Virginie 1. Your DPC has received instructions to this effect. It is clearly stated in Coordinators Notes. Please check with him/her about this if you need further clarification. 2. It is strongly recommended, as stated in the Subject...