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The role of businesses in combining resources to create goods & services22 February 2021

The first section of the IB Business Management syllabus looks at the role of businesses in combining human, physical and financial resources to create goods and services (AO2).A business can be defined... more

1.1 Introduction to business managementfree16 June 2021

Businesses exist to satisfy the needs and wants of their customers by selling goods and services, usually in return for profit. This section of the syllabus considers the main functions of business organizations... more

Business functions & their roles12 June 2021

In order to provide goods and services, businesses carry out a number of functions. In large organizations, there is scope for these functions to be split into departments (or functional areas): more

Unit 1free8 June 2021

This 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... more

Types of for-profit (commercial) organizations14 August 2021

This section of the IB Business Management syllabus covers the following types of for-profit (commercial) organizations:A sole trader (also known as a sole proprietor) is a commercial for-profit business... more

Primary, secondary, tertiary & quaternary sectors25 July 2021

This section of the IB Business Management syllabus looks at the nature of business activity in each sector of the economy and the impact of sectoral change on business activity (AO2).The primary sector... more

The role of entrepreneurship & intrapreneurship18 September 2021

“Three components make an entrepreneur: the person, the idea and the resources to make it happen.” – Anita Roddick, Founder of The Body ShopThis section of the IB Business Management syllabus examines... more

1.2 Types of organizationsfree29 August 2021

This section of the IB Business Management syllabus covers the main types or categories of business organizations, that operate in either the private sectors (such as sole traders, partnerships and limited... more

The private and the public sectorsfree14 August 2021

The private sector of the economy consists of businesses mainly owned and run by private individuals and organizations that usually aim to earn a profit. Examples of private sector businesses, which are... more

1.1 Multiple choice questions13 October 2020

Get students to review their understanding of this topic by taking this MCQ quiz - there are 25 questions in total.Alternatively, or in addition, you can get students to take the dynamic online quiz here. more

Types of for-profit social enterprises14 June 2021

Social enterprises strive to build communitiesA for-profit social enterprise uses commercial business practices in order to achieve social goals, such as improving the environment, building better communities... more

1.1 Introduction to business management - question bank18 October 2020

Test your understanding of this topic in the IB Business Management syllabus by answering these questions. This is a "dynamic quiz", so feel free to revisit this page regularly as the questions are updated... more

1.1 Comprehension questionsfree4 August 2021

Read the text on InThinking Business Management and answer the questions that follow.Please note there are no answers provided on this website for the comprehension questions. The intention is for students... more

1.1 Smart quiz questions14 June 2021

Review your understanding of Unit 1.1 Introduction to business management by taking this smart quiz. You will need to drag and drop the correct terms into the spaces provided in each question. There are... more

Reasons for starting up a business1 July 2021

“There’s no shortage of remarkable ideas, what’s missing is the will to execute them.” – Seth Godin (b.1960), American entrepreneur and best-selling author"Never start a business just to make... more

Resources for IB Business Managementfree5 September 2021

"Can I just start off by saying that you are my idol! Your chapter on marketing in the business management textbook for IB students inspired me to pursue marketing in my future studies... I would really... more

Types of non-profit social enterprises21 May 2021

“We make a living by what we get, but we make a life by what we give.” – Sir Winston Churchill (1874 - 1965), British Prime Minister (1940 - 1945 and 1951 - 1955)Some social enterprises are not... more

Common steps in the process of starting up a business13 October 2020

Common steps in the process of starting up a business or an enterprise (AO2)The typical steps in starting up a business or enterprise include the following:An idea – In order to start an enterprise,... more

The elements of a business plan25 September 2020

The elements of a business plan (AO2)A business plan is an official document with details of an organization and the proposals for reaching its aims and objectives (goals). The business plan is also likely... more

Problems that a new business may face15 August 2021

All businesses face challenges when they are first set up. Even highly successful large multinational companies once struggled. Netflix, for example, was established in 1997, but was not able to earn... more

Vision and mission statements9 September 2021

"If you are working on something exciting that you really care about, you don't have to be pushed. The vision pulls you."Steve Jobs (1955 - 2011), Co-founder and former CEO of AppleA mission statement... more

Aims, objectives, strategies & tactics9 September 2021

The aims of the organization form the basis of its business plan or strategic plan for the future.Aims are general but succinct statements of purpose, such as “to grow our business in Asian markets” more

Ethical objectives & CSR22 July 2021

CSR is about an organization using ethical objectives to commit to behaving in a socially responsible way towards its internal and external stakeholders, not just to shareholders.It is based on the values... more

New syllabus 2022free15 September 2021

Recently, a lot of teachers have been asking about the timing of the release of the new syllabus. Please note the following:Please also keep an eye on this page (Resources for IB Business Management)... more

1.3 Organizational objectivesfree27 April 2021

"All our dreams can come true, if we have the courage to pursue them” - Walt Disney (1901 - 1966)This section of the IB Business Management syllabus examines the objectives of business organizations.... more

SWOT analysis24 January 2021

Sir Richard Branson has proven that business opportunities exist even if they are not initially apparent. He co-founded the Virgin Group in 1970, starting with the Virgin record label, and has since diversified... more

The Ansoff matrix17 May 2021

This section of the IB Business Management syllabus examines the Ansoff matrix for different growth strategies of a given organization (AO3, AO4).The Ansoff matrix is a strategic management tool, used... more

1.2 Types of organizations - Question bank29 October 2020

Test your understanding of this topic in the IB Business Management syllabus by answering these questions. This is a "dynamic quiz", so feel free to revisit this page regularly as the questions are updated... more

STEEPLE analysis of a given organization15 September 2021

Businesses need to consider the external environment in which they operate, in order to make the most effective decisions by minimizing threats and making the most of opportunities. However, most businesses... more

Human resource planning (workforce planning)18 July 2021

Human resource planning is a broad term used to describe the overall management of an organization's workforce. It includes attracting, selecting, training, assessing, rewarding and retaining workers... more

The interests of stakeholders21 July 2021

Internal stakeholders are individuals or groups who are part of the organization. Examples include:Employees are workers within an organization. They have a vested interest in the business organization... more

Nov 2021 (Megamin Mining)14 September 2021

The November 2021 pre-release case study (Megamin Mining) was launched on 3rd August 2021. You can access the document in MyIB (or the Programme Resource Centre). The Paper 1 exam will take place on 25th... more

HL IA3 September 2021

"The way to get started is to quit talking and begin doing." - Walt Disney (1901 - 1966)“Don't count the days, make the days count.” - Muhammad Ali“There are two types of people who never achieve... more

4.1 The role of marketingfree1 May 2021

“People rarely buy what they need. They buy what they want.” – Seth Godin (b.1960), American entrepreneur and best-selling authorMarketing is often described as a management process of identifying,... more

1.2 Smart quiz questions14 June 2021

Review your understanding of Unit 1.1 Introduction to business management by taking this smart quiz. You will need to drag and drop the correct terms into the spaces provided in each question. There are... more

1.2 Comprehension questionsfree4 August 2021

Read the text on InThinking Business Management and answer the questions that follow.Please note there are no answers provided on this website for the comprehension questions. The intention is for students... more

Exam questions - Unit 124 April 2021

textHigher Level topic tracker Standard Level topic tracker Higher Level topic tracker Standard Level topic tracker Higher Level topic trackerStandard Level topic tracker more

Command Terms22 May 2021

It is absolutely crucial that students understand the different command terms used in the IB Business Management syllabus, as each command word in a question indicates the level of skills that is being... more

Unit 4free3 December 2020

Effective marketing is core to the success of all business organizations. Unit 4 of the IB Business Management syllabus examines a wide range of marketing tools, theories, techniques and concepts. more

1.4 Stakeholdersfree27 April 2021

Stakeholders are individuals, organizations or groups with a vested interest in the actions and outcomes of a specific organization. All stakeholder groups are directly affected by the performance of... more

Objectives and change29 December 2020

"Unless you dream, you’re not going to achieve anything.” – Sir Richard Branson (b.1950), Founder of the Virgin GroupThis section of the IB Business Management syllabus looks at the need for organizations... more

Marketing & its relationship with other business functions5 August 2021

“Business has only two functions - marketing and innovation”. - Peter F. Drucker (1909 - 2005), management guruMarketing is the art of determining the goods and services required to meet the needs... more

3.1 Sources of financefree8 May 2021

Finance is necessary for all business, from starting up a new business, to upgrading its capital equipment or to funding its expansion plans. This section of the IB Business Management syllabus introduces... more

Motivation theories26 July 2021

“If you think you can do a thing or think you can’t do a thing, you’re probably right.” - Henry Ford (1863 - 1947), Founder of Ford Motor Company“We work to become, not to acquire.” - Elbert... more

Consequences of a change in any of the STEEPLE factors15 September 2021

This section of the IB Business Management syllabus examines the (positive and negative) consequences of a change in any of the STEEPLE factors for a business’s objectives and its corporate strategy... more

Unit 3free3 December 2020

This section of the IB Business Management syllabus looks at the finances of business organizations.The finance and accounts section of the course examines aspects of financial control (such as cash flow... more

Unit 2free3 December 2020

Human resource management (HRM) is about the personnel of an organization. This topic covers a range of content regarding the people of an organization, such as recruitment, training, motivation and management... more

Productfree16 September 2021

Some marketers argue that product is the most important of the 4Ps - after all, without a product, there is nothing to promote, distribute (place) or price. Consider these quotes about product (in the... more

Glossary: Introduction to business management2 November 2020

Adding valueThe process of producing a particular good or service that is worth more than the cost of the resources used to produce it.BusinessA decision-making organization established to produce goods... more

External sources of finance29 June 2021

"If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has." - John Maynard Keynes (1883 - 1946), described by The Economist as 'Britain's most famous 20th-century economist.' more