Business Studies

Course summary

What is Business Studies? Business Studies encompasses topics and issues that are relevant in today’s society. For example, is Nokia a true rival to Apple? What was the impact of the failing Monarch Airline? Why were Royal Mail’s share prices so high? Students will learn about marketing, globalisation, finance and leadership. Students will develop the knowledge and skills needed to analyse data, think critically about issues and make informed decisions – all skills that are needed for further study and employment. Where can Business Studies lead me? Business provides a solid foundation for studies at a higher level in the following areas: Business Management or Administration, Accountancy and Finance, HRM, Marketing, Retail or Tourism Management or International Business. An understanding of Business concepts will enable students to gain a future management position in the commercial world. Structure of the Course The exam board is Edexcel. The subject content of the specification is spread across three question papers: Theme 1: Marketing and People Meeting customer needs; marketing mix; managing people; entrepreneurs and leaders. Theme 2: Managing Business Activities Finance; resource management; external influences. Theme 3: Business Decisions and Strategy Business objectives; growth; decision making; managing change. Theme 4: Global Business Globalisation and global markets and industries.