IB Docs (2) Team
Unit 1 - Intro to BM
The first 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 (both for-profit and non-profit), organizational objectives, stakeholders, growth and evolution (both internal and external growth options), as well as the role of multinational companies.
The recommended teaching hours from the IB for Unit 1 of the Business Management syllabus are as follows:
- SL = 20 hours
- HL = 20 hours
The IB Business Management syllabus content for Unit 1 is outlined below. There are six topics in Unit 1: Introduction to Business Management.
Please note that there is no "HL only" content in Unit 1 of the syllabus.
Introduction to Business Management and conceptual understandings (from the guide):
Change is essential for businesses to achieve their desired aims
Creative business planning can lead to organizational success
Ethical business behaviour improves a business’ image as well as customer loyalty
Sustainable business practices can enhance a business’ existence.
Unit 1.1 - What is a business?
This section of the syllabus covers the following assessment objectives:
The nature of business (AO1)
- Entrepreneurship (AO2)*
Challenges and opportunities for starting up a business (AO2)
* This topic does not appear in the syllabus released in February 2022, but has been included in the revised version published in May 2022.
Unit 1.2 - Types of business entities
This section of the syllabus covers the following assessment objectives:
Distinction between the private and the public sectors (AO2)
The main features of the following types of organizations: (i) sole traders, (ii) partnerships, (iii) privately held companies, and (iv) publicly held companies (AO3)
The main features of the following types of for-profit social enterprises: (i) private sector companies, (ii) public sector companies, and (iii) cooperatives (AO3)
The main features of the following type of non-profit social enterprise: non-governmental organizations (NGOs) (AO3)
Unit 1.3 - Business objectives
This section of the syllabus covers the following assessment objectives:
Common business objectives, including: (i) growth, (ii) profit, (iii) protecting shareholder value, and (iv) ethical objectives (AO2)
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This section of the syllabus covers the following assessment objectives:
Internal stakeholders (AO2)
External stakeholders (AO2)
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Unit 1.5 - Growth and evolution
This section of the syllabus covers the following assessment objectives:
(i) Mergers and acquisitions (M&As)
(ii) Takeovers
(iii) Joint ventures
(iv) Strategic alliances, and
(v) Franchising.
Unit 1.6 - Multinational companies (MNCs)
This section of the syllabus covers the following assessment objective:
Selected Pages
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