Business

Introduction to the department

Business Studies is taught at Key Stages 4 and 5. It is a popular optional subject and has relevance to everyday life. We aim to help students prepare for the world of work including setting up your own business. We currently offer it as a BTEC at key stage 4 and Cambridge Technical at Key Stage 5.It covers a number of topics including:

  • Marketing
  • Accounts and Finance
  • Recruitment and Selection
  • Customer Services

Students in Year 11 have the opportunity to take an extra qualification in Personal Finance covering such topics as:

  • Where is the best place to put my savings?
  • How can I avoid getting into debt?
  • How much money will I receive in foreign currency if I exchange my Pounds?

Name

Years/topics taught/keen interest in {subject related}

Mr R Homes

Head of Department

Mrs L Cherry

Business Teacher

Mrs P Patel

Business Teacher

Key Stage 4 curriculum offering

Gaining this qualification provides an excellent insight into the world of work as well as providing a sound base for students who wish to continue studying the subject beyond Key Stage 4.

There are 2 Compulsory Units:

Unit 1: Enterprise in the Business World
This unit covers types of business ownership, sources of finance, aims and objectives, and different stakeholders.

Unit 2: Finance for Business
This unit includes topics like different types of costs a business faces and how profits are calculated. Students also learn about cash-flow forecasting.

There is also a choice of optional units.

ASSESSMENT:

Unit 2 is assessed using an on-line exam whilst all the other units are assessed by means of a piece of coursework.

All units involve an investigation into local businesses and include visits and speakers from the world of work. This year students have visited The Bank of England in London, the Jaguar plant at Castle Bromwich and Cadburys in Bourneville.

Units

Topic/themes covered

1

Enterprise in the Business World – business ownership, aims and objectives, stakeholders

2

Finance For Business – profit and loss, balance sheets, cash-flow, break-even, sources of finance

3

Principles of Customer Service – types of customer service, laws and regulations, role play

4

Recruitment, Selection and Employment – CV, application forms, job description and person specifications, interviews

Post 16 curriculum offering

The Department offers a one year Cambridge Technical level 2 qualification. Students need to pass 3 units. All units are assessed through a piece of coursework. The units studied are:

• The Marketing Plan
• Verbal and Non-verbal Communication in Business Contexts
• Business communication Through Documentation

In addition, we also offer a two year Cambridge Technical Level 3 qualification equivalent to one A Level starting in September 2016. Students study 5 units over 2 years and have to take one exam in each year. The other 3 units are assessed by means of a piece of coursework and moderated by the exam board. In the first year students will take a 2 hour exam in The Business Environment covering types of business, ownership, aims and objectives, business finance. They also study a unit in Marketing and Market Research looking at types of market research and carrying out their own research for a product of their choice.

Units

Topic/themes covered

1

The Business Environment – business types, ownership, aims and objectives, organisational structures, use of financial information, stakeholders, external influences on business, business planning, business performance

2

Marketing and Market Research – types of market research, analysing research results, constraints on marketing, presenting market research results

Extra-curricular offering from dept/faculty – Intervention to support

The department offer a variety of trips including a visit to the Houses of Parliament and London Eye, Cadbury World and Jaguar Castle Bromwich. In addition we have a range of speakers from industry including Decathlon, Primark, Age UK and Exquisitely Vintage. This offers students first- hand knowledge of the world of work.

We also offer a personal finance course at level 2 for Year 11 and the one-year Year 12 students. Some of our Year 10 students also took part in an Enterprise challenge called “Tenner” where they were given £10 and had to make as much money as they could in one month. Our students made a profit of £49 doing a cake sale and raffle and decided to donate the money to Great Ormond Street Hospital.