Students' understanding of company operations in the private and public sectors as well as the significance of transformation and innovation are developed through the IGCSE Business Studies curriculum. Learners get an understanding of the establishment, financing, management, and regulation of the main forms of business organisations. The fundamental values of collaboration and interdependence are also taken into consideration, along with other factors affecting business decision-making.
In addition to learning about business principles and practises, students also develop associated abilities including numeracy and research. The curriculum offers an excellent basis for continued study at the Cambridge International Level-A as well as excellent job-readiness training.
Although it can be taken by students of various ages, the Cambridge IGCSE is the most well-known international qualification for students between the ages of 14 and 16. It is tried, true, and dependable. It is taught in more than 4800 schools across more than 150 countries and offers students a choice of seventy subjects in any combination. Universities and employers recognise the IGCSE Business Studies as evidence of a student's comprehension of business concepts and procedures used in a variety of types of businesses. Students will be capable of:
Additionally, they will develop lifelong abilities like:
What are the aims of IGCSE Business Studies?
The objectives of a course built around this syllabus are described in the Objectives.
The goals are to provide pupils the skills to:
What is the syllabus overview of IGCSE business studies?
Recognizing commercial activity
The aim and nature of business activity, as well as how firms might be classed, are all covered in this section that introduces the fundamental notions and concepts of business. Other crucial concerns include enterprise, entrepreneurs, and the reasons why some businesses expand while others stay small. The last subjects include how company size can be measured, different business organisation kinds, business objectives, and stakeholder objectives.
The operational area of human resources, which covers the significance of and strategies for motivating a workforce, is the main area of attention. It is also taken into account how firms are structured and run, as well as how personnel are hired, chosen, and trained. The importance and strategies for efficient internal and external communication are covered in the section's final paragraph.
This section discusses the function of marketing, the differences between niche & mass markets, and market segmentation strategies. Market research techniques and value are discussed. It is made plain what the four Ps, or the marketing mix, are responsible for most. The final subjects in this part are marketing tactics to sway consumer choices in domestic markets as well as new international markets.
The business function of output is the main topic, along with its definition, modes of operation, and strategies for boosting productivity. Break-even analysis and various production expenses are explored. The importance and strategies for obtaining quality in the techniques of production and business site considerations are discussed in the section's conclusion.
Decisions and facts about money
The need for and supplies of business financing, as well as working capital and cash flow forecasting, are all covered in this section on finance and accounting. Simple income statements, statements of financial condition, and the evaluation of accounts, including the purpose and application of accounts, are all covered.
External factors that affect company activity
This section concentrates on various outside factors that affect business activities and how they affect a business. Contact IBGA for an IGCSE business management tutor!
Governmental implications on economic, environmental, and ethical issues are also covered, along with how they affect the operational facets of businesses. The global economy, particularly globalisation and its implications on governments and enterprises, multinational corporations, and currency exchange are further significant problems.
Legal restraints are an outside factor to take into account, however these factors are discussed in the pertinent functional categories above and in this last part.
Subject Content (Overview)
You have the freedom to create a course that interests, challenges, and engages your students using this syllabus.
You are in charge of choosing themes, subject contexts, resources, and examples as necessary to aid your students' learning. These should be compatible with your school's regulations and regional regulatory requirements, as well as being age-, cultural-, and learning-appropriate for the learners.
Candidates must apply their knowledge to a range of straightforward business settings in each of the following. Candidates must be able to decide simply after analysing and assessing the material given.