Advanced Business provides an opportunity for students to develop a critical understanding of organisations in various contexts - services and manufacturing - from small start ups to large-scale multinationals. It encourages independent learning, analytical thinking and evaluative skills.
What is Business?
The subject centres on the concepts of choice and decision making. Students will consider factors such as objectives, risk, returns, costs, constraints and ethics to decide what to do in any situation.
Types of Decisions:
Students need to understand theory, use models and apply their knowledge to a particular situation. They will look at the internal workings and management of organisations and consider the impact of the external environment upon business, analysing and evaluating differing business activities. Students should have a keen interest in the ever-changing business world, either generally or in a specific function such as marketing or finance.
It is strongly recommended that students hold a grade B in English Language or an essay subject such as History, and a grade B in Mathematics at GCSE, since the subject requires detailed written analysis and numerical reasoning in responses.