Choosing Your Company – HL Coursework.

IB  Business. If you don’t choose the right company for your HL Internal Assessment, then this could hamper you from the start. I give my students the following advice:- Select a company that is quite small, ideally between 20 and 75 employees. Choose one in which a family friend or family aquantance works, or one that has a conection with your family.   Do not choose the company  that your parents work for. The company should be in easy travelling distance from your home.  Why this advice? Smaller companies are much easier to navigate around, and to collect primary data from. … Continue reading Choosing Your Company – HL Coursework.

Brazil’s Labour Laws Reformed.

IB Business & IB Economics. For the first time since 1945, as from today, November the 11th, 2017, new labour laws come into force in Brazil. The new laws have been welcomed by the business community, who feel that the laws bring Brazil’s labour market into the 21st century, but many, including  the Trade Unions and the poor, have protested against the changes. In economic language these types of changes are often referred to as ‘ making the labour market more flexible’. In economics it is an example of a ‘ market based supply side policy’ the aim of which … Continue reading Brazil’s Labour Laws Reformed.

Business Internal Assessment (SL) – It’s All In the Secondary Data, Stupid!

I.B. BUSINESS. Unlike the HL internal assessment in IB business, which emphasises collecting primary data,  the emphasis in the SL internal assessment is on collecting secondary data. Primary data is data that you collect yourself, using interviews, surveys, questionnaires etc.  Secondary data is data that someone else has already collected or assembled for you. Examples are business reports, articles in the news media, information on company websites and Annual Reports. For this reason, the SL internal assessment is quicker and easier to do, because you have the data all there at your fingers tips, as it were. Here is the … Continue reading Business Internal Assessment (SL) – It’s All In the Secondary Data, Stupid!

Executive Pay and Donald Trump.

IB BUSINESS & MANAGEMENT AND IB ECONOMICS. From ‘Brexit’, to the election of Donald Trump as US president, a number of recent world events have surprised and shocked many people. Can we link anything on the IB Economics and IB Business & Management syllabuses to these profound changes in politics, society and economics? Can business and economics explain anything about these happenings? Of course it can! Let’s look first at executive pay (Section 2.4 of the Business syllabus, salaries and remuneration) . As Ha-Joon Chang points out in his masterly book “23 Things They Don’t Tell You About Capitalism“, the salaries … Continue reading Executive Pay and Donald Trump.

Brexit – A Revolt Against Globalisation.

IB Economics & IB Business. On Thursday June 23rd the British people voted in a referendum to leave the European Union ( EU). The value of the Pound promptly dropped 10% and stock markets around the word fell. As a British citizen myself who is on holiday in the UK, I thought that it would be apposite to make Brexit the topic of my next blog post.  Brexit is short for a ‘ British exit’ of the EU. So what has Brexit got to do with the IB Economics and IB Business courses? A lot. The topics of ‘ globalization’, … Continue reading Brexit – A Revolt Against Globalisation.

Business Internal Assessment (HL) – The Main Body

Students often don’t know how to begin writing the main body of their business I.A. In order to help them, I give them questions whose objectives are to guide them in the right direction, and to help them to create a ‘scaffold’ around which they can base their research. Only after the students have followed these 5 stages, have collected their data and have written up their findings, do I ask them to format their IA according to the recommended format i.e. Introduction, Methodology, Main Results & Findings, Analysis & Discussion, Conclusion & Recommendations. Stage 1. Graphical portrayal of the … Continue reading Business Internal Assessment (HL) – The Main Body

Business Internal Assessment – The Introduction

Business & Management. The introduction of your business internal assessment (IA) is very important because it is the first thing that your teacher, and any coursework moderators, will read. Is important, therefore, to make a good impression from the beginning. Here is a template that I use to help students write their introduction. The advice that I give is start straight away with the business issue, problem or decision that you are investigating. A common mistake is to start your introduction giving a brief description of the company, it´s history etc. Avoid doing this. Only describe or explain your chosen … Continue reading Business Internal Assessment – The Introduction

Limited Liability – Good or Bad for Society? (Part 2)

Business & Management. He-Joon Chang in his popular book “23 Things They Don´t Tell You About Capitalism” (see my previous post) argues that limited liability, combined with how plc´s have been managed recently, particularly in the Anglo-Saxon world of the USA and the U.K., has been bad for society. He traces the origins of the problem back to 1981 when Jack Welsh, the then CEO of General Electric, coined the term ´maximizing shareholder value´. According to Welsh, this is what companies should do; aim to raise company share prices by increasing profits as much as possible and give as much dividend … Continue reading Limited Liability – Good or Bad for Society? (Part 2)