Limited Liability – Good or Bad for Society? (Part 1)

IB Business & Management. On the IB Business course we learn that businesses maximizing their profits is generally a good thing, that the concepts of limited liability and company legal structures such as the public limited company (plc)  are positive, useful things for society, and that a good business manager should consider the long term interests of all the stakeholders in the business. However, is the concept of limited liability really good for society, are plc’s and the way they are run nowadays positive for society, and do business managers really take into consideration the long term interests of all the … Continue reading Limited Liability – Good or Bad for Society? (Part 1)

IB Business Coursework – The Research Question

IB Business & Management. The Coursework Research Question – The Importance of ‘Focus’. One of the first things that you will have to do when starting your business coursework is to choose a good, well focused research question (r.q.) . If you choose an inappropriate or unfocused r.q., you will be handicapped from the beginning. The word count for the HL coursework is only 2000 words (excluding the Research Question and Research Proposal) and for SL it is only 1500 ( for more general  information on the business coursework see this page of my blog). These word counts are short, and … Continue reading IB Business Coursework – The Research Question

The Course Key Concepts – IB Business & Management

IB Business & Management. The Key Concepts – The New Syllabus for Examinations Starting In May 2016.  The teaching of the new syllabus should be based around three elements; the course content (the syllabus), contexts (the companies that you study throughout the course, whether they be related to your Internal Assessment, an Extended Essay, case studies that you have done in class, a company that you are familiar with) and the key concepts. See the following diagram: – Course Key Concepts *  Change  A famous adage in business is that if a business does not adapt to the changing external … Continue reading The Course Key Concepts – IB Business & Management