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.
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.
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)
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
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