Develop your understanding in IB Business Management HL using custom-built flashcards, perfect for quick study sessions on desktop or mobile app.

Introduction to Business Management

This subtopic explores the purpose of businesses as organisations that provide goods or services, examining how they create value, meet customer needs, and aim to generate profit while managing resources effectively.

What is a Business

Definitions

Focuses on the various types of business organizations such as sole traders, partnerships, and corporations.

Types of Business Entities

Foundational concepts of business activity, types of businesses, and the role of entrepreneurs.

Business Objectives

Focuses on the internal and external stakeholders in an organisation 

Stakeholders

Looks at the main functions within a business, such as marketing, operations, finance, and human resources.

Growth and Evolution

Explores the external environment in which businesses operate, including market conditions, economic factors, and regulatory frameworks.

Multinational Companies

Human Resource Management

Comprehension Questions

Diagrams

Covers the processes involved in attracting, selecting, and hiring employees.

Introduction to Human Resource Management 

Focuses on employee training programs and strategies for professional development.

Organisational Structure

Focuses on leadership as inspiration, management as organisation, and how both drive business success through styles, theories, and decision-making.








Leadership and management

Examines different theories and practices for motivating and retaining employees within an organization

Motivation and Demotivation

Systems and methods used to evaluate and improve employee performance.

Organisational Culture

This subtopic explores the methods and importance of effective communication within businesses, focusing on how information is shared to support decision-making and collaboration.

Communication

This subtopic examines the relationship between employers and employees, focusing on conflict resolution, negotiation, and maintaining positive workplace relations.

Industrial/Employee Relations

Finance and Accounts

E2 MCQ

This section covers managing revenue, costs, profit, and cash flow, focusing on budgeting, capital, and liquidity to develop essential financial literacy for business decision-making.

Introduction to Finance

This subtopic covers the calculation and management of costs and revenue, essential for assessing profitability and making informed business decisions.

Costs and Revenue

Details the components and interpretation of financial statements like balance sheets and income statements

Final accounts

This subtopic covers ratios to assess financial performance and solvency, including profit margins and liquidity measures.

Profitability and Liquidity Ratio Analysis

Covers the movement of money in and out of a business, profit and loss. 

Cash Flow

Examines methods for assessing the viability of investments and projects.


Investment Appraisal

Covers techniques for creating budgets and financial forecasts.

Budgets

Marketing

This subtopic explores how marketing identifies and satisfies consumer needs to drive sales, build brand loyalty, and support business growth.

Introduction to Marketing

Examines the stages a product goes through from introduction to decline.

Marketing planning

This subtopic involves predicting future sales based on market trends, historical data, and business strategies to support planning and decision-making.

Sales Forecasting (HL)

Covers methods and techniques for conducting market research.

Market Research

Focuses on the four Ps (Product, Price, Place, Promotion) and their application.

The Seven Ps of the Marketing Mix

Focuses on creating and maintaining brand identity and positioning in the market.

International Marketing

Operations Management

This subtopic focuses on planning, organising, and controlling production processes to efficiently transform resources into goods and services, ensuring quality and meeting customer demand.

Introduction to Operations Management

R2.3 Terminology

Details different methods of production such as batch, flow, and job production.

Operations Methods

This subtopic examines how businesses determine the point where total revenue equals total costs, helping assess profitability and decision-making.

Break Even Analysis

Focuses on techniques and systems for ensuring quality in production while exploring the processes involved in managing the supply chain, including logistics and inventory management.

Production planning

This subtopic focuses on strategies to handle emergencies and develop backup plans to minimise risks, ensuring business continuity during unexpected disruptions.

Crisis Management and Contingency Planning (HL)

This subtopic focuses on creating and improving products, services, and processes to foster innovation and maintain competitive advantage in the market.

Research and Development (HL)

This subtopic focuses on how businesses use data systems to support decision-making, coordination, and operational efficiency.

Management Information Systems (HL)

Business Management Toolkit

Covers quantitative tools used for strategic planning and analysis in business, with a focus on tools for business portfolio management and planning.

Take your HL Business Management preparation to the next level with these expertly designed case studies. Crafted by experienced IB educators, each case study presents real-world business scenarios accompanied by questions of varying difficulty to challenge and refine your understanding. Detailed markschemes identify the key concepts, terminology, and strategies needed to excel, while sample answers offer clear guidance on how to structure high-quality responses.  Organized into themes from the HL syllabus, these case studies are available in full-length versions for deep dives and shorter examples for focused revision. With three levels of difficulty, they are ideal for building confidence and developing the skills required to master Papers 1, 2, and 3. Whether you’re aiming for top marks or striving to strengthen your analytical abilities, these resources are an essential part of your exam preparation.

Real-world case studies for HL Business Management, crafted by IB experts, with questions, markschemes, and sample answers to master Papers 1, 2, and 3. Tailored for all skill levels to build confidence and achieve top marks.

IB Business Management HL
Flashcards

Introduction to Business Management

#1 IB Math Resource

34% Grade Increase

80% of IB Students

More IB Business Management HL Resources

Questionbank

Case Studies

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Flashcards

IB Business Management HLFlashcards

Introduction to Business Management

#1 IB Math Resource

34% Grade Increase

80% of IB Students

More IB Business Management HL Resources

Questionbank

Case Studies

Practice Exams

Past Papers

Flashcards

IB Business Management HL
Flashcards