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IB Business Management HL 6.1 Business Management Tools Questions

Practise selecting, constructing and applying business tools to case evidence, then interpret their outputs, assumptions and limitations to support strategic recommendations.

Syllabus
First assessment 2024
Course
Business management HL
Level
HL

Exam points

  • apply SWOT and STEEPLE to distinguish internal factors from external opportunities and threats
  • use Ansoff and BCG matrices to classify growth options, portfolio positions, risk and strategic movement
  • build business plans and decision trees, calculate expected values and descriptive statistics, and evaluate limits
  • use force field analysis, Gantt charts and Porter's strategies to assess change, scheduling and advantage
  • construct critical path networks, identify dependencies and critical paths, and calculate total and free float

Covered syllabus points

6.1.1—SWOT analysis6.1.2—Ansoff matrix6.1.3—STEEPLE analysis6.1.4—Boston Consulting Group matrix6.1.5—Business plan6.1.6—Decision trees6.1.7—Descriptive statistics6.1.8—Circular business models6.1.9 (HL)—Force field analysis6.1.10 (HL)—Gantt chart6.1.11 (HL)—Hofstede's cultural dimensions6.1.12 (HL)—Porter's generic strategies6.1.13 (HL)—Contribution6.1.14 (HL)—Critical path analysis6.1.15 (HL)—Simple linear regression

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