Unit 1 Introduction to business management

1.1 What is a business?

1.2 Types of business entities

1.3 Business objectives

1.4 Stakeholders

1.5 Growth and evolution

1.6 Multinational companies (MNCs)

Unit 2 Human resource management

2.1 Introduction to human resource management

2.2 Organizational structure

2.3 Leadership and management

2.4 Motivation and demotivation

2.5 Organizational (corporate) culture

2.6 Communication

2.7 Industrial/employee relations

Unit 3 Finance and accounts

3.1 Introduction to finance

3.2 Sources of finance

3.3 Costs and revenues

3.4 Final accounts

3.5 Profitability and liquidity ratio analysis

3.6 Efficiency ratio analysis

3.7 Cash flow

3.8 Investment appraisal

3.9 Budgets

Unit 4 Marketing

4.1 Introduction to marketing

4.2 Marketing planning

4.3 Sales forecasting

4.4 Market research

4.5 The seven Ps of the marketing mix

4.6 International marketing

Unit 5 Operations management

5.1 Introduction to operations management

5.2 Operations methods

5.3 Lean production and quality management

5.4 Location

5.5 Break-even analysis

5.6 Production planning

5.6.1 (HL)—Supply chain process

5.6.2 (HL)—JIT and JIC

5.6.3 (HL)—Stock control charts

5.6.4 (HL)—Operations productivity and capacity measures

5.6.5 (HL)—Make or buy decisions

5.7 Crisis management and contingency planning

5.8 Research and development

5.9 Management information systems

Unit 6 Business management toolkit

6.1 Business management tools

IB Business Management HL 5.6.2 (HL)—JIT and JIC Question Bank

• Evaluate difference between just-in-time (JIT) and just-in-case (JIC)

• JIT minimizes stock; JIC holds buffer stock to reduce supply risk

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