What is business studies?
Business Studies is a field of studies that deals with the principles of business, management, and economics.
Business Studies combines elements of accountancy, finance, marketing, organisational studies, human resource management, and operations. Business Studies is a broad subject where the range of topics is designed to give the student a general overview of the various elements of running a business.
The importance of business studies
Business studies is an important field of study that provides students with a comprehensive understanding of how businesses operate, how they are managed, and how they contribute to the economy. Some of the key reasons why business studies is important include:
1. Economic development: Businesses play a vital role in economic development by creating jobs, generating wealth, and driving innovation. Business…
Why should one study business studies
There are several reasons why one should consider studying Business Studies:
1. Versatility: Business Studies is a versatile field of study that can lead to a wide range of careers in various industries. Graduates of Business Studies programs can find opportunities in fields such as finance, marketing, accounting, management,…
During the course of Business Studies learners would develop and/or acquire the following skills:
- Thinking skills
- IT skills
- Presentation skills
- Speaking skills
- Discussion and argumentative skills
- Financial skills
- Decision-making skills
- Financial literacy skills
- Investigation skills
- Analysis skills
- Reporting skills
- Writing coherently
- Report writing
- Basic numerical competence
- Use of good English: comprehension and speaking
- Eager to acquire new knowledge
- Ready to face new challenges
Possible careers to business studies
- Public Policy
- Stock Broker
- Financial Planner
- Further studies in Business Education
- Teacher of Business Studies
Business Studies is not a subject which is restricted to business organisations only. The knowledge acquired from studying Business Studies is relevant to all forms of organisations: authorities, government departments, and voluntary organisations.
COURSEWORK MODES throughout the 3 year course
The coursework should be carried out using any of the following modes:
Case study investigation report
A case-study investigation report consists of a detailed study of a business situation. A case study investigation should consist of a piece of extended writing to assess students’ understanding of business concepts and skills as they apply to one or more assessment criteria from a specific learning outcome. Students are required to use secondary sources and select relevant, accurate information and data to analyse how a business or organisation benefited by implementing the preferred business strategy or solution. The case study should detail the business objectives, technical and business problems or challenges, the implemented solution, and the ways the solution benefited the business. Preferably, case studies should be recent, selecting events that students remember or that occurred within their lifetime. Students are to illustrate their work with analytical writings and/or graphical representation of information collected. Findings can be presented in a range of texts, such as illustrated essays, letters and newspaper articles. Each research must include bibliographical references to sources (e.g. books, articles and websites).
Site visit report
Reports must be compiled by individual candidates and based on the experience gained during the visit organised by the school, directly related to one of the outcomes as indicated in this learning programme. Planning is key to hosting a successful site visit. Teachers are to discuss with students the purpose of the site visit, how it relates to the learning programme, data-gathering and asking pertinent questions on-site. A business dimension must be added to the visit. The teachers must prepare related worksheets to be completed by students during the visit.
The student must design a research proposal by identifying and developing a research problem relevant to one of the learning outcomes chosen for coursework. The research will involve a literature review (desk research), field research, data analysis, the drawing of conclusions, a glossary of terms and a bibliography.
Students are expected to present their responses to the assessment criteria chosen from the selected learning outcome. Students must present their work and findings in a presentation including a spoken and a written explanation in response to the presentation theme set out by the teacher, chosen from the assessment criteria. Students should use a visual presentation to present their ideas, supplemented with text, images, diagrams and possibly video clips. Given the nature of the earmarked learning outcomes, the inclusion of graphs and statistical data, when necessary, is required. Students are expected to present their findings in a clear and coherent form. Students will be credited for accurate use of business terminology and clarity of arguments.