All the material from the IB Business Management class, summarized and outlined. For upper-level students, and includes all mid-level content. With these notes I made, I got a 7!
Complete notes for the 2022 IB Business Management course
IB BUSINESS MANAGEMENT Unidad 3 y 4 (finanzas y marketing)
Chapter ONE Business Managm
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Bachillerato
Social science
2
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> Functions of a business
reasons for starting up a
biz , F
-
HR
. ,
the organization
how & factors to consider →
manages personnel of
→
deals w/ workforce planning , training
appraisal ,
. . _
GET CASH 1) write business plan
→
growth elements -
Finance & accounts
organization 's money
Just
→ earnings -
details of business & owners
→
manages
mention produces
into about product deals w/ reporting & recording financial records
→ transfer & inheritance → ,
-
preview of the market
BM 's 4 topics :
challenge final
-
→ accounts
→ autonomy _
finance marketing
→ security -
personnel & the workforce operations .
2) Obtain startup capital
→
deals w/ market research , advertising branding
,
Factors to consider
-
operations
3) obtain business registration into finished goods
→ converts raw materials & components
-
business idea
4) open bank account → in service biz : it would be the process of 9mn 9 the service
sources of finance
-
5) marketing
human resource
>
Business
-
•
enterprise ( who will lead , sectors
organize , manage )
added
. ..
value
suppliers primary sector
.
-
TO
1.1 INTRO
"" creases
-
customers →
extract, harvest and convert natural resources
marketing
•
→ most prevalent in LEDCS
-
legal issues ( patents , legislations -7 .
BUSINESS & MANAGEMENT → has little added value
possible problems -
secondary sector
manufacture / construct
→ the products
•
lack of finance •
legalities →
occurs in countries
cash
-
production problems economically developed
flow problems
-
-
Role of business combine human - Physical & '
Tertiary sector
high Production costs
:
poor location -
create
.
resources to
population
[
financial provides services to
external influences
-
unestablished customer base
goods & services
.
→ dominant in MEDLS
inputs processes → outputs Quaternary sector
.
→
knowledge based activities
involves intellectual ,
Resources needed
→
< thatgenerate & share into
for production process ✓
→
most predominant in MED 's
V
sectoral change
Entrepreneurship vs .
↳ occurs when
developed
1) entrepreneurs Intrapreneurship country become more
reasons :
↳
management organization ,
,
&
planning Entrepreneur Intrapreneur household more money , they can spend on
'
wants
'
→
higher income : as
people have
time / money to do recreational activities
2) Capital - Md who plans , organizes & manages -
act of being an entrepreneur
→ more leisure time : more
firms realize the importance
.
but as an employee within a
→
greater focus on customer service :
↳ all a bus mess
manufactured resources used in the specialists to help them
Production of the other
large org . → increase reliance on support services :
biz use subcontractors &
products lex .
equipment ) -
owners / operators ""
-
employees of the org .
3) land -
takes substantial risk
↳ natural
-
takes medium -
high risks
resources used rewarded w/ profit
the production
-
in •
rewarded WI pay
4) labour Visionary
•
-
innovative
responsibility for the workforce
-
↳
Physical & mental
.
failure absorbed by org
effort of people
.
in me
accountable to the owner
production of
•
goods & services
?⃝
, > For Profit organizations
private us .
public sectors
controlled
)
owned &
- 1) Sole trader -
an
org .
↳ "" " "
izations financed by a single person
"
& controlled by the 90 " access to finance
owned & controlled limited
-
→ made * : +
national org central
UMNLORPOrated
• -
Ind who take
gov appoints managers business owned by 2/-1 .
for profit org
2) partnership
◦ - . -
for the enterprise
their
profit goes & directors to run org .
business :
responsibility
to its owners & →
often funded through legal prolonged decision making
www..mn
no & Vick
-
not 90" tax revenue + set up costs : inexpensive
for profit org between partners
-
conflicts
• -
_
use surplus revenue
over -
local org -
often controlled business
owner &
1- financial strength
division of profits are shared
specialization
-
&
cost to finance their & funded by regional gov .
itself +
objectives Types of
1.2 labour
capital
business that can't raise share
separ tely
3) Private Limited Company
Organizations
-
from the general public They're
-
sold
Not for enterprises ✓ ( Ltd ) to private family members / friends
profit social .
- -
the main
•
business run w/o profit being
goal features more shareholders
= less control
& more
ab " " "
limited "
-
+ have
FOR PROFIT Social enterprises
them that conflict
NGO 's one type of
incorporated É
• _
sector isn't
of people
who
opera,, me private
1) Cooperatives org owned by group
,n
- .
personally required shared
"" ⁿ"" • "" " "
" " ( not the government) business : to pay
any outstanding
-
profits are
meetnieeds & aspirations 1- free from political influence by
90" biz has debts if biz goes bankrupt
operative nasams.ama.easi.anon-m.it . -
" +
role how the
member has equal
on
better decision making
legal entity
•
each as sometimes they +
managed
.
can connic.tw , gov .
is
highlight gov 's mismanagement limit on # of Owners
decision making conditions from their + no
incentive to work
- slow -
often have to work in difficult
+ more owners
limited sources of finance sell their
employees have decision making sector businesses that
-
for
provides voluntary support
+
Charities limited company private
power limited promotional opportunities
4) public
-
◦ _
-
good causes shares stock exchange
+ has public support ( pye)
on a
1- provide funds & support to people in need
to Poor & low as
providers financial services from society
POV communication issues
2) microfinance generate
-
cycle has a positive image
-
poverty selling shares can
+
help stop +
income customers , to
doesn't His large companies
areas that
large amount Of funds
+ covers gov .
limited finance wages ↳ loss of control
to attract best
low cost, accessible
loans difficult
-
+ low wages :
scale
access to economies of public
-
allow income limited eligibility 1- -
final accounts are
to people provide effective support
-
low funds to
liability for shareholders service to customer
-
small bus mess
-
immorality : benefiting + limited -
less personal
+ empower from the poor /unemployed
owners → job creation
_
charity fraud
incentives
1- social well being
-
sector
public sector works private w/
private partnerships
-
3) public service
support provision of public
-
to
+ provides private funding for _
conflict of cultures, especially
otherwise
projects that may not in management
happen _
private business may fail
projects & project & leave
private expertise during
+ means
services are run more efficiently -
private business will look to
project
public interest profit
the make on a
are run in
+
they that 's at the expense of
the
public
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