Subject: Business Studies
Subject Description:
Business Studies looks at the daily decisions business owners face daily, from an entrepreneur finding a business idea to established businesses facing challenges from external forces.
The subject also focuses on developing the skills business owners should have to evolve and reinvent the business to maintain a competitive advantage regularly.
Value of Business Studies as subject:
The Department of Education originally designed the subject to create entrepreneurs. The basic skills acquired allow students to start a business after school.
My motto is always: "I do not teach you to become the employee but the employer."
You are free to have an opinion in this classroom as long as you can convince me with facts why it is a valid opinion. However, the skills also provide insight into everyday choices and problems faced in life as an adult, exposure to investment, insurance, and the rights of the employee. These are all valuable tools for any future career choice.
Skills/Content Carried over from Grade 10-12:
• Memorising and recalling facts • Integrating different sections of the syllabus • The IEB sets a theme for Business Studies every two years and students need to solve problems relating to a specific business or industry which requires practical application of theoretical concepts • Ability to look at current affairs and understand the effects of these current affairs on the business within the prescribed theme • Ability to write the Section C, which is a business report, wherein students must provide advice to management in a logical and objective manner.
Grade 10 Curriculum | Grade 11 Curriculum | Grade 12 Curriculum |
|---|---|---|
Introduction to basic business concepts: Entrepreneurship, Management Styles, Management Tasks, Forms of Ownership, Contracts, Ethics | Analysis of business environments | Applied analysis of business environments of a specific industry/business |
Introduction to business environments | Comparison of forms of ownership | Finance function: Insurance and Investment |
Business functions: Administration, Purchasing, Production, Finance | Business functions: Finance, Public Relations, Marketing and Risk Management | Human Resources: staff-related matters, labour legislation |
Problem solving techniques | Ethics and Corporate Social Responsibility | Marketing: marketing mix and branding |
- | Problem solving techniques | Risk Management |
- | - | Corporate Social Responsibility and integrated reporting |
- | - | Problem solving techniques |
Grade 9 Requirements:
There are no specific requirements for Business Studies. However, as this is a theoretical subject a proficiency in English is recommended. Students are required to be able to make summaries of the content on a regular basis to break down the volume of content into smaller sections to make it more manageable.
Stationary Requirements:
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