What is Business and Management?
As we flip the page into the 2020's, the world economy has evolved greatly and digitisation of almost every aspect of our lives has led to a new range of services and products being offered. The breakneck speed of this changing suite of services means IB students have to keep pace in order to be the next prominent business leader, technologist, medical scientist etc. The international baccalaureate diploma's Business and Management course prepares business leaders of the future, hence its emerging popular IB subject of choice among many students.
IB Business and Management can be taken at both higher (HL) and standard (SL) level. At the higher level, IB students have to study a wider range of content and take the extra module called Business Strategy. This level gives students an edge when they pursue a higher learning course in Finance, Economics or Business Administration in university. The Standard Level is chosen by students who wants to take this subject for interest or as a backup subject for other courses.
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The average hourly fees for IB Business and Management ranges from $50 per hour to $150 per hour, depending on the tutor's credentials, experience and the level to teach.
IB Year 1 / Grade 11
$50 - $70
$70 - $90
$90 - $140
IB Year 2 / Grade 12
|$60 - $70||
$80 - $100
|$100 - $150|
Excelling in IB Business & Management
If you want to go to a top university overseas and major in a business-related course, scoring a 6 or 7 points in the IB exam is an absolute must!
The more popular a course is, the higher the demand for places and the more difficult the entry criterias in these courses. IB is a good diploma that prepares one for University which focus on application, analysis, mature thinking and hard work. To achieve a 6 or 7, you will need to exhibit all these skills and maybe more throughout the 2 year IB program. Last minute preparation often don't work and will lead to poor grades.
You must start now! Seek help from our IB Business and Management tutor
1. Business Leaders in their own right: Engaging the expertise of current business leaders and lecturers will give up-to-date information and knowledge relevant to the latest trends, so your child gets the best exposure to the real world.
2. Safe and open environment: In private tuition, students feel less threatened and are more open to asking questions to the IB Business tutor, thus clearing their doubts in a more effective manner. In school, students fear being laughed at by their friends if they ask simple questions.
3. IB Business Management Resources: Good IB business tutor can give more tips and shortcuts on how to solve questions and share materials from their own studies so your child need not fret over where to get good notes.
4. Flexibility in setting a time slot: IB Business school students have very tight timetables and often find difficulty to even find leisure time to take a break. Private IB Business tutors can allocate suitable time slots for your child.
5. Personalised lesson planning: The best IB Business tuition teacher can provide a personalised lesson plan to tackle difficult business topics that your child faces.
Students are expected to show their competency in the topics:
1. Types of Organization
3. External Environment
4. Growth and Evolution
5. Human Resource Management
6. Organizational Structure
8. Leadership and Management
9. Accounting and Finance
11. Sales Forecasting
13. Operations Management
You will need to display a keen eye for details and be able to link up the concepts with real world business environment and the impact to their profitability and sustainability of each business entity.
How to excel in Business and Management
1. Start coursework ASAP!
Always prepare in advance, especially when it comes to your Internal Assessment or Extended Essay. Do your research and begin brainstorming for your topic, because your prepwork relies on external sources and other people for surveys etc which all need time to collect, analyse and formatted neatly.
2. Know your statistics and finances
All businesses exist for profits and it is critical to know your figures well. You will learn costs, sales, revenue which all in turn mean dollars and cents for the company. If you have studied accounting before, you will have an edge over your classmates when it comes down to presenting your arguments and project. Being a business leader, you will also need to learn the key figures in a balance sheet when addressing shareholders.
3. Think like a business leader
A good business leader will need to have solutions to any business problem or issue that arises from any situation.
You will need to learn how to think like one. Understanding the case study first before applying the appropriate business model to arrive at the best outcome, is what a topnotch business leader has to do day-in-day-out. You will need to face the consequences of a bad decision so imagining yourself as a business leader now will give you an insight of what the future holds.
4. Study Smart!
Devise your lesson notes, read up in advance before tutorials, join online discussions about the latest business trends... all these will help towards attaining that coveted 7 points you want. There is no shortcut, you will need to put in effort and hard work, on top of studying smart if you want to ace the IB business & management exam.
5. Make a stand!
In the everyday life of a businessman, one has to make decisions that could go either way. You have to show to the examiner that you have a set of arguments behind every decision that will impact your business.
It is not the number of points you have, but the strength of an argument backed up with empirical data or business model, which will convince the IB examiner that you know your stuff well.
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The subject trains students to think like a business leader and prepares him / her to enter university courses that has a rigorous and demanding curriculum. Business courses has many disciplines and most of them require critical thinking skills and argumentative mindset, which are developed in the IB syllabus to prep young students.
To excel in IB Business, many students find it difficult to get going but with the right mentor at the side, these obstacles can be cleared. Our IB tuition teachers in Singapore has an impressive database of Business high-flyers and practitioners who will share their insights and experience with your child.
If you are looking for the best IB Business tuition agency in Singapore to provide quality tutors at reasonable tuition rates, then you have just found it!
Contact us today to enquire more on IB home tuition!
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