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Ib HL Business Management Paper 3 Pointers

This document provides pointers for answering paper 3 questions on the IB HL Business Management exam. It outlines the key elements to include when answering questions about social enterprises, sustainability, and overcoming organizational challenges. The final 17-mark question should define sustainability, identify two major challenges, recommend strategies with reasoning and benefits, reference theories and tools, consider stakeholders, and conclude on how the strategies will help the business in the long run.

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Tahiyat Ahsan
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2K views2 pages

Ib HL Business Management Paper 3 Pointers

This document provides pointers for answering paper 3 questions on the IB HL Business Management exam. It outlines the key elements to include when answering questions about social enterprises, sustainability, and overcoming organizational challenges. The final 17-mark question should define sustainability, identify two major challenges, recommend strategies with reasoning and benefits, reference theories and tools, consider stakeholders, and conclude on how the strategies will help the business in the long run.

Uploaded by

Tahiyat Ahsan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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lOMoARcPSD|19541869

IB HL Business Management Paper 3 pointers

International baccalaureate (Gems Wellington International School)

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Social enterprise -> either for pro昀椀t or non pro昀椀t

Sustainability: ECONOMIC (business and bene昀椀t of society), ENVIRONMENTAL, SOCIAL

Goals:

1. To give back to society


2. To generate pro昀椀t

3 ques琀椀ons (2, 6, 17 marks) – use business terminology (TOUCH ON SUSTAINABILITY OF BUSINESS)

Men琀椀on advantages and disadvantages to any solu琀椀on you propose for a problem

1. Iden琀椀fy a human need – Human Resources Chapter


- 1 mark for iden琀椀昀椀ca琀椀on
- 1 mark for explana琀椀on with RTC (50% chance Maslow) – state level
2. Organiza琀椀onal Challenges (2+2)
- Iden琀椀fy 昀椀rst challenge – describe challenge
- Apply challenge with RTC
- Iden琀椀fy second challenge – describe challenge
- Apply challenge with RTC
- Examples: Financial challenges (liquidity, cash 昀氀ow, working capital, budge琀椀ng), Marke琀椀ng challenges,
Opera琀椀on/produc琀椀on challenges, Leadership/management issues, internal issues, HR related issues
(recruitment, training, quality of employees), STEEPLE (external environment), Ho昀昀-Steeds cultural dimensions.
Don’t say which stage they’re at, but which needs they cater too and how.
3. Final ques琀椀on (17) – Intro, body, conclusion
- De昀椀ne sustainability with RTC
- In order to be sustainable for the next __ years, the company must focus on tackling its challenges such as …
(any two MAJOR challenges that the company was facing)
- (every new concept to be brought about in a di昀昀erent paragraph)
- Every paragraph RTC must be done at least twice.
- Firstly, the company should… (according to what’s given in case study)
- Recommenda琀椀on with proper reasoning and bene昀椀ts with reference to community and pressure groups
- Use business terminology
- ‘It will help them align with their vision statement …’, include wherever necessary. ‘make sure that it is true to
its vision’
- Reference tools, strategies and theories in answer (at least 3) ‘Company could look at using …’
- REFER TO RESOURCES (CITE RESOURCES GIVEN)
- Use date given in case study (sta琀椀s琀椀cs)
- Balanced evalua琀椀on – nega琀椀ves to strategies ‘but bene昀椀ts are stronger in comparison’
- ‘internal and external economies of scales’
- Use ANSOFF matrix – refer to bene昀椀cial and risky strategies of the matrix (compare)
- ‘In conclusion,’ – main aim, bene昀椀ts of implementa琀椀on of strategies will help the business in _ years
- I am sugges琀椀ng this strategies, however if there was access to __, this strategy would be more e昀昀ec琀椀ve.
- Touch on at least two external and internal shareholders.
- ‘This strategy would also impact/bene昀椀t ___ shareholder...’

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