"Vision: To inspire the leaders, policy makers, entrepreneurs and the innovators of tomorrows society"

Business Subjects

Welcome to the Business Studies and Economics Department at Rickmansworth School. 

We fully believe and support in all we do the whole school vision of ‘Achievement for All’.  The Business and Economics Department achieves strong results year on year.  Our results are consistently above national averages.  All in the team have previous commercial experience which, along with a real genuine interest in the subjects taught, enable lessons to be engaging and accessible to students.

Key results for Summer 2017 are as follows:

GCSE Business:

25% A* - A, 76% A*-C     ALPS 3
AS Business:                 ALPS 3
A-level Business:           ALPS 5
AS Economics:              ALPS 2
A-level Economics:        ALPS 2

The ALPS 3 and above puts us in the outstanding category when compared to providers of the same qualification nationally.

Key Stage 4

At Key Stage 4 we have started to teach the new specification GCSE Business examined by AQA from September 2017.  The course consists of six modules and is structured as follows:

 

Year 10

3.1  Business in the real world
3.2  Influences on business
3.3  Human resources

Year  11

3.4  Operations management
3.5  Marketing
3.6  Finance

 

Students sit two exams at the end of year 11, both accounting for 50% of the GCSE.

 

Key Stage 5

At KS5 we offer two A-level courses; Business and Economics. 

Both A-Levels are assessed 100% by exam at the end of Year 13.  The course syllabus to be covered over Year 12 and Year 13 for Business is detailed below.

For Economics please see the separate page in the Social Sciences area.

 

 

Section of Specification

 

Topics covered

1. What is business?

Understanding the nature and purpose of business, different business forms, that businesses operate within an external environment

2. Managers, leadership and decision making

Understanding management, leadership, decision making,  the role and importance of stakeholders

3. Decision making to improve marketing performance

Setting marketing objectives

Understanding markets and customers

Marketing decisions: segmentation, targeting, positioning, the marketing mix

4. Decision making to improve operational performance

Setting operational objectives

Analysing operational performance

Making operational decisions to improve performance: increasing efficiency and productivity, improving quality, managing inventory and supply chains

5. Decision making to improve financial performance

Setting financial objectives

Analysing financial performance

Making financial decisions: sources of finance, improving cash flow and profits

6. Decision making to improve human resource performance

Setting HR objectives

Analysing human resource performance

Making HR decisions: improving organisational design and managing the human resource flow, improving motivation and engagement, improving employee-employer relations

7.   Analysing the Strategic Position of a Business

Mission, corporate objectives and strategy

Analysing the existing internal position of a business to assess strengths and weaknesses: financial ratio analysis, overall performance

Analysing the external environment to assess opportunities and threats: political and legal change, economic change, social and technological, the competitive environment

Analysing strategic options: investment appraisal

8.  Choosing strategic direction

Strategic direction: choosing which markets to compete in and what products to offer

Strategic positioning: choosing how to compete

 

9.  Strategic methods: how to pursue strategies

Assessing a change in scale, innovation, internationalisation, greater use of digital technology

 

10. Managing strategic change

Managing change

Managing organisational culture and strategic implementation

Problems with strategy and why strategies fail

 

 

For more information please go to:

http://www.aqa.org.uk/subjects/business-subjects/as-and-a-level/business-7131-7132/introduction

 

Extra-Curricular & Trips

The department runs a number of trips.

Please click here to go to the trips page.

 

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