Business Studies

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One simply cannot understand today’s world without understanding the firm. In our modern world businesses not only mine, grow, manufacture, transport, market, package, sell, discount, etc. nearly everything that we use today, but businesses are our most potent forces of innovation (although governments are still the most important source of basic research).  We live in an era of unprecedented entrepreneurialism, and it is absolutely fascinating to observe–not to mention all the amazing products the rest of us get to play with.

Because business is so important to our world we teachers are somewhat blessed–or perhaps cursed–with loads of information about it. There are thousands of business and trade journals/websites/magazines being published weekly. It’s true that much of the information being produced is merely surface level or difficult for us laymen to interpret, it’s usually doesn’t take too much searching for teachers to find an interesting case study that exemplifies whatever particular lesson is being taught. And I do feel that case studies are one of the best ways to teach business studies. In my opinion business, at least beyond the basics, is really an art more than a science.  Which is why I feel that entrepreneurial projects are really the best way for students to learn.

 

Resources:

The IB Guides, complete with helpful video tutorials, powerpoints, interactive quizes, and…more!  One could also check out Dr. Muli’s IB Business Management Free Textbook Wiki.

Like in Economics, Singapore Based IB teacher Tim Woods has provided another incredibly helpful website.

Stanford Undergraduate Blake Masters attended the influential libertarian and Paypal co-founder VC Peter Theil’s business class and wrote up these amazing notes. They are not directly related to the IB curriculum, but, gosh, they make for some super interesting reading with lots of great examples. This is lecturing as it should be, simple logic points delivered through engaging stories. This is also about how business works today in the most important business center in the world, Silicon Valley. HIGHLY RECOMMENDED.

To be updated…

 

“A process cannot be understood by stopping it. Understanding must move with
the flow of the process, must join it and flow with it.” – Frank Herbert

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