IB Business Management Magic Words - Section 5

Here is a list of all of the key words you should know for each of the Section 5 chapters. Learning all the key words is a really important part of the business course, so take time to make sure you can quickly, accurately define each of these.

 

 

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Woods, Tim. “IB Business Management Magic Words - Section 5” IBMastery April 11 Jan 2018. Web. TODAY’S DATE <https://www.ibmastery.com/blog/ib-business-management-magic-words-section-5>
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IB Business Management Magic Words - Section 4

Here is a list of all of the key words you should know for each of the Section 4 chapters. Learning all the key words is a really important part of the business course, so take time to make sure you can quickly, accurately define each of these.

 

 

Cite this page as:
Woods, Tim. “IB Business Management Magic Words - Section 5” IBMastery April 11 Jan 2018. Web. TODAY’S DATE <https://www.ibmastery.com/blog/ib-business-management-magic-words-section-5>
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IB Business Management Magic Words - Section 3

Here is a list of all of the key words you should know for each of the Section 3 chapters. Learning all the key words is a really important part of the business course, so take time to make sure you can quickly, accurately define each of these.

 

Cite this page as:
Woods, Tim. “IB Business Management Magic Words - Section 3” IBMastery 1 Jan 2017. Web. TODAY’S DATE <https://www.ibmastery.com/blog/ib-business-management-magic-words-section-3>
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IB Business Marking Codes

When I have a pile of tests or practice exams to mark, I want to give as much feedback to students as possible. To help with that, I use marking codes --which I call my "marking shorthand." 

Using a shorthand like this helps me provide more detailed and specific feedback to my students on their tests and practice exams –-which, in turn, helps them know how to improve.  

My most commonly used symbols on IB Business Management Tests and exams 

= Good point. This one is pretty obvious. I try to let you know exactly where you have made a good insight and are therefore earning marks. 10 check marks doesn’t necessarily mean 10/10 marks, but sometimes it does work out like that. I always reward good CTs and good CL’s (This relates to my 3-step method for business answers)

+CTs – please include more Course Theories (CT’s) next time, in order to improve your marks on a question like this. Course Theories basically means key...

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How to Structure a Business and Management Internal Assessment

Here is a layout you can follow for your HL Business Management IA. The layout has changed a bit recently (November 2016) for example in terms of the cover sheet requirements, but this is up-to-date.

The Proposal and the IA should be included in a single document, using double-spaced Arial, sized 12 font. 

Please remember to include all of your sources (preferably using MLA) as you go. This goes for every fact that you include or any opinion that you write, which was informed by something you read. Citing your sources is VERY important. Be careful with it.  

Pre-Research Proposal Material

Title page 

Include:

  • Your Research Question (Here is more help for members refining your question).
  • Intended Audience (i.e. To Company X)
  • The IB Number (Something in the format "abc123" (i.e. fjk932)
  • Session (i.e. May 2019)
  • Proposal word count and IA word count. (Note that the Executive Summary is not counted in the 2000 words allowed for the IA.)
  • (Also, notice that...
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Evaluation in IB Business

Sometimes (normally in 8-mark questions) you will be asked to evaluate. This is about going beyond the insights you have made from doing your analysis (your Dr Tests). But let's make sure you are clear on the difference between analysis and evaluation. By analyzing in Business we mean giving your Defi­ni­tions, Expla­na­tions, Exam­ples and Development (making sure you have fully answered the question) (Doing the 'DEED'). And then, after you analysis is done, you go on to evaluate, to make sense of it for the reader. You are telling us, in clear terms, what we should think about the situation.

This is a bit like Theory of Knowledge because you are not only showing that you can think about things using the course theories, but also showing that you can think about things in a complicated (or complex, or advanced) way. You can contrast the results of two ways of appraising an investment opportunity for example and tell us which insights are most important for this...

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Master the Business and Management Extended Essay in Three Easy Steps

Here's a great structure to follow when you're writing your Business EE or IA. Keep in mind for your EE that you'll also want to include a lot of extra insights from secondary sources. But this structure will help you manage your main body arguments, which are based on Business analysis. 

Lets say you’ve chosen (as your EE question) to explore whether a restaurant should relocate from one shopping mall to another one. The second location is more popular, but also more expensive. Great!

This is great because it’s a toughy.

Easy questions (questions with pretty obvious answers) are not good extended essay questions because they don’t let you show off how well you know your stuff. You need to get from your Research Question to your Answer, but we need to make sure that we don’t simply jump from one to the other, without doing careful analysis. There are three simple steps you need to follow to make sure you do this properly. It works every time.

To get...

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How to Get Full Marks On Your Business Internal Assessment

I have found that the biggest challenge my students are having, in terms of scoring the top marks in the Business IA, is related to their use of analytical tools.

(For a step-by-step explanation of everything you need to include in your Business IA, use this page.)

You have a Research Question and you’re trying to arrive at your answer. A very common mistake is that students do a lot of analysis, but they don’t connect it properly to the Research Question (RQ) or to their Answer (Ans).

I have wracked my brain to make this more straightforward and I’ve come up with the following diagram, which you can follow to make your IA analysis a more straightforward process. If you follow it, it should raise your performance in several aspects of the IA Business rubric.

By this point, you have chosen an appropriate RQ. if you aren’t sure about that, I recommend reading this article first (and follow the '4 tests' it advises to check your RQ).  So now you know that...

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The CUEGIS Answer Method

Here is my step-by-step method for answering these questions, to make sure you get full marks on the exam.  Remember, this one question can easily bring you up an ENTIRE GRADE level, if you do it right. It's worth 10% of the whole course. 

First, know that you will have about 34 minutes for this question.

The CUEGIS method 

The body will address each concept, but mostly just one concept at a time. The basic model you’ll follow will be repeatedly doing the normal answer method stuff (CTs, CLs and SWs), but in this case the course theory is your normal insights from the course (as always), but ALSO your insights into the concept. So keep making links to your company as well as your insights about the concepts (i.e. innovation, or strategy) while also linking your answer to normal insights from the course (i.e. Ansoff's matrix). 

CL = Case Link. Give a fact about your chosen company and the first concept.

CT = Course Theory. Use a keyword, tool or...

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Advanced Business Extended Essay Research

In this post, I wanted to share with you a resource straight out of latest online course: Business EE Mastery. I know a lot of you are working on your Extended Essays at the moment, so I thought you'd probably appreciate some extra help.

If you're interested, you can try-out my Business EE Mastery video course online for FREE at the moment. You might not need any more help, but if you do this works and I'm happy to help. Either way, here is some info that will help you with your research:    

The ability to research effectively is all about two things:

  1. Efficiency and
  2. Thoughtfulness.

You need to know how to get the information you're looking for quickly and also, be willing to think about what you're looking for. Normally people look for the wrong information. Wrong information is information that has nothing to do with your research question. And EE students use information like this all the time. You can use some information that doesn't really relate to your RQ...

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