Business Studies

“We aim to inspire students to understand the importance of enterprise and the nature of the business world. The students will gather a broad and balanced perspective of business, taking a journey that develops their knowledge and skills to evaluate the dynamics of a business, through the analysis of businesses of different sizes and turnovers.

Our Business curriculum enables students to have the ability to think commercially and creatively to demonstrate business acumen and appreciate how businesses operate in a multicultural society which will open their views to the evolving nature of businesses. They will understand the financial aspect of running a business, planning for growth through generating business forecasts that integrate real life business situations.”

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Year 12

Year 13

Welcome to Business Studies at King Richard School!

“The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” Mark Zuckerberg

Business has an impact on all our lives and shapes us as citizens. How we live our everyday lives is determined by business and affects our standard of living, our health, our happiness and ultimately the communities in which we live. The connection that business has with the futures of young people is very important and at some point in their lives, our students will need to have the confidence and capability to be able to develop economically as self-sufficient individuals to be able to live ‘choice filled lives’ in a rapidly advancing global economy.

The Business curriculum at King Richard School aims to provide all learners with a deep and powerful knowledge base of the world of business, which includes key concepts such as Enterprise, Finance, Marketing, Human Resources, Business Ownership and Growth.

Our curriculum offers students a range of opportunities to apply their deep knowledge of the world of business and economics through the use of real life situations and problem solving scenarios which help students to develop personal qualities such as aspiration, teamwork & resilience.

Through our carefully planned curriculum, our students are exposed to opportunities to develop a wider understanding of a wide range of business concepts, to develop their ability to think critically, technically and creatively to demonstrate a strong and secure business acumen.

They also develop an understanding of what it means to be entrepreneurial and they are provided regular opportunities to apply this understanding to real life contexts and scenarios and as part of whole school fund raising events.

Through a carefully designed curriculum, students develop an enquiring mind, a critical approach to their work and an independence which supports the development of an analytical and enquiring mind. All traits which are essential for success in the modern world.

Business Studies is always a popular subject with our students here at KRS and our aim is to inspire, motivate and engage all our students and to develop a passion for Business beyond our curriculum.

We offer the following course at GCSE:

GCSE Business – Edexcel

Theme 1: Investigating small business

Written examination: 1 hour and 30 minutes 50% of the qualification 90 marks

Content overview

● Topic 1.1 Enterprise and entrepreneurship

● Topic 1.2 Spotting a business opportunity

● Topic 1.3 Putting a business idea into practice

● Topic 1.4 Making the business effective

● Topic 1.5 Understanding external influences on business

Assessment overview

The paper is divided into three sections: Section A: 35 marks Section B: 30 marks Section C: 25 marks. The paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. Questions in Sections B and C will be based on business contexts given in the paper.

Theme 2: Building a business

Written examination: 1 hour and 30 minutes 50% of the qualification 90 marks

Content overview

● Topic 2.1 Growing the business

● Topic 2.2 Making marketing decisions

● Topic 2.3 Making operational decisions

● Topic 2.4 Making financial decisions

● Topic 2.5 Making human resource decisions

Assessment overview

The paper is divided into three sections: Section A: 35 marks Section B: 30 marks Section C: 25 marks. The paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. Questions in Sections B and C will be based on business contexts given in the paper.

Many students go on to study Business further at A Level and on to University where they specialise in many areas such as Marketing, Accountancy, Human Resources and Business Management. Some students go straight into an apprenticeship or a business where they learn and develop key skills on the job.

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