AN ROINN OIDEACHAIS THE LEAVING CERTIFICATE

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1 AN ROINN OIDEACHAIS THE LEAVING CERTIFICATE BUSINESS SYLLABUS (HIGHER LEVEL and ORDINARY LEVEL 1

2 Cntents Preamble (ii) 1. Intrductin 1 2. Structure f the syllabus 3 3. Business syllabus Peple in business Unit 1 4 Enterprise Unit 2 6 Managing 1 Unit 3 7 Managing 2 Unit 4 9 Business in actin Unit 5 11 Dmestic envirnment Unit 6 13 Internatinal envirnment Unit

3 PREAMBLE 'Business' is a business studies ptin within the established Leaving Certificate prgramme. It is cncerned with the understanding f the envirnment in which business perates in Ireland and in the wider wrld. It als invlves equipping the students with a psitive view f enterprise and its applicatins in the business envirnment, in bth the public and private sectrs. The principles n which this syllabus has been prepared are as fllws: A cmmn syllabus at higher and rdinary levels t fulfil the aims and bjectives f the curse. A curse structured t prvide cntinuatin frm, and develpment f, Business Studies at Junir Certificate; hwever, it can als be studied 'ab initi'. A flexibility f design that caters fr present-day Irish business educatin and yet is capable f adaptatin t future develpments in a structured and efficient way. The capability f being taught within apprximately 180 hurs. The preparatin f students fr further educatin and fr adult and wrking life, Including the creatin f psitive attitudes twards self-emplyment. 3

4 Business syllabus Intrductin Aims T cntribute t a balanced and apprpriate general educatin, leading t the persnal and scial develpment f students thrugh a study f business and enterprise. T encurage initiative and self-reliance in each student. T develp a clear understanding f the rle f enterprise, t encurage the develpment f apprpriate enterprise learning skills, and t generate in students a psitive and ethical attitude t enterprise in persnal, business and public life. T develp a critical understanding f the verall envirnment in which business functins. T help prepare students fr participatin in a changing business envirnment fr adult and wrking life and als as a basis fr further educatin. Objectives T develp students' literacy, numeracy, prblem-slving and cmmunicatin skills and t develp an attentin t detail in the presentatin f infrmatin. T develp an understanding f the structures, institutins, prcesses and management f business. T enable students t make infrmed business decisins. T enable students t use established cmmercial principles and knwledge, t critically evaluate cmmercial infrmatin, and t ffer slutins t given cmmercial prblems. T prmte a psitive awareness f cultural and scial diversity in internatinal business. T enable students t understand and appreciate ethics in business. Nte A general bjective is given at the beginning f each sectin m prvide an verview f the area. The learning utcmes prvide the specific cntext n which each sectin is based. Assessment The syllabus will be assessed in relatin t the syllabus bjectives, initially thrugh a written terminal examinatin. A variety f questining techniques will be used, and a flexible and varied apprach will be taken t the style f questining in the written examinatin. 4

5 This syllabus cntains utcmes cmmn t Ordinary and Higher levels and sme that are designated Higher level nly (HL). At Ordinary level, candidates will be required t: recall and demnstrate a knwledge and understanding f the syllabus cntent. In additin, Higher level candidates will be required t: demnstrate a greater depth f knwledge and understanding f the cncepts and issues than Ordinary level candidates, as well as a greater prficiency in applicatins and analysis; apply the business terms, cncepts and theries t address prblems and issues; select rganise, interpret and use infrmatin supplied; evaluate evidence, make reasned judgements and present cnclusins accurately and apprpriately. A list f the legislatin t be examined at bth levels will be set ut in the Teacher Guidelines. The emphasis will be n the applicatin f the legislatin, as ppsed t a knwledge f it. Structure f syllabus The syllabus is brken dwn int three sectins: A, B, and C. Sectin A Peple in Business (Unit 1) Intrductin t peple in business Peple and their relatinships in business Cnflicting interests and hw they are reslved Sectin B Enterprise (Unit 2) Enterprise (Unit 3) Managing 1 Intrductin and definitin f enterprise Entrepreneurs and enterprise skills Intrductin and definitin f management Managers and management skills Management activities 5

6 (Unit 4) Managing 2 Husehld and business manager Human resurce management Changing rle f management Mnitring the business (Unit 5) Business in actin Identifying pprtunities Marketing Getting started Expansin Sectin C Envirnment (Unit 6) Dmestic envirnment Categries f industry Types f business rganisatin Cmmunity develpment Business and the ecnmy Gvernment and business Scial respnsibilities f business (Unit 7) Internatinal envirnment Intrductin t the internatinal trading envirnment Eurpean Unin Internatinal business 6

7 Unit 1. INTRODUCTION TO PEOPLE IN BUSINESS Objective: T enable students t understand the relatinship between the principal parties in business and their dynamic nature. 1.1 Peple and their relatinships in business Cnsumers, entrepreneurs and investrs Prducers, suppliers and services Emplyer, emplyee and trade unin relatinships Interest grups C-perative and cmpetitive relatinships Elements f cntract law 1.2 Cnflicting interests and hw they are reslved Identifying areas f cnflict in business Dealing with methds f reslving cnflicts in relatinships (bth nn-legislative and legislative) Cnsumer and industrial relatins legislatin 1.3 Outcmes On cmpletin, the student shuld be able t: list the main parties and peple invlved in business; describe the relatinships between peple as wrkers, as trade unin members, as managers, as entrepreneurs, as investrs, and as custmers; 1,3.3 utline nn-legislative ways f slving cnflict; utline hw a majr piece f legislatin and the elements f cntract law help deal with cnflict; analyse the relatinships between peple in business (HL); illustrate hw legislatin affects these business relatinships (HL); describe a pssible business cnflict and shw hw the law wuld be used t slve it (HL). 7

8 Unit 2. ENTERPRISE Objective: T enable students t understand the imprtance f enterprise in business and the cmmunity. 2.1 Intrductin and definitin f enterprise A brad definitin f enterprise, ensuring its relevance t a wide range f activities in persnal, business and public life as well as business start-up. 2.2 Entrepreneurs and enterprise skills Characteristics f entrepreneurs Enterprise skills-innate and learned Applicatin f enterprise skills t different situatins 2.3 Outcmes On cmpletin, the student shuld be able t: define enterprise; identify the imprtance f enterprise skills in areas such as hme, schl, lcal cmmunity, Gvernment departments, and business start-up; explain the basic enterprise skills; identify the characteristics f enterprising peple; analyse the imprtance f enterprise in business and the cmmunity (HL); identify enterprise skills, pprtunities, risks and rewards frm given data (HL). 8

9 Unit 3. MANAGING 1 Objective: T enable students t understand the imprtance f management in business and in the cmmunity. 3.1 Intrductin and definitin f management A brad definitin f management, ensuring its relevance t a wide range f activities in persnal, business and public life. This sectin views management as the ability t achieve results thrugh peple. 3.2 Managers and management skills Characteristics f managers Difference between enterprise and management Management skills: Leading - directin, delegatin Mtivating - classic mtivatin theries Cmmunicatin - imprtance f cmmunicating in management; cmmunicatin skills and methds and their applicatin 3.3 Management activities Management activities: Planning - thery, principles and types Organising - structure f rganisatin; frmal and infrmal; staffing, span f cntrl, and prject teams Cntrlling - thery, principles and types. 3.4 Outcmes On cmpletin, the student shuld be able t: define management; identify the imprtance f management skills in areas such as hme, schl, lcal cmmunity, Gvernment departments and business start-up; list the characteristics f managers; 9

10 3.4.4 explain the basic management skills; explain the central rle f cmmunicatins in business and management; identify and explain the main barriers t effective cmmunicatins; demnstrate business data in the fllwing written frms: mems, reprts, and business letters; draft a visual presentatin frm given, data; identify the duties f a chairpersn and secretary and draft an agenda and minutes f a meeting; distinguish between the methds f cmmunicatin; discuss the imprtance f general cmmunicatin skills (HL); differentiate between enterprise and management (HL); explain the cntributin f bth managers and entrepreneurs t business (HL); discuss the nature f management activities and their linkages (HL). 10

11 Unit 4. MANAGING 2 Objective: T enable students t understand management as it applies t the husehld and the business. 4.1 Husehld and business manager A cmparisn f their rles in the cntext f certain aspects f finance, insurance and taxatin. Aspects f finance include: basic cash flw, main surces f finance, cst f finance, current accunt, and applying fr a lan Aspects f insurance include: principles, risks and csts, and types f insurance Aspects f taxatin include: an utline f the main types, basic tax cmputatins and principal tax frms 4.2 Human resurce management Functins f human resurce management: recruitment and selectin Emplyer and emplyee relatinships Teamwrk peple develpment, perfrmance appraisal and reward 4.3 Changing rle f management Managing new relatinships: the empwerment f wrkers and ttal quality management Managing new technlgies: the impact f technlgy n persnnel, business csts, and business pprtunities 11

12 4.4 Mnitring the business Use, understanding and interpretatin f accuntancy and business data. Basic final accunts and balance sheets. Main prfitability and liquidity ratis. Debt equity rati. 4.5 Outcmes On cmpletin, the student shuld be able t: utline the differences between managing a husehld and managing a business; explain the imprtance f finance, insurance and tax implicatins fr business; identify activities cmmn t managing a business and a husehld, including cmpletin f relevant frms; understand the similarities and differences between these activities in a husehld cntext and in a business cntext; calculate and interpret the main prfitability and liquidity ratis and debt/equity; explain the key functins f human resurce management; explain the changing rle f a manager frm cntrller t facilitatr; understand the imprtance f emplyee participatin; understand hw technlgy changes the rle f management; understand the relatinship between emplyers and emplyees and the rle f trade unins; understand the central rle f human resurces in management (HL); identify the strategies fr managing change (HL); discuss the imprtance f ttal quality management (HL); understand the imprtance f accuntancy and business data in the mnitring f the business enterprise (HL). 12

13 Unit 5. BUSINESS IN ACTION Objective: T enable students t understand the stages invlved in setting up a business enterprise. 5.1 Identifying pprtunities Surces f pprtunities: internal and external New prduct and service develpment prcess 5.2 Marketing The marketing cncept (cnsumer rientatin) The marketing strategy Develping the marketing mix - prduct, price, prmtin and place 5.3 Getting started Finance, wnership and prductin ptins Develping a business plan 5.4 Expansin Reasns and finance fr expansin Implicatins and methds f expansin 5.5 Outcmes On cmpletin, the student shuld be able t: explain the imprtance f researching business ideas; identify techniques fr develping business ideas and researching them; cntrast the main surces f new prduct ideas; 13

14 5.5.4 identify and explain the elements invlved in a new business startup; explain the stages invlved in setting up a new business; identify the main elements f a marketing strategy; explain the elements f the marketing mix; list the main surces f finance available fr business start-up; identify the elements f prductin prcesses; illustrate the central rle f the business plan; identify the reasns fr and methds f expansin; identify three main surces f finance fr expansin; analyse the imprtance f Irish business expansin in the dmestic and freign markets (HL); cmpare and cntrast equity and lan capital as surces f finance fr expansin (HL); evaluate the elements f the marketing mix (HL); apply the main surces f finance available fr business start-up (HL); 14

15 Unit 6. DOMESTIC ENVIRONMENT Objective: T enable students t understand the interactin between business firms, the lcal cmmunity, the Gvernment and the ecnmy. 6.1 Categries f industry Agriculture, manufacturing, services and natural resurces Changing trends in business 6.2 Types f business rganisatin Chsing between alternatives: Sle trader, partnership, alliances, franchising, private limited cmpanies, transnatinals, public limited cmpanies, c-peratives, state-wned enterprises and indigenus firms Changing trends in wnership and structure 6.3 Cmmunity develpment Lcal cmmunity and business Cmmunity develpment, incrprating lcal cmmunity initiatives 6.4 Business and the ecnmy The impact f the ecnmy n business, taking int accunt the general state f the ecnmy, inflatin, interest rates, tax and grants The impact f business n the ecnmy at lcal and natinal level, taking int accunt emplyment, tax revenues and envirnmental issues The interactin between business and the wider ecnmy 6.5 Gvernment and business An intrductin t the Gvernment's rle in encuraging and regulating business. Rle f the Gvernment as emplyer 15

16 6.6 Scial respnsibilities f business. Ethical business practice Scially respnsible business at lcal and natinal level 6.7 Outcmes On cmpletin, the student shuld be able t: recgnise and illustrate the categries f industries and their cntributin t the dmestic ecnmy; recgnise the types f business rganisatin; cmpare and cntrast the different types f business rganisatins; explain why businesses change their rganisatinal structure ver time; identify the imprtance f cmmunity initiatives in the develpment f the lcal ecnmy; explain the impact f the ecnmy n business; explain the impact f business in the develpment f the ecnmy; identify imprtant envirnmental issues in business; list the ways in which the Gvernment creates a suitable climate fr business explain the ways which the Gvernment affects the labur frce; define ethical business practice; describe the characteristics f an envirnmentally cnscius cmpany (HL); analyse the impact f envirnmental issues n business (HL); discuss the scial respnsibilities f business (HL); evaluate the effects n a firm s csts f meeting its ethical, scial and envirnmental respnsibilities (HL). 16

17 Unit 7. INTERNATIONAL ENVIRONMENT Objective: T enable students t understand the pprtunities and challenges facing Irish business in the internatinal envirnment. 7.1 Intrductin t the internatinal trading envirnment The significance f internatinal trade fr the Irish ecnmy The changing nature f the internatinal ecnmy and its effects n Irish business Opprtunities and challenges fr Irish business in internatinal trade Trading blcs and agreements 7.2 Eurpean Unin The imprtance f the Eurpean Unin The purpse f the main Eurpean Unin plicies and directives and their impact n Irish business An utline f the decisin-making prcess in the main Eurpean Unin institutins The rle f the special interest grups in this prcess 7.3 Internatinal business The glbal marketing f prducts and services The develpment and impact f transnatinal cmpanies 7.4 Outcmes On cmpletin, the student shuld be able t: identify the effects f the single market n Irish business; utline reasns fr the develpment f transnatinal cmpanies; explain the rle f infrmatin technlgy n internatinal trade; discuss the pprtunities and challenges facing Irish business in develped and develping markets; explain the rle f glbal marketing in internatinal business; explain the purpse f the main Eurpean Unin plicies and directives (HL). 17

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