Welcome to Business Education!
Business is a dynamic range of subjects that prepares students for the challenges of adult life by introducing them to industry and the working world. Whether pupils want to be an entrepreneur, a successful employee, a driven manager for a thriving company, or just want an insight into how businesses work, business education gives a powerful start to launch into various career paths. Pupils studying business education courses will not only gain knowledge and business acumen, but will also experience lessons based on business concepts, with professionalism, independence and productivity as our driving forces. The courses offered emphasise the ever-changing nature of business, the challenge and creativity of enterprise and the reliance of businesses on effective communication.
In Key Stage 4 we offer GCSE Business where students will study the following areas:
- Investigating Small Business
- Building a Business
In doing so, they will cover the main four functions of a business – Marketing, Human Resource Management, Operations and Finance – as well as discovering the constraints businesses face, such as competition, laws and the state of the economy.
The course gives students a greater understanding and awareness of the world they live in, but more specifically how individuals and businesses work within the economy. All aspects of the workings of a business are looked at with topics including advertising, workers and pay, how profits are made and the effects of businesses on the environment. The study of this subject will provide sound grounding for advanced levels in Business, Accounting, Economics and Travel & Tourism, along with a range of other options at post 16.
In Key Stage 5 we offer various topics and pathways which are suitable for various learning styles. These courses are:
- A Level Business - We explore the interrelated nature of business using business models, theories and techniques to support analysis of contemporary business issues and situations.
- A Level Economics - students use economic models to help them understand the complexities of the world around them, and use data to help them explore markets and economies and how governments try and influence both. Students are introduced to different perspectives, aspects of economic history and develop an understanding of economic issues. New content includes the financial sector and an introduction to behavioural economics, engaging students in current issues in economics.
- A Level Accounting – the qualification allows students to develop quantitative data analysis and interpretation skills, whilst the inclusion of ethics and an emphasis on management accounting will give students the confidence to communicate information to non-accountants and future clients.
- CTEC Business - From a small start-up business to a large multinational organisation, students will consider business’s internal structures and how different functional areas work together and the external constraints under which a business must operate. Students will also explore ways in which businesses respond to changes in their economic, social and technological environment; and gain an appreciation of the influence different stakeholders can have upon a business. As a vocational course, students will develop practical employability skills, including the ability to communicate effectively with both internal and external stakeholders, and to manage their time effectively.
- BTEC Travel and Tourism - The travel and tourism industry is one of the fastest growing industries in the UK. The value of tourism to the UK economy is approximately £209 billion, and the sector employs around 4 million people. Students will develop the skills needed to examine, interpret and analyse the importance of tourism to the UK and develop a successful marketing plan for use by a travel and tourism organisation to attract and engage with customers.
Enrichment and Extra Curricular Activities
In addition to the formal qualifications, the department has also co-ordinated various trips and activities, such as the 'Young Enterprise' scheme within the school. The Young Enterprise programme provides students with an opportunity to develop their entrepreneurial skills and teaches them how to survive and prosper in the workplace. Students participate in setting up and running a small business, taking responsibility for all aspects of it from production and marketing through to selling their product and keeping their accounts in order. This has also run as a Year 8 Tutor Competition called "The Tenner Challenge". Groups receive an initial investment of £10 and they have six weeks in which to make as much profit as possible.
‘Advertising Unlocked’ offers students an opportunity to work with an advertising agency for a day, developing creative ideas for real clients. Students have prepared pitches for campaigns such as the relaunch of Tango drinks. It is a very popular programme with Cheam High Sixth Form students and is offered to students predominantly in Year 12 as an extra-curricular activity. The programme is well supported by agencies across the country and allows students to work within an agency’s office for the day.
The Year 13 Economics students have visited the Bank of England for information and a lecture on their Finance work, interviewed an expert from the housing industry and spoken to staff at a City hedge fund. Staff have accompanied students to evening lectures at the London School of Economics to extend their understanding and give them a taste of university life.
In addition to this, the department offers a range of support sessions to aid students with their understanding of core business concepts and ideas. Information about these can be found in the school's Extra Curricular booklet.