How to pass GCSE Business Studies
GCSE Business Studies is becoming a popular choice in Year 10. The subject is designed for students to learn the skills for running a business and covers topics such as managing money, advertising, marketing and human resources. Aside from key business knowledge, Business Studies will prepare you for A-Levels and BTEC courses in a variety of subjects from Year 12 onwards.
It's an ideal subject to take if you have an entrepreneurial side or eventually want to work in business such as marketing, finance or human resources.
Though general in outlook, the subject in most exam boards looks at:
1. Business in the real world - the role of business in the world and society
2. What influences business - the economy, customer, stakeholders, product and price, globalisation, politics
3. Business operations - business plan and aims, competition
4. Human resources - employing staff, the rights of employees
5. Marketing - market research, customer needs, communications
6. Finance - business revenue costs and profits, cash flow, sources of finance
Learn to write strong essays
Business studies is marked on your exam essays, and you will lose marks if you don't express yourself clearly, so focus on making sure all your essays are razor sharp. The most important facet should be to support your arguments with strong references and examples. So, for every point you make, back it up with a reference or direct quote or case study to strengthen your argument.
What also helps is to do as many past papers as you can and practise essay writing in timed conditions. Remember, examiners, are looking to see your arguments and interpretation of key business ideas. If you struggle with this, a tutor can help you craft the answers that examiners want.
Read the business news
Taking an interest in businesses and business news is one of the crucial ways to get to grips with the topics within Business Studies. Not only does this expand your understanding of the subject, but it will also help you with your essays. Read newspaper articles that expand on the topic areas you are studying. Such subjects as globalisation, the economy and business interests will help immensely. Also, read about businesses you are interested in, perhaps Nike, or Netflix and Amazon - this will help you understand how business works and makes money.
Business books are another good way of widening your business knowledge. Finding out how big brands work or how start-ups survive will give you a lot of insight into the nature of business in the current climate. Finally, read the business opinion and analysis articles - as these are a good way to open your mind to common business debates and ideas that you can also later use in your essays.
Listen to business podcasts
Podcasts are another way to expand your understanding of business. What's great about them is getting first-hand knowledge and ideas from incredible business entrepreneurs and leaders every week. Try How I Built This by Guz Raz, which offers up stories behind some of the world's best-known companies. Raz chats with successful business owners about where they came up with their ideas and how they grew. Or Ted Business is another good one. Host Modupe Akinola of Columbia Business School presents surprising ideas that will illuminate the business world for you.
Work with a business tutor
Working with a business tutor can help you to understand the complexities of the business world. It can also help with understanding how each of the key topics studied link to the other. More importantly, tutors can help you get full marks by perfecting your essay and analysis skills, which is an important aspect of GCSE Business Studies.