Business
Subject Introduction
Studying Business gives students the opportunity to develop their literacy, numeracy and critical thinking skills through a less traditionally academic lens to those subjects that they had studied previously. Students choose to study business because it is ‘real’ - they have aspirations of becoming entrepreneurs, working in high income jobs or have a clear desire to ‘make money’. Students interact with businesses of varying size and sector on a daily basis and so it is an opportunity for the students to excel in a subject in which they are more able to contextualise their learning.
Business is an option subject at KS4, and as such, it is important that teachers are able to engage with students across all abilities and interests. Upon completing the KS4 curriculum all students should have a grasp of key terminology used in business but also throughout adult life, as well as an appreciation of external factors and the economy.
As pupils progress through Y10 and into Y11, students’ confidence and skill-level will grow and the scheme will help them extend and deepen their understanding of challenges that small businesses face to an awareness of the factors and risks involved in growing a business to become a global enterprise.
At A Level, Business serves as an option for students who have an interest in the subject as either a result of GCSE study or their wider understanding of the subject, wish to pursue a career in related sectors such as professional services, appreciate that understanding how businesses operate could enhance their ability to perform roles in other sectors such as engineering or to work with a department in a subject that has traditionally achieved good results and therefore operated as a ‘gateway’ qualification to higher education.
Key Stage 3
Subject Intent
The aims and objectives of the GCSE qualification are to enable students to:
- know and understand business concepts, business terminology, business objectives, the integrated nature of business activity and the impact of business on individuals and wider society
- apply knowledge and understanding to contemporary business issues and to different types and sizes of businesses in local, national and global contexts
- develop as enterprising individuals with the ability to think commercially and creatively to demonstrate business acumen, and draw on evidence to make informed business decisions and solve business problems
- develop as effective and independent students, and as critical and reflective thinkers with enquiring minds
- use an enquiring, critical approach to make informed judgements
- investigate and analyse real business opportunities and issues to construct well-argued, well-evidenced, balanced and structured arguments, demonstrating their depth and breadth of understanding of business
- develop and apply quantitative skills relevant to business, including using and interpreting data.
Key Stage 4
Subject Intent
Theme 1 comprises five topic areas:
- Topic 1.1 Enterprise and entrepreneurship – students are introduced to the dynamic nature of business in relation to how and why business ideas come about. They also explore the impact of risk and reward on business activity and the role of entrepreneurship.
- Topic 1.2 Spotting a business opportunity – students will explore how new and small businesses identify opportunities through understanding customer needs and conducting market research. They will also focus on understanding the competition.
- Topic 1.3 Putting a business idea into practice – this topic focuses on making a business idea happen through identifying aims and objectives and concentrating on the financial aspects.
- Topic 1.4 Making the business effective – students will explore a range of factors that impact on the success of the business, including location, the marketing mix and the business plan.
- Topic 1.5 Understanding external influences on business – students are introduced to a range of factors, many of which are outside of the immediate control of the business, such as stakeholders, technology, legislation and the economy. Students will explore how businesses respond to these influences.
Theme 2 also comprises five topic areas:
- Topic 2.1 Growing the business – students are introduced to methods of growth and how and why business aims and objectives change as businesses evolve. The impact of globalisation and the ethical and environmental questions facing businesses are explored.
- Topic 2.2 Making marketing decisions – students will explore how each element of the marketing mix is managed and used to inform and make business decisions in a competitive marketplace.
- Topic 2.3 Making operational decisions – this topic focuses on meeting customer needs through the design, supply, quality and sales decisions a business makes.
- Topic 2.4 Making financial decisions – students will explore the tools a business has to support financial decision making, including ratio analysis and the use and limitation of a range of financial information.
- Topic 2.5 Making human resource decisions – growing a business means that decisions relating to organisational structure, recruitment, training and motivation need to be made to influence business activity. These aspects are considered in this final topic.
Pupils should be taught to:
- apply knowledge and understanding to different business contexts. These include businesses ranging from small enterprises to large multinationals and businesses operating in local, national and global contexts
- develop an understanding of how these contexts impact on business behaviour
- use business terminology to identify and explain business activity
- apply business concepts to familiar and unfamiliar contexts
- apply knowledge and understanding to business decision making, including:
the interdependent nature of business activity, influences on business, business operations, finance, marketing and human resources; and how these interdependencies underpin business decision making
how different business contexts affect business decisions
the use and limitation of quantitative and qualitative data in making business decisions
- develop problem-solving and decision-making skills relevant to business
- investigate, analyse and evaluate business opportunities and issues
- make justified decisions using both qualitative and quantitative data, including its selection, interpretation, analysis and evaluation, and the application of appropriate quantitative skills.
All pupils must have the opportunity to study aspects of information technology and computer science at sufficient depth to allow them to progress to higher levels of study or to a professional career.
All pupils should be taught to:
- develop their capability, creativity and knowledge in computer science, digital media and information technology
- develop and apply their analytic, problem-solving, design, and computational thinking skills
- understand how changes in technology affect safety, including new ways to protect their online privacy and identity, and how to identify and report a range of concerns.
Teaching and Learning Approach
Explanations
Whilst a significant proportion of the specification will relate to students’ own experiences, the terminology and nuances in differences between key terms and scenarios requires clear explanation.
Key terms will be identified on the specification, with those key terms that can present challenge to students clearly highlighted.
Key terms are usually explained through worked examples in the form of business scenarios / case studies. Where possible, we use local businesses and/or industries understood to students and their experiences.
Definitions are usually written in exercise books/included in worksheets after the teacher has explained through worked examples. Whilst we may explain some of the keywords in more simple terms, it is important that students know the strict definitions as they may be assessed on their understanding of the differences between definitions e.g. a bank loan and overdraft.
It is important therefore that clear routines have been established in class so that all students know that they are expected to listen intently.
Questioning
Lessons should start with a ‘Fast 5’ activity or similar, using whiteboards where appropriate. The purpose of the questions should be to recap work from previous lessons, link previous content that will link to new content and/or to introduce new content. Definitions and the differences between definitions should be checked routinely and be used to address misconceptions.
Discussion is an opportunity to assess the pupils’ retention of knowledge from previous lessons as well as understanding and past experiences with business. The expectations of discussions must be clearly explained prior to allowing the pupils the chance to do so. The pupils must be taught over time how to discuss effectively, who to discuss with, how to listen effectively, what the time should be used to do and what to do when neither partner remembers the answer.
The teacher must hold the pupils to account should they fail to achieve these expectations.
Where expectations are not met, teachers should not be afraid of targeting students for discussion with the class so that they are aware that a lack of engagement is unacceptable.
While the discussion occurs, it is important that the teacher ‘circulate’ to assess understanding, but also to be able to select a pupil with an adequate response as a starting point to help move the lesson along and maintain a good pace which is vital to engagement. Additionally, where misconceptions have been identified in discussions, these should be addressed with the class, ensuring that business language is refined and in line with the expectations of the specification.
Discussion activities should be scaffolded through a series of questions on the board. Students should be encouraged to also debate with other pairs where appropriate e.g. when studying business ethics or sources of finance, for example.
All students should be given the opportunity to feedback on discussion activities. It is important therefore that the classroom culture should help to breed confidence and acceptance of incorrect/inaccurate responses, with the teacher offering praise for participation and also guiding students towards correct responses.
The seating plan is an important tool to help aid the teacher. By using the seating plan effectively, stronger pupils can aid weaker pupils in different areas such as verbal responses, written responses or handwriting and presentation issues, which in turn deepens their own understanding. These seating plans should be derived from a holistic approach taking into account behaviour, verbal responses given, effort shown in written response, and progress made shown through the use of assessment data available. This is not an exact science, and teachers may choose to seat students next to others whom they ‘work well with’ and provide a competitive element.
Once the pupils show understanding of the basic concepts, the questions should increase in difficulty and the pupils should be expected to extend their answers. It is through the use of questioning that a teacher should assess whether the pupils understand and have retained the knowledge and skills required to move on to the next part of the lesson. This shows that these responses inform planning.
Business provides the opportunity to ‘bounce’ questions and answers between students to help develop the necessary analysis and evaluative skills demanded by the specification. Teachers should consider which students are best suited to answer each question based on ability, ensuring that every student has the opportunity to contribute to lessons as well as listen to and learn from the developed answers given by other students. This helps to create a culture of ‘always on’, with students knowing that they could be asked or bounced a question at any time.
Modelling
Modelling helps to ensure that lessons follow the correct structure and routines are established within lessons. From how to discuss to even how to exit a room, all aspects of the lesson should be modelled when introduced. It is then the role of the teacher to enforce these routines and ensure that they are followed from that moment on.
Modelling can also be done to develop the pupils’ verbal and written responses. The modelling of outstanding responses and the content of good verbal and written responses should be outlined and clear to the pupils prior to engaging in the activity of discussing or writing.
Modelling of answers and expectations should be used throughout lesson activities. In the main, an ‘I do, we do, you do’ structure helps students to understand what is expected, what written structure to follow (exam questions), formulas to use (calculation questions) and minimum expectations for the completion of other lesson activities e.g. worksheets, tables etc.
Students should be given a range of questions to practice and challenge their understanding, whilst also providing opportunity for the teacher to circulate and live mark in class. Again, common misconceptions can be addressed as a class and teachers should not be afraid to pause activities and remodel should understanding not be clear.
Students should be able to refer to the exam technique sheet and/or be modelled clearly on the board by the class teacher before each task.
Challenge and Adaptive Teaching
All pupils must meet the learning outcomes and objectives set out in the scheme of work. The teacher will skilfully devise activities appropriate to the ability level, but the scheme will remain the same with the outcomes being the same. These activities that the class should complete and any expectations of verbal and written work will need to be tempered accordingly in order to structure the lesson well enough for the less able and to challenge the most able. For pupils with SEND needs, it is important that the teacher ensure that the Pupil Passport is followed, but that the pupils are expected to conform to all expectations possible.
Teachers should not be afraid to introduce KS5 content in KS4 lessons to both introduce further challenge but also drive confidence that students could achieve at A Level.
Powerful Knowledge
Where possible and relevant, teachers should take the opportunity to impart ‘Powerful Knowledge’, information and ideas that go beyond the specification that either provides challenge or helps students to understand the wider context of topics. For example, the KS4 specification requires students to understand the impacts of inflation and interest rates, but there is no expectation that students understand the relationship between the two. Similarly, business ethics requires students to understand the trade-off between ethical production and profits but there is no expectation that students understand who in society might be more likely to purchase based on ethics or how ‘ethical’ may be interpreted differently around the world.
Opportunities should be outlined in the Scheme of Learning across both KS4 and KS5 and should not be delivered at the sacrifice of specification content.
Marking and Feedback
Any written work completed in class should be purposeful and give the pupils the opportunity to show their clear understanding of what they have been taught. Improvements can be made through discussion and verbal feedback from the teacher, but the main method used is through written feedback.
It is the teacher’s responsibility each time that the pupils write in their exercise books to specify the title and remind the pupils to add the classwork, date, underline it and to write neatly. This is best done through modelling. Failure to model the correct method will result in pupils failing to adopt the correct attitude and a lot more work for the teacher in getting the pupils to rewrite the work or complete handwriting and presentation corrections. Should the pupils fail despite these warnings, these pupils must be targeted in the future for specific regular book checks and questioning in order to realign their expectations. Similarly, folders should be regularly checked at KS5 to ensure that all expectations are met in regards to PLC’s, lesson notes and Cornell notes.
All exercise books will be marked in accordance with the whole-school marking policy. A particular focus on handwriting and presentation from the start of the year is vital to the success of the pupil and the attitude that they display for the rest of the year. Content should be marked for accuracy and in order to check that the pupils have each part of the answer completed. Similarly, lessons and activities should be planned as to ensure that there is ample opportunity to correct misunderstanding in lesson
Pupils will be given an action point where they have failed to show their understanding. The starter activity of the following lesson should be used to guide students through their action points through a ‘Fast Five’ or similar activity. Literacy will be marked in line with the whole-school policy whilst only underlining misspellings of subject-specific keyword vocabulary.
The vast majority of written tasks will be a timed activity. The teacher should target students at the start of each task based on ability and attitude to learning to clarify understanding and expectations of the task, as well as provide sentence starters, for example, where necessary.
Where possible, teachers should use the visualiser to illustrate examples of high quality work as well as work that requires improvement, so that students are able to identify common errors and how to improve answers based on teacher guidance.
Feedback is incredibly important in order to drive improvement and so the pupils must act upon it. Once the teacher has completely marked a set of exercise books, an appropriate amount of the next lesson must be spent reflecting upon the work, discussing recurring action points as a whole class and improving work within them. Without this activity the impact of marking is lost. Where pupils have failed to complete action points or handwriting and presentation corrections, this should be dealt with by the teacher through academic intervention and break time/lunch-time detentions.
Following on from marking, the teacher should consider how the content was taught and improve the resources or their own explanations to better reflect what they intended the pupils to write in their exercise book. This will drive their own improvement for other classes and in the future and that the scheme of work is changed to reflect these changes. For the current class, however, it is important that any common misconceptions are addressed in the very next lesson and any topics where this is the case are retaught correctly.
Pupils that miss lessons will be expected to copy up work on return to class and will provided with the work from another pupils’ exercise book at the next marking cycle at the very latest should they not take initiative and complete the work themselves. Repeated failure to do so will require academic intervention from the teacher.
Teaching for Long Term Memory
The scheme was sequenced so that the topics interlink well in order to build and develop the pupils’ understanding over time. The order also allows for regular recapping of previous learning and key topics to further embed it within the pupils’ long-term memory. These recaps are indicated and explained prior to new learning being taught and teachers should use the skills of questioning and modelling to have the greatest impact. Regular recaps of what they discussed last lesson from early on in the year will develop resilience, whilst forming the basis of a recurring theme in computing lessons where each lesson builds upon the learning or at least recaps the learning of the previous one.
It is important for assessments and GCSE examinations that the content of the course, is remembered for the long-term and as such, every effort must be made to link the learning together where advised. Not doing so would inhibit the pupils’ ability to make progress over time. The methods used for revision can vary, but the one used most effectively in business teacher led mindmaps. Pupils must be taught by the teacher how to create an effective mindmaps and how to use them for their revision to ensure that it has the maximum impact.
Homework
Homework must be set in line with the whole-school homework policy and timetable and will be appropriate for the key stage and ability level of the class. Homework should recap prior learning where possible or prepare the pupils for the future lesson and be of sufficient length and depth to challenge the pupils. At KS4, homework will tend to be through digital tools such as Seneca Learning, completion of exam questions/case studies from lessons and key term revision and tests.
These tasks help to embed and revisit content but also provide students the opportunity to receive either live feedback (Seneca) or receive written feedback that can help students to develop their answers further through action points.
Occasionally, homework could be to research and prepare slides on, for example, entrepreneurs at the beginning of Year 10. This tasks should follow a clear structure, with instructions easy to follow so that all students are able to access the task and produce high quality work that they may be expected to present to the rest of the class.
Assessment
Summative assessments should be designed based on the content that has been taught to that point, the skills that have been developed (AO1, AO2, AO3a and AO3b at KS4, AO1, AO2, AO3, and AO4 at KS5). It is usual that assessments do not test evaluative skills at KS4 in the first term of KS4 and that question length increases as more content is covered given the synoptic nature of the subject. This means that only 1,2,3 mark questions are assessed in term 1 at KS4 and 2,4, 8 and 10 are assessed at KS5.
All assessments are based on exam questions from previous exam papers or exemplar material provided by the exam board. This provides students with the necessary practice and feedback to develop the skills required to achieve in their final exams.
QLA performed by the class teacher should inform whole class feedback and planning, with a clear focus of the teacher being on the business language used, the structure of answers and any misconceptions in understanding.
By the time all content from the specification has been taught, students should have been assessed on all skills and content.
The Head of Department ensures that assessments are checked and verified with line managers and that there is a clear and shared rationale for the awarding of progress grades for reporting to parents. This will incorporate the use of formative assessment, enabling teachers to use their daily feedback through questioning and marking, to inform decisions related to progress grades.
Reading and Literacy
Reading and literacy is an essential skill in Business both at KS4 and KS5. Exam papers at both levels require students to a) understand the demands of the questions and b) respond to scenarios in case studies. In order to access the case study at KS4, students must have a reading age of 13 and at KS5 of 16.
Given the mixed ability of classes at both KS4 and KS5, it is important that students are able to regularly practice reading in lessons, identify information that is critical to answering a question and also consider the impact of the scenario on any given business, across a range of sectors, industries and size.
It is fortunate that in Business teachers are able to regularly refer to current affairs in the news to help students to understand lesson content. It is important that, to maximise engagement, news articles are as up to date as possible. Reading ages should be used to help produce differentiated reading material where necessary so that all students can access material, using tools such as Diffit.
Students are expected to read in silence and respond to pre-prepared questions linked to the article. The teacher will then read through the content again with the class, either led by the teacher or through student participation. Keywords and critical information should be highlighted and discussed so that students fully consider the implications of the article/case study.
Similarly, when data is presented in a case study/news article, students should be encouraged to draw their own conclusions before these are then discussed at whole class level.
KS4 Overview
Theme 1 - Investigating Small Business
Focus: How small businesses start, operate and respond to internal and external factors.
1.1 Enterprise and Entrepreneurship
- The dynamic nature of business ideas
- Why new business ideas arise
- The role of risk and reward
- Purpose of business enterprise and entrepreneurship
1.2 Spotting a Business Opportunity
- Understanding customer needs
- Market research methods and use of data
- Market segmentation
- The competitive environment
1.3 Putting a Business Idea into Practice
- Business aims and objectives
- Calculations: revenue, costs, profit & loss
- Cash flow and why it’s critical
- Sources of business finance
1.4 Making the Business Effective
- Business ownership types (sole trader, partnership, private company)
- Benefits/limitations of franchising
- Business location decisions
- The marketing mix
- Role of business plans
1.5 Understanding External Influences on Business
- Business stakeholders and their objectives
- Technology and its influence on business
- Legislation affecting business
- Impact of the economic climate
- Responding to external influences
Theme 2 - Building a Business
Focus: How businesses grow, make strategic decisions and manage key functional areas.
2.1 Growing the Business
- Methods of business growth (internal/external)
- Why business aims / objectives change
- Globalisation and international trade
- Ethical and environmental considerations
2.2 Making Marketing Decisions
- Product design mix & product life cycle
- Pricing strategies and influences
- Promotion methods including digital technology
- Place (distribution) decisions
- Using the marketing mix for competitive advantage
2.3 Making Operational Decisions
- The purpose of business operations and production types
- Working with suppliers and managing stock
- Quality control and customer service
- The sales process
2.4 Making Financial Decisions
- Business calculations: gross / net profit & margins and ARR
- Interpretation of financial and market data
- Understanding limitations of financial information
2.5 Making Human Resource Decisions
- Organisational structure and communication
- Recruitment and selection
- Training and development
- Motivation methods
- Impact of technology on ways of working
Key Stage 5
Subect Intent
Theme 1 - Marketing and People
Overview: Introduces core business markets, the role of marketing, and people management in organisations. Students explore how businesses identify opportunities, compete, and respond to customer needs.
Content Areas:
Market Fundamentals
- Meeting customer needs and market concepts
- Market research methods and interpretation
- Market segmentation and targeting
- Market positioning and competitiveness
Marketing Mix & Strategy
- Product design, branding and development
- Pricing strategies and influences
- Promotion and place (distribution) decisions
- Marketing strategy adaptation to internal/external environments
People and Organisations
- Staffing: recruitment, selection, training
- Organisational structures and communication
- Leadership styles and motivation theories
- Entrepreneurial roles and influences within businesses
Theme 2 - Managing Business ActivitiesOverview: Focuses on core business operations, finance and the influence of internal and external environments on business activities.
Content Areas
Finance & Financial Planning
- Raising finance (internal/external sources)
- Financial calculations: revenue, cost, profit
- Break-even analysis and budgeting
- Interpreting financial data and reports
Operations & Resource Management
- Production methods and capacity utilisation
- Stock control and supply chain management
- Quality assurance and efficiency measures
- Use of ICT and technology in operations
External Influences
- Economic influences (e.g., inflation, exchange rates)
- Legal and regulatory factors
- Competitive environment pressures
Theme 3 - Business Decisions and Strategy
Overview: Builds on earlier themes to develop strategic thinking. Students evaluate how firms make decisions to achieve objectives and respond to dynamic markets.
Content Areas
Corporate Objectives & Strategy
- Setting business objectives and strategic development
- Methods of growth: organic, mergers, acquisitions
- Ansoff’s Matrix, SWOT analysis, and other strategic tools
Decision-Making Techniques
- Sales forecasting and quantitative methods
- Investment appraisal techniques
- Decision trees, critical path analysis (CPA)
Influences on Business Decisions
- Stakeholder interests vs. shareholder returns
- Corporate culture and ethics
- Assessing competitiveness and evaluating change
Theme 4 - Global Business
Overview: Extends understanding from earlier themes into international contexts. Students explore how globalisation shapes business strategy and operations.
Content Areas
Globalisation & Global Markets
- Drivers of globalisation and its effects on organisations
- Trade, FDI (Foreign Direct Investment), and global competition
- Protectionism and trading blocs
International Strategy
- Entering and expanding into global markets
- Global marketing strategies and adaptation to cultural differences
- Role and impact of multinational corporations (MNCs)
Global Ethical & Environmental Issues
- Responsible business practice in a global environment
- Managing ethical considerations and sustainable approaches








