Business studies provides young people with knowledge and skills related to the process of starting and running a business. This helps them develop an entrepreneurial mindset, encouraging them to think creatively, understand business risks, and explore the various types of business organisations. They learn about financial management including cash flow, profitability and sources of finance, this knowledge equips them with essential skills to manage their own finances effectively, make informed financial decisions, and plan for their future.
Business studies encourages students to think critically, analyse business situations, and propose effective solutions. Students engage in case studies and group projects that require them to think critically, make decisions, and solve problems.
This subject often incorporates real-world examples, case studies, and business visits, allowing students to connect theoretical knowledge to real-life situations. This helps them develop a better understanding of how businesses operate and prepares them to face real-world challenges. They begin to think critically about their local High Street and the offerings they bring to the local community; in terms of jobs, ethics, products and services.
Students are introduced to various career paths in the business world. It helps them explore different areas such as marketing, finance, human resources, entrepreneurship, and management. This broadens their career options and equips them with foundational knowledge required for pursuing higher education or entering the workforce.