Course curriculum

  • 1

    What Is The IB BM Toolkit?

    • There Are 62 Posts In This Course (4 Class Periods). Read, Watch & Do Everything In Your Exam Prep Composition Notebook.

    • 1. Write An Overview & Summary For Each Of The 3 Headings In This Textbook Chapter

    • 2. Copy This Poster With The 15 Tools Into Your Composition Notebook.

    • 3. List The Names Of The 15 BM Analysis Tools. Here Is The Table Of Contents (Scroll To The End) & Then You Can See The List Of Tools. Assignment: List The Name Of Each Tool & It's Chapter Number. Note: SL Is Allowed To Use HL Tools On The Exams!
  • 2

    TOOL #1 ANSOFF MATRIX: Use This To Analyze Product & Market Growth Strategies

    • 4. Read & Outline The Ansoff Matrix Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 5. Video: The Ansoff Chapter Review. Take Notes.

    • 6. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 3

    TOOL #2 BCG MATRIX: Use This To Plan A Balanced Product Portfolio

    • 7. Read & Outline The BCG Matrix Analysis Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 8. Watch The BCG Chapter Review. Take Notes.

    • 9. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 4

    TOOL #3 BUSINESS PLAN: A Great Business Plan Can Attract Investors & Bank Financing.

    • 10. Read & Outline The Business Plans Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 11. Watch The Business Plan Chapter Review. Take Notes.

    • 12. How Is The Business Plan A Business Tool? Take Notes.

    • 13. List The Steps You Must Follow In Creating & Using An Action Plan. Draw The Table Column Headings.
  • 5

    TOOL #4 CIRCULAR BUSINESS MODELS: Use This To Decide Which Of The 5 Models Is Best Suited To Help A Business Recycle, Reuse & Extend The Lifespan Of Their Materials & Products

    • 14. Read & Outline The Circular Business Models Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 15. IB Exam Review For Circular Business Models

    • 16. How To Explain The Importance Of A Circular Business Model On Your IB Exam. Take Notes.

    • 17. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 6

    TOOL #5 CONTRIBUTION CALCULATIONS: Use These 3 Quantitative Techniques To Evaluate If The Production Of A Product Brings In Enough Money To Help Pay The Costs Of Producing It

    • 18. Read & Outline The Contribution Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 19. The Contribution Calculation Is An Aspect Of Break-Even. Take Notes.

    • 20. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 7

    TOOL #6 CRITICAL PATH ANALYSIS: Use This Tool To Improve The Efficiency Of A Company's Production Processes

    • 21. Read & Outline The Critical Path Analysis Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 22. IB BM Critical Path Analysis Tutorial. Take Notes.

    • 23. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 8

    TOOL #7 DECISION TREE: Use This Quantitative Decision-Making Tool To Calculate The Monetary Value Of Multiple Strategic Options

    • 24. Read & Outline The Decision Tree Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 25 Video: Example of How to Create a Decision Tree (ex. format shown here = do nothing + 2 choices). Take Notes.

    • 26. Video: Slower Explanation of How To Create and Calculate a Decision Tree. Take Notes.

    • 27. Video: Another Detailed Decision Tree Tutorial. Take Notes.

    • 28. Video: Most Complete Explanation and Calculation of a Decision Tree. Take Notes.

    • 29. The Simplest Decision Tree Guide. Take Notes.

    • 30. MUST WATCH: Pros and Cons of Decision Trees (Use this for answering a higher mark question). Take Notes.

    • Questions?

    • 31. PRACTICE: Decision Tree #1. Draw & Calculate The Entire Tree Before Looking At The Key.

    • KEY: Decision Tree #1 - Add Color Corrections, Circle Matches, Scores and Examiner Notes

    • 32. PRACTICE: Decision Tree #2. Draw & Calculate The Entire Tree Before Looking At The Key.

    • KEY: Decision Tree #2 - Add Color Corrections, Circle Matches, Scores and Examiner Notes

    • 33. PRACTICE: Chapter 1.7 Decision Tree #3. Draw & Calculate The Entire Tree Before Looking At The Key.

    • KEY: Decision Tree #3 - Add Color Corrections, Circle Matches, Scores and Examiner Notes

    • 34. PRACTICE: Decision Tree #4 (From An Old Paper 1 IB BM exam: PU). Draw & Calculate The Entire Tree Before Looking At The Key.

    • KEY: Decision Tree #4 - Add Color Corrections, Circle Matches, Scores and Examiner Notes

    • 35. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 9

    TOOL #8 DESCRIPTIVE STATISTICS: Use These Calculations To Summarize Statistical Data & Determine Their Significance

    • 36. Read & Outline The Descriptive Statistics Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 37. Types Of Descriptive Statistics & Visual Tools To Summarize Them. Take Notes.

    • 38. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of These Tools As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 10

    TOOL #9 FORCE FIELD ANALYSIS: Use This Chart To Determine The Reasons Why A Business Should & Should Not Take A Certain Action

    • 39. Read & Outline The Force Field Analysis Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 40. Lewin's Force Field Analysis Tool Explained (You Can Also Use This For Yourself When Trying To Decide On Making A Change). Take Notes.

    • 41. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 11

    TOOL #10 GANTT CHART: Use This To Map Out & Organize The Delegation & Timing Of Project Tasks

    • 42. Read & Outline The Gantt Chart Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 43. The Gantt Chart Is A Great Project Management Tool. Take Notes.

    • 44. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 12

    TOOL #11 HOFSTEDE'S CULTURAL DIMENSIONS: Know These 6 Types Of Cultural Differences To Avoid Misunderstandings & Conflict In A Business Or Organization

    • 45. Read & Outline The Hofstede Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 46. Hofstede's 6 Cultural Dimensions Help Create A More Productive Work Environment. Take Notes.

    • 47. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 13

    TOOL #12 PORTER'S GENERIC STRATEGIES: Use This Matrix To Determine How A Business Can Gain A Competive Advantage

    • 48. Read & Outline Porter's Generic Strategies Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 49. Porter's Matrix Shows A Business How They Can Become More Competitive. Take Notes.

    • 50. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 14

    TOOL #13 SIMPLE LINEAR REGRESSION: Use These 3 Graphing Techniques To Discover The Relationship Between 2 Business Variables

    • 51. Read & Outline The Simple Linear Regression Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 52. Simple Linear Regression With Scatter Plots Help Owners Make Sales Predictions & Develop Growth Strategies. Take Notes.

    • 53. IB Exam Prep: Simple Linear Regression

    • 54. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 15

    TOOL #14 STEEPLE: Use This To Analyze The External Opportunities & Threats That Are Beyond The Control Of Any Business

    • 55. Read & Outline The STEEPLE Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 56. Example: Using STEEPLE To Analyze Amazon. Take Notes.

    • 57. The PESTLE Answers These 6 Questions. Take Notes.

    • 58. What Are Ethical Factors In A STEEPLE Analysis? Take Notes.

    • 59. STEEPLE/PESTLE/ PEST: 3 Ways To Analyze The External Factors Influencing The Success Of A Company. (The Included Assignment Is Optional). Take Notes.

    • 60. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 16

    TOOL #15 SWOT Analysis: Use This To Determine The Internal & External Factors Affecting A Business

    • 61. Read & Outline The SWOT Analysis Chapter. Add The Page Number To Your List In Assignment 3. Take Notes.

    • 62. This Is How You Combine Several Tools Into A Winning Business Strategy: STEEPLE - SWOT - ANSOFF - PORTER. Take Notes.

    • 63. Assignment: Be Creative & Come Up With A Unique Way To Remember The Key Parts Of This Tool As Well As The Advantages, Limitations, And The Meaning Of The Results.
  • 17

    Read All The Posts In Here. HLs Start The New Paper 3 Course & SLs Do More "Exam Prep 2024- 2030" Work.

    • Don't Waste Your 40 Minutes Of Class Time - Now Is Not The Time To Go To The Bathroom

    • HL Only: Enroll In The Paper 3 Course - Not For SL Students

    • HL & SL: Here Is The New Formula Sheet (It Should Be Labeled 2024 not 2016). There Are About Many More Formulas You Need To Know. Check Out Blooket!

    • HL & SL: The Link To Our Exam Prep Formulas Blooket

    • HL & SL: We Have Review Lessons & Practice Questions For All The Quantitative Questions On Your Exam In The IB Exam Prep Course

    • Do You Know You Have Access To The Entire Textbook?

    • Link To An IB Exam Review Website
  • 18

    Earning A Grade For This Toolkit

    • Be Sure Each Tool Is Labeled & Highlighted

    • There's More Tool Practice