The Preliminary Course in Business Studies covers a range of topics associated with the establishment and conduct of Businesses.
It begins with the Nature of Business which covers small to medium enterprises and their importance in society.
The course continues by studying the Establishment of a Business wherein the students investigate what needs to be considered when establishing a business such as location, market research, capital and the entrepreneurial skills required.
The next unit of work covers Developing a Business Plan - the document which drives the creation and maintenance of a business but which must remain flexible enough to respond to changing conditions in the business environment.
The course ends with a study of the four Key Business Functions necessary to establish and implement to achieve business goals - marketing, employment relations, accounting and operations.
During the course students also conduct a Business Research task which constitutes 30% of the course. They investigate the operations of an existing small to medium business, interpret and analyse all aspects of the business and present their findings in a Report.
