PD2 BM Internal Assessment STEP 1 Finding the right business.

BUSINESS MANAGEMENT INTERNAL ASSESSMENT

PLEASE REVIEW CHAPTER 6.2 INTERNAL ASSESSMENT (pages 568-572) 

STEP 1 FINDING THE RIGHT BUSINESS
1)    You should think about-
a.     What’s the core business of the company? How the business works? Medium size companies are preferable.
b.     Who will be your contact? Will he or she be able to give you information about the company?
c.      Is the contact reliable? Will the contact be 100% available to you when you need him/her?
d.     What possible business SITUATION is the company facing right now? In the near future? Is this a challenging ISSUE for the company (growth opportunities, structure re/organization, cutting back workforce, reducing or expanding business)? Is it possible to analyze this ISSUE and provide suggestions for a favorable outcome?
2)    You will need the business to-
a.     Allow access to interview workers and/or management.
b.     Provide you with financial information, such as 1. Budgets 2. Income Statement (Profit and Loss sheet) 3. Balance statement. 4. Tax information if required.
ALL FINANCIAL INFORMATION MUST BE OF THE LAST THREE YEARS
c.      The information you are asking for, and hopefully given, will be confidential and should be used in that way. No one besides the teacher and the IB examiner will read this information.
3)    Due date for the selection of the company is October 3, 2017.

   

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