Business management (PD) and Individual and Societies (MYP)

MYP 5 The Role of Business Class Summary MYP5 002-11-09-17 Summary ROLE OF A BUSINESS. According to Paul Hoang, a business is a decision making organization involved in the process of using inputs to produce goods and/or to provide services.  (Hoang, 2014) According to Peter Drucker, the purpose of a business is to combine human, physical and financial resources to create goods and services in order to satisfy the needs and wants of people, organizations and governments.   (Drucker, 2014) Needs are basic necessities that an individual requires to survive, while Wants are people’s desires.   A production process has 3 steps (Inputs are transformed by a process to get outputs). The Business Dictionary defines a production process as “mechanical or chemical steps used to create an object, usually repeated to create multiple units of the same item. Generally, involves the use of raw materials, machinery and manpower to create a product.” (Web Financial In...

DP 004-11-09-17 2.1 Functions and evolution of human resource management Dear Students - please answer questions (a) and (b) of the The Battle for the Best case study. (Taken from IB Training Booklet Using The OCC Resources). Deadline 12-09-17. (a)  Reputation, name recognition, and intellectual property such as knowledge and know how. Intangible assets are the long-term resources of an entity, but have no physical existence. They derive their value from intellectual or legal rights, and from the value they add to the other assets. Intangible assets are generally classified into two broad categories: (1) Limited-life intangible assets, such as patents, copyrights, and goodwill, and (2) Unlimited-life intangible assets, such as trademarks. In contrast to tangible assets, intangible assets cannot be destroyed by fire, hurricane, or other accidents or disasters and can help build back destroyed tangible assets Source: http://www.businessdictionary.com/definition/intangible-asse...

DP 2 1.2 Growth and evolution (Re-inforcement) DP 003-11-09-2017 Dear students - Please answer for Tuesday 12/09/17 the questions in case study WALMART (taken from: IB Training Booklet Using the OCC Resources). We will review them briefly in class.  Fernando.  (a) ii  1) FINANCIAL ECONOMIES. As one of the largest retail groups of Germany, Metro will be able to negotiate better interest rates with financial institutions, and consequently reduce its financial costs and improve profits. 2) PURCHASING ECONOMIES. Undoubtedly, Metro will have a greater leverage when buying in bulk from providers. Not only will Metro be able to get better credit terms on purchases from suppliers, but it will help Metro reduce its average costs, transfer those savings to customers, attract more clients, strengthen customer based loyalty, and consequently position itself as a dominant player in the industry.   (b) SUPPLIERS are one of many Metro stakeholders. They are worried...

Homework PD2 2.1 The HR (Workforce) Plan HOMEWORK DP YEAR 2 BUSINESS MANAGEMENT THE HR PLAN The functions and evolution of human resource management 002-06-09-2017 Deadline: 07/09/17 QUESTIONS 1.        Define the meaning of ageing population? Remember to include decreasing birth rates.  2.        The HR (workforce plan) has four components. Can you name them (RTAT)? Recruitment, Training, Appraisal, and Termination.  3.        Canada is one of the richest countries in the world. Its population grew at 0.94% last year. This was mainly attributed to new immigrants. Canada faces a shortage of young professionals, which might hinder future economic growth. Canada encourages and welcomes selected immigration. Outline 2 constraints and 2 opportunities, from a business perspective, of this situation. Constraints - 1) limited supply of high qualified professionals to suppo...

Reading Assignment QUESTIONS 003-06-09-17 Title: First Settler of America UNIT1: ABORIGINAL TIME OF AMERICA MYP 3 – Who were the First Americans? The National Geographic article talks about the Common Origin Theory or the Multiple Origin Theory? Who is Luzia? What aborigines do her facial features resemble? According to the article, the Amerindians descended from? The Paleoindians descended from? What kind of people do present day American Indians resemble?  Which origin theory is challenged (contested) by the findings in Baja California? Can you explain what kind of evidence the scientist use to challenge this theory?

CLASSWORK MYP 5 001-06-09-17 UNIT 1: THE ROLE OF BUSINESS FOR THIS CLASSWORK, CHOOSE A GOOD NOT A SERVICE. Identify two companies. Find out their vision and mission statements. Write them down in your notebook. Choose one of the above companies and determine what´s the company´s core business? Inquire and Answer the following questions: a.        What type of product or service does the company provide? (Explain it as if your teacher was an alien from outer space). b.       What need or want does that product satisfy? Explain. c.        Describe the production process to produce or provide that service. a.        Inputs (be explicit about the resources used) b.       Process (explain how inputs are transformed) c.        Outputs (list what the company offers) d.      ...

Dear PD 2 Students, Please print and read the following article about turnover rate from  by  Melany Gallant . Be ready to discuss it in class.  Thank you. Does Your Organization Have a Healthy Employee Turnover Rate