| Option | Time to add 10 hotels | Cost to Lochside | Control over each hotel |
|---|---|---|---|
| Build new hotels itself | 6 years | £40 million | Full control |
| Franchise its brand to other owners | 2 years | £1 million | Shared with franchisees |
| Take over Bay Hotels plc (10 hotels) | 1 year | £30 million | Full control |
What is in Higher Business Management: the course content
Higher Business Management has five areas of study. The question paper is 70 marks in 2 hours 15 minutes: a 30-mark case study in Section 1 and five 8-mark questions in Section 2. A 30-mark assignment, done in school, makes up the rest of the award.
26 weeks, 104 hours in all
Start with Area 1
Understanding business: 19.2 of your hours. It is 4 of the 20 questions on our timed knowledge checks, 20%.
| Area | Your hours | Share of the checks |
|---|---|---|
| Area 1: Understanding business | 19.2 | 20% |
| Area 2: Management of marketing | 19.2 | 20% |
| Area 3: Management of operations | 19.2 | 20% |
| Area 4: Management of people | 19.2 | 20% |
| Area 5: Management of finance | 19.2 | 20% |
Week by week
- Week 1Area 1: Understanding business
- Week 2Area 1: Understanding business
- Week 3Area 1: Understanding business
- Week 4Area 1: Understanding business
- Week 5Area 1: Understanding business, Area 2: Management of marketing
- Week 6Area 2: Management of marketing
- Week 7Area 2: Management of marketing
- Week 8Area 2: Management of marketing
- Week 9Area 2: Management of marketing
- Week 10Area 2: Management of marketing, Area 3: Management of operations
- Week 11Area 3: Management of operations
- Week 12Area 3: Management of operations
- Week 13Area 3: Management of operations
- Week 14Area 3: Management of operations
- Week 15Area 3: Management of operations, Area 4: Management of people
- Week 16Area 4: Management of people
- Week 17Area 4: Management of people
- Week 18Area 4: Management of people
- Week 19Area 4: Management of people
- Week 20Area 4: Management of people, Area 5: Management of finance
- Week 21Area 5: Management of finance
- Week 22Area 5: Management of finance
- Week 23Area 5: Management of finance
- Week 24Area 5: Management of finance
- Week 25A Section 1 case study and two Section 2 questions against the clock, then rewrite every weak answer
- Week 26A Section 1 case study and two Section 2 questions against the clock, then rewrite every weak answer
| Question paper | 70 marks in 2 hours 15 minutes, 78% of the award |
|---|---|
| Section 1 | One case study question, 30 marks |
| Section 2 | Five questions, 8 marks each |
| Assignment | 30 marks, 22% of the award, done in school |
The five areas of study
- 1 Understanding business: types of organisation, objectives and growth, internal and external factors, stakeholders, structures, decision making and the role of a manager.
- 2 Management of marketing: customers and market research, the product, price, place and promotion, people, process and physical evidence, and technology in marketing.
- 3 Management of operations: inventory, methods of production, quality, ethical and environmental operations, and technology in operations.
- 4 Management of people: workforce planning, training and development, motivation and leadership, employee relations and employment law, and technology in human resources.
- 5 Management of finance: sources of finance, cash budgets, financial statements, ratios and technology in finance.
How the question paper is set out
Section 1 is one question in several parts about a business in a case study, with text, financial information, graphs or charts. Each part is worth 1 to 8 marks. Section 2 has five questions worth 8 marks each, in one to three parts, and they can come from any area. Every question is compulsory, and a calculator may be used.
The assignment
The assignment is a 30-mark business report you carry out in school, scaled to 22% of the award. It is set and marked outside the school. This course describes it but does not practise or mark it: your teacher guides you through it.
Try 2 questions
Next step
Questions people ask
How many marks is the question paper?
70 marks in 2 hours 15 minutes: 30 for the Section 1 case study and 40 for the five Section 2 questions. It is scaled to 78% of the award.
Is there coursework in Higher Business Management?
Yes, the assignment: a 30-mark report done in school, scaled to 22% of the award. This course prepares you for the question paper only.
Do I have to calculate ratios?
No. You do not have to prepare a cash budget or financial statements or calculate ratios, but you do need to interpret them: say what they show about a business and what it could do.