Theme 1 concentrates on the key business concepts, issues and skills involved in starting

and running a small business. It provides a framework for students to explore core concepts

through the lens of an entrepreneur setting up a business.


In this theme, students will be introduced to local and national business contexts and will

develop an understanding of how these contexts impact business behaviour and decisions.


Local contexts refer specifically to small businesses or those operating in a single UK location

and national contexts relate to businesses operating in more than one location or across the

UK.


Students must develop an understanding of the interdependent nature of business activity

through interactions between business operations, finance, marketing and human resources,

as well as the relationship between the business and the environment in which it operates.

Students must understand how these interdependencies and relationships underpin business

decisions.

Theme 2 examines how a business develops beyond the start-up phase. It focuses on the key business concepts, issues and decisions used to grow a business, with emphasis on aspects of marketing, operations, finance and human resources.Theme 2 also considers the impact of the wider world on the decisions a business makes as it grows.

In this theme, students will be introduced to national and global business contexts and will develop an understanding of how these contexts impact business behaviour and decisions. National contexts build on those in Theme 1 and relate to businesses operating in more than one location or across the UK. Global contexts relate to non-UK or transnational businesses. 

Students must develop an understanding of the interdependent nature of business activity through interactions between business operations, finance, marketing and human resources, as well as the relationship between the business and the environment in which it operates. Students must understand how these functional areas influence business activity and how interdependencies and relationships between them underpin business decisions.