Ib business & management- extended essay, IBDP Business Management

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Business Extended Essay

The Extended Essay is a compulsory requirement of the IB Diploma and attaining a grade below a D results in the failure to be awarded the Diploma.

Students who do an Extended Essay (EE) in Business & Management, have to write about:-

An issue or topic related to the IB Business & Management syllabus that interests them

Something that is happening at the moment in business current affairs

An aspect of a student’s own experience

Business practices in a specific regional or national context

The practical applications of the work of a particular business management theorist.

Ideally the research question should be sharply focused (see my blog entry on sharply focusing questions for the Internal Assessment), forward-looking not backward looking, and should be rooted in a real world setting, i.e. be based on an actual company, industry, buy an essay online market or business situation.

Importantly, an Extended Essay in Business should not be an extension of (or exactly the same as) a piece of Internal Assessment (IA) in business.

The table below helps you see the differences and similarities between the Business IA and an Extended Essay:-

Internal Assessment Verses Extended Essay.

*= the Business and Management guide to the EE says that primary data collection is not necessary for the EE, but could be conducted provided it adds "substantial value" to the EE.

** = Students are certainly encouraged to explore and use the core concepts when writing their Essays.

IBDP Business Management

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The BM Extended Essay

The popularity of Business Management for the Extended Essay is highlighted in the line graph above, which illustrates an impressive growth rate of 390.8% over the period shown. Business Management is now the fifth most popular EE subject (after History, English A, Psychology, and Biology).The Extended Essay aims to provide students with the opportunity to:pursue independent research on a focused topic

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Master the Business and Management Extended Essay in Three Easy Steps

Here's a great structure to follow when you're writing your Business EE or IA. Keep in mind for your EE that you'll also want to include a lot of extra insights from secondary sources. But this structure will help you manage your main body arguments, which are based on Business analysis.

Lets say you’ve chosen (as your EE question) to explore whether a restaurant should relocate from one shopping mall to another one. The second location is more popular, but also more expensive. Great!

This is great because it’s a toughy.

Easy questions (questions with pretty obvious answers) are not good extended essay questions because they don’t let you show off how well you know your stuff. You need to get from your Research Question to your Answer, but we need to make sure that we don’t simply jump from one to the other, without doing careful analysis. There are three simple steps you need to follow to make sure you do this properly. It works every time.

To get from your RQ to your answer you obviously use models. But you need to use them in a particular way to show your thinking. Here is what you do each time you come to a model: JAM!

Step 1: Justify

Justify the use of this model. Why do you need to use this model (SWOT, Decision Tree, or Ratio Analysis) to answer your Research Question. Make it clear that you are doing a SWOT analysis because a SWOT is necessary to answer this particular question. The insights a SWOT analysis provides are essential when dealing with a question like this. Or, why must you determine the current ratio?

Step 2: Analyze

Fill in your model. What does the SWOT (or Decision Tree or Ratio Analysis) say? Work it out. What are the organizations Strengths, Weaknesses, etc. Write it down.

Step 3: Mini-conclusions

After you’ve done your analysis, make sense of it for the reader. What conclusions can we draw in general and essay buy online most importantly, what does this model tell us about the answer to our Research Question? Just looking at this model, should the business relocate or not?

Connect your mini-conclusion for this model to the mini-conclusions you have made from your other models. Don't skip this step! If you keep doing this (connecting your mini-conclusions, making comparisons as you go, synthesizing and making sense of it as you go), by the time you actually get to your real conclusion, the result will be obvious and your argument will be strong and balanced.

You Tell'em

There is a saying in journalism that goes like this, "Tell'em what you're gonna tell'em, tell'em, then tell'em what you told'em." It is a fail-safe approach for clear communication and basically what we’re trying to do here. You're building an argument. You're showing that your thinking process is organized and clear. And that makes it convincing.

Write like a wise guy

A great extended essay reads like a wise person wrote it, a person who understands that things are complicated and business questions are often hard to answer. Think of your ToK class here: it’s great to pull in some counter claims, to show that there are some good arguments for, say moving the restaurant, but there are also some risks. But try to always put these opposing insights inside the models (inside Step 2). And, to fit all into the word count, stay focused on your models (Read: Speak like your doctor). Good luck!

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