Business Studies - Junior Secondary 1 - Introduction to Business Studies

TERM: 1^ST TERM

WEEK TWO

Class: Junior Secondary School 1

Age: 12 years

Duration: 40 minutes of 5 periods each

Date:

Subject: BUSINESS STUDIES

Topic: INTRODUCTION TO BUSINESS STUDIES

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

I.) Explain the Meaning of Business Studies

II.) State the Importance of Business Studies

III.) Identify the Components of Business Studies

IV.) List Career/Employment Opportunities in Business Studies

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures,

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

NOTE

INTRODUCTION TO BUSINESS STUDIES

Business Studies refers to the academic discipline that encompasses knowledge and skills related to the operation, management, and organization of businesses. It covers various aspects such as finance, marketing, entrepreneurship, human resources, operations management, and strategic management.

Importance of Business Studies

1. It equips individuals with practical skills necessary for managing businesses, such as financial analysis, marketing strategies, and organizational behavior.
2. Provides a wide range of career options in fields like management, finance, marketing, consulting, and entrepreneurship.
3. Helps in understanding the role of businesses in economic development and how economic factors influence business decisions.
4. Provides insights into international business practices and global markets.
5. Encourages analytical thinking and problem-solving skills essential for decision-making in business contexts.

Components of Business Studies

Business Studies typically includes the following components:

1. Finance and Accounting: Covers financial management, accounting principles, and financial analysis.
2. Marketing: Focuses on understanding consumer behavior, market research, branding, and promotional strategies.
3. Human Resource Management: Deals with managing people within organizations, including recruitment, training, performance evaluation, and labor relations.
4. Operations Management: Involves managing production processes, logistics, supply chain management, and quality control.
5. Entrepreneurship: Covers starting and managing new businesses, innovation, and business planning.
6. Strategic Management: Focuses on formulating and implementing organizational strategies to achieve competitive advantage.

Career/Employment Opportunities in Business Studies

1. Management Roles: Such as business manager, operations manager, or project manager.
2. Finance and Accounting: Careers like financial analyst, accountant, auditor, or investment banker.
3. Marketing: Positions such as marketing manager, digital marketing specialist, or market researcher.
4. Human Resources: Roles like HR manager, recruiter, training and development specialist.
5. Consulting: As a management or strategy consultant, offering advice to businesses.
6. Entrepreneurship: Starting and managing one's own business venture.

EVALUATION: 1. What is the meaning of business studies

2. Mention 4 importance of business studies
3. Identify 5 Career/Employment Opportunities in Business Studies

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively