Introduction to Business Studies – Grade 12
Business Studies in Grade 12 focuses on the principles of business management, entrepreneurship, and economic systems. It equips students with the knowledge and skills needed for business decision-making, financial planning, and corporate management. This subject is essential for students interested in careers in business, finance, marketing, and management.
Key Topics in Grade 12 Business Studies
1. Business Environments
- Micro, market, and macro business environments
- SWOT analysis (Strengths, Weaknesses, Opportunities, Threats)
- The impact of contemporary business challenges (globalization, technology, social responsibility)
- Strategies for adapting to challenges in business
2. Business Operations
- Human Resource Management (recruitment, selection, contracts, and labor relations)
- Quality Management and Control (Total Quality Management – TQM)
- Production and operations management
3. Business Ventures
- Entrepreneurship and business opportunities
- Forms of ownership (sole proprietorship, partnership, company, cooperative)
- Business plans and feasibility studies
- Leadership and management styles
4. Business Roles
- Corporate Social Responsibility (CSR) and ethical business practices
- Teamwork and conflict management in business
- Problem-solving and decision-making skills
5. Financial Management
- Financial statements (income statement, balance sheet, cash flow statement)
- Investment strategies (shares, bonds, unit trusts)
- Business budgeting and cost management
6. Marketing and Sales
- Marketing mix (Product, Price, Place, Promotion – 4Ps)
- Advertising, branding, and promotions
- Consumer rights and customer service
7. Legislation and Compliance
- Basic Conditions of Employment Act
- Labour Relations Act
- Consumer Protection Act
- National Credit Act
