Business, Economics and Retail
At Beauchamps High School we endeavour to have a curriculum that is underpinned by our vision and core values. Business and Enterprise is a department has expanded over the past few years, especially with our KS5 curriculum. At the heart of this department is the curriculum which is underpinned with developing financial management and wellbeing.
“Anything is possible if you’ve got enough nerve!” – J.K. Rowling
Intent and Implementation
Key Stage 3
Year 7 Students have the opportunity to experience the world of business in many settings across years 7-9. Many students take part in our local primary visits, whereby students take part in running various business and problem solving activities with Year 5 & 6 students. This has become very popular over recent years and many year 7 students have achieved primary transition status through training and teamwork sessions.
Furthermore, year 8 students take part in the Ryman National Enterprise Challenge. This is part of The Inspirational Learning Group, whose aim is to provide innovative and enterprising off-timetable events for schools, colleges and universities; engaging, inspiring and motivating students to be the best they can be. Over 100 year 8 pupils take part in the one day event, whereby guest speakers and business professionals come into Beauchamps High School to run an enterprise event. One winning group is then taking to a national final. The Ryman National Enterprise Challenge 2015 was held at the stunning Alton Towers Resort in Staffordshire and we were extremely proud to have won this event. KS3 Winners – Beauchamps High School (Essex).
Additionally, year 9 students at Beauchamps High School have the opportunity to participate in the Young Enterprise Wickford Market challenge. This is open to the whole year group. The challenge involves groups setting up their own company, considering their branding and strategy to move their business idea forward. Students worked together in manufacturing, packaging and pricing products that sell locally at Wickford Market. The intent of this challenge is to develop teamwork and financial management skills. Furthermore, many local charities and business support and sponsor the event. Students fundraise for these charities for example St Luke’s Hospice and many others. The local impact is extremely positive and many friends and family members visit the students on the day to show their support.
Moreover, Key Stage 3 students are invited to attend the Transformation Trust. The Transformation Trust is an education charity dedicated to opening the doors of opportunity to young people across the country. Students are given the opportunities to develop employability skills and build their confidence through a careers fair and networking event. The impact of this allows students to gain direct career contacts and literature to aid their decision making.
As Business Studies is a GCSE Option we endeavour to embed enterprise into the curriculum beyond the classroom. Careful planning allows the department to promote independence and experiences in the business world with fun, contextual examples.
Intent and Implementation
Key Stage 4
This choice enables every student the opportunity to enjoy and progress within the field of Business and Enterprise. Business Studies is not just one subject. It encompasses a wide variety of topics, all in the form of modules, ranging from marketing to finance. This means that before you have a chance to get bored with one module, you move on to a completely different topic, giving you renewed energy and enthusiasm to start work again.
Through GCSE Business Studies, students are given the opportunity to study real businesses and discover how they work. This will include why businesses exist and how to start one up; the different options for business ownership; identifying the businesses stakeholders; setting aims and objectives for your business; how to expand a business; the financial, ethical and legal considerations of running a business. The course gives students a broad introduction to the world of businesses and a background knowledge of key areas such as Sales, Marketing, HR and Finance with room for huge impact. All lessons and resources are available via the department website, with students encouraged to keep abreast of current affairs to help appreciate how business works in the real world. A strong focus is placed on developing skills alongside comprehending theory, with the setting of practical tasks and projects undertaken in groups to replicate the activities of a workplace. NCFE Level 2 Certificate in Business and Enterprise is designed for learners who want an introduction to business and enterprise that includes a vocational and hands-on element. It has been developed to enthuse and inspire learners about a career in business and enterprise. We believe this course will develop a broad and comprehensive understanding of business and enterprise and provide academic and study skills that will support progression within business and enterprise.
Intent and Implementation
Key Stage 5
When designing our department’s KS5 provision, we wanted to offer high-quality courses that would equip students with the skills needed for different career paths within the business setting. The impact of our courses have allowed students to gain apprenticeships, employability and many go onto university.
The intent of GCE Business Studies is to develop and gain a holistic understanding of business in a range of contexts. By using current case studies, we endeavour to develop a critical understanding of organisations and their ability to meet society’s needs and wants whilst acquiring a range of relevant business and generic skills, including decision making, problem solving, the challenging of assumptions and critical analysis. The impact of this should allow students planning to progress into higher education or the world of work to have an excellent understanding of business management, business administration, accountancy and finance, human resource management, marketing, retail management, tourism management and international business. Furthermore, the BTEC Level 3 National Extended Diploma provides an overview of all aspects of business and offers the opportunity to gain practical business experience. This allows students to study 13 units across two years covering a range of areas including the following: Exploring Business, Developing a Marketing Campaign, Personal and Business Finance, Managing an Event, International Business, Principles of Management and Business Decision-Making. We have designed our courses with the intention of being practical using current business scenario’s and experts to deliver content, assignments and visits. We believe this gives students maximum impact through interview skills and practical application.
Student profiles- Impact
Economics is a subject that educates you on how the world operates and allows you to understand some decisions that are made by the government as well as businesses. It teaches you valuable skills that you can instantly take into the work place with a greater knowledge on business activity in relation to the economy. Very beneficial if looking to start a job or apprenticeship as well as studying further at university. Economics has helped me by providing me with an insight into different industries that I would not understand otherwise. It has inspired me to pursue a career in finance and assisted me in achieving this ambition. I am actually heading straight into a banking job, but I did apply for lots of apprenticeships within the finance industry. My job is going into an advisory role with Silicon Valley Bank, with the opportunities to progress into foreign exchange and equities in the future. Silicon Valley is a large American bank with over $55 billion in assets, they currently only have one office in London and set up in England in 2012. SVB is a rapidly expanding bank in the UK for innovation businesses only. Gaining employment or an apprenticeship is not an easy process, I believe it is easier to go to university than obtain a job at the age of 18 due to lack of experience and the extremely competitive and lengthy recruitment processes. Some apprenticeship applications I had done a written application, numerical test, literacy test, phone interview, video interview, assessment day, and final interview for until there was a final outcome. You also have to be patient, there are thousands of applicants and the companies have to reduce this number to probably about 3 or 4 candidates. An apprenticeship is not an easy route, I received three unconditional offers from universities however I secured my dream job on the apprenticeship program and my A-levels helped me gain the skills necessary for this. - Joshua H
What I enjoyed about Economics was the continual problem solving and the adaptability I have managed to learn to quickly deal with economics in an exam situation. I enjoyed the class discussions and will genuinely miss the lessons. I feel like it helped me when applying for apprenticeships as well especially in the field of work that I wish to go down. This is especially true in any written portions of an application process and also the numerical and verbal reasoning portions as it is highly focused around the subject and the knowledge you gain from economics can easily be applied in the application process's. My apprenticeship will either cover Tax Mobility, which is looking at how MNC's and even smaller businesses can avoid paying tax by placing their resources and people in different parts of the world while still remaining as efficient as possible. This is with Deloitte, the UK's biggest accounting firm, however I also have another apprenticeship lined up with the FCA (Financial Conduct Authority). In this apprenticeship I will be covering market regulation, fraud, anti corruption and looking into financial forensics to see if a firm is violating market rules.
Deloitte is based near Chancery Lane in Central London and was previously known by Deloitte and Touche. They deal with all kinds of business consultation, including Tax, Assurance and Accounting. Deloitte are a worldwide company so hopefully it will allow me to travel the world as they have offices in pretty much every major city in the world. Deloitte use an extremely intensive interview process, which is completely unique to anything else I have been through, firstly you must apply online where it will create a profile for you much like any other job. Then the process becomes more familiar to the top 4 accounting firms like Ernest and Young and PwC. Deloitte then asks you to complete a verbal and numerical reasoning test, pretty much a choice of 5 scenarios which you have to rank 1 to 5 the most to least likely which you would do. Then you get asked to complete a 'Job Simulation' which takes about an hour as it is a mix of verbal and numerical reasoning, along with essay writing as you respond to an email as tough you would if you were at work, and finally it also includes portions which are video recorded answers. My A-levels equipped me with the skills in needed to secure this apprenticeship and my next stage in life. - Kieran R
I thought Economics was interesting in how unlike other subjects it applied to everyday circumstances and actually dictated what went on around us and how the economy functions on a day to day basis. Also how even our little decision had an impact on the wider economy. I found that economics really helped me with my other 2 subjects as well, surprisingly in history as we had to look at the economy at one point and economics clearly helped for that. Also I think that it is a general subject that everyone should have to take as it should be everything somebody knows about and understands to some degree. I am going on to study law at Brighton university and I don’t know what I’m doing yet after that. - Dylan T
Economics is a subject that you can apply constantly to your everyday life- which is why I enjoy it. The subject is vast and gives you an insight into how the world operates, not only economically, but also socially. It has helped me develop my understanding on the fundamental elements in which world economies operate, as well as how individual economies work in comparison. Mostly, the teachers at Beauchamps have made the subject unquestionably worthwhile, by delivering interesting and engaging lessons. My next stage is to go onto University where I hope to study History and Archaeology at Nottingham University, in which I will undoubtedly use the valuable knowledge learnt from studying economics - Alex L