The Best IB Business and Management Notes and Study Guide for SL/HL


If you're in the IB Business and Management SL/HL class and want a little extra study help for your in-class test or the final IB exam, you've come to the right place. Here, I've gathered the best free online IB Business and Management notes into one convenient place for you.

This IB Business and Management study guide is organized according to the newly-revamped, official SL/HL syllabus.



2022 IB Exam Changes Due to COVID-19

Because of the ongoing COVID-19 (coronavirus) pandemic, the IB has decided to extend the adaptations which were put in place for 2021 to 2022. May 2022 IB assessments will have two routes, exam and non-exam, depending on which your school chooses. Stay up to date with the latest information on what this means for IB diplomas, course credit for IB classes, and more with our our IB COVID-19 FAQ article.


How to Use This IB Business and Management Study Guide

If you need help with one topic, use the ctrl + f function on your keyboard to search for that topic. For example, let's say you want to read about Marketing Planning. To find that information quickly, use ctrl + f to bring up the search function. Next, type "marketing planning" and it'll bring up all the materials that match that term.

If you are just looking for IB exam study resources, you can skip to the end of this article to the "Comprehensive Notes" section. There, you'll find resources that cover the IB Business and Management exam as a whole.


How to Use This IB Business and Management Study Guide

Use this IB Business and Management study guide during the school year to help you prep for in-class tests. If you're struggling to understand class lectures, make sure you're getting additional help so that you learn the material throughout the school year. Don't wait to cram it in until right before the final IB Business and Management exam!




The Best Study Practices for IB Business and Management

The absolute best way to study for IB Business and Management tests and cement what you've studied is to practice past paper questions as you learn new topics in the classroom. Writing about concepts you're studying helps solidify them in your memory.

Also, there's a chance that you'll see the ideas covered in old paper topics somewhere on the final IB exam! You can find past IB Business and Management SL/HL papers in our guide.

As mentioned above, if you're struggling with the material in class, don't wait to ask for help. The best way to ensure you do well on the IB test is to learn the material throughout the year. If you're struggling to understand class lectures, you should also be reading the corresponding chapter in a textbook or study guide.


Common Study Mistakes for IB Business and Management

If you're having trouble in your IB Business and Management SL or HL class, you will need to seek additional help fast so you don't fall behind. Master the material during the school year and you'll be guaranteed to rock your IB papers!

But that doesn't mean you don't need to study to do well. The two most common study mistakes are as follows:

  • Ignoring the material you don't understand in the classroom: If you didn't understand it in the classroom, seek help elsewhere, such as by using this IB Business and Management study guide or hiring a tutor.
  • Waiting to learn the material until a week or two before the papers: There is a lot of material to master for the IB Business and Management class. A week or two is not enough time to get down everything you'll need to know (that's why the course is taught over a couple of years!). Be sure to learn the material as you're supposed to learn it in class.




The Best IB Business Management Notes Online

Here, we give you a complete set of IB Business and Management notes for every topic. Note that the IB Business course was completely restructured in 2022. Not all the notes have been updated to fit the new format, so you may see slightly different unit names/numbers when you click on links. But, rest assured, all the links correspond to the subunit they're linked under.


Unit 1: Introduction to Business Management (20 Hours SL and HL)

1.1 What is a business?

1.2 Types of business entities

1.3 Business objectives

1.4 Stakeholders

1.5 Growth and evolution

1.6 Multinational companies (MNCs)


Unit 2: Human Resource Management (20 Hours SL, 35 hours for HL)

2.1 Introduction to human resource management

2.2 Organizational structure

2.3 Leadership and management

2.4 Motivation and demotivation

2.5 Organizational (corporate) culture (HL only)

2.6 Communication

2.7 Industrial/employee relations (HL only)




Unit 3: Finance and Accounts (30 Hours SL, 45 hours for HL)

3.1 Introduction to finance

3.2 Sources of finance

3.3 Costs and revenues

3.4 Final accounts

3.5 Profitability and liquidity ratio analysis

3.6 Debt/equity ratio analysis (HL only)

3.7 Cash flow

3.8. Investment appraisal

3.9 Budgets (HL only)


Unit 4: Marketing (30 Hours SL, 35 hours for HL)

4.1 Introduction to marketing

4.2 Marketing planning

4.3 Sales forecasting (HL only)

4.4 Market research

4.5 The seven Ps of the marketing mix

4.6 International marketing (HL only)


Unit 5: Operations Management (15 Hours SL, 45 hours for HL)

5.1 Introduction to operations management

5.2 Operations methods

5.3 Lean production and quality management (HL only)

5.4 Location

5.5 Break-even analysis

5.6 Production planning (HL only)

5.7 Crisis management and contingency planning (HL only)

5.8 Research and development (HL only)

5.9 Management information systems (HL only)




Comprehensive Notes for IB Business and Management

These final resources are more comprehensive and cover all main topics you'll need to know for the IB Business and Management exam.

  • IB Notes by Ellie: This site offers useful notes for IB Business and Management along with other IB classes. Click through each unit to find information on the major course topics.
  • Bracken's IB Business: Here, you can get in-depth info on every IB Business Management unit (we included some of these web pages in our list above).

  • Power School Learning: Links to documents that cover each of the IB Business units and subunits.

  • Quizlet: Use these free flashcards to study important IB Business and Management terms.



What's Next?

Want to learn more about IB Business and Management? Then check out our guide on where to find free and official IB Business and Management papers.

Learn more about the IB program with our comparison of IB vs AP, our guide to the IB Diploma curriculum, and our list of all the IB courses currently available. We've also got an extensive list of all IB Diploma Programme schools in the United States and information on which IB classes you can take online.

Thinking of taking other IB classes besides Business and Management? Look at our guides to see past papers for IB Biology, Economics, English, and Math.

Why not learn more about what return on assets (ROA) means?

Thinking about applying to school as an HR major? Let us introduce you to the best schools for human resources degrees and teach you what you can do with them.



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About the Author
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Dora Seigel

As an SAT/ACT tutor, Dora has guided many students to test prep success. She loves watching students succeed and is committed to helping you get there. Dora received a full-tuition merit based scholarship to University of Southern California. She graduated magna cum laude and scored in the 99th percentile on the ACT. She is also passionate about acting, writing, and photography.

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