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IB Business Management Revision

Business Organization & Environment

Types of organisation, business objectives, stakeholders and the external environment.

Learn itInteractive mini-lessons for your exam boardPLAYQuick game on Business Organization & EnvironmentVelvet RevisionYour IB Business Management course mapFree PDF100 AI prompts for IB Business Management
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Do all businesses aim only to maximise profit?

Business Organization & Environment is a core part of IB Business Management. Revise the key concepts and common mistakes below, then lock them in with the free games.

Key concepts

SWOTStrengths, Weaknesses, Opportunities, Threats
PESTLEPolitical, Economic, Social, Tech, Legal, Environ.
StrengthInternal positive: brand, patents, cash
WeaknessInternal negative: high debt, weak skills
OpportunityExternal positive: new market, tech change
ThreatExternal negative: regulation, recession
Market penetrationExisting product in existing market
Market developmentExisting product in new market
Product developmentNew product in existing market
DiversificationNew product in new market — highest risk
Economies of scaleFalling unit cost as output rises
Diseconomies of scaleRising unit cost from coordination failure
Primary sectorExtraction of raw materials (farming, mining)
Secondary sectorManufacturing and processing of goods
Learn Business Organization & Environment step by step

Free interactive mini-lessons: short screens, worked examples and quick checks. Pick your exam board to open its course map, then tap L on this topic:

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Common mistakes to avoid

Questions where students often pick the tempting wrong answer — make sure you know the right one:

Do all businesses aim only to maximise profit?✗ Yes, profit is every business's only goal.   ✓ No — aims vary: survival, growth, market share, social aims.
Does a sole trader have limited liability?✗ Yes, sole traders have limited liability.   ✓ No — sole traders have unlimited liability for business debts.

Practise Business Organization & Environment — free games

Test yourself with these quick revision games for this topic:

▶ Two Truths, One Lie▶ Reveal Race▶ Connections Grid▶ Falling Words▶ Word Web

See all 22 games in the Revision Arcade →

More IB Business Management topics

Human Resource ManagementFinance & AccountsMarketingOperations ManagementStrategy & Decision MakingGlobalization & Ethics
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100 AI Prompts for IB Business Management

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