Business & Computing Examinations

Business Rationale - Why study business?

Forget the cynics, a Business qualification is important. The role of business is to make the world a better place for everyone - creating wealth and well-being, prosperity, jobs and choices.

There is a strong argument that in the future everyone will need to have had a business education. Whatever you do in your professional life, the chances are that it will involve some ‘business’. Scientists, engineers, even artists, will inevitably have to understand at least the basics of business, and probably a lot more.

Business services are essential to every British business, either as a core activity or as a support to the core activities. Business services can be internally or externally provided to a business. Business services are those activities which bind an organisation together, enable it to function and connect it to its customers and community. As such, ‘Business Services’ represents both an industry sector (comprising those firms which provide a business service to other companies) and an occupational grouping (comprising those workers in all industries who are providing a business service within their own company).

Business services include management and administration; human resource management; sales marketing and advertising; and accounting and finance. In 2005, the financial services alone employed 1.1 million people across UK. The business services workforce is the second largest cross-industry occupational group in UK. While the total number of business service workers has remained fairly steady since the early 1990s, the size of the workforce ensures that the sector will provide current and future college candidates with employment opportunities. It is likely that employers will require higher-level skills and place a greater emphasis on formal qualifications.

The inclusion of industry-recognised Business courses will allow candidates develop a range of skills which will give them access to both long-term and short-term employment opportunities. Our mandate is to enable learners to develop individual potential and to acquire the knowledge, skills, and attitudes needed to contribute to a healthy society and a prosperous and sustainable economy. To develop an effective and prosperous economy, UK requires people who understand economics and business principles and possess the creativity and skills to apply them in inventive ways.

To participate fully in society, people need to be aware of the impact of economic forces in their lives. Economic literacy enables them to better understand the ramifications of economic changes that cause individuals, businesses, and societies to make critical choices concerning the allocation of resources. As national economies become increasingly interrelated and interdependent, individuals and businesses need to understand both the economic forces shaping society and the ethical considerations of their decisions.

The study of accounting, economics and business provides a variety of strategies that candidates can use as citizens in their public and private lives. They develop research, evaluation, communications, teamwork, and technological skills which will not only give them an advantage but also will make them more aware of the value of both co-operation and competition in their social, personal, and vocational pursuits.

As tomorrow's leaders, today's candidates must be able to envision the long-term implications of issues and changes within their communities, their country, and the world. They must also be confident in their abilities to respond effectively to these challenges. The business studies curricula emphasize creative and critical thinking in both independent and co-operative activities and provide candidates with opportunities to solve problems while applying skills and knowledge in practical ways to a variety of situations.

The rapid rate of technological change affects families, workplaces, communities, and environment. For example, individuals frequently change jobs to adapt to changing working conditions. In such a world, candidates need to be increasingly entrepreneurial and flexible. Business studies prepare candidates for this new reality by incorporating the challenges of technology, recognising the evolving roles of women and men, and fostering the concept of lifelong learning.

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