Business Studies

We want our students to develop as enterprising individuals with the ability to think commercially and creatively, to demonstrate informed judgements, and draw on evidence to make informed decisions and solve problems.

A sound understanding of business concepts will help students develop as effective, independent critical and reflective thinkers with enquiring minds. Using an enquiring, critical approach will empower students to make informed judgements, understand and play an active role in the business world that surrounds them.

Business at Hermitage Academy is an immersive experience, exposing students to fundamentals such as marketing, human resources, financial management, economic impact, enterprise skills and spotting a business opportunity. Students undertaking this subject will have a flare for business and have ideas on how to develop a product or service over time. Students will develop their knowledge of key concepts as well as local, national and international businesses and how to apply, analyse and evaluate using their literacy skills to read and deduct from given evidence, as well as developing good research and data gathering skills of their own. Students will also develop their use of equations and numeracy skills to gain a deep understanding of business finances.

As well as following the curriculum, students will be encouraged to read for pleasure, experiencing a diverse range of literature as a platform for exploring new ideas, developing critical thinking skills and learning more about the world around them.

Students enjoy business because it is varied, fast-paced and fun. Every student is inspired to believe in their potential and to aim high. We live in a corporate world and the markets operate around us constantly. Due to this, business is a universal subject. There are few, if any, careers for which an understanding of business would not be of some benefit and 1.44 million new business applications were submitted in 2021. We have devised our business curriculum with this in mind, students acquire a grounding towards knowledge, skills and understanding that they would need if embarking upon their own business journey.

It’s not only business lessons that are exciting at the academy: Business teachers also facilitate Business competitions such as “Be the Future” in association with the Peter Jones Foundation. Within this students, plan and create a social enterprise idea that addresses a social or environmental issue, such as poverty, climate change or inequality. Business teachers also extra-curricular activities, such as an enterprise club where students work in teams, to consider what it means to be entrepreneurial before considering what steps they could take to address to address the issues they have identified. Students create their products or service. They consider how it would operate; market and promote their products and services to their target audience; then pitch their business proposal to the judging panel.

The challenge helps students to develop their business and entrepreneurial skills as well as promoting key skills such as creativity, teamwork and communication.

Students will sit two exams at the end of Year 11.

Paper 1 – Investigating Small Business (50% of grade) – Content is delivered in Year 10.

Paper 2 – Building a Business (50% of grade) – Content is delivered in Year 11.

Curriculum Information

Business is a great subject. I enjoy learning about what it takes and how to become a great entrepreneur. It encourages critical thinking and teaches me ways to be able to build on an idea, which is useful for everyday life.

Year 10 student

I like business because it is a cool subject that I find very interesting. I love learning about the factors involved in starting a business, and the financial risks and rewards for an entrepreneur.

Year 10 student