Ace your IEB Business Studies final with a guide to writing top-notch essays. Tailored for the 2024 exam, this document offers clear, actionable tips to boost your performance and confidently tackle any essay question. Perfect for students aiming to excel and achieve their best scores!
Title page
- Title of the Report
- Address recipcient
- Date
Introduction: Context: Mention any
relevant background
Purpose: Briefly state the information or case
purpose of the report. study context.
Scope: Outline the main
aspects and themes covered.
Topics Problem-Solving Section: Conclusion:
Introduction to Main Point: Define Problem Summary: Summarize the
or explain the main point. Identification: Clearly key points discussed in the
state the problem. report.
Relevant Terminology: Use and
define any important business Analysis: Analyze the Findings: State the main
terminology. problem in detail. findings or conclusions.
Content: Solutions: Provide possible Recommendations: Provide
solutions or any final recommendations
Aspect 1: Detail with facts and or insights.
figures, if applicable. recommendations.
Aspect 2: Discuss implications, Implementation: Discuss
relevance, and impact. how the solutions can be
Substantiation: Provide evidence or implemented.
justification for your statements. Justification: Justify your
Application to Case recommendations with
Study/Context: Link the point to evidence.
the provided case study or theme.
Tips:
- Ensure that each section flows logically into the next.
- Keep your writing clear and concise.
- Include relevant and recent statistics and facts
- Revise and proofread to check for coherence, grammar, and formatting.
, The South African general retail sector has experienced several rapid periods of change: caused by
challenges such as the rise in online purchasing, the increase of multinational brands, the economic climate
and several social factors. The local general retail sector has had to work harder than ever to bring feet
through the door and limit the level of risk the business faces.
Write a business report to a general retailer where you discuss how the retailer could use
management tasks and management competencies to manage risk, to ensure sustainable financial
rewards for the business.
Example question taken from IEB NOVEMBER 2022 BUSINESS STUDIES PAPER
1. Format and Structure
- Title Page: Include the title of the report, the recipient's name, your name, and the date.
2. Introduction
- Purpose: Briefly state the purpose of the report (i.e., to discuss how management tasks and
competencies can be used to manage risk in the general retail sector)
- Overview: Provide a brief overview of the current challenges faced by the general retail
sector as highlighted in the sources.
3. Main Body
a. Understanding Risk in the Retail Sector
- Source Analysis: Discuss insights from the sources about risk management.
- Current Challenges: Summarize the rapid changes and challenges in the South African general
retail sector (Source C).
b. Management Tasks for Risk Management
- Task Identification: Outline key management tasks that are crucial for managing risk (e.g.,
risk assessment, monitoring, strategic planning).
- Application: Explain how these tasks can be applied specifically to the general retail sector.
- Justification: Provide justification for each task and its relevance to risk management.
c. Management Competencies for Effective Risk Management
- Competency Identification: Identify essential management competencies needed for risk
management (e.g., decision-making, leadership, problem-solving).
- Application: Discuss how these competencies can be utilized in the retail sector.
- Justification: Justify the importance of these competencies in managing risks and achieving
sustainable financial rewards.
d. Strategies for Balancing Risk and Reward
- Risk Mitigation Strategies: Suggest specific strategies that the retailer can use to mitigate
risks while pursuing profits.
- Examples: Provide examples or case studies of successful risk management in the retail sector.
- Synthesis: Synthesize how management tasks and competencies work together to balance risk
and reward.
4. Conclusion
- Summary: Recap the key points discussed in the report.
- Recommendations : Offer clear recommendations for the retailer based on the analysis.
- Future Outlook : Briefly discuss the potential long-term impact of effective risk management
on the retailer's financial sustainability.
- Terminology: Use correct business terminology throughout the report (e.g., risk assessment, risk
mitigation, strategic planning).
- Problem-Solving: Focus on practical solutions and strategies rather than just theoretical
information. Apply insights from the sources to real-world scenarios.
- Ensure that the report flows logically from one section to the next.
- Make connections between the management tasks, competencies, and risk management strategies.
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