What are the tools that could be used in a business management

Extended Essay?
Analytical tools and data:
Analytical tools (you should refer to the business management syllabus -unit/chapter- to
show the examiner how well rounded and knowledgeable you are):

• Ansoff Matrix
• BCG Matrix
• Break-even analysis
• Decision tree
• Financial statements and ratio analysis
• Fishbone diagram
• Force field analysis
• position maps
• stakeholder analysis
• STEEPLE analysis
• SWOT analysis
• TQM
• Lean Management Concepts
• Production Methods analysis
• Others that the business you’re researching uses will add value to the essay, as
it emphasizes the IB learner profile characteristics, and that you went out of the
box and discussed something new.

Conceptual perspective can add to the essay; consider:

• the effect of new technology on organizational innovation

• the cultural and ethical implications of business decisions

Business theories and analysis:

• Integrate the discussion of theories and analytical tools throughout the essay; do
not write about them separately. Theories and analytical tools should be
supported by evidence from secondary sources.
• Conclusions should be derived from evidence, rather than personal opinion.