Welcome to the February 2023 updates and notices for InThinking Business Management users. I'm delighted to share some milestones with you:

• We have welcomed Guatemala 🇬🇹 as the 112th country to join the InThinking Business Management community. A warm welcome to Ana Cecilia Del Valle de Espinoza and your students at Centro Escolar Campoalegre!

• We also welcomed our 16,000th student InThinking Business Management. At the time of writing, there are 16,190 registered students who have free access to the website.

• The website has reached 900 unique pages, covering both the new and outgoing syllabi. Content on the website exceeds 1.17 million words (that's more than 290 extended essays!)

Many thanks for your ongoing support; it is highly appreciated.

The latest figures from the IB show that the number of candidates for IB DP Business Management continues to grow at an impressive rate. The chart below shows that the number of students entered for the DP Business Management examinations has grown by 804.8% during the given time period.

Updates to the InThinking Business Management website

• A new 20-mark exam practice question fo Unit 2.1 Introduction to HRM 1 (Human resource strategies for reducing the impact of change and resistance to change) has been added here.

• Additional questions have been added here to support students learning the (new) prescribed format for the income statement (P&L account) and the statement of financial position (balance sheet).

• There is also a prescribed format for presenting cash flow forecasts (Unit 3.7 Cash flow). A new exam practice question has been added here to support students with this.

• For Unit 3.6 Efficiency ratio analysis (HL only) , a new case study about how Lego turned a $800 million loss into profit can be found here. It comes with 20 questions for your students (answers included for teachers).

• A new Paper 2 exam practice question paper (based on IKEA) has been added to the external assessment section of the website. This comes along with a full mark scheme. Teachers can print a PDF version of this to use with students in class (getting them to write their answers within the boxed areas as per the requirements of the new Paper 2). The resource can be accessed here.

• To help students get more familiar with the new format for Paper 2, a quantitative Section A exam question and mark scheme has been added here. Many thanks to Gema Quintanilla for sharing this with the InThinking Business Management community.

• To support students with their understanding of the new Business Management Toolkit (BMT), a range of interactive multiple choice questions and True or False quizzes have been added. Take a look at some of the examples below:

• BMT 5 - There is a new MCQ quiz to test your students' understanding of business plans. Activate Student Access so they can take the quiz here.

• BMT 7 - Descriptive statistics: additional exam practice questions have been added here along with a worked example on calculating quartiles.

• BMT 8 - A new interactive true or false quiz has been added here to allow your students to test their understanding of the circular business model specified in the syllabus.

• BMT 9 - Two additional exam practice questions about Gantt charts have been added here.

• BMT 10 - A new interactive MCQ has been added here to support your students' understanding of Porter's generic strategies.

• BMT12 - To help students with their understanding of force field analysis, a new interactive MCQ quiz has been added here. The quiz is self marked and students are provided with the answers at the end.

Details of upcoming training events are listed below, in case you might be interesting in attending any of these.

• IB Category 3 Business Management - A focus on Internal Assessment (Wednesday 22nd - Friday 24th February 2023)

• The new IA in DP Business Management (3 March 2023) hosted by InThinking

• Keys to Success: Paper 1 in the DP Business Management (pre-release case study) for May 2023 exams. There are two separate events for this - on Wednesday 8th March and repeated on Wednesday 15th March.

• Focus on: Quantitative Techniques in the new DP BM course. There are two separate dates for this course - on Monday 20th March and repeated on Wednesday 29th March.

• Keys to Success: Extended Essay in Business Management (28 March 2023). Although the training is designed for those relatively new to the EE and/or IB Business Management, the workshop is open to anyone who may be interested.

Finally, with the release of the penultimate Paper 1 pre-release case study later this month, do watch out for the many resources that will be added to InThinking to support your students for the May 2023 Paper 1 examination. Do note that both Paper 1 and Paper 2 examinations will resort to pre-COVID conditions. This means, for example, that HL candidates will have a Section C  in Paper 1. Both SL and HL candidates will have Section C in Paper 2 (the CUEGIS essay).

Thanks again - and have a great month ahead.