Business Management Pre-released Statement: Myt PLC (Myt)
Instructions to Candidates
- This pre-released statement is required for higher-level paper 1 and standard-level paper 1 business management examinations.
- Published by the International Baccalaureate Organization for use in May 2025.
Overview
- The statement is released three months before the examination.
- It informs candidates about topics and terminology not in the Business Management guide but will be in the case study.
- Candidates should spend a maximum of five hours researching these topics and learning the terminology.
- The topics build upon the syllabus.
- The primary goal is to assess knowledge of contemporary business topics that were not anticipated when the guide was written.
Case Study Focus
- The case study will focus on a multinational non-alcoholic drinks manufacturer.
- It will also consider the business operations of a multinational company.
- Candidates are expected to have basic familiarity with these topics, rather than comprehensive expertise.
Terminology to Know
- Avatar: A digital representation of a person.
- Biodegradable: Capable of being decomposed by bacteria or other living organisms.
- Chain (of a business): A network of linked businesses or outlets.
- Pressure Group: An organized group that tries to influence public opinion or government policy.
- Recycling: Converting waste into reusable material.
- Social Media Influencer: Someone with a significant following on social media who can influence their audience.
Introduction to Myt PLC
- Myt PLC (Myt) is a publicly held multinational company that manufactures non-alcoholic drinks.
- The head office is located in the United States (USA).
- Myt has manufacturing factories on six continents.
- The company has grown through both internal and external growth strategies.
- Initially, Myt manufactured only one drink: a non-alcoholic, sweet, and carbonated root beer.
- By 2020, Myt had a portfolio of over 30 different drinks sold in bottles and cans.
- Myt uses social media influencers as part of its promotional strategy.
Health Concerns
- Obesity and diabetes are health issues linked to many drinks, including those manufactured by Myt.
- Many drinks contain the entire recommended daily sugar intake for an adult in a single can.
- Sugar substitutes used in diet drinks have also been linked to various health problems.
- Many of Myt’s drinks are high in caffeine and sugar.
Diversification and Future Plans
- In 2023, Myt’s board of directors began a process of diversification, taking over:
- Lotssa Coffee (LC), a chain of coffee shops with over 4000 outlets across 35 countries.
- Honest Water (HW), a manufacturer of bottled drinking water.
- Myt announced plans to:
- Modernize and make its factories green
- Explore entering the healthy snacks market
- Utilize computer-generated avatars when creating advertisements
- Reduce caffeine and sugar levels in its products
- Improve its corporate social responsibility (CSR).
Important Note
- Companies, products, and individuals named in the case study are fictitious, and any similarities with actual entities are purely coincidental.