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Business ManagementLevel 5 Diploma in Business and Enterprise
The Level 5 Diploma in Business and Enterprise from the UK’s Learning Resource Network (LRN) is designed to develop your skills and knowledge of business enterprise. It is from an Ofqual (UK Government regulator) recognised Awarding Organisation, and so will help you obtain a promotion at work or go on to further study.
Pay today £999
The turbulent and disruptive upheavals of the twenty-first century, including natural disasters, corporate failures, financial crisis, recession and austerity have prompted a review of the traditional view of business and enterprise as encompassing large organisations in a steady state of long-term planning. Today the dynamic of how business is conducted is changing.
This qualification provides you with an understanding of the world of business enterprise. It explores the environment and its impact on the survival, success and growth of an enterprise. It covers the practical functions of business and enterprise such as sources of funding, marketing, communication, the theory and practice of selling, supply chains, the highly competitive global marketplace and e-business. It also provides an underpinning of the operations function and an introduction to the concept of quality.
Please note that this qualification will be available later this year.
Who is it for?
The course is intended for managers of private, not for profit and public sector organisations.
Content
The LRN Level 5 Diploma in Business and Enterprise (Qualification number 601/8274/X)consists of eight units:
- Introduction to Business and Enterprise
- Managing in a Global Business Environment
- Organisational Behaviour
- Introduction to Accounting
- Business Decision Making
- Strategic Business Management and Planning
- Ethics in Business
- Corporate Social Responsibility
Entry Requirements
You must have one of the following:
- A LRN Level 4 Diploma
- Two Level 3 passes (at ‘A’ level standard)
- A Level 3 qualification, or above, with 120 credits and 480 Guided Learning Hours
- Evidence of relevant employment in a business at a suitable level (which must include a signed reference letter from your employer)
and you should be able to demonstrate competence in English language (if English is not your primary language) at CEFR level B2 or equivalent.
What is included?
The units are taught through our Teaching Zone by a mixture of recorded and live lectures coupled with essential reading texts and exercises. You will have a personal tutor who is a subject expert whom you can contact if you have any questions.
As it is delivered through our Teaching Zone you also gain free access to our Manager’s tool kit and effective learning skills sections along with entry to the student lounge discussion forum.
All LRN registration and initial assessment fees are included.
Aims
Introduction to Business and Enterprise
On completion of this unit you will:
- On completion of this unit you will:
- Recognise the necessity for enterprise capability in creating a dynamic economy
- Understand the next level of enterprise
Managing in a Global Business Environment
On completion of this unit you will:
- Understand the markets in which different types of organisation operate, and recognise the importance of organisational and cultural factors in shaping the global business environment
- Be familiar with how business is organised globally and understand the functions and roles of management for this environment
- Understand how businesses can develop strategy for the global environment whilst being aware of the need for ethics business practices
Organisational Behaviour
On completion of this unit you will:
- Describe and discuss the major theories and concepts that pertain to understanding behaviour in organisations
- Understand the role of the individual in the organisation and what motivates them
- Illustrate the roles of groups, teams and leadership within organisations
- Understand the nature of management and structures of organisation
- Understand organisational management
Introduction to Accounting
On completion of this unit you will:
- Understand the sources of finance available to a business
- Understand the implications of finance as a resource within a business
- Be able to make financial decisions based on financial information
- Be able to evaluate the financial performance of a business
Business Decision Making
On completion of this unit you will:
- Be able to use a variety of sources for the collection of data, both primary and secondary
- Understand a range of techniques to analyse data effectively for business purposes
- Be able to produce information in appropriate formats for decision making in an organisational context
- Be able to use software-generated information to make decisions in an organisation
Strategic Business Management and Planning
On completion of this unit you will:
- Understand the nature, scope and need for strategic business management and planning in international profit and not-for-profit organisations
- Understand a range of classical and contemporary models, concepts and tools in business strategy and planning
- Understand the processes by which organisations identify and develop their goals and values
- Understand the impact of political, economic, social, technological, environmental and legal factors on an organisation
- Understand the key forces that represent both opportunities and threats to organisations whether for profit or not for profit
- Understand the strategy process for an organisation to achieve competitive advantage
- Understand the future challenges affecting strategic business management and planning
Ethics in Business
On completion of this unit you will:
- Understand different ethical perspectives in business
- Understand business objectives from an ethical perspective
- Understand ethics in workplace relationships
- Be able to assess a current ethical issue in a business
Corporate Social Responsibility
On completion of this unit you will:
- Understand current corporate social responsibility issues facing business
- Understand the impact of corporate social responsibility policy on different stakeholders
- Be able to make recommendations for responsible business practice
How do I study and how long does it take?
There are eight units in total and each one should take 150 hours which is the total time you are likely to spend studying including all your time spent on listening to the lectures, reading the online information, reading the workbooks, using the software, undertaking the exercises, discussions with other students and completing the assessment. The qualification is taught online, so you can start at any time as you are not restricted by term times. You will receive your log in and password for the Teaching Zone as soon as we have received payment. All you need is Internet access!
The time it takes in practice is up to you, and will vary depending on your commitment and how easy you find it to study. 150 hours is roughly 50 minutes per day or six hours per week or 25 hours per month over six months.
How is it assessed?
The following units are assessed by externally set assignments which are marked by iQualify UK:
- Introduction to Business and Enterprise
- Managing in a Global Business Environment
- Introduction to Accounting
- Organisational Behaviour
The following units are assessed by externally set assignments which are marked by LRN:
- Business Decision Making
- Strategic Business Management and Planning
- Ethics in Business
- Corporate Social Responsibilty
