Level 5 Extended Diploma in Business and Enterprise

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Business Management

Level 5 Extended Diploma in Business and Enterprise

The Level 5 Extended Diploma in Business and Enterprise from the UK’s Learning Resource Network (LRN) is designed to develop your understanding 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.

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First unit    £359
remaining fifteen units each   £99

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The business and enterprise programme provides you with the skills and information you need to work and succeed in modern business. It consists of the Level 5 Diploma and the Level 5 Extended Diploma in Business and Enterprise.

The Diplomas are on the Ofqual Register of Regulated Qualifications and so will be accepted by UK universities for entry. The Level 5 Diploma is 120 credits, whereas the Extended Diploma is 240 credits. Your choice of Diploma will therefore depend on whether you want to obtain it to help you in your career or to go on to study at university (as university entrance requirements vary with some requiring 120 credits and others 240 credits depending on the course).

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 601/8273/8)consists of sixteen units

  • Introduction to Business and Enterprise
  • Managing in a Global Business Environment
  • Organisational Behaviour
  • Introduction to Accounting
  • Business Communication
  • Operations Management
  • Leadership within Organisations
  • Business Research
  • Business Decision Making
  • Strategic Business Management and Planning
  • Ethics in Business
  • Ethics in Business
  • Risk Management
  • Planning a New Business Venture
  • Project Management for Business
  • Entrepreneurship

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:

  • Be able to understand ‘What is enterprise?’
  • 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 Communication

On completion of this unit you will:

  • Demonstrate understanding of the different types of business information and their purpose
  • Be able to present business information effectively
  • Demonstrate understanding of the issues and constraints in relation to the use of business information and communication security in organisations
  • Communicate business information using appropriate methods and understand the impact of information

Operations Management

On completion of this unit you will:

  • Understand the nature and importance of operations management
  • Understand the link between operations management and strategic planning
  • Understand how to organise a typical production process
  • Be able to apply relevant techniques to the production of an operational plan for an organisation

Leadership within organisations

On completion of this unit you will:

  • Understand the differences between leadership and management and their impacts on business
  • Understand leadership styles
  • Understand how leaders create and maintain successful teams

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 reesponsibility issues facing business
  • Understand the impact of corporate social responsibility policy on different stakeholders
  • Understand the impact of corporate social responsibility policy on different stakeholders

Risk Management

On completion of this unit you will:

  • Understand the risk management function in a start-up business
  • Understand how business risk is assessed and managed and who is involved with risk management in a new business
  • Understand the effects of business risks and how they can be managed
  • Understand approaches to crisis management and business continuity planning in a developing business

Planning a New Business Venture

On completion of this unit you will:

  • Understand the different types of business organisations
  • Understand the different types of business organisations
  • Be able to develop a business case
  • Be able to pitch a business proposal

Be able to pitch a business proposal

On completion of this unit you will:

  • Understand project management principles
  • Be able to manage a project’s human resources
  • Be able to apply project processes and procedures

Entrepreneurship

On completion of this unit you will:

  • Define and explain the terms: entrepreneurship, enterprise and owner-management
  • Understand the nature of business development in the context of existing organisations and of new business start-ups
  • Understand the concepts of innovation and creativity and the roles that both play in entrepreneurship and business development

How do I study and how long does it take?

There are sixteen 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 (and moderated by LRN):

  • Introduction to Business and Enterprise
  • Managing in a Global Business Environment
  • Introduction to Accounting
  • Organisational Behaviour
  • Business Communication
  • Operations Management
  • Leadership within Organisations
  • Business Research

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
  • Risk Management
  • Planning a New Business Venture
  • Project Management for Business
  • Entrepreneurship

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