QUALIFI Level 5 Diploma in Business Management 601/6049/4
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The Level 5 units are also designed to dove-tail into a top-up undergraduate year at a UK University.
Qualification Structure and Requirement
The Qualification is made up of 6 units. All units are mandatory and required by learners to be awarded the Level 5 Diploma in Business Management. The Qualification deals with complex and challenging organisational issues and opportunities.
The units are closely linked to current day real world and work challenges and the Qualification will test and develop student’s workplace experience and abilities.
The Qualification will require learners to make judgements and provide creative and practical solutions and ways of responding to organisational challenges and problems. An action based approach will be sought and learners who have strong motivation to progress in their chosen career and business pathway will gain significantly from the qualification.
Progression Pathways
Upon completing this Level 5 diploma, learners can progress to the final year of an undergraduate degree. Learners can also step directly into employment in an associated profession.
Career Opportunities
- Primary areas of employment include:
- Operations Manager
- Account Manager
- Financial Analyst
- Marketing Manager
- Sales Manager
- Business Analyst
- Assistant Manager
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1
Unit code: R/507/1612 : Responding to the Changing Business EnvironmentRQF level: 5
Overview
The three key themes to this unit examine the socio-economic environment, the way in which markets operate and the relationship between business and governments. The central theme to the unit is the changing roles that exist between business, government and their citizens that create both opportunities and threats for the modern organisation. By understanding the organisational impact of the trends, managers can respond positively to a changing socio-economic environment. The unit also looks at the external business environment and the different ways that organisations respond to changes.
Teaching and Learning Strategy
Working in Virtual Groups and using shared space on the Learning Management systems learners will be expected to choose an organisation and apply the course material to understand the impact of changes in the business environment to the performance of the business.
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2
Unit code: Y/507/1613 : Effective Decision Making
RQF level: 5
Overview
The unit will look at the different ways that decisions are taking by companies by exploring approaches to decision making, implementing decisions and the way in which knowledge can be used within organisations. With the growth of IT and customisation, few decisions are straightforward enough for managers to rely on the answers that have been successful in past years. To remain competitive, organisations need to develop decision-making processes that use all the current information and knowledge available in the workplace, workforce and beyond. Consequently, today’s decision making becomes more of a problem-solving process. In addition, increasing workforce empowerment and expectation means that the decisionmaking process for competitive organisations needs to be a much more participative process. Otherwise, management will not gain the information and knowledge they need and will also lose the commitment required to ensure decisions taken become effective. So, while the act of decision taking effectively remains with the manager responsible, the process of decision making needs to involve all the stakeholders within the managers’ immediate workplace and beyond. This ensures that the decision taken is owned by all whom have to work with it.
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3
Unit code: D/507/1614 : Business Development
RQF level: 5
Overview
The unit will allow for learners to work in a team to investigate new business formats and a feasibility assessment for a potential knowledge-based product or service opportunity identified by the team. This might be undertaken for a new income stream within an existing business or for a new enterprise. The core unit material will focus on Refining an Idea, Research and Presenting the Plan. All learners will be involved with refining the idea and individual learners will be responsible for doing market research, building a finial plan and creating an operational plan.
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4
Unit code: H/507/1615: Business Models and Growing Organisations
RQF level: 5
Overview
The unit is designed to help learners understand what is expected from them in working for a growing organisation. The final three units explore the relationship between enterprising behaviour and business success, the different ways in which firms can grow and the different types of business that they might be expected to work in.
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5
Unit code: K/507/1616 : Customer Management
RQF level: 5
Overview
This unit is designed to help learners understand the role of customer-centred organisations. The three units are understanding customers, meeting customer need and adding value. Learners will evaluate best practice and the policies and approaches that result in excellent service and delivery within a contemporary business environment. Customer Relationship Management (CRM) is now being actively embraced by organisations within most industry sectors. Furthermore, customer expectations are changing with the result that customer relationships are becoming increasingly more complex to manage. This unit analyses how businesses have responded by looking after their customer base in new and more cost effective ways.
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6
Unit code: T/507/1618 : Risk Management and Organisations
RQF level: 5
Overview
This unit prepares learners for working in a commercial environment by providing an insight into the different risk profiles from both an organisation’s and an individual’s perspectives. The three units are understanding business risk, managing risk and innovation and creativity. The aim is to provide learners with an understanding of what makes an effective organisation in balancing out opportunity with change.
• QUALIFI Level 6 Diploma in related areas.
• Bachelor’s degree final year.
• Employment in an associated profession.
