Level 5 Diploma in Business (L5DB)
Overview
The Level 5 Diploma in Business (RQF) makes up the second year of the NCC Education degree journey and builds upon the knowledge gained during the NCC Education Level 4 Diploma in Business (RQF)(L4DB). Exposing students to greater detail and more advanced topics in a range of areas including economics, marketing, finance and management.
Students will study a balance of academic and vocational subjects in order to provide the necessary knowledge and skills to play a significant role in business organisations.
On successful completion of the qualification students will be able to complete the final year of a degree with the NCC Education Business Administration Top Up validated by the University of Worcester, at one of the many universities that recognise NCC Education qualifications, or pursue a career in the business industry.
Units
Students must study the following eight core units:
- Business Economics – examines how an organisation can achieve its objectives most efficiently through the application of micro-economic theory and the tools of analysis of decision science, such as statistics and quantitative methods. It demonstrates how economic analysis can be used in formulating business policies.
- Advanced Business Mathematics – provides an understanding of how a number of statistical and mathematical techniques are applied in economic and business decision-making.
- Marketing in Business – highlights the need for managers to view the role of marketing as critical to their organisation. The crucial role of marketing in contributing to the success of organisations is emphasised.
- Human Resources in Business – explores the dynamic role of human resource management policies and practices in contemporary organisations and their contribution to the goals of those organisations. It defines and critically examines the major philosophies, policies, procedures and practices related to the management of human resources.
- Understanding Consumer Behaviour – provides an understanding of customers’ needs and the complexity of the decision making process customers undertake in both consumer and industrial markets.
- Principles of Business Operations – explores the operations management function and its basis in creating and sustaining effective and efficient operations which deliver the products or services in a manner which achieves the objectives of the organisation. You will analyse this with respect to cost, quality, flexibility, dependability and speed.
- Financial Management – builds on your knowledge of fundamental financial concepts in financial and management accounting by considering the applications of these topics in a business environment and by examining a set of more advanced issues.
- Information Systems and Organisations – introduces the subject of information systems and technology in organisations, taking a broad management perspective. Students will gain an understanding of the current and future role of information systems in modern organisations, including an appreciation of the social, cultural and political aspects that are important to the successful adoption of technology.
Academic Progression
Successful completion allows students onto NCC Education’s final year top-up qualifications in Business (further entry requirements may apply), or to a third year of many UK university degree courses, or enables you to pursue a career in the business industry.