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Talk to an Expert| Category | Assignment | Subject | Business management |
|---|---|---|---|
| University | Module Title | OTHM LEVEL 5 DIPLOMA IN BUSINESS MANAGEMENT |
QUALIFICATION OBJECTIVES
QUALITY, STANDARDS AND RECOGNITIONS
REGULATORY INFORMATION
EQUIVALENCES
QUALIFICATION STRUCTURE
DEFINITIONS
ENTRY REQUIREMENTS
PROGRESSION
DELIVERY OF OTHM QUALIFICATIONS
ASSESSMENT AND VERIFICATION
RECOGNITION OF PRIOR LEARNING AND ACHIEVEMENT
EQUALITY AND DIVERSITY
LEVEL 5 UNIT SPECIFICATIONS
PRINCIPLES AND CONCEPTS OF STRATEGY
THE MANAGEMENT OF HUMAN RESOURCES
MARKETING FOR MANAGERS
BUSINESS LAW FOR MANAGERS
MANAGEMENT ACCOUNTING AND DECISION MAKING
BUSINESS START-UP: CONCEPTION TO MARKET
IMPORTANT NOTE
The objective of the OTHM Level 5 Diploma in Business Management qualification is to provide learners with an excellent foundation for a career in a range of organisations. It is designed to ensure that each learner is ‘business ready’: a confident, independent thinker with a detailed knowledge of business and management and equipped with the skills to adapt rapidly to change.
The content of the qualification is focused on human resource management, marketing, management accounting, business law, and business principles and strategy. Learners will also integrate their knowledge and skills from these disciplines and gain knowledge about how to start a business and produce a viable business plan.
The qualification is ideal for those who have started, or are planning to move into, a career in private or public sector business. Successful completion of the Level 5 Diploma in Business Management qualification will provide learners with the opportunity to progress to further study or employment.
OTHM Qualifications are approved and regulated by Ofqual (Office of Qualifications and Examinations Regulation). Visit the Register of Regulated Qualifications.
OTHM has progression arrangements with several UK universities that acknowledges the ability of learners after studying Level 3-7 qualifications to be considered for advanced entry into corresponding degree year/top up and Master’s/top-up programmes.
The OTHM Level 5 Diploma in Business Management qualification consists of 6 mandatory units, 120 credits, 1200 hours Total Qualification Time (TQT) and the recommended Guided Learning Hours (GLH) for this qualification is a minimum of 600 hours.
|
Unit Ref. No. |
Unit title |
Level |
Credit |
GLH |
TQT |
|
F/650/1150 |
Principles and Concepts of Strategy |
5 |
20 |
100 |
200 |
|
H/650/1151 |
The Management of Human Resources |
5 |
20 |
100 |
200 |
|
J/650/1152 |
Marketing for Managers |
5 |
20 |
100 |
200 |
|
K/650/1153 |
Business Law for Managers |
5 |
20 |
100 |
200 |
|
L/650/1154 |
Management Accounting and Decision Making |
5 |
20 |
100 |
200 |
|
M/650/1155 |
Business Start-up; Conception to Market |
5 |
20 |
100 |
200 |
OTHM do not specify the mode of delivery for its qualifications, therefore OTHM centres are free to deliver this qualification using any mode of delivery that meets the needs of their learners. However, OTHM centres should consider the learners’ complete learning experience when designing the delivery of programmes.
It is important that centres develop an effective delivery method to teaching and learning that supports the progression and stretch of learners.
OTHM Centres must ensure that the chosen mode of delivery does not unlawfully or unfairly discriminate, whether directly or indirectly, and that equality of opportunity is promoted. Where it is reasonable and practicable to do so, it will take steps to address identified inequalities or barriers that may arise.
Guided Learning Hours (GLH) which are listed in each unit gives centres the number of hours of teacher-supervised or direct study time likely to be required to teach that unit.
All units within this qualification are assessed and internally quality assured by the centre and externally verified by OTHM. The qualifications are criterion referenced, based on the achievement of all the specified learning outcomes.
To achieve a ‘pass’ for a unit, learners must provide evidence to demonstrate that they have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria. Judgement that the learners have successfully fulfilled the assessment criteria is made by the assessor.
Specific assessment guidance and relevant marking criteria for each unit are made available in the Assignment Brief document. These are made available to centres immediately after registration of one or more learners.
The assessor should provide an audit trail showing how the judgement of the learners’ overall achievement has been arrived at.
Assessment Tracking and Recording Learner Progress
It is necessary to track and record learner achievement throughout the delivery period of the OTHM Level 5 Diploma and this should not be left until the end of the course.
This will include regular review of learner work through formative and summative assessment and internal quality assurance at planned intervals during the programme:
● before decisions have been made on any unit
● sampling evidence once one or two of the units or assignments are completed
Tracking learner progress, recording the achievement of each learner per criteria on a unitby-unit basis ensures:
● the assessment evidence is clearly measured against national standards
● learner progress is accurately tracked
● the assessment process can be reliably verified
● evidence is valid, authentic and reliable for the safety of certification
● identification of which assessments are outstanding
● internal verification is timely
● samples for standards verification and other external audits can be made available as required
● up to date, securely stored assessment records help to minimise the risk of assessment malpractice and potential issues; maintaining the integrity of the qualification.
Tutors/Assessors should provide learners with formative and summative feedback to aid development during their studies.
Formative assessment is an integral part of the assessment process, involving both the Tutor/Assessor and the learner about their progress during the course of study.
Formative assessment takes place prior to summative assessment and focuses on helping the learner to reflect on their learning and improve their performance and does not confirm achievement of grades at this stage.
The main function of formative assessment is to provide feedback to enable the learner to make improvements to their work. This feedback should be prompt so it has meaning and context for the learner and time must be given following the feedback for actions to be complete. Feedback on formative assessment must be constructive and provide clear guidance and actions for improvement.
All records should be available for auditing purposes, as we may choose to check records of formative assessment as part of our ongoing quality assurance.
Summative assessment is used to evaluate learner competence and progression at the end of a unit or component. Summative assessment should take place when the assessor deems that the learner is at a stage where competence can be demonstrated.
Learners should be made aware that summative assessment outcomes are subject to confirmation by the Internal Verifier and External Quality Assurer (EQA) and thus is provisional and can be overridden. Assessors should annotate on the learner work where the evidence supports their decisions against the assessment criteria. Learners will need to be familiar with the assessment and grading criteria so that they can understand the quality of what is required.
Evidence of both formative and summative assessment MUST be made available at the time of external quality assurance – EQA.
Recognition of Prior Learning (RPL) is a method of assessment that considers whether learners can demonstrate that they can meet the assessment requirements for a unit through knowledge, understanding or skills they already possess and do not need to develop through a course of learning.
RPL policies and procedures have been developed over time, which has led to the use of a number of terms to describe the process. Among the most common are:
● Accreditation of Prior Learning (APL)
● Accreditation of Prior Experiential Learning (APEL)
● Accreditation of Prior Achievement (APA)
● Accreditation of Prior Learning and Achievement (APLA)
All evidence must be evaluated with reference to the stipulated learning outcomes and assessment criteria against the respective unit(s). The assessor must be satisfied that the evidence produced by the learner meets the assessment standard established by the learning outcome and its related assessment criteria at that particular level.
Most often RPL will be used for units. It is not acceptable to claim for an entire qualification through RPL. Where evidence is assessed to be only sufficient to cover one or more learning outcomes, or to partly meet the need of a learning outcome, then additional assessment methods should be used to generate sufficient evidence to be able to award the learning outcome(s) for the whole unit. This may include a combination of units where applicable.
OTHM provides equality and diversity training to staff and consultants. This makes clear that staff and consultants must comply with the requirements of the Equality Act 2010, and all other related equality and diversity legislation, in relation to our qualifications.
We develop and revise our qualifications to avoid, where possible, any feature that might disadvantage learners because of their age, disability, gender, pregnancy or maternity, race, religion or belief, and sexual orientation.
If a specific qualification requires a feature that might disadvantage a particular group (e.g. a legal requirement regarding health and safety in the workplace), we will clarify this explicitly in the qualification specification.
| Unit Reference Number | F/650/1150 |
| Unit Title | Principles and Concepts of Strategy |
| Unit Level | 5 |
| Number of Credits | 20 |
| Total Qualification Time (TQT) | 200 hours |
| Guided Learning Hours (GLH) | 100 hours |
| Mandatory / Optional | Mandatory |
| Sector Subject Area (SSA) | 15.3 Business Management |
| Unit Grading Type | Pass / Fail |
The Principles and Concepts of Strategy module explores the fundamental elements that guide strategic decision-making in organisations. It covers the analysis of internal and external environments, competitive positioning, and strategic resources and capabilities. Key frameworks such as SWOT, PESTEL, and Porter's Five Forces are examined to understand how they influence strategic choices. This unit also delves into the development and implementation of business strategies, emphasising the importance of alignment with organisational goals and the dynamic nature of the strategic landscape.
| Learning Outcome – The learner will: | Assessment Criteria – The learner can: | Indicative Content |
| 1. Understand the principles of business strategy. |
1.1 Explain what is meant by the term ‘business strategy.’ 1.2 Compare different levels of business strategy. 1.3 Compare elements of a strategic framework. 1.4 Explain strategy development processes. |
|
| 2. Understand key business strategy theories and concepts. |
2.1 Differentiate between different types of business strategies. 2.2 Compare the elements of a strategic management process. 2.3 Discuss key organisational theories which impact business strategy. |
● Types
|
| 3. Be able to measure a business’s micro and macro environment. |
3.1 Explain different techniques used to measure a business’s micro environment. 3.2 Apply techniques to measure a business’s micro environment. 3.3 Explain different techniques used to measure a business’s macro environment. 3.4 Apply techniques to measure a business’s macro environment. |
Internal vs external environment Micro (internal and industry) vs Macro environment (broader external) Internal environment Value chain analysis
PESTLE: political, economic, social, technological, environmental, legal. Scenario analysis SWOT: Strengths, Weaknesses, Opportunities, and Threats |
| 4. Understand a business’s strategic options. |
4.1 Explain what is meant by the term ‘strategic option.’ 4.2 Compare different strategic options available to a business. 4.3 Recommend and justify a relevant strategic option which a business could implement. |
Ansoff matrix Porter’s Generic strategies
|
THE MANAGEMENT OF HUMAN RESOURCES
|
Unit Reference Number |
H/650/1151 |
|
Unit Title |
The Management of Human Resources |
|
Unit Level |
5 |
|
Number of Credits |
20 |
|
Total Qualification Time (TQT) |
200 hours |
|
Guided Learning Hours (GLH) |
100 hours |
|
Mandatory / Optional |
Mandatory |
|
Sector Subject Area (SSA) |
15.3 Business Management |
|
Unit Grading Type |
Pass / Fail |
Unit Aims
The ability to attract, develop and retain talented employees is a key factor in a business’s success. Human resource management has its focus on supporting and enhancing business success and performance through its strategic vision and operational functions. The aim of this unit is to introduce learners to the key human resource management principles and concepts so they can support a sustainable approach to people management through an understanding of the purpose and scope of the human resource management function.
Learning Outcomes, Assessment Criteria and Indicative Content
| Learning Outcome – The learner will: | Assessment Criterion – The learner can: | Indicative Content |
| 1. Understand the purpose and objectives of human resource management. | 1.1 Explain how human resource management has evolved. 1.2 Discuss the purpose of human resource management. 1.3 Explain the objectives of human resource management. |
● Concept of human resource management ● People – process - performance |
| 2. Understand the functions of human resource management. |
2.1 Explain key operational functions of human resource management.
|
● ● ● Recruitment and selection Training and development Employee welfare ● Employment law compliance ● Strategy integration ● Strategic HR planning ● Human capital development ● Forecasting |
| 3. Understand how internal and external factors impact the human resource management function. | 3.1 Compare the internal factors which affect human resource management. 3.2 Compare the external factors which affect human resource management. |
|
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