Course Description 

LRN Level 5 Diploma in Business and Enterprise is addressed to individuals who want to develop their knowledge and skills in the business industry at a higher level.

Who is it for

The course is intended for managers of private, not-for-profit, and public sector organisations.

It aims to:

• Give practice or potential managers formal development in this role.
• Develop management understanding and assist participants in gaining the knowledge required at this level

Candidates may not be currently employed but may be engaged in a voluntary activity or planning to work in such an industry.

• An LRN Level 4 Diploma or
• Two Level 3 passes (at A-Level standard) or
• A Level 3 qualification, or above, with 120 credits and 480 Guided Learning Hours or
• Evidence of relevant employment in a business at a suitable level (which must include a signed reference letter from your employer)

English language: Candidates should also have a qualification for English Language at Level B2 (or equivalent)

Obtaining LRN Level 5 Diploma in Business and Enterprise will help enter University for a degree in Business. Obtain other qualifications at the same or higher level. Or obtain a work position in the management field.

Universities worldwide accept LRN qualifications therefore, obtaining a qualification and entering and applying at a relevant field of study will allow you to earn exemptions, thus, you will save yourself time and money!

The assessment consists of written assignments externally set and marked by the LRN. The marking of assignments will be carried out in accordance with the marking criteria listed in the assignments. In order to ensure a rigorous quality assurance model is applied, each assignment is moderated.

LRN will provide a sample assignment for each unit to its approved center through center portal.

Assessment criteria is based on: Distinction/ Merit/ Pass/ Fail

Qualification LRN Level 5 Diploma in Business and Enterprise

Unit Level 5

The above timescale is indicative and each candidate can work at their own pace to complete the LRN Level 5 Diploma in Business and  Enterprise.

The LRN Level 5 Diploma in Business and Enterprise consists of eight mandatory units plus eight optional units:

Mandatory Modules

1. Introduction to Business and Enterprise
2. Managing in a Global Business Environment
3. Organisational Behaviour
4. Introduction to Accounting

Optional Modules

1. Business Decision Making
2. Strategic Business Management and Planning
3. Ethics in Business
4. Corporate Social Responsibility
5. Project Management for Business
6. Employment Law
7. Business Law
8. Marketing Strategy
9. Marketing Communications
10. Employee Relations
11. Human Resource Management(Principles)
12. Managing Human Resources (Practice)

Analysis of each Module

Introduction to Business and Enterprise (Mandatory)

This unit aims to give you a considered understanding of:

• Being able to understand what is an enterprise
• Recognise the necessity for enterprise capability in creating a dynamic economy
• Understand the next level of enterprise

Managing in a Global Business Environment (Mandatory)

This unit aims to give you a considered understanding of:

• The markets in which different types of organization operate, and recognize the importance of organizational and cultural factors in shaping the global business environment
• Being familiar with how business is organized globally and understand the functions and roles of management for this environment
• Understanding how businesses can develop a strategy for the global environment whilst being aware of the needs for ethics business practices

 Organisational Behaviour (Mandatory)

This unit aims to give you a strategic understanding to:

• 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 the Structures of Organisation
• Understand Organisational Management

Introduction to Accounting (Mandatory)

This unit aims to give you a strategic understanding of:

• Understanding the sources of finance available to a business
• Understanding the implications of finance as a resource within a business
• Being able to make financial decisions based on financial information
• Being able to evaluate the financial performance of a business

Business Decision Making (Optional)

This unit aims to give you a strategic understanding to:

• 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 organizational context
• Be able to use software-generated information to make decisions in an organisation

Strategic Business Management and Planning (Optional)

This unit aims to give you a strategic understanding to:

• Understand the nature, scope, and need for strategic business management and planning in international profit and non-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 in an organization
• Understand the key forces that represent both opportunities and threats to organisations whether for-profit or non-profit
• Understand the strategy process for an organization to achieve a competitive advantage
• Understand the future challenges affecting strategic business management and planning

Ethics in Business (Optional)

This unit aims to give you a strategic understanding to:

• 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 (Optional)

This unit aims to give you a strategic understanding to:

• Understand current corporate social responsibility issues business face.
• Understand the impact of corporate social responsibility policy on different stakeholders
• Be able to make recommendations for responsible business practice

Project Management for Business (Optional)

This unit aims to give you a strategic understanding to:

• Understand project management principles
• Be able to manage human resources projects.
• Be able to apply project processes and procedures

Employment Law (Optional)

This unit aims to give you a strategic understanding to:

• Understand the sources, institutions and enforcement systems for individual employment rights
• Understand the nature and scope of the employment relationship in its legal and business context
• Be able to apply the legal provisions concerned with discrimination and health and safety in a legal and business context
• Understand the impact on the employment relationship of the developing law in the areas of human rights and data protection legislation

Business Law (Optional)

This unit aims to give you a strategic understanding to:

• Be able to apply the main principles affecting the legal relationship between business organisations and their consumers
• Be able to apply the legal rules on consumer credit agreements and agency
• Understand the legal rules relating to monopolies, mergers, and anticompetitive practices
• Know the key provisions relating to intellectual property rights

Marketing Strategy (Optional)

This unit aims to give you a strategic understanding to:

• Understand the concept and strategic role of marketing in business
• Know how to build a marketing strategy
• Understand the concept and role of market segmentation and positioning

Marketing Communications (Optional)

This unit aims to give you a strategic understanding to:

• Explain the concept of an integrated marketing communications strategy
• Explain the major theories relating to communication and communication processes and how these are used to underpin the development of real-world marketing communication
• Analyse the relative strengths and weaknesses of individual marketing communication tools (e.g. advertising, sales promotion, public relations and publicity, personal selling)
• Create an integrated marketing communications programme
• Analyse other related issues affecting marketing communications including the legal, ethical and cultural challenges and the implications of globalization

Employee Relations (Optional)

This unit aims to give you a strategic understanding to:

• Understand the context of employee relations against a changing background
• Understand the nature of industrial conflict and its resolution
• Understand collective bargaining and negotiation processes
• Understand the concept of employee participation and involvement

Human Resource Management (Principles) (Optional)

This unit aims to give you a strategic understanding to:

• Understand the difference between personnel management and human resource management
• Understand how to recruit employees
• Understand how to reward employees in order to motivate and retain them
• Know the mechanisms for the cessation of employment

Managing Human Resources (Practice) (Optional)

This unit aims to give you a strategic understanding to:

• Understand the different perspectives of human resource management
• Understand ways of developing flexibility within the workplace
• Understand the impact of equal opportunities within the workplace
• Understand approaches to human resource practices in organisations