Equivalent to the first two years of BA University
Combined Levels 4 and 5 Diplomas in Business Management at Online Business Academy is an excellent opportunity of getting two courses at a special price. Level 4 Diploma is equal to the first year of a BA University diploma, while Level 5 Diploma is equivalent to the second year. Although we offer these programs as separate qualifications, you can choose a combined program that you will get at a lower price.
The combination of these qualifications can quickly track you to the final year of an associated Undergraduate BA in Business and Management, which you can take at a university on campus or via online learning. The program consists of 20 modules (10 at each Level) and carries 240 credits (120 for each Level). After finalizing these two levels, a student can apply for an exemption from the second year of a university degree course.
Each module consists of approximately 40 guided learning hours of material with an additional 30-50 hours of optional learning material. While studying this program, students will have access to additional materials to help in the completion of their graduate. The program is entirely individual and self-paced, which means that students learn on their own.
To enroll in a Level 5 course, you must be at least 19 years old and have a full secondary education and entry criteria equal to Level 4 qualification.
These qualifications provide a flexible route for learners who have already achieved management qualifications at a lower level. It is also great for learners who do not have business or management qualifications but may have qualifications in other areas and/or prior management experience.
Age: 19 +
- Prior study in business, the management or related subjects at Level 4 or above Level 4 qualification,for example, a Level 4 Diploma in Business and Administrative Management
- Other equivalent international qualifications
Successful completion of the full Level 5 Diploma in Management and final year of an accredited Undergraduate Degree program gives students the right credentials to apply for a job in marketing, accounting, human resources, management, or business consultancy.
This qualification develops your understanding of management and to develop key management skills. You may have already achieved management qualifications at a lower level, or you may not have management qualifications. You may have already gained qualifications in other areas and/or prior relevant experience in the workplace. This qualification is particularly relevant if you are seeking to progress to higher education to take a BA degree course in an area of management or you wish to progress your career in a management role.
The primary purpose of the qualification is to support progression to Level 6 learning. However, the course will help you gain knowledge and understanding of management concepts and develop the key skills required to work in a management role in any sector. If you are newly appointed to a first management position, the qualification will support you to develop in your role. If you are seeking a first management role, it will provide you with a comprehensive introduction to management that will enable you to apply for a management position with confidence. Through your selection of optional units, you can develop the particular knowledge and understanding that are relevant to your current responsibilities or your planned career development.
The Level 5 Extended Diploma in Management has ten modules and eight written assignments at each level. Once you complete the modules, you’ll get access to the assignments. The assignments are approximately 3000-5000 words each.
The Assignment unit titles for the level 5 course are:
- Managing Communications
- Business Organisations in a Global Context
- People Management
- Finance for Managers
- Research Project
- Marketing Principles and Practice
- Planning a New Business Venture
- Business Law
Assessment at Online Business Academy is a very straightforward process:
- After finalizing an online module, you will have to complete an online assessment. This assessment contains 30 multiple-choice questions. You will have one hour to complete these questions, which are answered in sets of five so you will have plenty of time to review and edit your answers. After an hour, the test will automatically time out.
- You will get the results immediately after you complete the test. If you didn’t pass, you will receive a notification of a “refer,” and you’ll have to retake a module assessment. You can complete these modules at your own pace, as there is no deadline to complete the course.
- Once you complete online modules, you will take the final written assignments that test your knowledge and understanding of the modules.
Through this qualification, you gain broad knowledge, understanding, and skills relating to management across sectors, which will enable you to progress to Level 6 Diploma in Management.
The Level 5 Diploma in Management is equivalent in level to the second year of a bachelor’s degree and covers the same broad areas of management knowledge, understanding, and skills. It, therefore, provides a natural progression route to a management BA degree program in a higher education institution, where you should be able to claim exemptions for some of the units completed.
You should take the Level 5 Diploma if you:
- are relatively new to management or are seeking an entry role in the management
- have already achieved Level 4 qualifications, or completed training at this level in a related area to management, or have prior, relevant experience
- want to develop a comprehensive set of knowledge, understanding, and skills relating to the management
- have sufficient time to achieve a qualification of 120 credits
- are planning to embark on a Management degree course and are looking for a qualification which will be regarded as equivalent to the second year and therefore ‘count towards’ your degree.
EduWW Online Business Academy offers high-quality UK programs at affordable tuition fees. The tuition fee differs depending on the study program. Additionally, we allow students to pay it in monthly installments.
Students are required to pay enrollment fees, as the first installment of tuition fees, in advance, and the rest will be divided into equal monthly payments. See the table below for more details.
We accept online payment and wire transfer. The tuition fee covers all our services. We will not impose any additional or hidden expenses on your behalf.
|TUITION FEE PAYMENT OPTIONS – EDUWW ONLINE BUSINESS ACADEMY|
|Program||Tuition Fee||Enrollment fee||Monthly installments||Monthly fee|
|Level 4&5||3,000.00 euros||700 euros||10||230 euros|
The fee for enrolling onto the Level 4 and Level 5 courses together is 3,000.00 €. Alternatively, students can enroll onto a single level (level 4 or 5) for 2,500.00€ each.
Students are required to pay an enrollment fee of 700 € in advance, while the rest of the tuition fee 2,300.00€ can be paid in up to 10 installments, which is 230€ monthly.
The course is Accredited by the ATHE and approved and regulated by OFQUAL.
ATHE Level 5 Extended Diploma in Business and Management
Available to learners
LEVEL 4 IN BUSINESS MANAGEMENT
- DEVELOPING PERSONAL SKILLS
Developing Personal Skills Develop a range of personal skills vital to the world of business. Concentrating on communication, leadership and decision making techniques.
Numeracy in business – financial information, stock levels, graphical representation
The communication cycle and media
Gathering information – interviews and questionnaires
Role of managers – Luthan’s activities
Culture and diversity – Hofstede’s ideas
Teams and team roles – Belbin, Tuckman
Communication is the key to effective operations and working effectively with others. Throughout this module, learners will grasp a range of communication techniques used for a variety of commercial purposes.7
The communication cycle
Image and communication
Use of ICT
Regulation – privacy, preventing loss, Data Protection Act
Management communication – presentations, bids, tenders, proposals
Effects of culture – Hofstede, Trompenaars, Schein
THE BUSINESS ENVIRONMENT
Explore issues outside of the business that may affect the business and its operations. Considering economics, international dimensions, nature, and competition.7
Influence of macro-environment – PESTLE analysis
The micro-environment – Porter’s Five Forces analysis and expanded version, SWOT analysis
Organisational structure and culture
Vision and missions
Core competencies and skills
Globalisation – elements, effects, responses
Exploring and using the marketing mix as part of the business planning process.7
Marketing overview – PESTLE analysis, Porter’s Five Forces framework
The buying process
The marketing mix – 4Ps and 7Ps extended mix
Communication – customer value, branding
This module looks at employees and people as a business’ most asset. Recruit the best, reward the best and retain the best.10
Relationships between business strategy and human resource strategy
Human resource planning – job analysis, skills
The labour market – PESTLE, SWOT
Job description and person specification
Human resource policies and procedures
Explore the various theories and models of management and their different contexts.7
Importance of ethics and ethical principles – codes of practice
Role of stakeholders
Recruitment, selection and discrimination
Corporate Social Responsibility
CULTURE AND THE ORGANISATION
What is meant by culture? Why is it important? How does it differ between organizations?5
Models of culture – Schein, Johnson & Scholes
Influence of culture – Schneider
Developing teams – Belbin roles, Tuckman
Managing and changing culture
FUNDAMENTALS OF ACCOUNTING
On completion of this module, learners will understand accounts and how they can be used to give insight into the health of the organization.6
Basic bookkeeping processes
Essential accounting methods
Financial statements – preparation, uses, limitations
Profit and loss account
Cash flow statement
FINANCIAL MANAGEMENT AND CONTROL
In this module, learners will compare some examples of good and bad financial decision making and the impact on the business.5
Cash and working capital
Financial management – use of financial statements
Sources of finance
Accounting standards – GAAP, SSAP, FRS, IAS
CUSTOMERS AND CUSTOMER SERVICE
After completing the module, the student should be able to describe the importance of focusing on customer needs and wants when marketing products and services.8
Relationship marketing – scope, development, 7Ps of marketing
Internal and external customers
Needs and wants
Consumer behavior – decision making, buying situations
Delighted customers – customer service
Effectiveness of marketing – brand recognition
External influences – PESTLE, consumer groups
LEVEL 5 DIPLOMA IN BUSINESS MANAGEMENT – THE ENTREPRENEURIAL MANAGER
What is an Entrepreneur? Examine the skills and qualities of entrepreneurship.8
The entrepreneurial approach
Management style – Blake and Moulton, Likert
Innovation and change management
Individual and team needs – Mintzberg
Dealing with conflict
MANAGING IN TODAY’S WORLD
Business in the modern world. This module focuses on governance and equality as a means to do right in business.9
Management, administration and leadership
Principles of management – Fayol, Moorcroft, Hamel
Tasks – Drucker, Stewart
Theories of management – Scientific Management, bureaucracy, Hawthorne experiment
Purpose, power and authority – Friedman, Handy
Delegation and empowerment
Why are organizations structured in the way they are? What determines the optimum structure and how does it differ between organizations? In this module, learners will look at the numerous models and theories that make up organizational structure.6
Historical development – Scientific Management, Classical Approach, Human Relations Approach, Systems Approach, Contingency Approach
Business environment – PESTLE analysis, Porter’s Five Forces
Influence of business strategy – Porter’s competitive strategies
BUSINESS PLANNING AND GOAL SETTING
What is the business trying to achieve? What will it do? How will it do it? This module focuses on the creation of clear goals and clear plans to achieve a clear objective.8
Stages in business planning
Vision and mission, goals and objectives
Creating a business plan
Scanning the environment – PESTLE analysis, Porter’s Five Forces framework
Competitive advantage – strategic group analysis
Market strategy – customer appeals analysis, Ansoff matrix
Internal strengths – SWOT analysis
Implementing, monitoring, and controlling the plan
POLITICS AND BUSINESS
Impact of politics on business and how it may help or hinder the business. This module will educate learners on economic impact, exports, and government support.6
Political influences on the macro-environment – PESTLE framework
Political influences on the micro-environment – Porter’s Five Forces model
Role of stakeholders
Economic policies and government legislation
International trade – theories of competitive advantage, Ohame, OLI paradigm
The European Union
Explore the statutory responsibilities of managers as learners consider the legalities of business and business executives.7
The legal system – structure, civil and criminal law, Court of Appeal
Commercial law – business contracts, services contracts, tort and trust
Business law – Companies Act
Corporate governance – legal obligations
International law – human rights
MARKETING AND SALES PLANNING
Learners will analyze how markets, customers, competitors, and products can come together in a cohesive plan.9
Markets, customers and offerings
The marketing mix
The 7Ms of marketing
Marketing strategies – internal and external markets, environmental analysis
Porter’s Five Forces framework
Market positioning and targeting – portfolio analysis, growth and entry strategies
Marketing plans and sales effectiveness – buying cycle
Understanding how your people and your business can continually improve together, learners will review reward structures, CPD, training and development to ensure high performance in business.9
Performance management cycle
Setting objectives – SMART
Addressing poor performance
Rewarding performance – performance-related, competence-based, skills-based, contribution-based pay
Motivation – Maslow, Herzberg, Adams, Vroom, Latham and Locke
Continuous Professional Development
PRACTICAL ACCOUNTING ANALYSIS
Learners will complete exercises in accounts throughout this module to understand what they are telling us and the actions that analysis can precipitate.7
Measuring financial performance – financial statements
Financial ratio analysis
On successful completion of this module, learners will have knowledge of numeric exercises and will understand their use within the context of the business.7
Statistical techniques – location and dispersion
Forecasting – time series analysis, correlation, regression analysis
Networks and scheduling – critical path analysis
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