Business and the Business Environment

Learning Outcomes

 By the end of this unit a student will be able to:

1 Explain the different types, size and scope of organisations.

2 Demonstrate the interrelationship of the various functions within an organisation and how they link to organisational structure.

 3 Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations.

4 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors.


Marketing Essentials

Learning Outcomes

By the end of this unit a student will be able to:

1 Explain the role of marketing and how it interrelates with other functional units of an organisation. 2 Compare ways in which organisations use elements of the marketing mix (7Ps) to achieve overall business objectives.

3 Develop and evaluate a basic marketing plan


Human Resource Management

Learning Outcomes

By the end of this unit a student will be able to:

1 Explain the purpose and scope of Human Resource Management in terms of resourcing an organisation with talent and skills appropriate to fulfil business objectives.

 2 Evaluate the effectiveness of the key elements of Human Resource Management in an organisation.

3 Analyse internal and external factors that affect Human Resource Management decision-making, including employment legislation.

4 Apply Human Resource Management practices in a work-related context.


Management and Operations

Introduction:

The aim of this unit is to help students understand the difference between the function of a manager and the role of a leader. Students will consider the characteristics, behaviours and traits which support effective management and leadership. In addition, this unit will introduce the concept of operations as both a function and a process which all organisations must adopt to conduct business. Students will be introduced to contemporary and historical theories and concepts which will support their learning for this unit. On successful completion of this unit students will have developed sufficient knowledge and understanding of how management and operations make a positive, efficient and effective contribution to an organisation at a junior level. This could be in the role of a team leader or managing a specific aspect of an operation function and/or process. Underpinning all aspects of the content for this unit you will consider topics under two broad headings: management and operations. Pearson BTEC Levels 4 and 5 Higher Nationals in Business Specification – Issue 6 – July 2019 © Pearson Education Limited 2019 107 

Learning Outcomes:

By the end of this unit a student will be able to: 

1 Differentiate between the role of a leader and the function of a manager. 

2 Apply the role of a leader and the function of a manager in given contexts. 

3 Demonstrate an appreciation of the role leaders and managers play in the operations function of an organisation. 

4 Demonstrate an understanding of the relationship between leadership and management in a contemporary business environment.

Management Accounting

Introduction 

The overall aim of this unit is to introduce the fundamentals of management accounting which apply to the wider business environment and the organisations which operate within that environment. Students will explore how management accounting uses financial data to aid planning decisions, and the monitoring and control of finance within organisations. On successful completion of this unit students will be in a position to present financial statements in a workplace context and be able to assist senior colleagues with financial business planning. In addition, students will have the fundamental knowledge and skills to progress onto a higher level of study.

Learning Outcomes 

By the end of this unit a student will be able to: 

1 Demonstrate an understanding of management accounting systems. 

2 Apply a range of management accounting techniques. 

3 Explain the use of planning tools used in management accounting. 

4 Compare ways in which organisations could use management accounting to respond to financial problems.

Managing a Successful Business Project

Learning Outcomes

By the end of this unit a student will be able to:

1 Establish project aims, objectives and time frames based on the chosen theme.

2 Conduct small-scale research, information gathering and data collection to generate knowledge to support the project.

3 Present the project and communicate appropriate recommendations based on meaningful conclusions drawn from the evidence findings and/or analysis.

4 Reflect on the value gained from conducting the project and its usefulness to support sustainable organisational performance.