OTHM LEVEL 5
DIPLOMA IN BUSINESS MANAGEMENT
Undergraduate level qualifications
120 credits (online)
Ofqual Qualification Number: 610/1527/1
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 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.
For entry onto the OTHM Level 5 Diploma in Business Management qualification, you must possess:
1. Relevant NQF/QCF Level 4 Diploma or equivalent
2. Mature students (over 21) with management experience (please check with LSBE regarding this experience prior to registering for the programme)
3. Students must be 18 years or older at the beginning of the course
4. English requirements: As this qualification is taught in English, you must have an appropriate level of English for entry onto the OTHM qualifications. If you are not from a majority English-speaking country, you must provide evidence of English language competency. For more information visit the English Language Expectations page. If you do not hold any certificate, LSBE will provide you with an English Level Test for free. Please contact us.
OTHM Level 5 Diploma qualifications represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to Higher National Diplomas (HND) and Year 2 of a three-year UK Bachelor's degree programme.
Qualification Structure and Content
OTHM Level 5 Diploma in Business Management consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.
The Management of Human Resources (20 credits)
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.
Principals and Concepts of Strategy (20 credits)
Simply put, strategy is about putting a business in the best place possible to gain competitive advantage in its target market. However, to achieve competitive advantage requires research, analysis, interpretation and strategic decision making. The aim of this unit is to develop learner’s knowledge and skills, so they are in a strong position to contribute to an organisation’s strategy development and implementation.
Marketing for Managers (20 credits)
The aim of this unit is to provide learners with a detailed understanding of the marketing planning process and to apply these principles to a variety of business contexts. The unit also provides a comprehensive understanding of environmental analysis and how this can lead to the development of appropriate objectives and strategies to enhance operational marketing performance.
Management Accounting and Decision Making (20 credits)
Management accounting provides business managers with financial information required to achieve business objectives. This requires effective decision making based on the timeliness and accuracy of financial information. The aim of this unit is to provide learners with an awareness of the scope and purpose of management accounting, so they are able to support effective decision making within a business.
Business Law for Managers (20 credits)
All businesses and those employed by it must operate within the laws, legislation and regulations of the countries in which it conducts its activities. Some law only applies to specific types of business and their legal structure whereas other laws apply to any business irrespective of their operations and location. The aim of this unit is, therefore, to support a learner’s exploration of laws, legislation and regulations which apply in their home country and to different types of business.
Business Start-up; Conception to Market (20 credits)
Many people dream of setting up their own business but are not aware of what is required, what support is available and what personal qualities are required. The aim of this unit, therefore, is to consolidate previous learning where learners employ the knowledge and skills of disciplines such as marketing and management to produce a viable business plan.
Duration and delivery
OTHM Level 5 Diploma in Business Management qualification is designed to be delivered over one academic year if you chose to study full-time, however it is also flexible to accommodate part-time and distance learning. At LSBE, the OTHM Level 5 Diploma in Business Management qualification is taught through online learning (Learning Management System and weekly live webinars).
Assessment and Verification
All units within this qualification are internally assessed 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, you must provide evidence to demonstrate that you have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria. The judgement that the students have successfully fulfilled the assessment criteria is made by the Assessor. The Assessor should provide an audit trail showing how the judgement of the students’ overall achievement has been arrived at.
Successful completion of the Level 5 Diploma in Business Management provides learners with the opportunity for a wide range of academic progressions including OTHM Level 6 Diploma in Business Management. As this OTHM qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), students are eligible to gain direct entry into Final year of a three-year UK Bachelor’s degree. For more information visit the OTHM University Progressions page.
As this qualification is taught through distance learning format, you will be studying online. Therefore, you must have access to a desktop or laptop computer and broadband internet connection.