Business plays an important role in society, as it creates wealth, prosperity, jobs, and choices for consumers. It is therefore essential to have effective businesses and business managers to sustain this role. This course helps candidates understand the dynamic, changing and competitive environment of industry and commerce, and the environments that organisations operate in. It develops skills in communicating and presenting business-related information to stakeholders of an organisation.
Using current business theory and practice, the course reflects the integrated nature of large organisations, their functions and decision making processes. Candidates will develop understanding of the ways in which society relies on organisations and how external influences can affect them, a range of methods that businesses and other organisations use to meet customer needs, enterprising skills and attributes, how to analyse and interpret business information and communicate it in a clear and concise way.
National 5 Business Management, preferably at Grade A or B
The following units are studied:
Understanding Business
Management of Marketing
Management of Operations
Management of People
Management of Finance
The course assessment will consist of 2 components: a question paper and an assignment. The question paper has a total mark allocation of 90 marks. This is 75% of the overall marks for the course assessment. The question paper has two sections. The assignment has a total mark allocation of 30 marks. This is 25% of the overall marks for the course assessment. The assignment is designed to be completed over a notional period of 8 hours. This includes time for research and producing the final business report.
The course may provide progression to:
Advanced Higher Business Management
Further study, employment and/or training
Customer Services, Human Resources, Marketing, Operations, Finance, Management