The business environment is becoming ever more global and as a consequence, the workplace is changing. People are often required to work cross-functionally and with people at other locations. People may be required to work as part of different teams on a variety of projects. Business awareness, being responsive and having a ‘can do’ attitude are essential, as is a willingness to work collaboratively with different people.
This unit introduces you to teamwork and the characteristics of effective teams. It will address team member skills and how to build effective working relationships within different types of teams and business structures, including virtual environments. As part of this, it will explore how teams need to be led, motivated, managed and monitored in order to be effective. As team working is not always easy, the unit also explores the difficulties that might be faced in different settings, and how to recognise and diffuse conflict.
As a consequence of completing the unit, you will evaluate your own skillset in relation to team work in order to optimise input into the teams you are part of, which will ultimately maximise your contribution to meeting business objectives.
This unit is assessed by exam.*
*Before 2020 it was assessed by assignment
In the current business environment, a key business skill covering multiple disciplines is the ability to manage projects from inception to delivery. This is a different challenge to being involved with regular 'business as usual' work as very often projects will impact directly the overall performance of the organisation. This unit expands the basic theory of project management into a practical, operational context and integrates all the fundamental tools and techniques required to manage projects successfully.
You will study modern project management techniques – network planning, critical path analysis, costing and budgeting, and resource management. Subsequent activities include progress monitoring, trouble-shooting and controls.
On successful completion of the unit, you will be able to apply the tools and techniques to a variety of projects in a workplace setting. You will know how to increase the chance of a project being successful - in terms of the deliverables being fit for purpose, meeting agreed deadlines and staying within budget. Being able to contribute in this way should have a successful impact on the performance of the organisation.
Quantitative skills are recognised as indispensable for aspiring managers and entrepreneurs. The focus of the Quantitative Methods syllabus is to:
- Develop quantitative thinking and skills
- Develop skills in gathering and computing numbers
- Cultivate the ability to present, interpret and communicate quantitative results for managerial decision making
- Build a robust quantitative foundation for other business units
Quantitative skills built at this level will help you to apply a number of concepts in other core areas of business management – marketing, accounting, finance and human resource management. Many decisions in these areas require quantitative skills, for example, calculating the sales volume for recovering costs, determining the price of a new product, estimating demand for the product, measuring the overall performance of the business
Assessment by exam.
In Introduction to Entrepreneurship, you will learn key success factors for enterprises and how to apply these to successfully innovate, develop and grow a business. Key business strategies, business development and the management of the enterprise through the business cycle will be explored.
For each element of learning, you will develop skills for applying theories and good practice for entrepreneurial success. Many of the skills learnt in the unit can be successfully applied in start-up enterprises or are transferable for use in everyday business.
Assessed by assignment.