Entrepreneurship and Management Level 4 and Level 5

This Entrepreneurship and Management Level 4 and 5 course is ideal for individuals who have completed high school education (GCSEs or equivalent) and are considering working towards a university degree. During the Level 4 course, you will explore managing business operations, personal effectiveness, managing and using marketing, and much more. Meanwhile, during the Level 5 course, you will explore organisation structures, business planning, goal setting, and much more. This course provides you with the equivalent skills and education of the first two years of an undergraduate degree, at a pace that suits you. What next? The level 4 and 5 courses are equivalent to the first and second year of a degree course, so upon successfully completing this course, you can top up your qualifications with a full undergraduate degree through an accredited UK university. We recommend making sure your chosen university accepts these qualifications.

Course Content

Level 4 Managing business

• You will be introduced to key aspects of all businesses and how they operate within the wider business environment as well as internally.
• You will gain the knowledge and understanding of key business functions and their importance to business success.

Business environment

• This unit will develop your knowledge of the business environment and its impact on organisations.
• Factors that shape the internal environment and other external influences.
• You will develop approaches for managing change.

Personal effectiveness

• The skills of different approaches to learning and examines the significance of time management.
• Skills managers need to develop to solve problems and to make decisions.
• The issue of management stress.

The entrepreneurial manager

• Identify competing perspectives on the nature of entrepreneurial management as both a function and a process supporting the process of organisational change and environment.

Business planning and goal setting

• Identify the mechanisms for the setting of organisational goals and their achievement as part of the process of business planning.

The manager’s toolkit

• The most useful tools used in management and some of the uses of each.
• Understanding the principles behind each tool and enable them to be used with confidence.
• Analyse situations within the organisation.
• Develop solutions to organisational problems.
• Evaluate an organisation’s position in its operating and competitive environment.
• Develop elements of an effective organisational strategy.

Managing and using finance

• The use and management of finance within an organisation.
• An introduction to accounting and financial terminology.
• The basics of financial reporting.

Managing and using marketing

• Develop knowledge of marketing as key management tool.
• Understanding the marketing planning process and the role of internal as well as external marketing.
• Understand the value of marketing activities to an organisation.

Psychology of entrepreneurship

• Introduction to the fundamental principles of the science of psychology, relating them to the entrepreneurial perspective of business management.

Innovation and creativity

• The role of innovation and creativity for organisations.
• Models used to help understand and recognise their importance.
• Techniques to facilitate their use as part of strategic development.

Level 5 The entrepreneurial manager

• What is an entrepreneur?
• The skills and qualities of entrepreneurship.

Organisational structures

• Why are organisations structured in the way they are?
• What determines the optimum structure how does it differ between organisations?
• Models and theories that make up organisational structure.

Practical accounting analysis

• Completing exercises in accounts throughout this module to understand what they are telling us and the actions that analysis can precipitate.

Business planning and goal setting

• What is the business trying to achieve?
• What will it do?
• How will it do it?
• The creation of clear goals and clear plans to achieve a clear objective.

Politics and business

• Impact of politics on business and how it may help or hinder the business. This module will educate learners on economic, exports and government support.

Business law

• The statutory responsibilities of managers as learners look into the legalities of business and business executives.

Managing in today’s world

• Business in the modern world.
• Governance and equality as a means to do right in business.

Performance management

• Understand how your people and your business can continually improve together. Reward structures.
• CPD.
• Training and development to ensure high performance in business.

Marketing and sales planning

• How markets, customers, competitors, and products can come together in a cohesive plan.

Quantitative skills

• Knowledge of numeric exercises.
• Their use within the context of the business.