1Course Overview

CIE Level 5 Diploma in Business Studies Applications

Course code: OLL320

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Are you seeking to pursue a career in business? This course can equip you with the qualification you need to go onto further studying at an undergraduate degree level. It can also help you to learn the skills and knowledge you need to further your career.

This course will enable you to:

  • Understand how to use information, communication and technology ICT in the study of business
  • Explore the financial planning in a business
  • Investigate the Structure, risk and enterprise of a business
  • Learn about Job analysis and operational management
  • Study Marketing and the competitive environment
  • Explore the economy and how it has an effect on a business
  • Understand the layers in business administration
  • Know how leadership has an effect on how a business is run
  • Learn what business consultancy is
  • Understand how to manage a project and resources
  • Learn how to research and write for a business
  • Explore the role of human resources of a business

This course will allow you to study when and where you want, at your own pace. 

You will receive all of the course material through an online eLearning portal, so it couldn’t be easier. Our experienced and friendly tutors are always a click away by email, giving you advice and helping you through your course.

Develop your interest and knowledge by enrolling now and join the 60,000 students that have already done so.

Discounts on selected courses - Until 2nd July
2Course Content
Unit 1: Using information, communication and technology ICT in the study of Business
  • Types of ICT skills
  • Research techniques
  • Portfolio skills
  • Self-reflection
  • Tools and strategies
  • 4 Principles of self-assessment
  • Reflective writing
Unit 2: Financial planning in business
  • Output and input
  • Assessing and monitoring cost and profit
  • Fixed, variable and semi-variable cost and profit
  • Case study examples
  • Processes for increasing revenue
  • 2 Break even analysis
  • Margins of safety
  • 3 Cash flow forecasting
  • SMART Objectives
Unit 3: Structure, risk and enterprise
  • Competitor behaviour
  • Nature of demands in business
  • Cash flow and unforeseen expenditure relevant to enterprise activities
  • Control and monitoring
  • Customer reliance and its impacts
  • 2 Variance analyses
  • Hierarchy and chain of command
  • Overtrading
  • Definition and application with examples
Unit 4: Job analysis and operational management
  • Job structures and process
  • Job descriptions and expectations
  • Relationship of job to operational process
  • Person specifications
  • Example case studies
  • 2 Operational targets
  • Capacity utilisation
  • Formulae and equations
  • Unit costing and examples
  • Competitiveness
  • 3 Quality measurements
Unit 5: Marketing and the competitive environment
  • Aims and objectives
  • Business to business marketing
  • The Marketing Mix (4 ‘P’s)
  • Mass marketing
  • Niche marketing
  • Product development and the product lifecycle
  • Extension strategies and development
  • Product portfolio analysis and the Boston Matrix
Unit 6: The economy and business
  • GDP and GNP
  • The business cycle
  • Economic variables
  • Unemployment influences and impacts
  • Inflation: demand pull and cost push
Unit 7: Understanding the layers in business administration
  • Origins of leadership
  • Direction and alignment
  • Relationships and qualities
  • Empowerment and vision
  • Mastery
  • Empathy and values
  • Future roles and responsibilities
Unit 8: Leadership: developing visionary concepts
  • Characteristics of innovators
  • Repetition, representation and assistance as visionary concepts
  • Effective decision making
  • Group techniques
  • Steps in open-ended problem resolution
  • Self-directed techniques
Unit 9: Business consultancy
  • Aims and objectives
  • Selection, qualifications and experience related to practice
  • Small business advisory services and their role
  • Client customer relations
  • Conducting consultancy assignments
  • Key attributes for consultants
  • Client expectations
Unit 10: The project management perspective
  • Goal and objective setting
  • Deliverables and agreed timings
  • Stakeholder planning and procurement processes
  • Reporting, communication and feedback
  • Transparency and openness in approach
  • Responsibility and accountability
  • Client presentations
Unit 11: Resource management
  • Overview and aims and objectives
  • Roles within resource management
  • Applications and uses related to company/business objectives
  • People, equipment and labour
  • Materials and products
  • Using matrices and other resource management tools
  • Timeline planning
  • Relevance of resource management
Unit 12: Research and writing for business
  • Aims and objectives
  • Relationship
  • Methods
  • Empiricism in business research
  • Qualitative, quantitative and mixed methodology
  • Research
  • Action research
Unit 13: Human resource applications
  • Aims and objectives
  • Historical development and emergence of practices
  • Public sector development
  • Patterns of employment and the labour markers
  • Globalisation
Unit 14: Employment contracts
  • Elements of the contract Definition of contract terms
  • Position of minors in contracts
  • Intention within contracts
  • Influence of European law
  • Identification of the Contract of Employment
  • Case study review
  • Precedent and legislative directives
  • Employee status
Unit 15: Managing conflicts and motivation in business applications
  • Pre-legislative history
  • Post-legislative history
  • The Universal Declaration of Human Rights
  • UK legislative sources
  • European legislative sources
  • Articles of Treaties
  • Directives
Unit 16: Recruitment and selection processes
  • Who recruits and why within large and small businesses
  • Rational, aims and objectives
  • Direct and indirect recruitment
  • Processes and procedures
  • Phases of recruitment
  • Formal and informal recruitment
  • Source of recruitment
3Other Information

You are required to create an ePortfolio. After each unit you will have to send your work by email to your tutor. You will also have to take part in self-assessment activities, do your own independent research and conduct your own reflective journal.

Course Duration

You have 2 years to complete this course. The approximate learning time for each unit is 60 hours.

Study Method

This course will allow you to work at home or at work. All materials for the course will be received online. You will also get tutor support by email.

Course Outcomes

Successful students will achieve a CIE Level 5 Diploma in Business Studies Applications.

This course is awarded by CIE. CIE (Centre for Interactive Education) is an innovative awarding organisation in the UK. Their courses are known to allow learners to study in an interactive and effective way and in a time-efficient manner without compromising the quality of learning.

This course is thoroughly checked to ensure the best practice of quality assurance.

The completion of this course alone does not lead to an Ofqual regulated qualification, but may be used as evidence of knowledge and skills towards regulated qualifications in the future. The unit summary can be used as evidence towards your Recognition of Prior Learning if you wish to progress your studies in this sector.


Your Questions Answered

What skills are needed to enrol in this course?

All students must be 17 years of age and above. Students should have completed a Level 3 Diploma or an A level standard course (or equivalent) before enrolling on this Level 5 qualification.

Is there a time limit for the completion of this course?

You may start at any time and have 2 years to complete your studies. It is truly flexible and is designed to be adaptable around your lifestyle and other commitments.

What is included in the cost of my course?
  • Online learning platform
  • Personal tutor support
  • Assignment marking and feedback
  • Accreditation
  • Dedicated student support
  • FREE CV writing service
How do I get my work assessed?

You will send your work by email to your personal course tutor for them to mark and return to you. On successful completion of the course you will be awarded your CIE Level 5 Diploma in Business Studies Applications.

What if I still have questions?

That’s not a problem. We want to make sure you’re 100% confident about enrolling on the course and starting your study. So, just give our Student Support Team a call on 03300 563 100 and they’ll do their best to help.

Finance options

Provided by
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Deposit to pay:

  • Cash Price:
  • Loan Amount:
  • Loan Repayments:
  • Cost of Loan:
  • Number of Monthly Payments:
  • Total Amount Payable:

The total course fee includes a loan arrangement fee. Your initial deposit payment will be used towards this fee, any remaining fee balance will be added the loan amount.

Provided by

Our finance option is provided in partnership with AffordItNow.
For your finance application to be considered you must meet the following criteria:

  • Be over 18 years old
  • Be employed for at least 16 hours a week or retired and in receipt of a private or company pension. Certain state benefit schemes may also be considered.
  • Be a permanent UK resident with a 3 year address history
  • Have a good credit history with no late payments, debt relief orders or bankruptcies
  • Have a valid email address and can access it

Please note that meeting the above criteria does not guarantee finance acceptance.

Open Study College, 6140 Knights Court, Birmingham Business Park, Birmingham B37 7WY is a licensed credit broker, authorised and regulated by The Financial Conduct Authority (licence number 724179 with FCA).