LSIB Level 3 Business and Management Specification
LSIB Level 3 Business and Management Specification
LSIB Level 3 Business and Management Specification
BUSINESS MANAGEMENT
Credits : 120
Duration : 6 months / 9 months
Contents
Entry Requirements 4
Progression 5
Unit Specifications 7
Working in Teams 24
Entry Requirements
This qualification is designed for learners who are typically aged 16 and above.
Progression
On successful completion of a Level 3 Diploma in Business and Management there are a number of
progression opportunities.
The Level 3 Diploma in Business and Management is a 120 credit qualification. Learners must
complete the six mandatory units totalling 120 credits.
Working in Teams 3 20
Unit Specifications
Unit Format
Each unit is presented in a standard format. This format provides guidance on the
requirements of the unit for learners, tutors, assessors and external verifiers.
Unit Title
The unit title reflects the content of the unit. The title of each unit completed will appear on a
learner’s statement of results.
Unit Aims
The unit aims section summarises the content of the unit.
Unit Code
Each unit is assigned a unit code that appears with the unit title on the Register of Regulated
Qualifications.
Level
All units and qualifications have a level assigned to them which represents the level of
achievement. The level of each unit is informed by the level descriptors.
Credit Value
The credit value is the number of credits that may be awarded to a learner for the successful
achievement of the learning outcomes of a unit.
Learning Outcomes
The learning outcomes set out what a learner is expected to know, understand or be able to do as the
result of the learning process.
Assessment Criteria
The assessment criteria describe the requirements a learner is expected to meet in order to
demonstrate that the learning outcome has been achieved. Command verbs reflect the level of the
qualification e.g. at level 4 you would see words such as analyse and evaluate
Unit aims This unit aims to introduce learners to key aspects of all
businesses and how they operate within the wider business
environment, as well as internally. Learners will explore the
important business areas of finance, customer service, planning,
decision making and operational control
Unit level 3
Unit code K/508/3605
GLH 120
Credit value 20
Unit grading structure Pass/Merit/Distinction
Assessment guidance Assignments in accordance with awarding organisation guidance
Assessment
Learning outcomes. criteria.
The learner will: The learner can:
Pass Merit Distinction
1. Understand 1.1 Identify common 1 M1 Explain the
the key functions and advantages and
features of a divisions found in disadvantages of
business organisations each organisational
environment 1.2 Using examples, structure
describe different
structures within
organisations
1.3 Describe the key
differences 1 D1 Explain why an
between public, organisation may
private, voluntary choose to change its
sector, and public structure and the
service impact this may have
organisations
2. Know key 2.1 Explain key 2 M1 Interpret
financial accounting accounting
concepts used concepts information using
in 2.2 Describe the key accounting
organisations stakeholders who concepts
wish to 2 D1 Explain how
understand an stakeholders’
organisation’s interests might
financial situation influence an
2.3 Describe the kinds organisation’s
of business 2 M2 Explain how financial decision
information which and why budgets making
can be provided are monitored and
by budgets managed and the
processes used (3-
step budget
management and
virement)
others.
Indicative Content
Key accounting concepts (turnover, cash flow, profit & loss, break even, assets, liabilities,
balance sheet and liquidity).
Stakeholders - who is interested in knowing about an organisation’s financial situation, and
why.
Reasons for changes to an organisation’s financial situation
Definition; business information provided by a budget.
Monitoring and managing budgets – why; the 3-Step Budget Management Process, the
Virement process, fixed and variable costs.
Business Planning
Controlling Operations
Techniques for decision making: balance sheet technique, mind mapping process, the criteria
list technique, brainstorming
Implications of different kinds of decisions; Own preferred approach to decision making.
Use of appropriate decision-making technique to suit situations/circumstances; monitoring
outcome of decisions; recognising how cultural differences can impact on decision-making
process.
Unit aims Effective use of resources can be business critical. This unit aims
to ensure learners understand the range of resources businesses
need, why this must be monitored and how this can be achieved
through technology and other project management tools
Unit level 3
Unit code M/508/3606
GLH 120
Credit value 20
Unit grading structure Pass/Merit/Distinction
Assessment guidance Assignments in accordance with awarding organisation guidance
Learning outcomes. Assessment criteria.
The learner will: The learner can:
Pass Merit Distinction
1. Understand 1.1 Explain the 1 M1 Explain the
the importance resources needed impact of a shortfall
of resources to by organisations in in resources on
business different business business
success sectors of the performance
economy
2. Know how 2.1 Explain how and 2 M1 Explain best 2 D1 Assess
organisations why resources must practice in terms of resource monitoring
monitor the be monitored resource monitoring in an organisation,
use of 2.2 Explain what is and usage recommending
resources meant by further
benchmarking and developments
how it is used by and/or corrective
organisations to action
monitor resources
2.3 Explain what is
meant by
performance
indicators and how
they are used by
organisations to
monitor human
resources
3. Know about 3.1 Describe new 3 M1 Explain how 3 D1 Assess the
new technologies new technologies risks faced by
technologies available to are impacting on organisations if they
used in organisations organisations do not protect their
organisations 3.2 Explain how new technology
technologies are
used by
organisations
4. Understand 4.1 Identify and explain 4 M1 Plan a project
the process of the key skills to manage or
Indicative Content
Using and monitoring resources
Resources which are necessary for any organisation to prosper and thrive; their
importance and purpose, how to maximise use of, manage and conserve
organisation’s resources.
Monitoring resources: factors which need to be monitored on a regular basis; how to
monitor resources at work. Impact of not monitoring resources
Efficient resource monitoring, identification of problems, appropriate corrective action.
Harnessing Technology
Some of the most commonly used new technology words and phrases.
The most popular and widely used computer software programmes.
computer software programmes currently used in own workplace, and own current level of
skill and ability to use each one.
ways in which skills and abilities can be developed to work with the computer
software currently in use
the Internet and how it works.
Demonstrate, at work, confidence in your ability to work with new technology.
Project Management Skills
project management skills
the Three Stage-Project Cycle
o Identify and rank a project’s Critical Factors. o key dates/milestones (Gantt Chart)
o Analysis of project (e.g. SWOT Analysis Technique to identify project strengths,
weaknesses, opportunities and threats.)
o possible causes of a project’s problems (e.g. Ishikawa Fishbone Diagram)
o project tasks and the order in which these should be completed (e.g.’
The terms quality and excellence, why they are important to organizations
Tools and techniques to implement quality in an organisation:
o Total Quality Management (TQM)
o 3-Step Quality Control process
o Right First Time
o Quality Assurance
o Continuous improvement (Kaizen
Indicative Content
External Influences on Business
Environmental Awareness
Environmental damage: what it is, how it is caused (the factors which can contribute
towards environmental damage); how lack of care for the environment can impact on
business profitability and global reputation
Environmental awareness: why it is necessary for you/managers to understand the
importance of environmental awareness; methods to minimise environmental damage
within organisations17
Marketing : Marketing; the difference between marketing and selling; marketing objectives and
marketing plans
Business ethics: what an ethical organisation actually does and the benefits
Why individuals and organisation might make unethical decisions/use unethical business
practices.
How to introduce an ethical approach to an organisation.
Cultural impact
The term ‘organisational culture’; types of cultures e.g. Power culture, Role culture,
Task culture, Person culture.
Impact of culture; on management style, on individuals, on self (own preferred style)
and development.
Unit level 3
Unit code H/508/3604
GLH 120
Credit value 20
Unit grading structure Pass/Merit/Distinction
Assessment guidance Assignments in accordance with awarding organisation guidance
creativity at work
Indicative Content
Recruiting the Right People
Common recruitment methods
Managing Performance
Performance management: what it is; why it is important; the benefits for individual members
of staff, managers and organisations.
Standards: what they are and why they are necessary; the importance of realistic, work-
related Standards
The Seven-Step Process for Managing Performance
Staff appraisals: how to conduct theme to ensure they are effective
Developing and supporting people: Difference between training and development, different kinds of
development opportunities
Learning Organisations; psychometric tests and their uses; the learning cycle, learning
styles.
Supporting employees: coaching, mentoring, 21counseling; when to offer
The coaching process
Workplace Welfare
Unit aims Good teamwork creates synergy within an organisation. This unit
introduces the learner to the skills of teamwork- learners will
explore the features of an effective team, motivation and
leadership and the importance of delegating, influencing and
developing excellent interpersonal skills.
Unit level 3
Unit code A/508/3608
GLH 120
Credit value 20
Unit grading structure Pass/Merit/Distinction
Assessment guidance Assignments in accordance with awarding organisation guidance
abdication of
responsibility
Describe the
4.2 benefits and risks
of delegation to
managers and
members of a
team
Indicative Content
Working in Teams
The leadership role, the qualities and skills an effective leader needs to use, why leaders are
necessary; the connection between leadership and vision.
leadership styles, own preferred leadership style
Motivating People
What is motivation; motivation theories/what the leading thinkers have to say about
motivation
Attitudes and behaviours which motivate/demotivate
Effective Delegation
Influencing Skills
What is influencing; who you need to influence in your own working life.
Actions you need to take and the behaviours you need to demonstrate when you are
attempting to influence others
The negotiation process; a win/win situation, benefits of win-win
Indicative Content
Verbal communication
The importance of clear communication; impact of confused, unclear
communication.
Effective listening
Questions: open and closed questions; appropriate use
Communication styles: aggressive, passive and assertive; the importance and elements
of assertive communication.
Using communication skills to develop rapport with others.
Effective telephone calls.
Written communication
Non-verbal communication
Effective Meetings
Presenting Information
Types of presentation: when you could be called upon to present information to others.
Key areas of every presentation: Content, Visual Aids, and Delivery;
o Content: Introduction, main message, summary and closure; how to
prepare content
o Visual aids: types; difference between an effective (good) visual aid, and an
ineffective (poor) visual aid; how to prepare visual aids
o How to deliver: positive actions to take, and the negative actions to avoid; how to
prepare to deliver