Core Modules

Business Communication & ICT

Business Communication is increasingly becoming an important aspect of a business organisation today. The need to communicate effectively has already become a necessity than a choice for almost any type of business.  This module introduces the student to this increasing need to improve communication of business. It explores the implications of effective communication has for business environment and is examined by a series questions related to business.

Information Technology has become the architect of change all across different kinds of business organizations.  Progressively, information technology positively augments productivity and competitiveness of an organization which in return cuts costs and improves profits and consumer satisfaction.  This module points up strategic and operational implications of information and communications technology (ICT) as applied to business.  It explores on the impact of ICT as a tool for planning, managing, and marketing such industries. 

The specific Unit’s objectives are as follows:

-           to develop verbal communication
-           to understand non-verbal communication skill
-           to acquire professional presentation skills
-           to develop written communication such as essay writing; report writing and referencing.
-           to understand barriers to communication in business
-           to understand cross cultural communication in business
-           to utilize ICT productivity tools as a means to enhance their soft skills both in written and oral communication.
-           to explore how business organizations are transformed through ICT
-           to identify the capacities of ICT and other innovative technologies in empowering and transforming business organizations
-           to synthesize their knowledge on ICT as applied to business organisation and be able to provide new ideas on how to improve business processes as ICT steps forward

 

INTRODUCTION TO MANAGEMENT

Operating in an environment of globalisation and knowledge management, an organisation needs to be able to respond quickly to the changes so as to stay ahead of the competition. The task of managers has therefore shifted from a tight supervision and control of the work processes to that of empowering the individuals and teams to work together. Today’s managers perform the role of a coach and leader, guiding their ‘people’ towards achieving a common goal.

The Module will provide an opportunity for the students to analyse how management challenges have developed under the different conditions of the recent times.  It will explore how management practices impact on and is shaped by the environment, through a consideration of globalization, ethics, social responsibility, and the social and cultural context of management.  The Module will cover management thought, the main principles of management, management skills, social responsibility and business ethics.

The specific objectives of the Module are to impart knowledge and induce learning on the following key aspects

• Types of managerial work in organizations;
• Management of people as individuals and in groups;
• Different facets of leadership;
• Application of the management principles;
• Impact of change on organizations;
• Key factors that impact on how organizations and managers work;
• Cultural differences and their impact on the workplace practice;
• Corporate social responsibility and business ethics;
• Managing workforce diversity

 

ACCOUNTING

The Module Accounting is offered at the Higher Diploma in Business.  This Module introduces the students to the basic principles of Accounting and the procedures of applying of such principles in practice. 

The specific objectives of this Module are to impart knowledge on the

• Concepts, principles and assumptions in financial accounting;
• Complete accounting cycle, including related documents, procedures and financial statements;
• Internal control and related measures; and
• Communication and analysis of accounting information. 

Accounting is always described as a language of business.  Indeed, sensible business decisions have to be based on relevant and reliable accounting information. 

Accounting information has long been regarded as one of the major source of decision making information. Studying accounting not only helps students to communicate effectively in the current business world, but also enables them in decision making within the limitation of such information. 

For students who wish to pursue their career in the accounting profession, this Module will help pave the way for their further studies in other accounting related subjects. 

 

MARKETING FOR MANAGERS

Marketing for managers module will provide students with an introduction of marketing functions, basic elements of the marketing management process, and its key roles in a business’ operation. Students will be able to identify the importance of meeting market needs and wants in order to sustain and achieve global competitiveness. This course will also enable students to identify and solve many business problems by using a marketing perspective.  Focus will be on product, pricing, promotion, and distribution strategies.

The specific unit objectives are as follows:

• Analyze the psychology behind buyer behavior and client decision-making.
• Manage product through product & service lifecycle and the marketing mix.
• Understand elements of communication programs and ethics in marketing.
• Conduct market research to gain competitive intelligence.
• Value internet marketing in performing online marketing techniques.
• Discuss the significance of giving focus on appropriate marketing strategies.

 

BUSINESS LAW

The specific objectives of this Module are to impart knowledge on the

• State and separation of powers, meaning of law and sources of law
• Meaning of tort and negligence as a tort; Manufacturer’s and professional’s liability for negligence
• Principles of contract; ingredients of contract; contents of contract; consumer protection; duress and misrepresentation; discharge and remedies;

 

As a student of business studies every student is required to know the environment in which the business would operate. Indispensable among them would be the knowledge on the legal environment. Particularly, the knowledge on the principles of negligence, law relating to contracts and consumer protection are highly relevant for a businessman to be successful in his business. This Module would help the students to mould their understanding of the other business principles in a legal environment.

 

STATISTICAL TECHNIQUES FOR BUSINESS

This module covers intermediate statistical techniques that can be applied in various business disciplines, including marketing, management and economics. It makes use of examples drawn from these disciplines. The modules will enable students to analyze, interpret and utilize information, and assist managers, investors and the like in decision-making. It is common knowledge that business and finance professionals now routinely use basic to intermediate statistical techniques in areas such as marketing, management, risk management, auditing and accounting. Because of good employment prospects, there is considerable interest among students in business faculties in many colleges and universities to learn more than just basic statistical techniques.

The specific Unit’s objectives are as follows:

• to impart knowledge on basic statistical skills that will support a career in business
• to understand the significance on the use of statistics in decision-making in a myriad of disciplines

 

BUSINESS FINANCE

The Module Business Finance is offered at the Higher Diploma in level.

Business Finance deals with Financial mathematics, Risks & returns, Capital structure, Financial markets, Money markets, Currencies exchange markets and Techniques for decision-making and dividend policy.

The specific objectives of this Module are to impart knowledge on the

• basic financial techniques used in different areas of finance;
• nature and types of financial markets;
• various financial calculations;
• results of financial calculations;
• different ways of fund raising;
• implications of trading with regards to foreign exchange, etc.; and
• financial techniques to solve managerial problems.

 

As business grows, there is a need for more funds and hence different types of financing have to be considered. How do these methods of financing affect the firm’s revenue, profitability and also its cost of capital?

Today, firms have many financial choices available. These include listing the company, selling bonds, as well as borrowing from banks or obtaining credit from suppliers. It is therefore important to understand business finance, as well as the terms associated with it.

 

BUSINESS STRATEGY

Business strategy is increasingly becoming a more important aspect of business management today, in terms of sustaining growth and increasing shareholder value. Current business growth trends of globalization, internationalization and increasing M&A activities, underlie a renewed focus in the Strategic planning, and management process.
This Module introduces the students to the key building blocks of Business Strategy through the strategic planning process. It also demonstrate the integration of the various new business skills acquired by the students in the other modules of the HDBS course.
The specific objectives of this Module are to impart knowledge and to provide an appreciation of the tools and frameworks for the Strategic planning process in terms:

• Introduction to Strategy and the strategic management process

-  Strategic Vision and Business Mission

• Strategic analyses         -  Industry and Competitive analyses

-  Company situation analyses

• Strategy and competitive advantage
• Matching strategy to the Company’s situation
• Corporate diversification strategies
• Implementing strategy and managing change

Business Strategy planning develops the integrative skills of business students, giving them a holistic cross-functional and competitive perspective of the Company’s position, challenges and it’s strategic options.

Of importance, this course enables the students to gain a holistic understanding of the strategic and general management challenges in the Company’s business growth. To have an elementary overview of the Business Strategy course at this stage, will provide a early learning platform to develop and instill business acumen. 

 
BUSINESS ECONOMICS

The Module Business Economics is a Module of the Higher Diploma in Business validated and certified by CIE. Every business model has to operate as part of a Big System known as the Macroeconomic Environment. It becomes logical on the part of the business managers to have an adequate understanding of the concepts underlying the economic environment in order to help manage their businesses more effectively and efficiently. The Module provides the student with an understanding of international economics in general.

The specific objectives of this Module are to impart knowledge on the

• economic environment within which business operate;
• the theories of macroeconomics and their application to our daily lives;
• international financial markets and their impact on individual enterprises; and
• issues in international economics.

           
Economics plays a very important role in the people’s daily life as well as in the development, survival and growth of a nation. A person is affected by the prices of goods and services, the economic situation, the job opportunity etc. Everyday, there is news of the number of people retrenched, the interest rate, the downturn of the property market or the stock market and so on. Especially, after the economic crisis, the information on the overall economic status becomes more crucial to businesses and individuals. It is thus important for students to understand the nature of economics and how that could be used to facilitate business decision-making as well as international and regional economics and in facilitating the business decision-making at national and regional levels. Students should also be aware that a given economic problem might have more than one solution.

 

HRM Specialisation

DEVELOPING PEOPLE AT WORK

It is often said that an organisation is only as good as its people. Organisations of all types and sizes, including schools, retail stores, government agencies, restaurants, and manufacturers, have at least one thing in common that is they must employ competent and motivated workers. This need has become even stronger as organisations grapple with the challenges presented by a fast paced, highly dynamic, increasingly global economy. To compete and thrive, many organisations are including employee education, training and development as an important and effective part of their strategy.

The subject is designed to:

• Prepare and develop student’s knowledge, skills and professional practices that will enable them to perform the duties related to human resource development in an organisation.
• Provide students with the conceptual framework that can be applied in developing people at work.
• Examine how the performance management, human resource development and management policies and practices and other functions achieve goals of the business.

 

Human Resource Development (HRD), part of a larger human resource management system, includes training and development, career development and organisational development programs and processes. HRD managers and staff must establish working relationships with line managers in order to coordinate HRD programs and processes throughout the organisation. To be effective, HRD professionals must be able to serve in a number of roles. These roles will help the HRD professional to meet the challenges facing organisations in the future. These challenges include changing workforce demographics, competing in a global economy, eliminating the skills gap, and meeting the need for lifelong learning and becoming a learning organisation.

 

HUMAN RESOURCE STRATEGY

Human Resource Management Strategy subject gives an overview of the major strategic and operational aspects of human resource management (HRM). The concept of HRM is explored with reference to the potential for HRM to contribute to organisational strategies. The development and implementation of HR strategies is discussed. An overview of the HR functional areas is provided, and the linkages between HR functions are considered. The subject is designed to develop interpersonal skills required to function effectively within the organisation.

The subject is designed to:

• Prepare and develop student’s knowledge, skills and professional practices that will enable them to perform the duties related to human resource management in an organisation.
• Provide students with the conceptual framework that can be applied to human resource management applications.
• Examine how the performance management, human resource development and remuneration policies and practices and other functions achieve goals of the business.

One of the most important shifts in the emphasis of HR management in the past few years has been the recognition of HR as a strategic business contributor. Organisations emphasise human resources because effective use of people in the organisations can contribute a competitive advantage, both domestically and abroad. The strategic role of HR management emphasizes that the people in an organisation are valuable resources representing significant organisational investment. For HR to play a strategic role it must focus on the longer-term implications of HR issues.

 

INTERNATIONAL HUMAN RESOURCE DEVELOPMENT (IHRD)

The module International Human Resource Development is a Level 2 Module offered in Higher Diploma in Business Studies validated by the Royal Society of Arts, U.K.  International Human Resource Development takes off from the introductory module on Developing People at Work (DPW) and aims to enable learners to develop a critical analysis and appraisal of the essential cross-cultural issues, practices and frameworks which influence the development and implementation of HRD theories and practices across national boundaries.
On completion of this module, students are expected to be able to:

• diagnose and explain the cross-cultural issues, which impact, on the development of HRD activities across national boundaries
• contribute effectively to the formulation and communication of culturally relevant HRD practices for organisations operating globally
• critically assess and evaluate the validity and application of different HRM strategies and practices in diverse cultural and organisational settings.
• provide an informed up-to-date assessment of the implications of local and regional issues in relation to the HRD aspects of international business management.

International HRD focuses on the development of the resources in a company.  This field focuses on organizational development, performance management, training and learning and coaching for organizations operating globally or across national boundaries.  Thus, learners are exposed to evaluating the performance of employees, helping employees learn and develop new skills and providing assistance on areas that require improvement.  The module also, train learners to develop skills in diagnosing problems with how people can work