Diploma in Business Management 3rd Year
The third and final year is the last step in achieving this sought-after qualification. As a BMT College Diploma in Business Management graduate, you will automatically qualify for the Advanced Diploma in Business Management (NQF level 7).
The final year consists of eight multiple-choice assignments, four longer format assignments and a project.
The final panel interview sets you up to graduate in style and receive your qualification at our official annual ceremony.
Subjects and Modules
Subject: Human Resources Management III
The first subject of the final year continues to delve into the Human Resource Management function. The first module, Human Capital Development, provides a comprehensive overview of organisations and the influence of training and development within them. The second module delves into Industrial and Labour Legislation, covering topics such as collective bargaining and disciplinary and grievance procedures.
This module delves deeper into the concept of the learning organisation, exploring the significance of cultivating a learning culture. It thoroughly examines strategies to promote and enhance the learning culture while also addressing the obstacles that hinder its implementation and development. The second part of the module introduces you to all aspects of training and development, both from a micro and macro perspective. You will learn how to effectively plan, facilitate, and evaluate training interventions, as well as how to create an organisational training and development plan. Finally, the module concludes with a chapter emphasising the nature and importance of skill development in South Africa, covering employee retention, leadership, and assessment-related aspects.
This module offers a comprehensive exploration of collective bargaining and negotiations. It delves into the challenges and opportunities in the management-union relationship, highlighting the process of conflict handling and resolution through practical examples. The negotiation process is thoroughly examined, including labour and industrial relations, different negotiation approaches, and tactics employed to achieve compromise or settlement. Moreover, the module explores various bargaining structures, such as NEDLAC and workplace forums. It introduces you to participatory structures in collective bargaining and their respective functions. Furthermore, industrial action and strike management are investigated alongside chapters dedicated to grievances and disciplinary procedures. The final chapters of this module provide an in-depth understanding of business ethics – a subset of ethics that guides decision-making in the business realm. You will also explore the ethical value of responsibility, highlighting the vital role of good employment relations in supporting organisational goals and objectives.
Subject: Marketing Management III
We continue to examine the function of Marketing Management. The two modules, “Integrated Marketing Communication” and “The Business Strategy and Marketing”, provide you with an international perspective of the marketing mix, different means of communicating the marketing objectives, and online marketing. The final marketing module focuses on planning, implementing and controlling a marketing strategy that supports and aims to achieve the objectives of the organisational strategy.
This module delves deeper into the concepts and themes introduced in the second-year marketing modules of the Diploma in Business Management. It begins with an overview of integrated marketing communication and covers various marketing communication tools, including advertising, personal selling, and sales promotions. The module also examines online marketing, exploring e-commerce, Internet marketing, and social media marketing. While the second-year marketing subject focused on product, promotion, and placement within the marketing mix, this module thoroughly examines pricing decisions. Additionally, we explore the meaning and function of price. The module concludes with chapters on retailing and branding in relation to marketing. By completing this module, you will gain the skills to plan a marketing communication campaign and design a simple marketing-orientated website.
In this module, we bring everything you have learned about marketing together, to create a practical marketing strategy that supports and aims to achieve the goals of the business strategy. The first part of the module focuses on marketing information and research. The objective is to provide you with an opportunity to conduct marketing research by gathering data and information from various sources. You will then organise the information in a coherent manner to determine market demand and market potential. You will also learn to create a market forecast for a product or service.
The second part of this module delves into developing sustainable marketing strategies to utilise the information gathered during the marketing research process effectively.
In the last section of the module, we explore the topic of domestic versus international marketing. We will discuss the challenges and benefits associated with international marketing, examine the global business environment, and delve into researching the international climate and managing international marketing efforts.
Subject: Operations Management III
The two Operations Management III modules include “Integrated Operational Concepts” and “Enterprise Resources Planning”. By successfully completing these modules, you will gain a comprehensive understanding of important concepts such as supply chain and inventory management, as well as short-term scheduling, including resource allocation planning.
This module builds upon the foundational business operations concepts covered in the second year. We explore the significance and role of the supply chain, including performance measurement, improvement, as well as outsourcing and procurement. Additionally, the module introduces the topics of inventory management, including inventory management classifications, types, and rationale for holding inventory. To further our understanding of operations management, we will also delve into calculating carrying costs, ordering costs, and the costs associated with shortages and shrinkage. Lastly, we will explore the concept of Economic Ordering Quantity (EOQ). The module concludes with a chapter on short-term scheduling, sequencing, and Gannt charts.
This module focus on ensuring that the organisation have the required resources to make its products or deliver its services. The module covers material requirements planning, material requirements, manufacturing resources requirements and enterprise resources planning. The module also explores the concept of capacity, how to measure it and how to plan accordingly to manage constraints. The module continues with a chapter on aggregate planning and how to choose the right strategy for aggregate planning. In concluding the Operations Management subject of the Business Management Diploma, we discuss various contemporary operations management issues and challenges, specifically regarding productivity, “green management” or environmental challenges, safety management and technological management.
Subject: Financial Management III
The final subject of the third year of the Diploma in Business Management provides a functional conclusion to measure business performance and the importance of the organisation in the economy and society. The first module, Managerial Accounting, delves into fundamental cost concepts, emphasising cost accumulation, analysis, and control. The second module encompasses Advanced Economics, offering a comprehensive understanding of monetary, fiscal, and foreign sectors alongside in-depth discussions on inflation, unemployment, and economic development.
Building upon the knowledge gained from human resources, marketing, and operational management subjects, this module explores different types of costs, including manufacturing, material, labour, marketing, and absorption costs. It introduces the concept of managerial accounting, which, though similar to financial accounting, focuses on facilitating administrative and executive decision-making processes. The module further expands on the critical management functions of planning and control by creating functional and practical budgets for various aspects of an organisation. Finally, it concludes with a discussion on performance measurement (profit centres and rate of return), responsibility centres, and decentralisation.
Business organisations play a crucial role in fostering economic development and growth. To develop viable and economically sustainable plans and strategies, it is imperative to have an advanced understanding of an organisation’s place and function within the economic system. The module commences with a discussion on money, providing an introduction to the supply of money in South Africa. It then shifts focus to financial intermediaries, specifically the South African Reserve Bank, exploring the dynamics of money demand and supply, as well as interest rates within the monetary policy framework of South Africa. The module also delves into the topic of inflation, covering its measurement and forecasting techniques. Additionally, it addresses the issue of unemployment in the economy, examining various policies aimed at reducing it. Finally, this module concludes with a chapter on economic growth and development, distinguishing between the two concepts and discussing the measurement of economic growth, economic cycles, stimulants to growth, and limitations that can impede it.
- 8 Formative Assignments after each module
- 4 Summative Assignments after each subject
- Work Integrated Learning Project (WIL) and panel interview
- 1 FISA (Final Integrated Summative Assignment) after all completed subject
3rd Year Payment Plans
Ease into the Diploma in Business Management, with the option to change your learning pathway to Human Resource Management after the first year.
The first year consists of eight modules with a multiple-choice assignment each.
In addition, you will complete four longer format assignments in your own time to pass the first year and continue with the second year. There are no sit-down, timed exams! Read more…
The second year of the Diploma in Business Management introduces you to the core business management functional areas: human resources, marketing, operations, and financial management.
Each of the eight modules consists of a multiple-choice assignment. Four longer format assignments are completed at your own pace before the due dates to ensure your access to the third and final year.
There are no sit-down, timed exams! Read more…
The third and final year is the last step in achieving this sought-after qualification. As a BMT College Diploma in Business Management graduate, you will also automatically qualify for the Advanced Diploma in Business Management (NQF level 7).
The final year consists of eight multiple-choice assignments, four longer format assignments and a project.
The final panel interview sets you up to graduate in style and receive your qualification at our official annual ceremony. Read more…