Pearson LCCI Level 3 Certificate in Business Principles & Practice

Course details

The Level 3 Certificate in Business Principles and Practice develops candidates understanding of the advanced principles and practices of business relating to the business environment and how businesses are organised and managed operationally and financially. It also looks at how business performance can be measured and improved and introduces concepts of business strategy and planning. The qualification is suitable for people who want to develop their understanding of modern business management practices in order to improve their business career opportunities and/or academic progression. It is particularly suitable for people who currently hold middle management positions within any of the functional business areas or those aspiring to such positions. This qualification is accredited on the National Qualifications Framework (NQF) in the UK as EDI Level 3 Certificate in Business Principles and Practice (VRQ) 600/4350/7.

Teaching / Learning Methods and Strategies

Trial of Past Year Examination Papers / Assignments / Classroom Face-To-Face Theoretical / Practical Explanations

Entry Requirements

1 GCE N Level OR
1 GCE O Level OR
LCCI Level 2 Certificate in Book-Keeping OR
NITEC/Higher NITEC
Assessment Information

EXAMINABLE THEORY PAPER (EXTERNAL AWARD BY LONDON CHAMBERS OF COMMERCE & INDUSTRY INTERNATIONAL QUALIFICATIONS, UK) - 4 TIMES / YEAR [MARCH & APRIL (Series 2/On-Demand) / JUNE (Series 3) / SEPTEMBER (On-Demand) / NOVEMBER & DECEMBER (Series 4)].

Criteria of Award

Candidates must fulfill at least 75% course attendance requirements by AEB to sit for examinations. To obtain the certificate, students need to obtain at least a Pass grade in their examinations.

Final Award

London Chamber of Commerce and Industry (LCCI) Level 3 Certificate in Business Principles and Practice

Module

This qualification is suitable for people who want to develop their understanding of modern business management practices in order to improve their business career opportunities and/or academic progression. It is particularly suitable for people who currently hold middle management positions within any of the functional business areas or those aspiring to such positions. This qualification can be taken as a standalone qualification or as a part of a range of Diplomas. The aims of the qualification are to develop candidates knowledge and understanding of: the nature of economic activity and the internal and external environment and constraints in which businesses operate; national and multinational forms of businesses and their impact on the local economy; how businesses are functionally organised and managed in relation to corporate culture, image and identity; the different aspects of operational and financial management of a business; strategic planning and the frameworks, models and strategies that may be used in strategic analysis and implementation; business performance measurement and the frameworks and practices that may be used to improve performance.

Assessment Objectives:

The examination will assess the candidates ability to demonstrate knowledge and understanding of:

the nature of economic activity and how the internal and external environment and constraints influence business activities
the features of national and multinational forms of businesses and their disadvantages and benefits to the local economy
the different types of formal organisational structures and the role of leadership and otivation as functions of management
the concept and importance of corporate culture, image and identity and how businesses may influence and develop these
the different methods of production and quality control and how technology and the scale of operations impact on business efficiency and effectiveness
the need for different sources of finance and the types of financial records that will be kept by a business
strategy, strategic planning and the use of techniques and frameworks such as PEST, SWOT, Porters Five Forces Analysis, Boston Consulting Group Matrix and Ansoff Matrix in strategic analysis and decision-making
the importance of measuring business performance and how KPIs and target-setting contribute to the process
the use of financial and non-financial performance measures, and frameworks and systems such as the Balanced Scorecard, TQM and MIS in improving business performance
Grading System

GRADING RESULTS
50% - 59% PASS
60% - 74% PASS WITH CREDIT
75% and above PASS WITH DISTINCTION
Expected date of release of Assessment result

Assessment results will be available to the students within 3 months upon completion of the last assessment for that assessment cycle. Appeal (if any) on assessment results must be lodged within 7 days after the release of assessment results.

Specimen Certificate

LCCI_Sample_Certificate_UPD2_BTCH1_v2_Pearson LCCI Level 3 Certificate in Business Principles