Advanced Diploma in Management
Business, Commerce and Management Studies - Generic Management
Purpose and Rationale
Qualification Purpose and Rationale
Purpose:
The Advanced Diploma in Management aims to develop graduates with lifelong learning capabilities and an understanding of the social context in which they will operate in the business world. The purpose is to equip qualifying learners with applied competencies in specialist and general business and management principles for a career in various management fields and as a basis for further graduate studies. This qualification also aims to prepare learners for postgraduate studies and to become competent organizational leaders and managers across all core functions of an organization. It focuses on developing ethical consciousness and enhancing knowledge and understanding of management-related areas.
Scope of Knowledge:
The qualification provides integrated knowledge in selected management functional areas, enabling learners to enter the business profession, apply management principles in their careers, and pursue postgraduate studies. Learners will develop skills in strategic planning, financial analysis, project management, leadership, diversity management, and personal development.
Competencies, Knowledge, Skills, and Values:
- Develop strategic plans incorporating environmental research findings.
- Apply strategic decisions in a theoretically sound manner.
- Analyze and evaluate financial statements.
- Make investment decisions based on financial analysis.
- Manage an organization's finances effectively.
- Understand project management principles and techniques.
- Monitor and control project execution.
- Manage administrative staff and information systems.
- Promote culture and diversity in an administrative function.
- Set personal goals for self-improvement and career development.
- Collect, analyze, and evaluate information across various management functional areas.
Additional Knowledge Areas:
- Appreciation for global forces affecting social and economic policies.
- Understanding key economic concepts and applying them appropriately.
- Developing a framework to comprehend macroeconomics and government interventions in an emergent economy.
Rationale:
The qualification aims to provide learners with a comprehensive understanding of management, project management, and financial management to effectively apply essential business strategies and techniques. It builds upon foundational knowledge and skills gained in related diplomas, preparing learners for postgraduate studies and providing insights into the working world through practical learning experiences.
Given the high levels of unemployment and skill shortages in South Africa, particularly within the management sector, this qualification seeks to address these critical shortages by instilling managerial, financial, and project management skills in learners to meet the demands of the economy. Emphasis is placed on corporate governance, transparency, and ethics in management practices to produce competent professionals for both public and private sector roles such as project managers, general managers, administrators, and financial experts.
Outcomes
- Plan strategically to give direction to the enterprise in a dynamic environment, implement goals and strategies successfully and apply the concepts of strategic management on all management levels to cope with environmental challenges.
- Interpret and prepare financial statements and draw relevant conclusions for investment purposes.
- Manage projects within the enterprise.
- Apply administrative principles within the enterprise.
- Apply basic principles of research, collect, analyse, organise theoretical and practical information across a range of functional areas of management and critically evaluate information if an area of specialisation is selected.
- Assess and reflect on how broad economic realities affect organisations in varying situations using taught economic principles, concepts and frameworks and, what the implications for managing organisations are, given these realities.
Assessment Criteria
Associated Assessment Criteria for Exit Level 1:
- Develop strategic plans integrating environmental research findings
- Show sensitivity to changes in risks and opportunities impacting strategy
- Apply strategic decisions ensuring goal maximisation
- Apply innovative solutions where appropriate
Associated Assessment Criteria for Exit Level 2:
- Analyse and critically evaluate financial statements
- Apply investment decisions based on financial statement analysis
- Conclude on short and long-term budgets
- Display an understanding of financial management
- Consider implications of bond evaluations and shares
- Apply long-term decisions on project feasibility using investment techniques
Associated Assessment Criteria for Exit Level 3:
- Demonstrate understanding of project life cycles and work break down structures
- Develop a project schedule, including procurement and resource plans
- Develop an s-curve for project management
Associated Assessment Criteria for Exit Level 4:
- Establish administrative staff members' level of planning, monitoring, and control of information systems
- Determine culture and diversity in an administrative function
- Create personal goals for self-development and employment prospects
Associated Assessment Criteria for Exit Level 5:
- Collect, analyse, organise, and critically evaluate theoretical and practical information in management
- Develop strategic plans integrating environmental research findings
- Show sensitivity to changes in risks and opportunities impacting strategy
Associated Assessment Criteria for Exit Level 6:
- Appreciate global forces affecting social and economic policies in an emergent market economy
- Understand key economic concepts and apply them appropriately
- Develop a framework to understand a modern macroeconomy and intervention consequences
- Apply economic thinking in reasoning about economic matters for business in a global market context
Integrated Assessment:
- Assessment strategies include participative assessment, case method, formative assessment, and summative assessment
- Formative assessment methods include tests, presentations, assignments, case studies, practical exercises, and projects
- Summative assessment includes written examinations
- Promotion based on meeting minimum pass percentage according to faculty and institutional guidelines.
Qualification Details
- Type
- Advanced Diploma
- NQF Level
- 07
- Min. Credits
- 120
- SAQA Source
- More Information
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