Advanced Diploma in Retail Business Management
Business, Commerce and Management Studies - Generic Management
Purpose and Rationale
Purpose:
The Advanced Diploma in Retail Business Management seeks to provide professional preparation for graduates or diplomats entering the field of Retail Business Management. It aims to equip learners with advanced knowledge and understanding of theories and practices in Retailing and Retail Operations, empowering them to independently identify, assess, and analyze retail management-related issues and challenges faced by organizations.
Individual modules in the curriculum are designed to help learners acquire industry-relevant knowledge, theory, skills, insight, research competencies, and the ability to apply retail principles effectively. Industry experts will also contribute as guest lecturers to provide learners with practical insights into strategic roles and operational functions within organizations.
Moreover, this qualification is intended to prepare learners for Postgraduate studies by deepening their understanding of retail theory, principles, and practices, thereby providing a solid foundation for further academic pursuits in the field.
Rationale:
The Advanced Diploma in Retail Business Management is part of the institution's revised Product Quality Management (PQM) initiative, aimed at preparing learners to excel in today's competitive business environment by gaining detailed knowledge about the role of retailing. It addresses the gap left by the phasing out of Bachelor of Technology Degrees at Universities of Technology and aligns with industry needs while contributing to the socio-economic demands of South Africa.
With the growing demand for Postgraduate qualified individuals in the retail sector, this qualification bridges the gap and equips learners with the necessary skills to tackle industry challenges effectively. It encourages learners to pursue further studies at Advanced Diploma (Level 7) and Postgraduate Diploma (Level 8) (Honours) levels, creating a pathway for vertical articulation and career progression.
By consulting with industry experts, Advisory committees, and relevant educational institutions, it was determined that there is a critical need for the Advanced Diploma in Retail Business Management to address the diverse needs within the sector. The qualification not only contributes to national skills development priorities but also produces employable graduates who can make a positive impact in society and meet the demands of the retail market effectively.
Outcomes
- Develop advanced competencies and demonstrate integrated knowledge of retail oriented strategies within retail business management, retail logistics management and retail operations management environment.
- Demonstrate detailed knowledge on advanced practices and trends in the retail business management sector.
- Show evidence of being able to apply the requisite steps in the research processes (Research methodology processes, application and practices.
- Display competencies in ability to data collection, analysis and reporting, demonstrate applied competencies in the development of integrated.
- Demonstrate applied competencies in the development of integrated retail branch management philosophy.
- Apply and analyse the global logistics management theories, issues and best practices.
- Identify initiatives, tactics and strategies suitable for enhancing supply chain management (retail logistics management) and performances.
- Display a detailed appreciation to undertake advanced retail operations management decisions in a dynamic environment.
Assessment Criteria
Associated Assessment Criteria for Exit Outcome 1:
- Understand the importance of retail oriented strategies and their implications on creation of sustainable advantage.
Associated Assessment Criteria for Exit Outcome 2:
- Formulate, implement and evaluate the wholesale and retail specific strategies.
Associated Assessment Criteria for Exit Outcome 3:
- Focus on preparation of a research project proposal.
Associated Assessment Criteria for Exit Outcome 4:
- Display knowledge of various research designs and their implications on data collection and analysis.
Associated Assessment Criteria for Exit Outcome 5:
- Empower learners with high level retail operational knowledge, understanding and skills needed to manage retail operations.
Associated Assessment Criteria for Exit Outcome 6:
- Focus on the latest trends and practices as well as macro and micro environmental factors that can impact in the management of logistics operations, global logistics operational systems, standard practices and ethics.
Associated Assessment Criteria for Exit Outcome 7:
- Understand an overview of supply chain management characteristics, problems and functioning.
Associated Assessment Criteria for Exit Outcome 8:
- Conduct an analysis of retail operation management.
Integrated Assessment:
- Assessment of modules in the Advanced Diploma in Retail Business Management will be in line with the assessment policy of the institution.
- Learning outcomes for all learning units and modules will be specified in the learner guide and will be used as the reference mark that must be satisfied in order for a candidate to obtain a pass mark.
- Formative assessment will be conducted using class tests, group presentations and assignments.
- Assignments will usually take the form of case study analyses.
- Summative assessment will be in the form of a final examination at the end of each semester.
- Informal assessment will be in the form of peer assessments and feedback sessions.
- The opportunity of sitting for a supplementary examination is available to those who intend to rewrite the examination for any reason.
- Assessments will be designed to meet the standard of a National Qualifications Framework (NQF) Level 8 qualifications.
- In each assessment, appropriate rubrics are designed and used to provide an authentic system of evaluating the candidates' work.
Qualification Details
- Type
- Advanced Diploma
- NQF Level
- 07
- Min. Credits
- 120
- SAQA Source
- More Information
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