Bachelor of Commerce
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Applying Educational Knowledge and Skills in General Management
As a middle manager in the business, corporate, and financial sectors, it is essential to apply educational knowledge, skills, principles, and methods to effectively manage teams and projects. By utilizing a combination of foundational business concepts and advanced management techniques learned through education, middle managers can make informed decisions to drive business success.
Responding to Community Needs
Middle managers must possess the ability to understand and respond to the needs of the community. By engaging with stakeholders, monitoring social trends, and fostering relationships with community members, middle managers can ensure that their organizations are meeting the needs of the community in which they operate.
Responding to Business and Industry Needs
Middle managers must also be responsive to business and industry needs. By staying informed about market trends, industry best practices, and emerging technologies, middle managers can make strategic decisions that keep their organizations competitive and successful.
Private Sector Expertise
In the private sector, middle managers are tasked with driving profitability, managing resources efficiently, and creating value for shareholders. By applying their educational knowledge, skills, and management principles, middle managers can contribute to the overall success of their organizations in the private sector.
Economic, Business, and Financial Environments
Middle managers must have a strong understanding of economic, business, and financial environments to make sound business decisions. By leveraging their educational background and staying informed about market conditions, middle managers can navigate complex economic landscapes and drive business growth.
Commitment to Life-Long Learning and Education
Middle managers must also value life-long learning and education to stay competitive in today's rapidly changing business environment. By continuously seeking opportunities for personal growth and professional development, middle managers can adapt to new challenges, acquire new skills, and drive innovation within their organizations.
Conclusion
In conclusion, middle managers who apply their educational knowledge, skills, and principles to general management tasks can effectively respond to the needs of the community, business, and industry in both private and economic environments. By embracing life-long learning and recognizing the value of education, middle managers can make meaningful contributions to society while achieving personal growth and professional success.
Outcomes
- Apply the principles of supply and demand.
- Analyse the application of different economic policies: Monetary policy Fiscal policy Development policy Labour policy
- Evaluate the budget process and national income.
- Generate business ideas and start-up enterprises.
- Analyse the marketing environment and compose a marketing plan.
- Compose a budget and financial plan.
- Formulate and implement suitable business strategies.
- Apply general personnel management principles.
- Communicate at middle management level in the business, corporate and financial sectors.
Assessment Criteria
Assessment Criteria for Learning Competency in Economics and Business
Written Report on Micro and Macro-economic Conditions:
- The learner must demonstrate a clear understanding of micro and macro-economic concepts.
- The report should include an analysis of current economic conditions, trends, and their impact on business operations.
- Proper referencing and citation of sources should be included in the report.
Business, Marketing, and Financial Plans:
- The learner should compile comprehensive business, marketing, and financial plans according to set standards.
- The plans should be realistic, feasible, and aligned with the organization's goals and objectives.
- Financial projections and strategies should be clearly articulated in the plans.
Integrated Assessment:
- Continuous assessment through written tests, examinations, assignments, discussion groups, and case studies.
- Modules will be assigned credits with a final exam for modules where credits were not obtained.
- Assessments will be moderated to ensure alignment with qualification outcomes and assess critical competencies.
- Embedded knowledge components will be confirmed to ensure foundational competence.
- Internal verifiers will verify assessments for validity, credibility, and fairness of results.
By successfully completing the assessments outlined above, learners will demonstrate their knowledge, skills, and attitude in economics and business, as required by the qualification standards.
Qualification Details
- Type
- National First Degree
- NQF Level
- 07
- Min. Credits
- 536
- SAQA Source
- More Information
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This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.