Advanced Certificate in Management Studies
Business, Commerce and Management Studies - Generic Management
Purpose and Rationale
Purpose:
The Advanced Certificate in Management Studies is a qualification that provides an introduction to management theory and practice. It offers a comprehensive overview of contemporary management practice in national and international contexts, along with an introduction to quantitative management methods. The qualification aims to develop conceptual understanding, synthesis, and application of management theory for learners looking to advance in management careers. It targets technically qualified individuals in junior and middle management positions who aspire to reach senior management roles. Primarily designed for non-commerce learners, it enables them to enhance their management skills without prior exposure to management's theoretical foundations.
Upon completion, the learner will be able to:
- Apply fundamental management principles in a work-based context.
- Utilize technology for effective communication.
- Solve marketing problems.
- Interpret financial statements.
- Manage information in a business setting.
- Demonstrate knowledge of basic economic principles.
Rationale:
The Advanced Certificate in Management Studies contributes to regional and national goals by fostering capacity building and human resource development in management for social and economic progress. This qualification allows learners to progress towards a Master's Degree in Business Administration. Graduates will possess the necessary skills to thrive in corporate and business environments, aiding in their functional and professional growth. Additionally, it widens the social base of higher education learners by catering to mature individuals with work experience.
Outcomes
- Apply fundamental management principles in a work-based context.
- Utilise technology to communicate effectively.
- Solve marketing problems.
- Interpret financial statements.
- Demonstrate knowledge of basic economic principles.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Identify and analyze management theories
- Locate an organization within management typologies
- Outline management challenges confronting managers
- Describe the management environment
- Analyze external and internal environment of an organization
- Differentiate functions of management
- Utilize decision-making techniques
- Apply group theory in various contexts
Associated Assessment Criteria for Exit Level Outcome 2:
- Describe operational, managerial, and strategic roles of information systems
- Understand major concepts, developments, and managerial implications of computer hardware, software, database management, and telecommunications technologies
- Explain how information technology is used in modern information systems
- Utilize IS systems to support decision making
Associated Assessment Criteria for Exit Level Outcome 3:
- Describe the nature and scope of the market environment
- Identify and evaluate environmental factors impacting marketing in an organization
- Apply basic marketing research concepts
- Determine target markets and undertake market segmentation
- Develop a basic marketing strategy
- Define, classify, and determine product prices
- Describe the role of the channel of distribution
- Classify retailers and wholesalers based on organizational and operating dimensions
Associated Assessment Criteria for Exit Level Outcome 4:
- Produce major documents of financial information
- Utilize financial information to analyze an organization's performance
- Implement financial information to produce and understand costs
Associated Assessment Criteria for Exit Level Outcome 5:
- Describe the relationship between different sectors, markets, and flows
- Explain basic concepts and techniques of economic analysis
- Analyze development in different markets using demand and supply
- Define and apply concepts of price, income, and cross elasticity of demand
- Describe basic production and cost concepts for analyzing firms' decisions
- Identify outputs and various prices related to profit maximization, efficiency maximization, and revenue maximization
- Explain the equilibrium of a perfectly competitive industry
- Apply cost and revenue concepts in different market structures
- Compare and contrast modern theory of the firm with traditional theory
Integrated Assessment:
- Utilize work-based assignments to test application of management principles
- Use numerical exercises to test calculation and interpretation of quantitative concepts
- Incorporate technology in submission of assignments and access to learning resources
- Assess learner's grasp of basic management concepts
- Measure competence in different areas of study through various assessment methods such as case studies, report writing, interpretative and analytical problem solving, work-based assignments, and self-assessment activities in course material
Qualification Details
- Type
- Advanced Certificate
- NQF Level
- 06
- Min. Credits
- 120
- SAQA Source
- More Information
Education Cost Calculator
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.