National 5 Business Management

 

The National 5 Business Management Course builds on the skills, knowledge and understanding gained in National 4 Business and can act as an introduction to the world of business.

 

Learners will combine practical and theoretical aspects of business learning through real-life business contexts. The skills, knowledge and understanding gained are embedded in current business practice and theory, and reflect the integrated nature of organisations, their functions, and their decision-making processes.

 

The Course consists of three mandatory Units.  A pupil’s grade is based on the final exam (70%) and a coursework assignment under controlled conditions (30%):

 

  • Understanding Business (National 5)

Learners develop skills, knowledge and understanding by carrying out activities relating to the role of businesses and entrepreneurship in society, using real-life contexts.

 

  • Management of People and Finance (National 5)

Learners carry out activities to enable them to grasp theories, concepts and processes relating to human resource management. This allows them to demonstrate an understanding of how to manage people in order to maximise their contribution to an organisation’s success. Learners also follow basic theories, concepts and processes relating to financial aspects of business in preparing and interpreting financial information in order to solve financial problems facing businesses.

 

  • Management of Marketing and Operations (National 5)

Learners carry out activities that introduce them to the processes and procedures organisations use in order to maintain quality and competitiveness. Learners have to demonstrate an understanding of how marketing can be used to communicate effectively with consumers, maximise customer satisfaction, and enhance competitiveness. Learners explore and identify the processes and procedures required to produce goods or services to an appropriate standard of quality.