12 Modules


12 Months



“Few of the advantages I came across studying with LSM is that the courses are delivered in such a flexible way, I was able to study whenever, wherever, I wanted, as the study portal is available online and all the study materials are provided there.”

– Ali Jomaa Arab

Overview of Qualifi Level 5 Diploma in Business Enterprise

This diploma course is an introduction to the world of business enterprise, and includes coverage of the key business aspects. The programme aims to build a foundation for marketing, finance, human resources or business which enables students to top up to an honours degree later on.

Course Leader

Chrishanthi Ranaweera

A course leader at LSM, Chrishanthi Ranaweera is a double Master’s holder. She possesses a Professional Postgraduate Diploma in Marketing from CIM, UK and is a Chartered Management Accountant of CIMA, UK. She is currently a doctoral candidate and has hands on experience in lecturing, tutoring and supervising over 2000 students for the past eight years


Communication in Organisations

This module looks at the development of practical leadership skills at a non-strategic level within the rapidly changing working environment. The module provides an opportunity for learners to explore the attributes and skills of successful leaders in depth. Learners will also be able to consider how some of the leadership theories and models can be applied to specific situations and learn how leadership skills can be developed.

The module draws on a selection of established principles and on more recent work. It seeks to consider their relevance to specific working situations. Through the study of leadership styles as well as current theories and models, learners will be able to gain an appreciation of leadership skills and their importance at all levels in organisations and for specific purposes.

Financial Awareness

This module introduces learners to the nature, role and importance of financial information in organisations from a managerial perspective. Learners will have the opportunity to look at communication and interpretation of financial information in relation to managing organisations, its regulations and structuring. Further, it will demonstrate the importance of using financial information in decision making, together with the principles of accounting, standards expected, and concepts and conventions that influence the presentation of financial information.

Through the examination of financial information, learners will learn about the important issues relating to the measurement of efficiency, profitability and solvency, and the different demands on organisations made by different stakeholders. They will also explore the extent to which external confidence is determined by financial performance.

Financial Awareness

This module is designed to introduce learners to the nature, role and importance of financial information in organisations from a managerial perspective. Learners have the opportunity to look at communication and interpretation of financial information for organisational management, its regulation, structuring and use in decision making. In addition, it will look at how the financial information is influenced by the principles of accounting, standards expected, concepts and conventions.

Through the examination of financial information, learners will learn about important issues relating to the efficiency measurement, profitability, solvency and different stakeholder demands. They will also explore the extent to which confidence is determined by financial performance.

Managing Change

Management has often been defined as ‘creating change through people’ and this module encourage learners to adopt to change within a turbulent environment. The module is designed specifically for managers or potential managers working at first line, or operational level employees who are seeking to change ongoing systems and processes in the workplace.

Learners will gain the realisation that it is only through ‘people’ that implementation of change can become successful. This module will allow learners to take a problem solving approach, initially defining issues and then looking at options, before selecting an appropriate route to change. Finally, the module looks at planning for implementation and evaluation of the change itself. There will be an emphasis on involving those directly affected, to gain their experience and knowledge as well as their commitment to, and ownership of, the change itself.

Business Operations

This module focuses upon the efficient planning and management of work activities. It provides learners with the knowledge and skills to design, implement and change operational plans to improve effectiveness and efficiency. The module therefore assists to design and monitor appropriate systems to ensure quality of the products and services are achieved.

Learners may investigate their own organisation and their role within it. Their research will involve evaluating the importance of business processes in delivering outcomes based on business goals and objectives, establishing customer requirements and developing and implementing operational plans to meet them. This will include the identification of resources needed, the planning and allocation of appropriate work activities, the setting and monitoring of performance measures and quality standards, and then taking appropriate action or making suitable recommendations to solve problems at work and managing the resulting change.

Developing Teams

This module focuses on building, developing and supporting teams to enable them to achieve their goals and objectives. Learners must identify the skills and potential of team members while providing opportunities for them to gain new skills and experiences. Learners will evaluate team roles and their importance when allocating team members to appropriate tasks in order to achieve objectives.

A key factor in a winning team is the team leader. Learners will have the opportunity to examine the qualities required of an effective leader to ensure that tasks are achieved, while building and developing the team and individuals within it. This module also focuses on methods for monitoring team performance and approaches for handling poor performance and conflict.

Entrepreneurship, Enterprise and Creativity

The focus of this module is to develop a thorough understanding on the role of entrepreneurial activity in new venture creation and to explore the different approaches to running a fast growth organisation. A distinction is made between the individual entrepreneur and the role of enterprise and creative thinking as a means of achieving fast growth.

The module combines the intellectual and practical skills of the learner in understanding and critical evaluating the entrepreneurial process and its emerging role in new business formation and growth. It combines the twin concepts of entrepreneurship with the management of a growing business. The module will be of interest to anyone who wishes to manage a growing organisation as distinct from working in a larger corporate business.

Influences on Organisational Growth and Development

The aim of the module is to provide the learners with an insight into the socio-economic environment in which business decisions are made and the impact that the changing business environment has on fast growth organisations. The focus is on defining the characteristics of growth organisations and how these characteristics influences the decisions taken. These decisions are viewed from a management perspective with the emphasis on the entrepreneurial teams as distinct from a traditional management structure.

Learners will evaluate current day influences on organisation growth and development. The influence of ethics and culture, internationalisation and individual behaviour are considered and evaluated as to their impact on organisational development and growth.

Venture Management – Growing a Business

This module focus on understanding the business development options that are available for organisations that grow on a fast pace. The module borrows from the literature on strategy, marketing and entrepreneurship to identify the choices that need to be made to sustain a rapidly growing business

Different growth models looks at entrepreneurial orientation and entrepreneurial learning as means of accelerating growth in smaller organisations. It also explores success and failure and how these can be measured as risk coping strategies. It is aimed at anyone who wishes to work in a growing business by developing an enterprising mind-set that facilitates creative thinking.

Marketing for Growth Organisations

This module will be of interest to anyone who wishes to explore new market opportunities, within an existing growth firms by creating a new business within a business. The module aims to develop marketing and market research skills. Learners will develop plans for a business to enter a market. Learners will be expected to show creativity and work with their ideas while looking at SMEs in the marketplace.

Developing and Launching a New Business

The module provides an appreciation of the role entrepreneurial thinking with reference to business start-up process and the preparation of a business plan.

The aim of the module is to better understand what makes a good business idea and how this idea can be translated into an effective business plan for a new start-up business. It offers practical insight into the business start-up process by allowing learners to find ideas, test demand for those ideas and communicate those ideas in a business plan.

The module requires the learner to identify and champion a business idea though the development stages, proving its viability to delivering a business plan.

Social Enterprise and Third Sector Organisations

This module will allow learners to understand the essence of entrepreneurship, management and leadership in social organisations and whether this differs from the same elements in any other profit making business. It concentrates on matching social goals with revenue streams to create a social organisation that is self-sufficient and can deliver services to vulnerable members of the community. Emphasis is placed on identifying new revenue streams that will ensure the independence of a third sector organisation. Consideration is also given to the role of stakeholders and how their expectation can be managed. This module introduces the social enterprise as a sustainable business model. It explores how matching social goals with revenue streams to create a social organisation that is self-sufficient can be successful.

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Projects you will be part of for the Diploma in Business Enterprise

Entrepreneurship and new business start-up

In completing the assignment, the students will be able to cover the learning with related financial information and the concepts and conventions involved. It also explores the effects of entrepreneurial and enterprising activity where the learners will get insight on creativity as entrepreneurs. It covers practical insight into a business start-up process by allowing learners to find ideas, test demand for those ideas and communicate those ideas in a business plan.

Marketing and Promotion

The assignment basically covers the methods used by successful firms to become market orientated to include becoming customer centered and creating sustainable competitive advantages. Also Core marketing concepts such as differentiation, value added and positioning are used in showing how growing firms respond and adapt to the changing market environments. Learners will develop plans for a business and will be expected to show creativity.

Business environment and Influence

In attempting the assignment, the leaner will be educated on the socio-economic environment in which business decisions are made and the impact that the changing business environment has on fast growth organisations. The learners are required to evaluate current day influences on organisation’s growth and development. Also influence of ethics and culture, internationalization and individual behavior are considered and evaluated on their impact on organisational development and growth.

Operations and Management in Businesses

The assignment covers the opportunities on team development, gaining new skills and experiences and ways to evaluate and improve their performance. It also looks into the learner’s awareness of organisational, personal, team and external communications. Different models and practices of change management and an understanding of how different organisations are structured and controlled are addressed. The learners will develop an understanding of the issues relating to the management of activities with a particular focus on problem solving.

Leadership and Management

Having learnt on international marketing management this assignment enables the learner to demonstrate an understanding of international business and marketing on a worldwide scale. It covers the trends in international business activities along with new production ideas. In addition, the candidate will develop the skills of evaluating business proposals.

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Entry Requirements for the Diploma in Business Enterprise If you wish to enrol in this programme, please make sure you meet the following entry requirements:

The prerequisite knowledge and/or experience you would need to study this course.

  • A minimum of 2 passes in GCE A-Level or equivalent.
  • Qualifications other than GCE A-Levels will be considered on an individual basis.


If you are not a native English speaker, we would require applicants to demonstrate a certified level of proficiency in IELTS of at least 6 or above, or equivalent.


Who should attend?

Individuals intending to pursue a career in the business industry would greatly benefit from the course programme. Furthermore, this unique online diploma programme is ideally suited to the fast-paced lifestyle of working professionals; allowing them to study modules when and wherever they choose.

What’s included before I enrol?

Free consultation – One on one communication with our student advisors to help you select the ideal course for your career development.

What's included after I enrol?

  • A welcome webinar – Conducted by a member from our academic team to provide you with an introduction to the course.
  • Extensive course materials – Includes structured lecture notes, industry examples and case studies which illustrate how theoretical concepts and techniques are being implemented in organisations.
  • A comprehensive e-library – Containing the recommended study texts for your course modules
  • Interactive online webinars – Conducted by module tutor before and after you submit a draft assignment or face a mock exam.
  • Dedicated one to one tutor support – He/she will work closely with you and provide complete guidance to help pass your assessments.

What happens after I complete the course?

This diploma, delivered by LSM Education, will act as a pathway qualification to your Bachelor’s degree. Upon successful completion of this diploma course, you will gain direct entry into a range of Bachelor’s Top-Up courses.

Can I get additional help?

We understand that online education requires more than one way communication from the lecturer.

As an online diploma student of LSM, you will be assigned a personal tutor to clarify and sort any enquiries you may have. In addition we also provide student support through the following methods:

  • Mock examinations/ draft assignment feedback – Before your final assessments, you will be given the opportunity to present your work to a tutor for feedback. This will help you to identify whether you meet the requirements, where you could improve and how you could improve.
  • Administrative support – You will be provided guidance from our dedicated administrative team. Their role is to answer all your questions with regard to the course structure, assessment deadlines or any other course-related questions you may have.
  • Peer support – Share study questions and ideas with your fellow course mates on our multi-platform accessible learning platform. To gain the best value from your Diploma in Business Enterprise programme, we recommend that you use this facility to network and build strong connections with your course mates.

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lsmQualifi Diploma in Business Enterprise (L5)