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Higher Diploma in Business
- Cambridge International Examinations
Course Introduction

The TMC Higher Diploma in Business is equivalent to the first and second year of a degree programme and enables students to enter directly to the final year of a number of UK degrees, or to claim advanced standing when entering Australian or other degrees.

The Higher Diploma aims to provide students with the critical knowledge and understanding needed to enable them to further their careers in a wide variety of business-related disciplines.  The programme develops students’ analytical, critical reasoning and thinking skills, while also enhancing abilities such as presentation and report writing.

Cambridge International Examinations validate the programme, providing quality assurance for the course structure, content, and assesment. The organisation moderates the setting and marking of all the coursework.

 The Higher Diploma consists of a total of 12 modules, 9 core and 3 in the specialisation (4 for accounting)

Core Modules

Introduction to Management
Operating in an environment of globalisation and knowledge management, an organisation needs to be able to respond quickly to the changes so as to stay ahead of the competition. The task of managers has therefore shifted from a tight supervision and control of the work processes to that of empowering the individuals and teams to work together. Today’s managers perform the role of a coach and leader, guiding their ‘people’ towards achieving a common goal.

The module will provide an opportunity for the students to analyse how management challenges have developed under the different conditions of the recent times. It will explore how management practices impact on and is shaped by the environment, through a consideration of globalization, ethics, social responsibility, and the social and cultural context of management. The module will cover management thought, the main principles of management, management skills, social responsibility and business ethics.

Assessment: 100% Coursework

Business Communications & ICT
Business Communication is increasingly becoming an important aspect of a business organisation today. The need to communicate effectively has already become a necessity than a choice for almost any type of business. This module introduces the student to this increasing need to improve communication of business. It explores the implications of effective communication has for business environment and is examined by a series questions related to business.

Information Technology has become the architect of change all across different kinds of business organizations. Progressively, information technology positively augments productivity and competitiveness of an organization, which in return cuts costs and improves profits and consumer satisfaction. This module points up strategic and operational implications of information and communications technology (ICT) as applied to business. It explores on the impact of ICT as a tool for planning, managing, and marketing such industries.

Assessment: 40%/60% (Coursework/Examination)

Accounting
This module introduces the students to the basic principles of Accounting and the procedures of applying of such principles in practice. Accounting is always described as a language of business. Indeed, sensible business decisions have to be based on relevant and reliable accounting information. Accounting information has long been regarded as one of the major source of decision making information. Studying accounting not only helps students to communicate effectively in the current business world, but also enables them in decision making within the limitation of such information. For students who wish to pursue their career in the accounting profession, this module will help pave the way for their further studies in other accounting related subjects.

Assessment: 40%/60% (Coursework/Examination)

Business Finance
Business Finance deals with Financial mathematics, Risks & returns, Capital structure, Financial markets, Money markets, Currencies exchange markets and Techniques for decision-making and dividend policy.

As business grows, there is a need for more funds and hence different types of financing have to be considered. How do these methods of financing affect the firm’s revenue, profitability and also its cost of capital? Today, firms have many financial choices available. These include listing the company, selling bonds, as well as borrowing from banks or obtaining credit from suppliers. It is therefore important to understand business finance, as well as the terms associated with it.

Assessment: 100% Examination

Marketing for Managers
The Module will provide students with an introduction of marketing functions, basic elements of the marketing management process, and its key roles in a business’ operation. Students will be able to identify the importance of meeting market needs and wants in order to sustain and achieve global competitiveness. This course will also enable students to identify and solve many business problems by using a marketing perspective. Focus will be on product, pricing, promotion, and distribution strategies.

Assessment: 100% Coursework

Business Law
This module introduces the students to the basic principles of law, the principles of negligence and the law of contracts. As a student of business studies every student is required to know the environment in which the business would operate. Indispensable among them would be the knowledge on the legal environment. Particularly, the knowledge on the principles of negligence, law relating to contracts and consumer protection are highly relevant for a businessman to be successful in his business. This module would help the students to mould their understanding of the other business principles in a legal environment.

Assessment: 100% Coursework

Business Economics
Every business model has to operate as part of a big system known as the Macroeconomic Environment. It becomes logical on the part of the business managers to have an adequate understanding of the concepts underlying the economic environment in order to help manage their businesses more effectively and efficiently. The module provides the student with an understanding of international economics in general.

Economics plays a very important role in the people’s daily life as well as in the development, survival and growth of a nation. A person is affected by the prices of goods and services, the economic situation, the job opportunity etc. Everyday, there is news of the number of people retrenched, the interest rate, the downturn of the property market or the stock market and so on. Especially, after the economic crisis, the information on the overall economic status becomes more crucial to businesses and individuals. It is thus important for students to understand the nature of economics and how that could be used to facilitate business decision-making as well as international and regional economics and in facilitating the business decision-making at national and regional levels. Students should also be aware that a given economic problem might have more than one solution.

Assessment: 100% Coursework

Statistical Techniques in Business
This module covers intermediate statistical techniques that can be applied in various business disciplines, including marketing, management and economics. It makes use of examples drawn from these disciplines. The module will enable students to analyse, interpret and utilize information, and assist managers, investors and the like in decision-making. It is common knowledge that business and finance professionals now routinely use basic to intermediate statistical techniques in areas such as marketing, management, risk management, auditing and accounting. Because of good employment prospects, there is considerable interest among students in business faculties in many colleges and universities to learn more than just basic statistical techniques.

Assessment: 100% Examination

Business Strategy
Business strategy is increasingly becoming a more important aspect of business management today, in terms of sustaining growth and increasing shareholder value. Current business growth trends of globalisation, internationalization and increasing M&A activities, underlie a renewed focus in the Strategic planning, and management process.

This module introduces the students to the key building blocks of Business Strategy through the strategic planning process. It also demonstrate the integration of the various new business skills acquired by the students in the other modules of the HDBS course.

Business Strategy planning develops the integrative skills of business students, giving them a holistic cross-functional and competitive perspective of the Company’s position, challenges and it’s strategic options.

Of importance, this course enables the students to gain a holistic understanding of the strategic and general management challenges in the Company’s business growth. To have an elementary overview of the Business Strategy course at this stage, will provide an early learning platform to develop and instill business acumen.

Assessment: 100% Coursework

Accounting Specialisation

Cost & Management Accounting
Cost and Management Accounting deals with Costing techniques and Cost Accounting methods; Short-term and Long-term planning; and Budgeting & Budgetary Control. The Module’s introduces students to the application of Costing and Management Accounting techniques used in planning, control and decision-making. It enables students to interpret and report upon the information obtained from the use of such techniques.

Accounting is a language that communicates financial and non-financial information to people who have an interest in an organisation. A Cost Accounting system accumulates financial information for stock valuation and profit measurement. A Management Accounting system accumulates, classifies and reports information that will assist managers in their decision-making, planning and control information.

Assessment: 100% Examination

Advanced Financial Accounting
Advanced Financial Accounting is a specialisation module in the Higher Diploma in Accounting. The Module helps to further develop students’ knowledge and capability in Accounting and Financial techniques and applications.

The module aims to build on students existing knowledge and understanding of Financial Accounting and the various accounting concepts and conventions. This includes the issues and impact of the various methodologies used in reporting company profits and performance, and the guidance application of various accounting standards used in preparing financial statements.

Assessment: 100% Examination

Financial System
The purpose of this module is to provide basic understanding of various Financial Systems, the segments and the main features of each System. It enables students to better understand the roles and functions of financial institutions, and to appreciate the wide range of economic and technological factors affecting portfolio risk and returns.

The Module provides an understanding of the overall view of the Financial System and the various constituents of the Financial System.

Assessment: 100% Coursework

Investment Planning Techniques
The module provides the students an understanding of numerical techniques relevant to finance and investment. Students will learn how to perform various financial calculations and interprete the results. The modules also includes the use of differentiation techniques to solve managerial type problems, and solving network problems using relevant methods.

The Module aims to give the students a foundation for the use of a variety of optimising techniques used by the management.

Assessment: 100% Coursework

Business Specialisation

International Organisation Behaviour
International Organisational Behaviour is increasingly becoming an important aspect of a business organisation today. Organisations need growth to reach a critical mass of operation and in the early phases of growth, they are not shacked by the immediate need for complicated structure and systems. But what is important at any phase is a firm’s development is the way staffs are managed. Leadership is always a critical factor and this module provides a valuable starting point for discussing the importance of OB as a field of study for all managers and professionals.

Organisational Behaviour (OB) is defined as a field of study that investigates the impact that individuals, groups, and structures have on behaviour within organisations, for the purpose of applying such knowledge toward improving an organisation’s effectiveness. OB is concerned with the study of what people do in an organisation and how the behaviour affects the performance of the organisation. It includes the topics of motivation, leader behaviour and power, interpersonal communication, group structure and process, learning, attitude development and perception, change processes, conflict, job design, and work stress.

Assessment: 100% Coursework

Marketing Communications & Research
This module is increasingly becoming an important aspect of a marketing organisation today. The need to conduct marketing research has already become a necessity than a choice for almost any type of business. This module introduces the student to the various communication tools and explores the implications of marketing communication for marketing decisions.

Companies need to communicate effectively and efficiently with their target markets. Global organizations must first look at the macro-to micro marketing communications approach at the broader implications of advertising, and then at the more focused promotion tools that can be used to communicate with target audiences. Marketing communications and research theory will be aligned with contemporary marketing practices by the use of case studies.

Assessment: 40%/60% (Coursework/Examination)

HRM Strategy
Human Resource Management Strategy subject gives an overview of the major strategic and operational aspects of human resource management (HRM). The concept of HRM is explored with reference to the potential for HRM to contribute to organisational strategies. The development and implementation of HR strategies is discussed. An overview of the HR functional areas is provided, and the linkages between HR functions are considered. The subject is designed to develop interpersonal skills required to function effectively within the organisation.

One of the most important shifts in the emphasis of HR management in the past few years has been the recognition of HR as a strategic business contributor. Organisations emphasise human resources because effective use of people in the organisations can contribute a competitive advantage, both domestically and abroad. The strategic role of HR management emphasizes that the people in an organisation are valuable resources representing significant organisational investment. For HR to play a strategic role it must focus on the longer-term implications of HR issues.

Assessment: 100% Coursework

HRM Specialisation

HRM Strategy
Human Resource Management Strategy subject gives an overview of the major strategic and operational aspects of human resource management (HRM). The concept of HRM is explored with reference to the potential for HRM to contribute to organisational strategies. The development and implementation of HR strategies is discussed. An overview of the HR functional areas is provided, and the linkages between HR functions are considered. The subject is designed to develop interpersonal skills required to function effectively within the organisation.

One of the most important shifts in the emphasis of HR management in the past few years has been the recognition of HR as a strategic business contributor. Organisations emphasise human resources because effective use of people in the organisations can contribute a competitive advantage, both domestically and abroad. The strategic role of HR management emphasizes that the people in an organisation are valuable resources representing significant organisational investment. For HR to play a strategic role it must focus on the longer-term implications of HR issues.

Assessment: 100% Coursework

Developing People at Work
It is often said that an organisation is only as good as its people. Organisations of all types and sizes, including schools, retail stores, government agencies, restaurants, and manufacturers, have at least one thing in common that is they must employ competent and motivated workers. This need has become even stronger as organisations grapple with the challenges presented by a fast paced, highly dynamic, increasingly global economy. To compete and thrive, many organisations are including employee education, training and development as an important and effective part of their strategy.

Human Resource Development (HRD), part of a larger human resource management system, includes training and development, career development and organisational development programs and processes. HRD managers and staff must establish working relationships with line managers in order to coordinate HRD programs and processes throughout the organisation. To be effective, HRD professionals must be able to serve in a number of roles. These roles will help the HRD professional to meet the challenges facing organisations in the future. These challenges include changing workforce demographics, competing in a global economy, eliminating the skills gap, and meeting the need for lifelong learning and becoming a learning organisation.

Assessment: 100% Coursework

International HRD
International Human Resource Development takes off from the introductory module on Developing People at Work (DPW) and aims to enable learners to develop a critical analysis and appraisal of the essential cross-cultural issues, practices and frameworks which influence the development and implementation of HRD theories and practices across national boundaries.

International HRD focuses on the development of the resources in a company. This field focuses on organizational development, performance management, training and learning and coaching for organizations operating globally or across national boundaries. Thus, learners are exposed to evaluating the performance of employees, helping employees learn and develop new skills and providing assistance on areas that require improvement. The module also, train learners to develop skills in diagnosing problems with how people can work together in a diversified and multicultural environment.

Assessment: 40%/60% (Coursework/Examination)

International Business Specialisation

International Business
International Business is increasingly becoming an important aspect of a business organisation today. The need to internationalise has already become a necessity than a choice for almost any type of business. This module introduces the student to this increasing international context of business and it explores the implications that external environment has upon business decision making.

International Business has already become a necessity than a choice for a business organisation. Unlike in the past, where international business studies were important only to companies involved in international trading and exports. Today every business is part of the global environment. With the arrival of the Multinational, Transnational and global companies, every business has to compete with international players even in the home country. This makes it very important to understand how international companies take decisions and the effects of those decisions.

Assessment: 40%/60% (Coursework/Examination)

International Organisational Behaviour
International Organisational Behaviour is increasingly becoming an important aspect of a business organisation today. Organisations need growth to reach a critical mass of operation and in the early phases of growth, they are not shacked by the immediate need for complicated structure and systems. But what is important at any phase is a firm’s development is the way staffs are managed. Leadership is always a critical factor and this module provides a valuable starting point for discussing the importance of OB as a field of study for all managers and professionals.

Organisational Behaviour (OB) is defined as a field of study that investigates the impact that individuals, groups, and structures have on behaviour within organisations, for the purpose of applying such knowledge toward improving an organisation’s effectiveness. OB is concerned with the study of what people do in an organisation and how the behaviour affects the performance of the organisation. It includes the topics of motivation, leader behaviour and power, interpersonal communication, group structure and process, learning, attitude development and perception, change processes, conflict, job design, and work stress.

Assessment: 100% Coursework

HRM Strategy
Human Resource Management Strategy subject gives an overview of the major strategic and operational aspects of human resource management (HRM). The concept of HRM is explored with reference to the potential for HRM to contribute to organisational strategies. The development and implementation of HR strategies is discussed. An overview of the HR functional areas is provided, and the linkages between HR functions are considered. The subject is designed to develop interpersonal skills required to function effectively within the organisation.

One of the most important shifts in the emphasis of HR management in the past few years has been the recognition of HR as a strategic business contributor. Organisations emphasise human resources because effective use of people in the organisations can contribute a competitive advantage, both domestically and abroad. The strategic role of HR management emphasizes that the people in an organisation are valuable resources representing significant organisational investment. For HR to play a strategic role it must focus on the longer-term implications of HR issues.

Assessment: 100% Coursework

Logistical Specialisation

Introduction to Business Logistics
Introduction to Business Logistics deals with the Logistics in Supply Chain Management and its Technology Structure. It covers Logistics of Business, Customer Accommodation, Strategy in Market Distribution as well as Procurement and Manufacturing, Operational Integration, Information Networks and Advanced Planning in Supply Chain. Business logistics is one of the most recent fields of study in business administration. It is concerned with the physical movement and storage of raw materials and semi-finished or finished goods, as well as the managerial activities that are crucial for effective control. The managerial responsibilities encompass customer service, inventory, transportation, warehousing, packaging, material handling and network design. Thus an exposure to general management and control concepts relevant to logistics is important.

Assessment: 100% Coursework

Supply Chain Management
Supply Chain Management deals more with the Operations and Network Design of the Supply Chain Management. It covers Management of Inventory, Transportation, Warehousing, Packaging and Materials Handling in the supply chain management. The Network Design used in the supply chain management includes Network Integration as well as Process and Techniques Design. Since early 1990’s, the field of supply chain management has become tremendously important to companies in the increasingly competitive global marketplace. In order to have an effective management and control, an understanding of how this field is applied in this 21st century is crucial.

Assessment: 40%/60% (Coursework/Examination)

Business to Consumer Logistics
The module Business to Customer Logistics is a module of the Higher Diploma in Business, specialising in Logistics. Business to Customer Logistics deals with the Concepts and Modeling of E-Supply Chain. It covers the Procedure for Modeling and Improving E-Supply Chain Management Processes, Dynamic Transhipment in the Digital Age, Building and Managing Modern E-Services and Service Value Networks.

New technology is creating new ways for organizations and customers to do business. The internet offers a wide range of services and products designed to cater for the needs of each individuals at low cost, fast and convenient from home and office. Businesses have to change their attitude and approach in marketing and customer relations. Business to customer logistics is thus important to provide the strategies and procedures in responding to increasing customer aspirations.

Assessment: 100% Coursework

Marketing Specialisation

International Marketing
The module builds on the materials of the modules of marketing management and strategic management. It encompasses the global and international marketing strategies applicable within the various industries and uses examples drawn from the businesses. One of the key issues is to develop students understanding of the difference between international and domestic marketing.

In the new operating environment, firms are increasingly linked to the international market place. Besides being subject to a wide range of macro-environmental factors, they also face competition from the global companies and multinational companies.

As the domestic market reaches the mature stage, the firms will find it necessary to expand its activities beyond its domestic market. In the international market place, they will face different sets of constraints imposed on them by the different national rules and regulations.

Assessment: 100% Coursework

Consumer Behaviour

The module intends to put forth the essence of consumer behaviour through behavioural concepts and models, and to show how an understanding of buyer consumption behaviour can complement marketers in implementing the marketing concept.

Consumers are constantly changing in their attitude, belief, taste, perception, preferences, values and activities regardless of their age, sex, or socio-economic background. The marketer who does not stay abreast of these changes faces the risk of launching a product that will fail miserably in the market place. Marketers make it their business to understand, predict and satisfy the needs and wants of consumers.

Knowing what consumers are thinking and doing as well as identifying what they want are essential for the effective delivery of products and services to consumers. A successful marketing campaign is very much dependent on keeping in touch with the consumers’ attitudes and behaviour. This Module introduces the notion of consumer behaviour as an interdisciplinary science that investigates the decision-making activities of individuals in their consumption roles and activities.

Assessment: 100% Coursework

Marketing Communications & Research
This module is increasingly becoming an important aspect of a marketing organisation today. The need to conduct marketing research has already become a necessity than a choice for almost any type of business. This module introduces the student to the various communication tools and explores the implications of marketing communication for marketing decisions.

Companies need to communicate effectively and efficiently with their target markets. Global organisations must first look at the macro-to micro marketing communications approach at the broader implications of advertising, and then at the more focused promotion tools that can be used to communicate with target audiences. Marketing communications and research theory will be aligned with contemporary marketing practices by the use of case studies.

Assessment: 40%/60% (Coursework/Examination)

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