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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