BSB50120 Diploma of Business
If you’re looking to establish your own business or set yourself up for a workplace promotion, this qualification is designed to help you stand out from the crowd and achieve long-term career success.
By addressing the broad skills needed in dynamic business environments, AIM’s BSB50120 Diploma of Business covers many of the essential knowledge areas required to operate effectively in the Australian business landscape. With an emphasis on real-world business practice, it will equip you for a career in management by enhancing your understanding of business operations, teamwork and self-management while developing capabilities in problem solving, effective communication and continuous improvement.
Who should undertake this qualification?
If you’d like to be able to effectively manage the work of others while adding value and reviewing management practices, this qualification is applicable to a broad range of roles across multiple industries and disciplines. Students undertaking this qualification may already possess substantial experience with sound theoretical business skills and knowledge and are seeking to further develop their skills across a range of business functions.
Possible career outcomes*
Potential career pathways for graduates of this qualification include roles such as an Executive Officer or Administrator. Previous graduates of this program have gone on to roles ranging from clerical and administrative roles to community service and professional roles across a wide variety of industries including Education and Training, Health Care and Social Assistance and Retail Trade.
*As per data from the Australian Government Department of Education and Training as well as the National Centre for Vocational Education Research.
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Time Commitment
The time it will take to develop competency in the units that form this qualification is dependent on existing skills and experience.
Typically, to complete within the specified course duration, it is recommended that students commit approximately 17 hours per week to developing their competency through a range of learning, work-based skills testing and assessment activities
Assessments
Within the AIM assessment model, competency is demonstrated through answering knowledge questions and completing workplace-based practical assessment tasks. These tasks may include the need to utilise workplace-based activities involving others or participation in role plays, which will need to be videoed and submitted as part of the assessment evidence. You may be expected to source and research additional materials as part of your study.
Units of Competency
These units of competency have been developed in consultation with industry experts along with our facilitators who draw upon real-life case studies and examples to ensure the knowledge you gain is practical and applicable to your role.
This table below reflects the core units (C) and pre-selected elective units (E) of this course.
| Unit Code | Unit Name |
|---|---|
| MODULE 1 - CRITICAL THINKING AND PROBLEM SOLVING | |
| BSBCRT511 | Develop critical thinking in others (C) - This unit describes the skills and knowledge required to develop critical and creative thinking skills in others within a workplace context. |
| BSBCRT611 | Apply critical thinking for complex problem solving (E) - This unit describes the skills and knowledge required to apply critical thinking in order to develop solutions to complex issues arising in the workplace. |
| MODULE 2 - WORKPLACE COMMUNICATION | |
| BSBOPS501 | Lead communication in the workplace (C) - This unit describes the skills and knowledge required to lead communication in the workplace within any industry. |
| MODULE 3 - BUSINESS PLANNING AND RESOURCE MANAGEMENT | |
| BSBOPS601 | Develop and implement business plans (E) - This unit describes the skills and knowledge required to lead a business operation that covers the steps required to develop and implement business plans. |
| BSBFIN501 | Manage budgets and financial plans (C) - This unit describes the skills and knowledge required to undertake financial management in an organisation or work area. It includes planning and implementing financial management approaches and supporting and evaluating effectiveness of financial management processes. |
| BSBOPS501 | Manage business resources (C) - This unit describes the skills and knowledge required to manage resources according to planned business strategies. It includes analysing resource requirements, developing resource plans, allocating resources, and reviewing and reporting on resource usage. |
| MODULE 4 - SUSTAINABILITY AND CONTINUOUS IMPROVEMENT | |
| BSBSUS511 | Develop workplace policies and procedures for sustainability (C) - This unit describes the skills and knowledge required to develop and implement workplace sustainability policies and to modify the policy to suit changed circumstances. |
| BSBSTR502 | Facilitate continuous improvement (E) - This unit describes the skills and knowledge required to lead and manage continuous improvement systems and processes. Particular emphasis is on the development of systems and the analysis of information to monitor and adjust performance strategies, and to manage opportunities for further improvements. |
| MODULE 5 - BUSINESS RISK MANAGEMENT | |
| BSBOPS504 | Manage business risk (E) - This unit describes skills and knowledge required to manage business risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting. |
| MODULE 6 - UNDERSTANDING AND ANALYSING DATA | |
| BSBDAT501 | Analyse data (E) - This unit describes the skills and knowledge required to analyse data from a range of sources and to report findings of that data analysis. |
| MODULE 7 - CREATIVE THINKING | |
| BSBCRT512 | Originate and develop concepts (E) - This unit describes the skills and knowledge required to originate and develop concepts for products, programs, processes or services to an operational level. |
| MODULE 8 - PROJECT MANAGEMENT PLANNING | |
| BSBPMG430 | Undertake project work (E) - This unit describes the skills and knowledge required to undertake a minor project or a section of a larger project. It covers developing a project plan, administering and monitoring the project, finalising the project and reviewing the project to identify lessons learned for application to future projects. |
Additional Information
Completion of the BSB50120 Diploma of Business provides you with the necessary skills and knowledge to pursue studies at a higher level. Courses of interest might include the BSB50420 Diploma of Leadership and Management or the BSB60420 Advanced Diploma of Leadership and Management.
You may also consider advancing your qualifications by pursuing a postgraduate pathway towards a full MBA. AIM offers the Graduate Certificate in Management, Graduate Diploma in Management and the Masters of Business Administration. Study is available in both online and face-to-face delivery modes.
For more information, speak to one of our Senior Training Advisors on 1300 658 337.
Entry Requirements
To be eligible for enrolment at AIM into the BSB50120 - Diploma of Business you must:
- have a minimum of two years equivalent full-time workplace experience
- be 18 years of age or older at the time of enrolment
- be technologically literate and have access to the Microsoft Office suite or equivalent
- have continuous internet access
- have access to a workplace
- have a Unique Student Identifier (USI) number (you can receive a USI or check if you already have one by visiting www.usi.gov.au/students/get-a-usi)
- have the ability to read and write English and display numeracy skills to at least Year 12 level.
Find out more about the AIM Student Entry Procedure.
Recognition of Prior Learning (RPL)
Recognition of skills and knowledge gained through previous studies, work and life experiences may be used to award competency for Units of Competency within this qualification. Read more on Recognition of Prior Learning and Credit Transfer or call 1300 658 337.
Payment Options
Complete the enquiry form below or call 1300 658 337 to learn more about the following payment options and tuition fees.
- Pay upfront for the full cost of your qualification in one easy payment.
- Defer all or part of your tuition fees with flexible payment options through AIM's finance partner, zipMoney.
- Funding options may be available in your state, please contact us for more information.
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