Purpose:
The qualification aims to develop graduates with the capacity for lifelong learning and an awareness of the social context in which they will be working, once they enter the business world. The purpose of the Advanced Diploma in Management is to provide qualifying learners with applied competencies in the mastering, analysing, interpreting and applying specialist and general business and management principles in preparation for a career in a wide range of management field as well as to provide a basis for graduate studies in these fields.
This qualification further to prepare learners for Postgraduate study and to become fully competent organisational leaders and managers within and across the core functions of an organisation. This is done through the development of ethical consciousness and a deepening of their knowledge and understanding of theories, methodologies and practices in the selected management related functional areas. The scope of knowledge in this qualification is integrated knowledge of the selected functional areas of management.
The purpose of this qualification is to equip qualifying learners to enter the business profession, to engage in careers that require the application of management principles, and to pursue postgraduate studies in management with the following competencies, knowledge, skills and values:
Develop strategic plans which integrate environmental research findings (derived from macro-, industry-and internal-environmental scanning) and which show sensitivity to changes in risks and opportunities impacting the strategy.
Apply strategic decisions in a theoretically sound way, ensuring goal maximisation, as well as a willingness to apply innovative solutions where appropriate.
Analyse and critically evaluate the financial statements of any organisation.
Make investment decisions based on the analysis of financial statements.
Decide on short and long-term budgets and display an understanding of the management of the finances of an organisation.
Consider the implications of bond evaluations and shares.
Apply long term decisions on the feasibility of projects using investment techniques.
Estimate a project's cash flow and business risks and its suitability for inclusion in a firm's portfolio of investments.
Demonstrate an understanding of project life cycles, work break down structures.
Develop a project schedule, including a project procurement schedule and a basic project resource plan and s-curve.
The execution of a basic project baseline plan is monitored and corrective action s taken when required.
Plan, monitor and control of administrative staff members. Appropriate information systems.
Managing culture and diversity in an administrative function.
Setting personal goals and demonstrate an ability to develop self and employment prospects.
Demonstrate theoretical and practical information across a range of functional areas of management is collected, analysed, organised and critically evaluated in the form of reports and projects
Develop strategic plans which integrate environmental research findings (derived from macro-, industry-and internal-environmental scanning) and which show sensitivity to changes in risks and opportunities impacting the strategy.
Show an appreciation for the global forces affecting the social and economic policies of an emergent market economy.
Demonstrate a thorough understanding of key economic concepts (micro and macro-economics, supply and demand, price elasticity) and apply the language of economics appropriately to the context and system at play.
Develop a framework in which to understand the workings of a modern macroeconomy and the consequences of any intervention (e.g. by the government), especially in the context of an emergent economy.
Rationale:
This qualification is designed to provide the learner with the extensive understanding in management, project management and financial management and to ensure effective functioning by applying essential business strategies, principles and techniques. It builds on the fundamental principles, concepts and methods of the disciplinary knowledge and skills gained in the Diploma in Management and other related Diplomas. It allows qualifying learners an opportunity to broaden the scope of their knowledge and gain an in-depth understanding of the areas of specialisation which will prepare them adequately to enter Postgraduate studies in this and other related fields. It provides learners with insights to the world of work through work-integrated learning modalities thus giving them exposure to the demands of a changing work environment.
The South African economy is characterised by a high-level of unemployment and severe shortages of specific skills which are demanded in the economy. Critical shortages exist mostly in the management sector ranging from managers and professionals hence the rationale for this qualification is to strive to instil managerial, financial and project management skills in learners to support academic talents. Also, the importance of effective corporate governance, transparency and ethics in management underpin the implementation of this qualification. A qualified learner will be able to work in both the public and private sector as project managers, general managers, administrators and financial experts. |