Level 3 Diploma in Business Innovation and Entrepreneurship

Level 3 Diploma in Business Innovation and Entrepreneurship is one the newest and the popular internationally recognised qualification in the UK, accredited to Regulated Qualifications Framework (RQF) Level 3 and European Qualification Framework (EQF) Level 4, and it includes all elements of formal traditional Business Management, Business Studies or Administration qualification.

By studying Level 3 Diploma in Business Innovation and Entrepreneurship, you will become a qualified Entrepreneur to develop a new business idea or bring change and innovation in the products, services and processes to gain competitive advantages over your competitors in the local, regional or international market. This qualification will equip students capabilities to solve business problems, improve business communications, develop new business, explore business ideas, drive innovation in existing products and services, manage the internal and external business environment, information system, people/HR, and resources of any business in any sector. This course will also prepare a learner for professional managerial and leadership roles in the public or private sector.

By the end of the programme, students will be able to:

• understand innovation management for business development 
• understand the concept of entrepreneurship and its relation to small businesses;
• understand the concept of entrepreneurship and its relation to small businesses;
• Identify various theories of entrepreneurship
• Gain the skills and knowledge required for effective communications in the organisation;
• Develop critical thinking skills for innovative business ideas and evaluate entrepreneurial business idea;
• Identify analyse role, nature and characteristics of the entrepreneur in the economy;
• Understand the entrepreneurial steps to business planning;
• Understand the nature of small and medium enterprises (SME) and their marketing practices;
• Develop a marketing strategy for an existing and a new business;
• Identify an entrepreneurial role in brand development;
• Understand the nature of entrepreneurial finance and accounting principles;
• Understand entrepreneurial finance in the decisions making process.

Qualification Structure

Learners must complete all mandatory units and two optional units to achieve the Level 3 Diploma in Business Innovation and Entrepreneurship.

Mandatory units contain 30 credits.

1. Innovation for Business (10 credits)
2. English for Business Communication (10 credits)
3. Thinking Entrepreneurially (10 credits)

Optional units contain 30 credits (select two)

1. Entrepreneurial Marketing (15 credits)
2. Entrepreneurship and Entrepreneurial Business Planning (15 credits)
3. Entrepreneurial Finance and Accounting (15 credits)

Career paths

Level 3 Diploma in Business Innovation and Entrepreneurship introduces the world of business, and learners will be able to progress into a variety of careers, including:

• Progress onto Level 4 Diploma in Business Management or start a BA (Hons) degree.
• Starting own business, Managing Finance, Managing people,
• Business Development Manager or Director
• Senior Manager, Office Manager or Supervisor
• Team Manager or Supervisor
• Administration Officer/Administrator
• Senior Administration Officer
• Customer Service Manager

In addition to the above careers, Graduates can have their own business in various sectors: Marketing, Finance, Insurance Services, Energy, Manufacturing, and Retail.

Recognition and the Awarding body

Level 3 Diploma in Business Innovation and Entrepreneurship is regulated by Ofqual. The awarding body is Qualifi Ltd.

Assessment Methods

Each unit is assessed through an assignment. Students must achieve 40% marks to pass the units within the Level 3 Diploma in Business Innovation and Entrepreneurship.

Intakes and Apply for an admission

You can start the Level 3 Diploma in Business Innovation and Entrepreneurship anytime.

• Click here to apply for admission.