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Level 3 Diploma in Business Management

Core functional areas of business

BM302 · The Business Environment — Week 3 of 16

CourseBM302
Week3 of 16
SemesterI
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This week’s topics

Core functional areas of business

  1. Human resource management
  2. Finance and accounting
  3. Marketing and sales
  4. Operations and production management
  5. Functional Areas Explained | HR, Marketing, Production & Finance
  6. Interrelationship of different functional departments
  7. Human Resource Management (HRM) Explained – Everything you Need to Know
  8. Sales and marketing

What you will be able to do

  • 2.1 State the functional areas of a business.
  • 2.2 Describe the activities of a business’ functional areas.

Activity

Start with this week’s 4 videos, then: Seminar, guided reading and a short written task: state the functional areas of a business.

Study materials

Videos

  • Functional Areas Explained | HR, Marketing, Production & Finance · YouTube · Two Teachers · 10 min · for registered students
  • Interrelationship of different functional departments · YouTube · Galton College · 27 min · for registered students
  • Human Resource Management (HRM) Explained – Everything you Need to Know · YouTube · AIHR - Academy to Innovate HR · 15 min · for registered students
  • Sales and marketing · Oak National Academy, Key Stage 3 (lower secondary level) · for registered students

Further resources

  • Introduction to Business 2e, ch. 8.1: Human resource management · PDF · OpenStax, textbook chapter; pp. 253–256 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 2Week 4
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Business activity and economic sectors
  • Week 2: Forms of business ownership
  • Week 3: Core functional areas of business
  • Week 4: Interrelationships between business functions
  • Week 5: Organisational structures
  • Week 6: Internal business auditing and SWOT analysis
  • Week 7: The external macro-environment
  • Midterm: Midterm evaluation
  • Week 9: Responding to external environmental change
  • Week 10: Microeconomic and macroeconomic influences
  • Week 11: Government intervention and the international economy
  • Week 12: Applying The Business Environment in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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