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 12 hours per week to developing their competency through a range of learning, work-based skills testing and assessment activities
Study Options
Online Study
AIM provides a self-paced online study approach for VET qualifications. While this method of learning provides you with a flexible approach that can help integrate your personal and work schedules, it’s important to study consistently to achieve your goals within the course duration. To help you stay on track all participants in AIM courses are provided with an individual training plan.
The BSB50120 - Diploma of Business qualification uses the myAIM learning platform to provide interactive learning content, support forums, and access to live virtually delivered seminars, drop-in coaching sessions, and assessment workshops, all completely online. Further support is available from assigned trainers via email and by appointment. Additional information about the study materials, course duration, and support are provided to new students via online orientation sessions.
Corporate Workshops
If you have several people wanting to study the BSB50120 Diploma of Business, AIM can develop a program for your organisation including contextualising it to your own business or industry.
The course structure for each delivery mode may vary slightly, so please speak with a Senior Training Advisor on 1300 658 337.
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 |
|---|---|
| BSBCRT511 | Develop critical thinking in others (C) – identify critical and creative thinking concepts and approaches, and their application to a workplace context, facilitate relevant learning opportunities for others, and monitor team skill development |
| BSBFIN501 | Manage budgets and financial plans (C) – prepare, implement and modify financial contingency plans, monitor expenditure and control costs, report on budget and expenditure, and review and make recommendations for improvements to financial processes |
| BSBOPS501 | Manage business resources (C) – consult with stakeholders and analyse information, plan for, acquire and allocate resources to maximise efficiency and manage risk, monitor resource use against budgets and business objectives, and report on the level of performance achieved and any adjustments needed to achieve service and product delivery standards |
| BSBSUS511 | Develop workplace policies and procedures for sustainability (C) – develop and implement sustainability policy and procedures into wider organisational policies and procedures, and consult and communicate with relevant stakeholders to generate engagement with sustainability policy development, implementation and continuous improvement |
| BSBXCM501 | Lead communication in the workplace (C) – develop and implement communication protocols in accordance with organisational requirements, present information in a persuasive and professional manner, apply negotiation techniques to reach desired outcomes, address communication challenges for continuous improvement |
| BSBOPS504 | Manage business risk (E) – consult and communicate with stakeholders to identify and assess risks, develop and implement an action plan to treat risks, monitor and evaluate the action plan and risk management process, and maintain documentation |
| BSBOPS601 | Develop and implement business plans (E) – create a business plan, including description of the business, products and services, financial, physical and human resource requirements, regulatory requirements, marketing strategy, financial indicators, and productivity and performance targets for key result areas |
| BSBDAT501 | Analyse data (E) – analyse and report on datasets according to organisational policies and procedures and industry best practice, and develop report on key outcomes of analysis of datasets |
| BSBCRT611 | Apply critical thinking for complex problem solving (E) – identify task objectives and risks involved with pursuing identified problem, research legislative frameworks, calculate resources required for solution development process, and present proposed solution to key stakeholders |
| BSBCRT512 | Originate and develop concepts (E) – generate potential innovative solutions to identified issues, evaluate viability of ideas, present ideas and information to others, and refine chosen solution in response to feedback. |
| BSBSTR502 | Facilitate continuous improvement (E) – develop systems and processes to enable continuous improvement through effective coaching and knowledge management practices |
| BSBPMG430 | Undertake project work (E) – develop a project plan, implement, monitor, finalise and review the project and determine lessons learned |
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.
