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Level 5 Extended Diploma in Business and Enterprise (240 credits)

Online Course | Tutor is available to students | Qualification listed on OfQual website

London School of Planning and Management


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Study method
Online, self-paced
9 months
Level 5 Diploma in Business Enterprise (VRQ)
Regulated qualification What's this?
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students
  • TOTUM card is available to purchase separately What's this?

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This diploma provides comprehensive coverage of the issues, challenges and disciplines growth organisations or business start-ups face. Learners who want to make a success of their own business venture or to develop their skills in promoting or creating growth in organisations will gain significantly from this qualification.

The inspired student or entrepreneur will gain valuable insights into the characteristics, skills, resources and tools required to drive a growing organisation or business start-up forward. Learners will be required to be proactive and engage with businesses that have growth strategies or start-ups with ambition.

Learners will be expected to create ideas and plans that support their personal business goals or those of organisations that they are involved with. The Level 5 units are also designed to dove-tail into a top-up undergraduate year at a UK University.

OfQual Qualification Number: 601/8273/8

What is Ofqual?

The Office of Qualifications and Examinations Regulation (OfQual) regulates qualifications, examinations and assessments in England.

OfQual has set a range of rules for regulated qualifications, as well as guidance which supports those rules. The body also has set out separate rules for national assessments.

Why choose LSPM?

  • Your qualification is recognised and accepted world over.
  • Experience online-time study like never before with our purpose built smart learning tools which gives you advantage of studying anytime and anywhere.
  • Flexible payment plans, pay fee in easy monthly, quarterly or yearly instalments.
  • Fast track mode - attain your qualification in just 6 months !
  • Dedicated Tutor Support via live chat.


Level 5 Diploma in Business Enterprise (VRQ)

Regulated by Ofqual

Course media


  • View Book
  • Unit Specification - download


This qualification aims to give practising or potential managers formal development in this role. The qualification does this by developing management understanding and assisting participants in gaining the knowledge required at this level.

Candidates do not have to be currently employed to study this qualification, but may be engaged in voluntary activity or planning for work. These are stand-alone qualifications.


The Level 5 represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to Foundation Degrees, Higher National Diploma (HND) and Year 2 of a three-year UK Bachelor's degree.

Qualification structure

Level 5 Diploma in Business and Enterprise consists of 8 mandatory units and 8 optional units for a combined total of 240 credits.

  • Each unit is of 15 credit value

Mandatory Units

  1. Introduction to Business and Enterprise
  2. Managing in a Global Business Environment
  3. Organisational Behaviour
  4. Introduction to Accounting
  5. Business Communication
  6. Operations Management
  7. Leadership within Organisations
  8. Business Research

Business Units (Optional Units)

  • Business Decision Making
  • Externally Set Assignments
  • Strategic Business Management and Planning
  • Ethics in Business
  • Corporate Social Responsibility

Enterprise Units (Optional Units)

  • Risk Management
  • Planning a New Business Venture
  • Project Management for Business
  • Entrepreneurship

Law Units (Optional Units)

  • Employment Law
  • Business Law
  • Company Law
  • European Law

Marketing Units (Optional Units)

  • Marketing Strategy
  • Contemporary Issues in Marketing
  • Marketing Planning
  • Marketing Communications

HRM Units (Optional Units)

  • Employee Relations
  • Human Resource management (principles)
  • Managing Human Resources (Practice)
  • Human Resource Development

Tourism Units (Optional Units)

  • Sustainable Tourism Development
  • Resort Management
  • Passenger Transport Operations
  • Incoming and Domestic Tourism

Please note :
A candidate can choose the options that suit their career path.
For e.g. Tourism.

This will mean they have to undertake:

  • ALL mandatory units (120 credits) plus
  • 4 Pathway Tourism units (60 Credits)


  • 4 Optional units from any other Pathway/Optional group (other than Tourism) e.g. HRM or Management or Law or Business (60 Credits)

Who is this course for?

The qualification is ideal for those who have started, or are planning to move into, a career in private or public sector business.

Successful completion of the qualification will provide learners with the opportunity to progress to Level 6 Diploma qualification or opt for Bachelors Degree Top Up such as :-

  • BA (Hons) Business Management
  • BA (Hons) Business Studies
  • BSc (Hons) Management Accounting.


Learner must fulfil at least one of the following criteria to be allowed entry to the qualification:

Academic Qualification

  • Possession of Level 4 diploma or year 1 of bachelors degree or any equivalent overseas qualification


In case of no formal education, learners can gain entry on the basis of workexperience.

  • Learners having 2 years of work experience or more are eligible in case of no formal educational qualification.

Career path

On successful completion of Level 5 Extended Diploma in Business and Enterprise, there are a number of progression opportunities.

Candidates may progress to:

  • Other qualifications at the next level For example: Level 6 Certificate or Diploma in Business or,
  • Top Up Degree in Business or,
  • Employment in a middle management position

Questions and answers


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What does study method mean?

Study method describes the format in which the course will be delivered. At courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.