Principles of Business – Level 3 – Online Course – CPDUK Accredited

This online Principles of Business training course will develop your knowledge of the effective running of a business entity. You will also learn the techniques that help you to operate successfully.

Course content

This online Principles of Business training course includes the following:

• Introduction
• Chapter 1 – Understanding business markets
• Chapter 2 – Types of businesses
• Chapter 3 – Innovation in business
• Chapter 4 – Financial viability and terminologies
• Chapter 5 – What is a budget?
• Chapter 6 – Marketing and branding
• Chapter 7 – Module summary.

Who is the course for?

This Principles of Business e-learning course is suitable for all health and social care workers, including:

• Managers
• Supervisors
• Entrepreneurs
• Everyone interested in business.

Course aims

The aims of this online Principles of Business training course are to develop in the learner:

• Learners’ practical skills and performance in the workplace.
• Learners’ knowledge of a range of business practices, including financial management and budgeting.
• Effective communication techniques to aid interactions with colleagues and customers.

Learning objectives

On completion of this Principles of Business e-learning course, the learner will be able to:

• Explain what is meant by a business market.
• Differentiate between business-to-consumer market and business to business market.
• Define the term service market.
• Examine internal and external factors that affect an organisation.
• Discuss the advantages and disadvantages of a private limited company.
• Explain the business innovation cycle.
• Define the term financial viability.
• Explain different types of budgets.
• State the advantages of budgets.
• Describe what involves branding.

Learning outcomes

On completion of this Principles of Business eLearning course, the learner will be able to:

• Describe the marketing and sales process.
• Outline the importance of brand value.
• Explain the importance of business innovation and growth.
• Justify the need for business financial management and business budgeting systems.
• Examine the consequences of poor financial management.
• Name the different types of business markets.
• Outline the characteristics of different types of business markets.
• Examine internal and external factors that affect an organisation.
• Explore the product or service development process.
• Justify the use of a budget.
• Explain the different models of business innovation.

 Why is this online Principles of Business training course essential?

The online Principles of Business course will impart to you the opportunities and challenges of a leading system intended to help you meet organisational challenges and objectives. You will also gain skills in developing team building, leadership, problem-solving and planning, all essential for the effective running of your business.