The Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship is an excellent qualification for those aspiring to establish their own business or innovate within an existing organisation. This diploma offers a comprehensive, assignment-based approach to learning, allowing individuals to develop practical skills and knowledge crucial for success in the business world. As an Ofqual regulated awarding body, Qualifi ensures that this qualification meets high standards, providing learners with valuable credentials that are recognised across the UK.
The Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship covers several key aspects of entrepreneurship, including the development of new business ideas, planning, and the necessary skills to execute business strategies. It is designed for those who wish to learn how to innovate, launch a start-up, or grow an existing business through creative thinking and effective business management.
One of the significant advantages of this diploma is its flexibility. The course is assignment-based, meaning there are no formal exams. This allows learners to work at their own pace while developing practical business skills that are immediately applicable. As it is an Ofqual regulated qualification, employers and educational institutions recognise the diploma’s credibility and value.
Choosing the Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship means choosing a qualification that is recognised by employers and educational institutions. As an Ofqual regulated awarding body, Qualifi provides learners with qualifications that meet the highest standards of education. The course’s assignment-based structure ensures that learners gain valuable, hands-on experience, making them job-ready and confident in their business ventures.
The Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship qualification consists of 4 mandatory units for Credit Equivalency 60 for the completed qualification.
| Sr# | Unit Title | Credits | GLH |
| 1 | Innovation for Business | 10 | 65 |
| 2 | English for Business Communication | 10 | 65 |
| 3 | Thinking Entrepreneurially | 10 | 65 |
Optional Units
| Sr# | Unit Title | Credits | GLH |
| 1 | Entrepreneurship and Entrepreneurial Business Planning | 15 | 100 |
| 2 | Entrepreneurial Marketing | 15 | 100 |
| 3 | Entrepreneurial Finance and Accounting | 15 | 100 |
GLH (Guided Learning Hours) and TQT (Total Qualification Time) are terms commonly used in vocational qualifications to help define the amount of time a learner is expected to spend on their studies.
1. GLH (Guided Learning Hours)
GLH refers to the number of hours a learner spends being directly taught, supervised, or supported during their course. This includes the time spent in activities such as:
- Classroom instruction
- Practical workshops
- One-on-one tutoring or mentoring sessions
- Online learning sessions with tutor support
In other words, GLH represents the time that learners are actively engaged with their instructors or learning activities.
2. TQT (Total Qualification Time)
TQT represents the total amount of time a learner is expected to invest in completing a qualification, including:
- GLH (Guided Learning Hours): Time spent on direct learning, as explained above.
- Self-Directed Learning: This includes time spent on independent study, research, assignment completion, preparation for exams, and any other work the learner does outside of direct teaching hours.
TQT is a broader measure that includes all the time required to achieve the qualification. It helps learners and employers understand the overall commitment required for the qualification.
Key Differences Between GLH and TQT:
- GLH focuses on direct learning with guidance or supervision.
- TQT includes GLH as well as independent study time and other learning-related activities.
Example:
If a qualification has a TQT of 600 hours and a GLH of 250 hours, it means the learner should spend 250 hours in direct learning (classroom, online, or tutor-led sessions) and 350 hours on independent study or research.
Learning Outcomes of Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship
Innovation for Business
- Be able to understand innovation management for business development
- Be able to identify the value of innovation for business
- Be able to understand management of innovation in business development life cycle
English for Business Communication
- Be able to gain skills and knowledge required for effective communications in the organization
- Be able to identify ethical consideration for communication in the organization
- Be able to identify issues that reduce positive and effective communication in the organization
Thinking Entrepreneurially
- Be able to understand self-analysis in the context of entrepreneurial career
- Be able to develop critical thinking skills for innovative business ideas
- Be able to evaluate entrepreneurial business idea
Optional Units
Entrepreneurship and Entrepreneurial Business Planning
- Be able to identify various theories of entrepreneurship
- Be able to understand the concept of entrepreneurship and its relation to small businesses
- Be able to analyse role, nature and characteristics of the entrepreneur in the economy.
- Be able to understand the entrepreneurial steps to business planning.
Entrepreneurial Marketing
- Be able to understand the nature of small and medium enterprises (SME) and their marketing practice.
- Be able to develop a marketing strategy for a new business.
- Be able to identify entrepreneurial role in brand development and market positioning.
- Be able to analyse key issues and challenges faced by entrepreneur to target a market.
Entrepreneurial Finance and Accounting
- Be able to understand the nature of entrepreneurial finance and basic accounting principles.
- Be able to identify nature, purpose and characteristics of financial statement.
- Be able to identify sources of finance for a new business and highlight their characteristics.
Be able to identify the role of entrepreneurial finance in decisions making process
Course Benefits of the Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship
The Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship offers a wide range of benefits to individuals looking to develop their entrepreneurial skills and establish a strong foundation in business innovation. The course is designed to provide learners with the knowledge, practical experience, and confidence needed to succeed in the dynamic business world.
- Develop Practical Business Skills: Gain hands-on experience through assignment-based assessments that focus on real-world business scenarios.
- Flexible Learning: The assignment-based structure allows learners to study at their own pace, making it easier to balance studies with personal and professional commitments.
- Recognised Qualification: As an Ofqual regulated qualification, this diploma is recognised by employers and educational institutions across the UK.
- Comprehensive Knowledge: Learn key business concepts including market research, financial management, business planning, and innovation strategies.
- Enhanced Career Opportunities: The skills gained from this course open up various career paths in business management, entrepreneurship, and corporate innovation.
- Build Confidence: Equip yourself with the ability to confidently implement business ideas and solutions in a competitive marketplace.
Ideal Learner for the Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship
Before embarking on the Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship, it’s important to understand who will benefit most from this qualification. The course is designed to cater to individuals with a passion for business and innovation, whether you’re looking to start a new venture, enhance your career, or progress into higher education.
Ideal Learners
This qualification is suitable for a diverse range of individuals, including:
- Aspiring Entrepreneurs: Individuals looking to develop the skills required to start and grow their own business.
- Career Changers: Those looking to move into the business sector from a different field and gain a solid grounding in entrepreneurship.
- Current Professionals: Individuals already working in business who wish to enhance their knowledge of innovation and entrepreneurship.
- Further Education Seekers: Learners who intend to pursue higher-level business studies or university courses and wish to build foundational skills.
Entry Requirements
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Qualification Process
Qualification Process for the Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship
- Self-Assessment:
Begin by evaluating your eligibility to ensure you meet the qualification requirements, including work experience, knowledge, and language proficiency. - Registration:
Complete your registration by submitting the required documents, including a scanned copy of a valid ID, and paying the registration fee. - Induction:
An assessor will conduct an induction to confirm your eligibility for the course and explain the evidence requirements. If you do not meet the criteria, your registration will be canceled, and the fee will be refunded. - Assignments & Evidence Submission:
Provide all assignments and the necessary evidence based on the assessment criteria outlined in the course. If you are unsure of the required evidence, consult with the assessor for guidance on the type and nature of evidence needed. - Feedback and Revision:
The assessor will review your submitted evidence and provide feedback. Evidence that meets the criteria will be marked as “Criteria Met,” while any gaps will be identified. You will be asked to revise and resubmit if needed. - Competence Evidence:
Submit final evidence demonstrating that all learning outcomes have been met. This evidence will be marked as “Criteria Met” by the assessor once it is satisfactory. - Internal Quality Assurance (IQA):
The Internal Quality Assurance Verifier (IQA) will review your evidence to ensure consistency, quality, and compliance with standards. - External Verification:
The IQA will submit your portfolio to Qualifi’s External Quality Assurance Verifiers (EQA) for final confirmation. The EQA may contact you directly to verify the authenticity of your evidence. - Certification:
Upon successful completion of all checks, Qualifi will issue your official certificate, confirming that you have attained the Qualifi Level 3 Diploma in Business Innovation and Entrepreneurship.
