Module Descriptor
The module is an introduction to basic business concepts and gives an outline of the fundamentals of business management. It includes an introduction to the role of accounting in business and basic business management including HR management. It develops financial and marketing skills needed to ensure good business management and business growth. Relevant IT skills are developed throughout the module with emphasis on applications in the field of pharmacy. By providing the principles, tools and methodologies it aims to develop an appreciation and basic understanding of business.
Module Aims
To ensure the students are familiar with basic fundamentals of business management and basic concepts in business. To develop the students’ knowledge of various business performance measures and how they are used to monitor and drive business performance. To enable the student to fully engage with the various business aspects required to manage a successful business through practical examples and a business project. To ensure the development of IT skills and basic accountancy skills. To ensure students are familiar with the foundation in HR management.
Business operation – including performance measurement systems
Accounting literacy – payroll
Medicines management
Generic purchasing/procurement
Stock taking
Vat returns, invoices, credit notes, debit notes
Merchandising/marketing
HR management
Maximising pharmacy income
IT skills with applications in pharmacy and science:
Microsoft Word to construct and format a document and experimental report
Delivery will be in a computer lab
Workshops that combine a didactic methodology to establish a foundation of knowledge and use of video online material to provide visual learning support. Time is allocated for in-class discussions
Use of modified problem based learning formats
IT training activities with applications drawn from pharmacy practice and science modules.
Examples include Excel for accounting, software for stock management, scientific data analysis (calibration
curves, etc) (10 contact hours ; 10 self-directed)
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 60 |
| Other Assessment(s) | 40 |