Unit of competency
Modification History
Release |
Comments |
Release 1 |
This version first released with BSB Business Services Training Package Version 1.0. |
Application
This unit describes the skills and knowledge required to identify available international business opportunities and assess the feasibility of a particular opportunity.
It applies to individuals who wish to investigate business opportunities outside Australia. The activity might be undertaken by an owner/manager of a business or someone with a brief to investigate such opportunities.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Unit Sector
Business Development – International Business
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
Elements describe the essential outcomes. |
Performance criteria describe the performance needed to demonstrate achievement of the element. |
1 Identify international business opportunities |
1.1 Investigate and identify business opportunities 1.2 Undertake a feasibility study to determine likely business viability 1.3 Identify specialist services and sources of advice where required |
2 Identify business skills |
2.1 Identify and take into account financial and business skills available in the identified country or countries when researching business opportunities 2.2 Access technical competencies required to take up identified business opportunities in the specific country or countries 2.3 Assess personal skills/attributes and match these against those perceived as necessary for a particular business opportunity 2.4 Identify, assess and document business risks according to resources available |
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill |
Performance Criteria |
Description |
Reading |
1.1-1.3, 2.1-2.4 |
|
Writing |
1.1-1.3, 2.1-2.4 |
|
Numeracy |
1.1, 1.2, 2.1 |
|
Get the work done |
1.1-1.3, 2.1-2.4 |
|
Unit Mapping Information
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
BSBINT401 Research international business opportunities |
BSBINT401B Research international business opportunities |
Updated to meet Standards for Training Packages |
Equivalent unit |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10