Modification History
Not Applicable
Unit Descriptor
Unit descriptor |
This unit defines the competency required to identify opportunities for using new technology to support and enable efficient models of business. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication. |
Application of the Unit
Application of the unit |
Licensing/Regulatory Information
Refer to Unit Descriptor
Pre-Requisites
Prerequisite units |
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Employability Skills Information
Employability skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Identify processes to be improved by the application of a new business model |
1.1. Map existing process flow against relevant performance standards , in order to identify areas that may need improvement 1.2. Outline emerging models and processes 1.3. Identify changes in the technological, client and supply chain environment 1.4. Document changes identified and submit to appropriate person for review |
2. Appraise existing models |
2.1. Analyse existing business models in use by the business 2.2. Investigate business models in use in other similar businesses 2.3. Identify and determine relevance of business models in use and under development in other industry sectors 2.4. Map existing models in other parts of business supply chain |
3. Research new business models |
3.1. Investigate new business models to establish opportunities for improvement 3.2. Evaluate opportunities against business requirements 3.3. Prioritise and document identified opportunities |
4. Select the appropriate model |
4.1. Select a business model that improves the business processes 4.2. Develop performance benchmarks to measure the effectiveness of the chosen business model 4.3. Model new business process or model, including collaboration with other businesses 4.4. Document the proposed business model according to business procedures 4.5. Forward appropriate document to appropriate person for sign-off |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This section describes the skills and knowledge required for this unit. |
Required skills |
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Required knowledge |
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Evidence Guide
EVIDENCE GUIDE |
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The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. |
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Overview of assessment |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
Evidence of the following is essential:
To demonstrate competency in this unit the learner will need access to:
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Context of and specific resources for assessment |
The breadth, depth and complexity covering planning and initiation of alternative approaches to skills or knowledge applications across a broad range of technical and/or management requirements, evaluation and coordination would be characteristic. Assessment must ensure:
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Method of assessment |
The purpose of this unit is to define the standard of performance to be achieved in the workplace. In undertaking training and assessment activities related to this unit, consideration should be given to the implementation of appropriate diversity and accessibility practices in order to accommodate people who may have special needs. Additional guidance on these and related matters is provided in ICA05 Section 1.
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Guidance information for assessment |
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended An individual demonstrating this competency would be able to:
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Range Statement
RANGE STATEMENT |
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The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. |
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Appropriate person may include: |
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Client may include but is not limited to: |
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Business requirements may include: |
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Standards may include: |
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Unit Sector(s)
Unit sector |
Analyse and Design |
Co-requisite units
Co-requisite units |
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Competency field
Competency field |