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Unit of competency details

AHCBUS609 - Develop and review an enterprise strategic plan (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to AHCBUS603 - Develop and review a strategic planTitle updated. Performance criteria clarified. Foundation skills added. Assessment requirements updated. 20/Oct/2019

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 21/Oct/2019

Companion volumes:
Unit of competency Assessment requirements

Delivery:
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Training packages that include this unit

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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  21/Oct/2019 
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Unit of competency

Modification History

Release

Comments

Release 1

This version released with AHC Agriculture, Horticulture and Conservation and Land Management Training Package Version 4.0.

Application

This unit of competency describes the skills and knowledge required to develop and review a strategic enterprise plan for a small, medium or large business.

This unit applies to individuals who work strategically, who analyse information and exercise judgement to complete a range of advanced skilled activities especially in relation to strategic planning. At this level, workers analyse, design and communicate solutions to a range of complex problems.

All work must be carried out to comply with organisational requirements, work health and safety legislation and codes, sustainability practices, and in consultation with the management team.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Pre-requisite Unit

Nil

Unit Sector

Business (BUS)

Elements and Performance Criteria

Elements

Performance Criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Clarify business goals and direction for enterprise plan

1.1 Evaluate the focus, direction and structure of the enterprise in the development and review of the enterprise plan

1.2 Assess and identify need for development and change

1.3 Identify competitive and collaborative factors

1.4 Identify and consider legal obligations and estate considerations

1.5 Develop goals and targets consistent with the enterprise

1.6 Document outcomes of the analysis work and draft the new enterprise plan

2. Undertake strategic analysis

2.1 Access data for use in review and development

2.2 Assess opportunities to value-add in the distribution chain of commodities and identify competitive implications

2.3 Analyse and assess competitive and collaborative opportunities

2.4 Assess expansion opportunities for viability and feasibility

2.5 Undertake comprehensive analysis of data and information to formulate a viable and realistic enterprise plan

3. Develop and document enterprise plan

3.1 Ensure performance measures are clear and address all key aspects of enterprise performance

3.2 Identify, document and incorporate the implications of the enterprise plan for the business

3.3 Introduce value-adding activities and opportunities

3.4 Finalise enterprise plan

3.5 Communicate enterprise plan initiatives and desired outcomes

4. Review operations against the enterprise plan

4.1 Evaluate operations and performance against the enterprise plan, identifying gaps and strengths

4.2 Modify processes to ensure strategic outcomes are achieved

Foundation Skills

This section describes those language, literacy, numeracy and employment skills that are essential for performance in this unit of competency but are not explicit in the performance criteria.

Skill

Description

Oral communication

  • Communicates effectively with stakeholders to formulate agreed strategic directions

Unit Mapping Information

Code and title current version

Code and title previous version

Comments

Equivalence status

AHCBUS609 Develop and review an enterprise strategic plan

AHCBUS603 Develop and review a strategic plan

Title updated

Performance criteria clarified

Foundation skills added

Assessment requirements updated

Equivalent unit

Links

Companion Volumes, including Implementation Guides, are available at VETNet: - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c6399549-9c62-4a5e-bf1a-524b2322cf72

 

Assessment requirements

Modification History

Release

Comments

Release 1

This version released with AHC Agriculture, Horticulture and Conservation and Land Management Training Package Version 4.0.

Performance Evidence

An individual demonstrating competency must satisfy all of the elements and performance criteria in this unit. There must be evidence that the individual has developed and reviewed an enterprise strategic plan for at least one business, including:

  • determined the scope and desired business outcomes of the plan
  • analysed the competitive environment
  • documented performance measures to address all key aspects of enterprise performance
  • evaluated opportunities and the viability and feasibility of the production, business and marketing plans
  • documented the plan
  • communicated the strategic direction to employees
  • reviewed business activity and made adjustments to meet requirements of the plan.

Knowledge Evidence

An individual must be able to demonstrate the knowledge required to perform the tasks outlined in the elements and performance criteria of this unit. This includes knowledge of:

  • the market in which the enterprise operates:
  • market forces
  • resource availability and accessibility
  • competitors
  • business structures for similar enterprises
  • business analysis and forecasting
  • value-adding concepts, relevant to the enterprise
  • enterprise planning methodologies
  • data collection and analysis methods
  • risk management techniques
  • legislation and by-laws relevant to the organisation's operation and potential expansion
  • organisational design and change processes.

Assessment Conditions

Assessment of skills must take place under the following conditions:

  • physical conditions:
  • skills must be demonstrated in a workplace setting or an environment that accurately represents workplace conditions
  • resources, equipment and materials:
  • access to an enterprise, including business records, to conduct enterprise planning activity.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Links

Companion Volumes, including Implementation Guides, are available at VETNet: - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c6399549-9c62-4a5e-bf1a-524b2322cf72

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