Qualification details

BSB50515 - Diploma of Franchising (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSB50507 - Diploma of FranchisingUpdated to meet Standards for Training Packages 24/Mar/2015


Training packages that include this qualification

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssential
BSBCUS501 - Manage quality customer serviceManage quality customer service Elective
BSBFIM501 - Manage budgets and financial plansManage budgets and financial plans Elective
BSBFRA501 - Establish a franchise operationEstablish a franchise operation Elective
BSBFRA502 - Manage a franchise operationManage a franchise operation Elective
BSBFRA503 - Manage establishment of new sites or regionsManage establishment of new sites or regions Elective
BSBFRA504 - Manage relationships with franchiseesManage relationships with franchisees Elective
BSBFRA505 - Manage closure of a franchiseManage closure of a franchise Elective
BSBINM501 - Manage an information or knowledge management systemManage an information or knowledge management system Elective
BSBIPR501 - Manage intellectual property to protect and grow businessManage intellectual property to protect and grow business Elective
BSBLED501 - Develop a workplace learning environmentDevelop a workplace learning environment Elective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 140000 Hospitality, Retail And Service Managers 
ASCED Qualification/Course Field of Education Identifier 0803 Business And Management 
Qualification/Course Level of Education Identifier 421 Diploma 
Taxonomy - Industry Sector N/A Customer Service,Business Administration,Small Business 
Taxonomy - Occupation N/A Franchisor 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 140000 Hospitality, Retail And Service Managers 30/Jul/2015 
ASCED Qualification/Course Field of Education Identifier 0803 Business And Management 30/Jul/2015 
Qualification/Course Level of Education Identifier 421 Diploma 25/Mar/2015 
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Modification History

Release 

Comments 

Release 1

This qualification first released with BSB Business Services Training Package Version 1.0.

Qualification Description

This qualification reflects the role of individuals who act as franchisors. A franchisor licenses trademarks, and tried and proven methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage piece of gross sales or gross profits as well as the annual fees.

Licensing/Regulatory Information

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

Entry Requirements

Nil

Packaging Rules

Total number of units = 8 

This qualification has no core units. 

8 elective units must be selected, of which: 

  • 4 units must be selected from the Group A units listed below
  • 2 units may be additional units from Group A
  • 2 units may be selected from the Group B units listed below, or any currently endorsed Training Package or accredited course at the same qualification level
  • if not listed below, one unit may be selected from either a Certificate IV or an Advanced Diploma qualification.

Elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment and contribute to a valid, industry-supported vocational outcome.

Elective Units 

Group A 

BSBFRA501 Establish a franchise operation

BSBFRA502 Manage a franchise operation

BSBFRA503 Manage establishment of new sites or regions

BSBFRA504 Manage relationships with franchisees

BSBFRA505 Manage closure of a franchise

Group B units 

BSBCUS501 Manage quality customer service

BSBFIM501 Manage budgets and financial plans

BSBINM501 Manage an information or knowledge management system

BSBIPR501 Manage intellectual property to protect and grow business

BSBLED501 Develop a workplace learning environment

BSBMGT502 Manage people performance

BSBMGT517 Manage operational plan

BSBMGT516 Facilitate continuous improvement

BSBPMG522 Undertake project work

BSBRSK501 Manage risk

BSBSUS501 Develop workplace policy and procedures for sustainability

BSBWHS501 Ensure a safe workplace

BSBWOR501 Manage personal work priorities and professional development

BSBWOR502 Lead and manage team effectiveness

Qualification Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSB50515 Diploma of Franchising

BSB50507 Diploma of Franchising

Updated to meet Standards for Training Packages

Equivalent qualification

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

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