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Unit of competency details

BSBATSIM511 - Develop enterprise opportunities (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBATSIM511C - Develop enterprise opportunitiesUpdated to meet Standards for Training Packages 24/Mar/2015

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 25/Mar/2015


Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080307 Organisation Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080307 Organisation Management  30/Jul/2015 
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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, assess and develop business opportunities in consultation with the community to increase economic independence and expand employment.

It applies to individuals responsible for monitoring and guiding the activities of organisations investigating options to develop enterprise opportunities.

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

Unit Sector

Regulation, Licensing and Risk – ATSI Governance

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 Expand existing activities

1.1 Identify existing business initiatives, employment goals and objectives

1.2 Evaluate current business activities on viability and future potential

1.3 Seek expert advice where appropriate

1.4 Support viable businesses

2 Develop business ideas and options

2.1 Canvass the community for business ideas and options

2.2 Identify and document potential skills and abilities in the community

2.3 Identify and analyse potential markets

2.4 Obtain information from business services on business development

3 Evaluate business options

3.1 Assess potentially viable businesses

3.2 Conduct feasibility studies with support of appropriately skilled personnel

3.3 Gather and document community input

3.4 Consider and document business options

3.5 In conjunction with other board members, make and document decisions on future business options

3.6 Contribute to development of business plans that take account of local cultural requirements

4 Implement business proposals

4.1 Establish structures to action business plans

4.2 Establish partnerships where appropriate

4.3 Establish monitoring and review mechanisms

4.4 Set and document achievable targets and timeframes

4.5 Establish and support boards of management of new businesses where appropriate

4.6 Provide information to the community on a regular basis

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, 1.2, 2.2-2.4, 3.1, 3.2, 3.6

  • Interprets textual information obtained from a range of sources and determines how content may be applied to individual, community and organisational requirements

Writing

1.1, 1.2, 2.1-2.3, 3.1-3.6, 4.3, 4.4, 4.6

  • Integrates information from a number of sources and develops content that supports the purposes and format of the material, using grammatical structure and clear and logical language

Oral Communication

1.3, 2.1, 2.4, 3.2, 3.5, 4.2, 4.5, 4.6

  • Participates in verbal exchanges using clear language, suitable syntax and tone to address and disseminate information to a variety of individuals
  • Uses active listening and questioning to convey and clarify information

Navigate the world of work

1.1

  • Monitors adherence to both implicit and explicit organisational policies and procedures

Numeracy

1.2, 3.1, 3.2, 4.4

  • Selects and interprets familiar mathematical information to evaluate statistical data, scheduling of work, trends and financial viability

Interact with others

1.3, 2.1, 2.4, 3.2, 3.5, 4.2, 4.5, 4.6

  • Selects and uses appropriate conventions and protocols when communicating with internal and external stakeholders in a range of work contexts
  • Participates in a variety of culturally appropriate spoken exchanges to work cooperatively with community members, Elders and key stakeholders, playing an active role in facilitating effective interactions

Get the work done

1.1, 1.2, 1.4, 2.1-2.3, 3.1, 3.2, 3.4-3.6, 4.1, 4.3

  • Begins to recognise the importance of other stakeholders throughout the process and is learning to clarify goals and proposed methodology with others, maintain communication and manage expectations and understanding
  • Makes a range of critical and non-critical decisions in relatively complex situations, taking a range of constraints into account
  • Invests time looking for new ideas and opportunities, drawing on diverse perspectives of others to gain insights into ideas for the future

Unit Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBATSIM511 Develop enterprise opportunities

BSBATSIM511C Develop enterprise 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

 

Assessment requirements

Modification History

Release 

Comments 

Release 1

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

Performance Evidence

Evidence of the ability to:

  • identify potential business activities for the organisation and possible business structures to support these activities
  • develop business proposals in collaboration with others
  • make decisions regarding suitability of business proposals
  • participate in business planning processes in collaboration with others.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • describe business planning strategies, including strategies for conducting feasibility studies and setting goals and objectives
  • outline business processes
  • identify available business support services
  • explain concept of community control of organisations and how it may impact business options
  • describe cultural context in which Aboriginal and Torres Strait Islander boards operate, including their role in upholding traditional and cultural values, and how that might impact business options and operations
  • describe geographic, social, economic and political contexts in which particular organisations operate and how these may impact business options and operations
  • outline information generally included in feasibility studies and how it should be interpreted
  • list relevant marketing terms and strategies
  • outline organisational policies and procedures in relation to business activities
  • describe possible business structures
  • identify relevant provisions of federal, state or territory legislation and funding body requirements that may impact business options and operations
  • list relevant protocols and cultural responsibilities that might impact development of enterprise opportunities
  • explain strategies for identifying skills available in the organisation and community.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk – ATSI governance field of work and include access to:

  • an actual or simulated board
  • information about enterprises operated by Aboriginal and Torres Strait Islander organisations
  • examples of relevant documents.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

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