Modification History
Not applicable.
Unit Descriptor
This unit has been developed for the Community Recreation, Fitness, Outdoor Recreation and Sport Industry Training Packages.
This unit encompasses strategic management skills to develop and maintain a competitive pricing strategy for a leisure and recreation service.
This unit has been developed for the Community Recreation, Fitness, Outdoor Recreation and Sport Industry Training Packages.
This unit encompasses strategic management skills to develop and maintain a competitive pricing strategy for a leisure and recreation service.
Application of the Unit
Not applicable.
Licensing/Regulatory Information
Not applicable.
Pre-Requisites
Not applicable.
Employability Skills Information
Not applicable.
Elements and Performance Criteria Pre-Content
Not applicable.
Elements and Performance Criteria
Elements and Performance Criteria |
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Element |
Performance Criteria |
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1 |
Conduct market research |
1.1 |
Market segments are profiled using appropriate research techniques |
1.2 |
Disposable income and discretionary spending patterns for specific market segments are determined from relevant sources |
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1.3 |
Economic concepts are evaluated to determine competitors |
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2 |
Develop pricing strategy |
2.1 |
Cost factors impacting on supply of current leisure and recreation service are identified and break even point for service delivery is determined |
2.2 |
Participant willingness to pay is measured and evaluated against competitors using economic techniques |
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2.3 |
A competitive pricing structure is determined in accordance with organisational business and performance plans and current leisure and recreation service delivery objectives |
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3 |
Implement pricing strategy |
3.1 |
Internal customers are educated on pricing strategy in accordance with organisational communication policies and procedures |
3.2 |
Awareness collateral for the market place is determined and distributed in accordance with organisational budgets |
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4 |
Maintain competitive pricing strategy |
4.1 |
Systems and procedures are implemented to monitor and respond to factors affecting pricing structure of current leisure and recreation service delivery |
4.2 |
Systems and procedures are implemented to monitor and respond to pricing structures of competing services |
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4.3 |
Systems and procedures are implemented to regularly review supply costs and seek economic benefits from partnership opportunities and additional sources of funding |
Required Skills and Knowledge
Not applicable.
Evidence Guide
Evidence Guide The Evidence Guide identifies the critical aspects, knowledge and skills to be demonstrated to confirm competence for this unit. This is an integral part of the assessment of competence and should be read in conjunction with the Range Statements |
Critical aspects of evidence to be considered |
Assessment must confirm integrated demonstration of all elements of competency and their performance criteria, in particular the ability to Research and analyse data on disposable income levels and discretionary spending patterns to identify market segments Use economic techniques to determine participant willingness to pay Identify of competitors Cost services competitively and in accordance with organisational business and performance plans Implement systems to monitor and respond to variances in supply and competitors pricing Proactively seek new ways of minimising cost |
Interdependent assessment of units |
This unit must be assessed after attainment of competency in the following unit(s) Nil This unit must be assessed in conjunction with the following unit(s) Nil For the purpose of integrated assessment, this unit may be assessed in conjunction with the following unit(s) SRXINU008A Develop and implement a leisure and recreation tourism strategy |
Required knowledge and skills |
Required knowledge An understanding of the principles of equity Activity specific knowledge of recreation and leisure activities A conceptual foundation for practice in the recreation industry Required skills Strong research skills to identify disposable income levels and discretionary spending patterns Analytical skills to identify and evaluate opportunities Strong communication skills to solicit and disseminate information Ability to select and use appropriate technology |
Resource implications |
Physical resources - assessment of this competency will require access to a real or simulated work environment appropriate documentation and resources normally used in the workplace literature and texts including current journals and articles Human resources - assessment of this competency will require human resources consistent with those outlined in the Assessment Guidelines. That is, assessors (or persons within the assessment team) must be competent in this unit but preferably be competent in the unit at the level above be current in their knowledge and understanding of the industry through provision of evidence of professional activity in the relevant area have attained the mandatory competency requirements for assessors under the Australian Quality Training Framework (AQTF) as specified in Standard 7.3 of the Standards for Registered Training Organisations |
Consistency in performance |
Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statements and contexts applicable to the work environment |
Context for assessment |
This unit of competency must be assessed in the context of leisure and recreation in Australia. For valid and reliable assessment the sport or recreation activity should closely replicate the work environment. The environment should be safe, with the hazards, circumstances and equipment likely to be encountered in a real workplace This unit of competency should be assessed through the observation of processes and procedures, oral and/or written questioning on required knowledge and skills and consideration of required attitudes Where performance is not directly observed and/or is required to be demonstrated over a "period of time" and/or in a "number of locations", any evidence should be authenticated by colleagues, supervisors, clients or other appropriate persons |
KEY COMPETENCIES |
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Collect, Analyse&Organise Information |
Communicate Ideas&Information |
Plan&Organise Activities |
Work with Others&in Teams |
Use Mathematical Ideas&Techniques |
Solve Problems |
Use Technology |
2 |
2 |
2 |
1 |
2 |
3 |
2 |
These levels do not relate to the Australian Qualifications Framework. They relate to the seven areas of generic competency that underpin effective workplace practices. The three levels of performance (1, 2 and 3) denote the level of competency required to perform the task: Use routine approaches Select from routine approaches Establish new approaches Collecting , analysing and organising information - Determining disposable income levels and discretionary spending patterns Communicating ideas and information - to internal and external customers information related to the pricing strategy Planning and organising activities - to source data and disseminate outcomes Working with teams and others - to source market intelligence and generate awareness of pricing strategy Using mathematical ideas and techniques - to plot and predict demand-supply relationship, calculate equilibrium price and marginal productivity Solving problems - to determine such factors as supply and demand, costs and benefits and expenditures Using technology - Using research databases, the Internet and other sources to collate market intelligence and for calculation techniques Please refer to the Assessment Guidelines for advice on how to use the Key Competencies. |
Range Statement
Range Statements The Range Statements provide advice to interpret the scope and context of this unit of competence, allowing for differences between enterprises and workplaces. The Range Statements relate to the unit as a whole and helps facilitate holistic assessment. In addition, the following Range Statements may be present for this particular unit of competency |
RANGE STATEMENT |
CATEGORIES |
Awareness collateral |
[all categories] brochures e-mails electronic files flyers Internet newsletters |
Communication policies and procedures |
[all categories] e-mail updates memos organizational meetings team meetings workshops |
Economic concepts |
[all categories] cost and benefit opportunity cost merit goods/service, ie, a good that society, usually government, deems is undervalued by consumers in normal market exchanges, eg, subsidies price private goods/service, ie, use of good/service by one person prevents use by others public goods/services, ie, the use of good/service by one person does not prevent use by other, eg, national defence, clean environment |
Economic techniques |
[all categories] break-even point comparative advantage cost and benefit demand curves against supply curves disposable income economies of scale elasticity of demand equilibrium price income effect marginal productivity opportunity cost |
Funding |
[all categories] capital including user income grants patronage revenue including sponsorship |
Market segments |
[all categories] demographics based on age brackets culture employment patterns gender geographical locations income brackets |
Objectives |
[all categories] operating profits participation levels quality assurance procedures |
Partnership opportunities |
[all categories] health care leisure and recreation merchandising and retailing other services, eg, discounts programs and events service endorsement tourism |
Research techniques |
[all categories] electronic, eg, Internet internal and external documents paper based, eg, surveys personal contact, eg, meetings, interviews or questionnaires resource material such as industry magazines, journals, periodicals and newspaper articles |
Sources |
[all categories] articles, eg, newspapers, industry magazines and newsletters, academic journals government agencies, eg, Australian Bureau of Statistics, eg, Census data, Household Expenditure Surveys Australian Sports Commission Bureau of Tourism Research Reserve Bank of Australia Sport and Recreation Ministers' Council government departments at all levels, eg, Austrade Department of Industry, Science and Resources, Department of Communications, Information Technology and the Arts State Department's of Sport and Recreation other economic and social indicators web sites |
Unit Sector(s)
Not applicable.