Assessment Requirements for BSBSMB415 Refine and strengthen a small business

Release: 1

Assessment Requirements for BSBSMB415 Refine and strengthen a small business

Modification History

Release	Comments
Release 1	This version first released with BSB Business Services Training Package Version 2.0.

Performance Evidence

Evidence of the ability to:

identify regulatory, social, economic, ethical and environmental responsibility factors impacting on small business development opportunities

assess the internal and external business environment and determine realistic opportunities, strategies and actions to develop or sustain the business for both the short and long term

develop an implementation plan to meet business objectives that includes:

specific actions and strategies

resource allocation

timeframes

roles and responsibilities

communicate with relevant stakeholders to gain information and advice to inform the development actions and strategies

identify efficiencies and innovations that support business sustainability

implement controls to monitor progress

assess progress and adapt strategy to accommodate changes.

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:

outline market and industry life cycle stages

outline key steps in business environment analysis

describe three ethical issues that can arise in small business

identify the key factors in sustainable business management

explain the principles of leadership for small business

discuss the different actions and strategies for small business development appropriate for particular business type, size and industry.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership – Small and Micro Business field of work and include access to:

relevant workplace documentation and resources

case studies or, where possible, real situations.

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

Links

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