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Elements and Performance Criteria

1. Analyse market information
   • Markets for existing or new products or services are identified, researched and analysed for possible entry or development.
   • Past trends and developments are analysed to determine market variability and associated risks.
   • Market environment is continually monitored in a consistent manner to ensure information is current and reliable.
   • The legal, ethical and environmental constraints of the market(s) and their effect on the enterprise are identified.
   • Product mix that suits market requirements/price advantage at the time is adopted.
2. Develop a marketing plan
   • Alternative marketing strategies and techniques are assessed and interpreted to identify marketing targets and methods.
   • Marketing strategies are based on reliable data, market environment and substantiated trends.
   • Marketing options incorporate suitable advice from marketing professionals.
   • A measurable cost-effective marketing plan is developed incorporating a reasoned analysis of market research and business plan objectives.
3. Implement marketing activities
   • Planned marketing activities are scheduled within appropriate timeframes.
   • Measurable performance targets are developed and meet business plan objectives.
   • Distribution channels are organised, and product and service information is accurate and readily available to clients.
   • Marketing activities are implemented within budgetary constraints to meet legal, ethical and enterprise requirements.
4. Evaluate marketing performance
   • Product, pricing and distribution policies are monitored in relation to market changes, marketing objectives and enterprise requirements.
   • Areas of positive performance are identified and corrective action is taken to remedy poor performance areas.
   • An objective assessment of the marketing plan and implementation is made by a comparison of valid and reliable data against performance targets.
   • Relevant information is documented for continual analysis and effective planning management.

Required Skills

Required skills

analyse with regard to market research and assessments manage information assess financial strategies and prepare budgets use literacy skills to fulfil job roles as required by the organisation The level of skill may range from reading and understanding documentation to completion of written reports use oral communication skillslanguage competence to fulfil the job role as specified by the organisation including questioning active listening asking for clarification negotiating solutions and responding to a range of views use numeracy skills to estimate calculate and record complex workplace measures use interpersonal skills to work with others and relate to people from a range of cultural social and religious backgrounds and with a range of physical and mental abilities

Required knowledge

price risk management performance evaluation measures competitors strengths and weaknesses business planning process customer relations policies market conditions and forces enterprise goals objectives and directions markets and market analysis communication and promotion skills marketing principles and practice principles of trend analysis

Evidence Required

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit	The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following collect analyse and present data in the internal and external business environment assess alternative marketing strategies and techniques to meet business plan objectives plan and implement a marketing strategy monitor product pricing and distribution policies to improve market performance
Context of and specific resources for assessment	Competency requires the application of work practices under work conditions Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances

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Range Statement

The range statement relates to the unit of competency as a whole.
Markets may include:	wholesalers retailers exporters local, national and/or international customers private and public sector organisations and enterprises.
Marketing strategies may include:	various information with regard to: pricing promotion product quality service standards distribution channels.

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