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Elements and Performance Criteria

  1. Identify marketing opportunities
  2. Investigate marketing opportunities
  3. Evaluate required changes to current operations

Required Skills

Required skills

culturally appropriate communication skills to relate to people from diverse backgrounds and people with diverse abilities

literacy skills to identify and interpret market information to write in a range of styles for different audiences and to document outcomes and requirements

numeracy skills to calculate and evaluate financial information on new marketing options

research and evaluation skills to gain information on and interpret market trends to identify marketing opportunities

Required knowledge

key provisions of relevant legislation from all forms of government codes of practice and national standards that may affect aspects of business operations such as

antidiscrimination legislation and the principles of equal opportunity equity and diversity

ethical principles

marketing codes of practice and conduct such as the Australian Direct Marketing Association ADMA Direct Marketing Code of Practice Free TV Australia Commercial Television Industry Code of Practice and the Australian Ecommerce Best Practice Model

privacy laws

Trade Practices Act

organisational marketing plan structure products and services

principles of marketing and the marketing mix

statistical methods and techniques to evaluate marketing opportunities including forecasting techniques

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

Evidence of the following is essential

identifying and evaluating marketing opportunities to determine whether they will meet organisational objectives

documenting how current business operations will need to be modified and what resources will be required to take advantage of newly identified and evaluated opportunities

Context of and specific resources for assessment

Assessment must ensure

access to office equipment and resources

access to organisational strategic and marketing plans

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples are appropriate for this unit

analysis of responses to case studies

assessment of written reports on identified marketing opportunities and evaluation activities

direct questioning combined with review of portfolios of evidence and third party workplace reports of onthejob performance by the candidate

observation of presentations on opportunity identification evaluation and required resources to capitalise on new marketing opportunities

oral or written questioning to assess knowledge and understanding

review of authenticated documents from the workplace or training environment

review of testimony from team members colleagues supervisors or managers

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector workplace and job role is recommended for example

BSBMKGB Establish and adjust the marketing mix

BSBMKG502B Establish and adjust the marketing mix

international business units

other marketing units


Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Information on market and business needs may include:

comparative market information

competitors' performance

customer requirements

legal and ethical requirements

market share

market trends and developments

new and emerging markets

profitability

sales figures

Marketing may include:

business-to-business marketing

direct marketing

ideas marketing

marketing of goods

public sector marketing

services marketing

telemarketing

New markets may include:

e-commerce

export markets

segments of the market not currently penetrated

Contribution to the business may include:

effect on sales volume

growth

market share

profitability

Evaluation may include:

investigation of:

knockout factors

present value analysis

return on investment

scored criteria

weighted criteria

External factors may include:

codes of practice

policies and guidelines

regulations

relevant legislation

Resource requirements may include:

additional staff

distribution costs

equipment

production costs

promotional costs

research and development

re-tooling

staff training

Key stakeholders may include:

Board of directors

finance staff

human resources staff

managers

marketing personnel

owners

production staff

supervisors