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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Identify processes to be improved by the application of a new business model
   • Map existing process flow against relevant performance standards in order to identify areas that may need improvement
   • Outline emerging models and processes
   • Identify changes in the technological, client and supply chain environment
   • Document changes identified and submit to appropriate person for review
2. Appraise existing models
   • Analyse existing business models
   • Investigate business models in use in other similar businesses
   • Identify and determine relevance of business models in use and under development in other industry sectors
   • Map existing models in other parts of business supply chain
3. Research new business models
   • Investigate new business models to establish opportunities for improvement
   • Evaluate opportunities against business requirements
   • Prioritise and document identified opportunities
4. Select the appropriate model
   • Select a business model that improves the business processes
   • Develop performance benchmarks to measure the effectiveness of the chosen business model
   • Model new business process or model and collaborate with other businesses
   • Document the proposed business model according to business procedures
   • Forward appropriate document to relevant person for sign-off

Performance Evidence

Evidence of the ability to:

identify new approaches to using technology or new technology to enable efficient models of business

determine the appropriate focus of the selected business model in order to achieve the desired performance improvement

document a new business model.

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

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Knowledge Evidence

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

identify benchmark selection and development

discuss business process design and include:

case diagrams

business process model and notation

activity diagrams

discuss business-to-business and business-to-customer interface and liaison

identify relevant copyright and intellectual property issues

discuss the current technical environment

outline methods for the determination of the impact of technological change

summarise the principles of an electronic commerce modelling language (ECML)

interpret environmental scanning

interpret design specifications

outline modelling methodology

discuss value and supply chain management

outline website architecture.

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