Required skills

Ability to

use analytical skills to identify potential risks and opportunities and assess market dynamics

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

make decisions

use interpersonal skills to

maintain appropriate relationships with colleagues

establish trust

value and be open to the opinions of others

work as part of a team

listening actively

demonstrate cultural sensitivity

negotiate effectively

use planning and organisation skills to develop and implement business strategies

use problemsolving initiative and enterprise skills to seek and develop international business opportunities

use research skills to identify trends and international business opportunities

manage risk

use a range of tools to monitor business performance

Required knowledge

Knowledge of

relevant legislation codes of practice and standards that affect international business

nature and scope of international business

international trade and investment theory

international monetary system and balance of payments

foreign exchange and financial markets

national trade and investment policy

cooperation between nations legal and political forces

culturalinterpersonal relations and human resource management

strategic management

modes of entry and strategic alliances

organisational design and control

international marketing and operations management

international finance accounting and taxation

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

knowledge of the key concepts of international business and how to apply them within an enterprise

capacity to effectively integrate international business challenges and opportunities within and across functional areas of business

knowledge of key trends in international business

Context of and specific resources for assessment

Assessment must ensure

access to an actual workplace or simulated environment

competence is consistently demonstrated over time and over a range and variety of complex tasksprojects and situations

access to resources normally used in the workplace such as organisational policies and procedures and relevant legislation

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

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

series of workplace activities and projects developed and implemented as part of the organisations business development and management

review of applied projects and learning activities such as reports and case studies

direct observation of contextual application

oral or written questioning to assess knowledge

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector workplace and job role is recommended for example with other units in the qualification in which this unit is packaged

Performance data may include:

Areas of the business may include:

Trends and developments may include:

Comparative international market information may include:

Sources may include:

Capabilities and resources may include:

Opportunities may include:

Legal, ethical and environmental constraints may include:

Positioning strategies may include:

Marketing requirements may include:

International finance regulations may include: