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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. Define and implement business strategies
   • Formulate business unit objectives in accordance with strategic priorities.
   • Develop strategies that relate to the business unit’s strategic objectives.
   • Develop strategies in consultation with key stakeholders including other business units and organisations.
   • Delegate strategies and associated objectives to operational levels within the business unit.
   • Provide information on business strategies that specifies output targets and performance standards to individuals, teams and groups.
   • Develop a system which includes key performance indicators to monitor the implementation and effectiveness of strategies.
2. Review the effectiveness of business strategies
   • Review strategies in relation to attainment of key objectives, budgets, resources and timelines.
   • Consider multiple perspectives and sources of information in determining the effectiveness of strategies.
   • Review effectiveness of the strategy against key performance indicators.
   • Formulate and act upon recommendations on appropriate enhancements to the strategies and plans.
3. Manage risk associated with business strategies
   • Identify and evaluate risks associated with the implementation of the business unit’s strategies.
   • Assess risk levels as acceptable or unacceptable and balance against opportunities afforded by taking risks.
   • Use information sources to assess levels of identified risks.
   • Select, implement risk, monitor and review risk treatments.
4. Define and implement business strategies
   • Formulate business unit objectives in accordance with strategic priorities.
   • Develop strategies that relate to the business unit’s strategic objectives.
   • Develop strategies in consultation with key stakeholders including other business units and organisations.
   • Delegate strategies and associated objectives to operational levels within the business unit.
   • Provide information on business strategies that specifies output targets and performance standards to individuals, teams and groups.
   • Develop a system which includes key performance indicators to monitor the implementation and effectiveness of strategies.
5. Review the effectiveness of business strategies
   • Review strategies in relation to attainment of key objectives, budgets, resources and timelines.
   • Consider multiple perspectives and sources of information in determining the effectiveness of strategies.
   • Review effectiveness of the strategy against key performance indicators.
   • Formulate and act upon recommendations on appropriate enhancements to the strategies and plans.
6. Manage risk associated with business strategies
   • Identify and evaluate risks associated with the implementation of the business unit’s strategies.
   • Assess risk levels as acceptable or unacceptable and balance against opportunities afforded by taking risks.
   • Use information sources to assess levels of identified risks.
   • Select, implement risk, monitor and review risk treatments.

Performance Evidence

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

applying environmental scanning

explaining complex ideas to different audiences

interpreting and explaining complex, formal documents and assisting others to apply them in the workplace

preparing written strategies requiring reasoning and precision of expression

using discussion involving exchanges of complex oral information

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Knowledge Evidence

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

strategic planning processes

business strategies

risk management principles and processes

organisational goals, policies and procedures

evaluation and review methodologies

jurisdictional legislation applicable to business strategies, including work health and safety and environmental and sustainability requirements

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