Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

AMPMGT503 Mapping and Delivery Guide
Develop and assess a meat retailing business opportunity

Version 1.0
Issue Date: April 2024


Qualification -
Unit of Competency AMPMGT503 - Develop and assess a meat retailing business opportunity
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to identify, develop and assess a new business activity or opportunity for a meat retailing enterprise.Owners, managers or senior staff of meat retailing enterprises may wish to develop their business, start new ventures or explore potential to create new products and services for an existing organisation. Individuals might be self-employed, or working for a business of any size, where they develop opportunities as part of a broader role within the enterprise.This unit does not cover implementing or financing the new venture, or managing the growing business.No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessment must include access to relevant records, personnel and documentation.

A minimum of three different forms of assessment must be used.

Assessors must satisfy current standards for RTOs.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities 		Slides
PPT 		Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Identify a business opportunity
  • Locate and review relevant market, client, product and service information
  • Assess collective capability of existing staff and facilities
  • Use techniques including brainstorming, discussions, lateral thinking and de Bono's Six Thinking Hats® method to generate business opportunity ideas
  • Identify, explore and evaluate sources for additional information and fresh business opportunity ideas
  • Identify personal and business objectives of developing opportunities
  • Obtain input from others to improve and sort initial ideas
       
Element: Develop a business concept
  • Review and prioritise a range of business opportunity ideas to develop business concepts
  • Calculate basic business planning estimates for new business concepts
  • Identify and review relevant legal and regulatory requirements
  • Determine and document criteria for determining the feasibility of new business ideas
  • Undertake preliminary assessment of feasibility of business concepts and seek specialist advice as required
  • Identify risks of business concepts and undertake risk assessment
  • Select the most feasible ideas for further development into business plans
  • Prepare basic documentation to communicate business concepts to stakeholders
       
Element: Work with others to advance the business concept
  • Determine requirements for partners, alliances and advisors to advance business concept
  • Identify and assess potential partners, alliances and advisors
  • Seek relevant legal advice to protect interest throughout negotiations
  • Conduct negotiations to advance the concept
  • Negotiate and develop partnership, alliance and advisory arrangements, if appropriate
  • Confirm partnership, alliance and advisory arrangements using legal processes, where relevant
       
Element: Identify a business opportunity
  • Locate and review relevant market, client, product and service information
  • Assess collective capability of existing staff and facilities
  • Use techniques including brainstorming, discussions, lateral thinking and de Bono's Six Thinking Hats® method to generate business opportunity ideas
  • Identify, explore and evaluate sources for additional information and fresh business opportunity ideas
  • Identify personal and business objectives of developing opportunities
  • Obtain input from others to improve and sort initial ideas
       
Element: Develop a business concept
  • Review and prioritise a range of business opportunity ideas to develop business concepts
  • Calculate basic business planning estimates for new business concepts
  • Identify and review relevant legal and regulatory requirements
  • Determine and document criteria for determining the feasibility of new business ideas
  • Undertake preliminary assessment of feasibility of business concepts and seek specialist advice as required
  • Identify risks of business concepts and undertake risk assessment
  • Select the most feasible ideas for further development into business plans
  • Prepare basic documentation to communicate business concepts to stakeholders
       
Element: Work with others to advance the business concept
  • Determine requirements for partners, alliances and advisors to advance business concept
  • Identify and assess potential partners, alliances and advisors
  • Seek relevant legal advice to protect interest throughout negotiations
  • Conduct negotiations to advance the concept
  • Negotiate and develop partnership, alliance and advisory arrangements, if appropriate
  • Confirm partnership, alliance and advisory arrangements using legal processes, where relevant
       


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

Element

Performance criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify a business opportunity

1.1 Locate and review relevant market, client, product and service information

1.2 Assess collective capability of existing staff and facilities

1.3 Use techniques including brainstorming, discussions, lateral thinking and de Bono's Six Thinking Hats® method to generate business opportunity ideas

1.4 Identify, explore and evaluate sources for additional information and fresh business opportunity ideas

1.5 Identify personal and business objectives of developing opportunities

1.6 Obtain input from others to improve and sort initial ideas

2. Develop a business concept

2.1 Review and prioritise a range of business opportunity ideas to develop business concepts

2.2 Calculate basic business planning estimates for new business concepts

2.3 Identify and review relevant legal and regulatory requirements

2.4 Determine and document criteria for determining the feasibility of new business ideas

2.5 Undertake preliminary assessment of feasibility of business concepts and seek specialist advice as required

2.6 Identify risks of business concepts and undertake risk assessment

2.7 Select the most feasible ideas for further development into business plans

2.8 Prepare basic documentation to communicate business concepts to stakeholders

3. Work with others to advance the business concept

3.1 Determine requirements for partners, alliances and advisors to advance business concept

3.2 Identify and assess potential partners, alliances and advisors

3.3 Seek relevant legal advice to protect interest throughout negotiations

3.4 Conduct negotiations to advance the concept

3.5 Negotiate and develop partnership, alliance and advisory arrangements, if appropriate

3.6 Confirm partnership, alliance and advisory arrangements using legal processes, where relevant

The candidate must provide evidence that they have identified, developed and assessed the initial feasibility of at least one new business or activity idea. Evidence should be documented and show that consultation occurred.

Evidence will cover processes used to identify a range of ideas, select ideas for assessment of initial feasibility and consult with prospective partners. It will also cover documentation of idea conception and feasibility assessment.

The candidate must:

relate to people from a range of social, cultural and ethnic backgrounds, and with varying physical and mental abilities

use suitable thinking techniques

use research and analytical skills to:

conduct basic research

conduct initial feasibility assessment

prepare basic business planning estimates

apply negotiation skills for exploring partnerships

use verbal and written communication skills to:

document ideas, business planning estimates and feasibility assessment

negotiate with potential partners

determine legal, workplace health and safety and non-legal requirements

work with employees and family where relevant

calculate business planning estimates

assess risk and plan for contingencies

solve problems as they arise in negotiations

use technology to manage information

identify and develop fresh business opportunity ideas

document a range of ideas

assess and evaluate relevant market, client, product and service information

communicate ideas to supervisors, managers and other employees

The candidate must demonstrate an in depth technical and theoretical knowledge of :

general characteristics and traits of successful entrepreneurs

biographies and case studies of particular individuals, in own or related industries

relevant legal and non-legal requirements

basic methods of business planning

personal characteristics of successful entrepreneurs

risk assessment strategies

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Element

Performance criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify a business opportunity

1.1 Locate and review relevant market, client, product and service information

1.2 Assess collective capability of existing staff and facilities

1.3 Use techniques including brainstorming, discussions, lateral thinking and de Bono's Six Thinking Hats® method to generate business opportunity ideas

1.4 Identify, explore and evaluate sources for additional information and fresh business opportunity ideas

1.5 Identify personal and business objectives of developing opportunities

1.6 Obtain input from others to improve and sort initial ideas

2. Develop a business concept

2.1 Review and prioritise a range of business opportunity ideas to develop business concepts

2.2 Calculate basic business planning estimates for new business concepts

2.3 Identify and review relevant legal and regulatory requirements

2.4 Determine and document criteria for determining the feasibility of new business ideas

2.5 Undertake preliminary assessment of feasibility of business concepts and seek specialist advice as required

2.6 Identify risks of business concepts and undertake risk assessment

2.7 Select the most feasible ideas for further development into business plans

2.8 Prepare basic documentation to communicate business concepts to stakeholders

3. Work with others to advance the business concept

3.1 Determine requirements for partners, alliances and advisors to advance business concept

3.2 Identify and assess potential partners, alliances and advisors

3.3 Seek relevant legal advice to protect interest throughout negotiations

3.4 Conduct negotiations to advance the concept

3.5 Negotiate and develop partnership, alliance and advisory arrangements, if appropriate

3.6 Confirm partnership, alliance and advisory arrangements using legal processes, where relevant

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Locate and review relevant market, client, product and service information 
Assess collective capability of existing staff and facilities 
Use techniques including brainstorming, discussions, lateral thinking and de Bono's Six Thinking Hats® method to generate business opportunity ideas 
Identify, explore and evaluate sources for additional information and fresh business opportunity ideas 
Identify personal and business objectives of developing opportunities 
Obtain input from others to improve and sort initial ideas 
Review and prioritise a range of business opportunity ideas to develop business concepts 
Calculate basic business planning estimates for new business concepts 
Identify and review relevant legal and regulatory requirements 
Determine and document criteria for determining the feasibility of new business ideas 
Undertake preliminary assessment of feasibility of business concepts and seek specialist advice as required 
Identify risks of business concepts and undertake risk assessment 
Select the most feasible ideas for further development into business plans 
Prepare basic documentation to communicate business concepts to stakeholders 
Determine requirements for partners, alliances and advisors to advance business concept 
Identify and assess potential partners, alliances and advisors 
Seek relevant legal advice to protect interest throughout negotiations 
Conduct negotiations to advance the concept 
Negotiate and develop partnership, alliance and advisory arrangements, if appropriate 
Confirm partnership, alliance and advisory arrangements using legal processes, where relevant 
Locate and review relevant market, client, product and service information 
Assess collective capability of existing staff and facilities 
Use techniques including brainstorming, discussions, lateral thinking and de Bono's Six Thinking Hats® method to generate business opportunity ideas 
Identify, explore and evaluate sources for additional information and fresh business opportunity ideas 
Identify personal and business objectives of developing opportunities 
Obtain input from others to improve and sort initial ideas 
Review and prioritise a range of business opportunity ideas to develop business concepts 
Calculate basic business planning estimates for new business concepts 
Identify and review relevant legal and regulatory requirements 
Determine and document criteria for determining the feasibility of new business ideas 
Undertake preliminary assessment of feasibility of business concepts and seek specialist advice as required 
Identify risks of business concepts and undertake risk assessment 
Select the most feasible ideas for further development into business plans 
Prepare basic documentation to communicate business concepts to stakeholders 
Determine requirements for partners, alliances and advisors to advance business concept 
Identify and assess potential partners, alliances and advisors 
Seek relevant legal advice to protect interest throughout negotiations 
Conduct negotiations to advance the concept 
Negotiate and develop partnership, alliance and advisory arrangements, if appropriate 
Confirm partnership, alliance and advisory arrangements using legal processes, where relevant 

Forms

Assessment Cover Sheet

AMPMGT503 - Develop and assess a meat retailing business opportunity
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

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Assessor name:

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Assessment Record Sheet

AMPMGT503 - Develop and assess a meat retailing business opportunity

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

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