- BSBINT401B - Research international business opportunities
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBINT401B Mapping and Delivery Guide
Research international business opportunities
Version 1.0
Issue Date: April 2024
| Qualification | - |
Unit of Competency | BSBINT401B - Research international business opportunities |
|---|---|---|---|
| Description | This unit describes the performance outcomes, skills and knowledge required to ascertain the international business opportunities available and the feasibility of a particular opportunity.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. | ||
| Employability Skills | This unit contains employability skills. | ||
| Learning Outcomes and Application | This unit applies to individuals who wish to investigate business opportunities outside Australia through offshore licensing. The activity could be undertaken by an owner/manager of a business or someone with a brief to investigate such opportunities.The unit does not cover scanning international markets to choose a country with which to do business. That area is covered in BSBINT403B Research international markets. | ||
| Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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| Prerequisites/co-requisites | |||
| Competency Field | Business Development - International Business | ||
| 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 | |
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| Elements of Competency | Performance Criteria | |||||||
| Element: Identify international business opportunities |
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| Element: Identify business skills |
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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.
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: research that has led to decisions about taking up international business opportunities accessing different sources of information documenting outcomes of research knowledge of relevant Australian, international and local legislation. |
Context of and specific resources for assessment | Assessment must ensure: access to an actual workplace or simulated environment access to office equipment and resources access to relevant workplace documents access to information sources used by candidate. |
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 third party workplace reports of on-the-job performance by the candidate review of feasibility study to determine likely business viability analysis of responses to case studies and scenarios demonstration of research techniques observation of presentations oral or written questioning to assess knowledge of cultural aspects relevant to target markets assessment of documentation about business risks. |
Guidance information for assessment | Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: research units or other international business units. |
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.
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Required skills |
research and data collection skills to maintain knowledge of potential opportunities communication and negotiation skills to obtain information on opportunities from colleagues. |
Required knowledge |
identification and overview knowledge of key provisions of relevant legislation from all levels of government that affects business operations, codes of practice and national standards, such as: International Commercial Terms (INCOTERMS) trade modernisation legislation: Customs Legislation Amendment and Repeal Act, Import Processing Charges Act, Customs Depot Licensing Charges Amendment Act Trade Practices Act Warsaw Convention World Trade Organization determinations cultural aspects relevant to target markets principles of risk management relevant to the business opportunities. |
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. | |
Business opportunities may include: | amount and types of finance available consideration of applications and costings for trademarks, patents and standards accreditation expected financial viability finance required likely return on investment returns expected or required by owners skills of operator understanding of legal, cultural and other factors unique to the country of business |
Business viability may include: | cost of modifying products and services to meet market requirements location and/or premises available market competition opportunities available resources available risk related to a particular business opportunity, especially in regard to occupational health and safety (OHS) and environmental considerations skills available timing/cyclical considerations |
Specialist services may include: | accountants Austrade, state/territory departments and agencies, chambers of commerce business brokers/business consultants industry/trade associations lawyers and providers of legal advice online gateway |
Business risks may include: | credit/payment risk of exporter not being paid or importer facing additional and unexpected costs associated with one or more of the following risks: bank risk - financial standing of institutions involved in transaction/s commercial risk - buyer insolvency country risk - war/civil unrest/political decisions/economy exchange rate - exchange rate fluctuations finance risk - sufficiency of funding performance risk - exporter/importer ability to deliver transfer risk - exchange control/trade control transport risk - loss of or damage to goods other relevant risks such as: legal risks associated with tax legislation, overlapping jurisdictions, regulations relevant to trading with international firms market competition OHS and environmental considerations resources available supply and demand |
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 |
|---|---|---|---|
| Investigate and identify business opportunities | |||
| Undertake a feasibility study to determine likely business viability | |||
| Identify specialist services and sources of advice where required | |||
| Identify and take into account financial and business skills available in the identified country or countries when researching business opportunities | |||
| Access technical competencies required to take up identified business opportunities in the specific country or countries | |||
| Assess personal skills/attributes and match these against those perceived as necessary for a particular business opportunity | |||
| Identify, assess and document business risks according to resources available |
Forms
Assessment Cover Sheet
BSBINT401B - Research international business opportunities
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
Feedback to student
Assessor name:
Signature:
Date:
Assessment Record Sheet
BSBINT401B - Research international business opportunities
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:
Date: