BSBATSIM511C
Develop enterprise opportunities

This unit describes the performance outcomes, skills and knowledge required to identify, assess and develop business opportunities in consultation with the community in order to increase economic independence and expand employment.Some aspects of governance activities may be subject to legislation, rules, regulations and codes of practice relevant to different job roles and jurisdictions.

Application

This unit applies to individuals responsible for monitoring and guiding the activities of organisations that are investigating options to develop enterprise opportunities.


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Expand existing activities

1.1. Identify existing business initiatives, employment goals and objectives

1.2. Evaluate current business activities with respect to viability and future potential

1.3. Seek expert advice where appropriate

1.4. Support viable businesses

2. Develop business ideas and options

2.1. Canvass the community for business ideas and options

2.2. Identify and document potential skills and abilities in the community

2.3. Identify and analyse potential markets

2.4. Obtain information from business services regarding business development

3. Evaluate business options

3.1. Assess potentially viable businesses

3.2. Conduct feasibility studies with the support of appropriately skilled personnel

3.3. Gather and document community input

3.4. Consider and document business options

3.5. In conjunction with other board members, make and document decisions regarding future business options

3.6. Contribute to the development of business plans that take account of local cultural requirements

4. Implement business proposals

4.1. Establish structures to action business plans

4.2. Establish partnerships where appropriate

4.3. Establish monitoring and review mechanisms

4.4. Set and document achievable targets and timeframes

4.5. Establish and support boards of management of new businesses where appropriate

4.6. Provide information to the community on a regular basis

Required Skills

Required skills

numeracy skills to evaluate information on business viability

communication, teamwork and negotiation skills to work cooperatively with other board members, management and staff of the organisation, members, community and key stakeholders

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

evaluation and decision-making skills to monitor and review information presented to the board and enact decisions

planning skills to develop and implement business plans

problem-solving skills to identify and manage real and perceived conflict of interest between parties

research and analytical skills to gather and evaluate business data

oral and reading communication skills to develop and evaluate business proposals and plans

Required knowledge

business planning strategies, including strategies for:

conducting feasibility studies

setting goals and objectives

business processes

business support services available

concept of community control of organisations and how it may impact on business options

cultural context in which Aboriginal and Torres Strait Islander boards operate, including their role in upholding traditional and cultural values, and how that might impact on business options and operations

geographic, social, economic and political contexts in which particular organisations operate and how these may impact on business options and operations

information generally included in feasibility studies and how it should be interpreted

marketing terms and strategies

organisationalpolicies and procedures in relation to business activities

possible business structures

provisions of federal, state or territory legislation and funding body requirements that may impact on business options and operations

relevant protocols and cultural responsibilities that might impact on the development of enterprise opportunities

strategies for identifying skills available in the organisation and community

Evidence Required

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 ability to:

identify potential business activities for the organisation and possible business structures to support these activities

develop business proposals in collaboration with others

make decisions regarding the suitability of business proposals

participate in business planning processes in collaboration with others.

Context of and specific resources for assessment

Assessment must ensure:

participation on an actual or simulated board

access to examples of enterprises operated by Aboriginal and Torres Strait Islander organisations

access to examples of relevant documents

knowledge and performance are assessed over time to confirm consistency in performance.

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:

observation of performance on a board or simulated board

direct questioning combined with reflection of practical board performance by the candidate

analysis of responses to case studies and scenarios

demonstration of techniques

observation of presentations and group discussions

oral or written questioning to assess knowledge

observation of performance in role plays

analysis of feedback from other board members, staff, community or other stakeholders regarding performance.

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:

BSBATSIW515C Secure funding.


Range Statement

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.

Evaluation of current business activities may refer to:

capital requirements

community motivation

cultural appropriateness

human resources

market availability

risk.

Business ideas and options may include:

establishing an independent business operation

establishing joint ventures with local government and/or private operators

tendering for supply of services.

Markets may include:

Aboriginal and Torres Strait Islander networks

local, regional, state or territory, national or international consumers and organisations.

Business services may include:

Aboriginal and Torres Strait Islander legal services

business development networks

government business information services

industry associations

local operators.

Structures may include:

board of management

board members, staff, community representatives, business and finance advisers, industry advisers

capital requirements

core business

future directions

income and expenditure projections

legal structure

market strategies

staffing.


Sectors

Unit sector


Competency Field

Regulation, licensing and risk - ATSI governance


Employability Skills

This unit contains employability skills.


Licensing Information

Not applicable.