Application
This unit describes the skills and knowledge required to identify available international business opportunities and assess the feasibility of a particular opportunity.
It applies to individuals who wish to investigate business opportunities outside Australia. The activity might be undertaken by an owner/manager of a business or someone with a brief to investigate such opportunities.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1 Identify international business opportunities | 1.1 Investigate and identify business opportunities 1.2 Undertake a feasibility study to determine likely business viability 1.3 Identify specialist services and sources of advice where required |
2 Identify business skills | 2.1 Identify and take into account financial and business skills available in the identified country or countries when researching business opportunities 2.2 Access technical competencies required to take up identified business opportunities in the specific country or countries 2.3 Assess personal skills/attributes and match these against those perceived as necessary for a particular business opportunity 2.4 Identify, assess and document business risks according to resources available |
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill | Performance Criteria | Description |
Reading | 1.1-1.3, 2.1-2.4 | Gathers, interprets and analyses text to identify international business opportunities |
Writing | 1.1-1.3, 2.1-2.4 | Records and reports key information related to the outcomes of researching international business opportunities |
Numeracy | 1.1, 1.2, 2.1 | Uses mathematical techniques to ensure accuracy of calculations of fees and charges |
Get the work done | 1.1-1.3, 2.1-2.4 | Uses logically sequenced steps to plan and implement tasks required to achieve outcomes Uses analytical techniques to assess skills, competencies and risks associated with opportunities |
Sectors
Business Development – International Business