Seize a business opportunity

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver SIRXMPR005A, 'Seize a business opportunity'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Seize a business opportunity' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria


Performance Criteria

Elements describe the essential outcomes of a unit of competency.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide.

1. Analyse environmental factors influencing products and services.

1.1.Determine opportunities for expanding professional knowledge of a market.

1.2.Initiate research to review demographics and consumer habits for a specific product or service.

1.3.Anticipate changes in market conditions.

1.4.Confirm business to business sales and supply goals and expectations.

1.5.Analyse relationships with suppliers and strengthen to enable business opportunities to be realised.

2. Identify a business opportunity.

2.1.Secure sources of information about business opportunities in line with business direction and goals.

2.2.Explore potential business applications for creative ideas and innovative approaches.

2.3.Encourage individual entrepreneurial spirit and attitudes and orient towards potential business applications.

3. Evaluate a business opportunity.

3.1.Investigate business opportunities to determine their market and financial viability.

3.2.Secure documents and records for existing customers to assess the suitability of a business opportunity.

3.3.Map suitability of a business opportunity against business plans, market expectations, and capacity to respond.

3.4.Evaluate a business opportunity for compatibility with current business activities and customer relationships.

3.5.Assess return on investment from a business opportunity by identifying and analysing risks, opportunities, costs and benefits.

3.6.Quantify potential non revenue advantages from a business opportunity.

3.7.Identify and assess relevant situational factors affecting the potential of a business opportunity.

3.8.Determine options for proceeding with a business opportunity.

4. Seize viable business opportunities.

4.1.Determine viability of a business opportunity.

4.2.Gain approval for progressing a business opportunity according to business policy and procedures.

4.3.Seize viable business opportunities.

Qualifications and Skillsets

SIRXMPR005A appears in the following qualifications:

  • SIR40207 - Certificate IV in Retail Management