Unit of competency Outline

Date retreived
22/07/2026 7:05 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Develop enterprise opportunities

Develop enterprise opportunities

Unit of competency
National Code
BSBATSIM511
State Code
AUL10
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080307 - Organisation Management
Original Release Date
15/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to identify, assess and develop business opportunities in consultation with the community to increase economic independence and expand employment.It applies to individuals responsible for monitoring and guiding the activities of organisations investigating options to develop enterprise opportunities.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Expand existing activities
  • 1.1 Identify existing business initiatives, employment goals and objectives
  • 1.2 Evaluate current business activities on 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 on business development
3 Evaluate business options
  • 3.1 Assess potentially viable businesses
  • 3.2 Conduct feasibility studies with 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 on future business options
  • 3.6 Contribute to 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
No information
No information
Replaces
State Code National Code Title Type
D4856 BSBATSIM511C Develop enterprise opportunities Unit of competency
Replaced By
State Code National Code Title Type
ODR75 BSBFNG406 Assist in developing and implementing Aboriginal and Torres Strait Islander organisational policies Unit of competency