Unit of competency Outline

Date retreived
23/07/2026 12:55 AM AWST

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Forecast international market and business needs

Forecast international market and business needs

Unit of competency
National Code
BSBMKG548
State Code
OCF33
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
19/10/2020
View on TGA
State Implementation and Classification
Approved Date
16/03/2021
Field of Education
080311 - International Business
Original Release Date
16/03/2021
Nominal Hours
45
Description
This unit describes the skills and knowledge required to forecast, evaluate and draw insights from international market intelligence to promote business development. The unit applies to individuals who with a considerable understanding of international business management and possess the managerial and supervisory skills to facilitate the effective functioning of business activities. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Prepare market intelligence
  • 1.1 Identify task objectives and target market
  • 1.2 Apply forecasting technique to Australian and international markets and identify trends and developments
  • 1.3 Collate and record information according to organisational objectives
2. Evaluate information
  • 2.1 Identify organisational business capabilities and resources
  • 2.2 Analyse international market information
  • 2.3 Identify threats and opportunities for business development according to forecasting results
3. Establish recommendations
  • 3.1 Identify potential organisational changes according to forecasting results
  • 3.2 Prepare recommendations according to task requirements
  • 3.3 Discuss recommendations with relevant personnel
No information
No information