This unit describes the performance outcomes, skills and knowledge required to research and develop an integrated business plan for achieving business goals and objectives. Specific legal requirements apply to the management of a small business.

Unit details

Location:
Industry
Study level:
Vocational and further education (TAFE)
Unit code:
BSBSMB404A

Assessment

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit's learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines. Students will be expected to demonstrate the following required skills: - communication skills to assess business performance; - literacy skills to enable interpretation of business information, and; - numeracy skills to analyse data. Students will also be expected to demonstrate the following knowledge: - commonwealth, state/territory and local government legislative requirements relating to business operation, especially in regard to OHS and environmental issues, equal employment opportunity, industrial relations and anti-discrimination; - methods of evaluation; - OHS responsibilities and procedures for identifying hazards relevant to the business; - planning processes; - preparation of a business plan; - principles of risk management relevant to business planning; - reasons for and benefits of, business planning; - relevant industry codes of practice; - setting goals and objectives, and; - types of business planning - feasibility studies; strategic, operational, financial and marketing planning.

Where to next?

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.