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Evidence Guide: ACMHBR503 - Develop and implement a marketing plan for stud stock

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

ACMHBR503 - Develop and implement a marketing plan for stud stock

What evidence can you provide to prove your understanding of each of the following citeria?

Evaluate commercial information applicable to the equine market

  1. Research and analyse relevant information to identify market and economic trends
  2. Identify and evaluate stud stock from other stud operations to determine strengths and weaknesses of own stock
  3. Present collated information in a manner to provide clear and concise information
  4. Conduct market and situation analysis using established techniques according to the available budget and the need for external assistance
  5. Establish a risk management plan to counter factors influencing the profitability of a horse stud enterprise
Research and analyse relevant information to identify market and economic trends

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify and evaluate stud stock from other stud operations to determine strengths and weaknesses of own stock

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Present collated information in a manner to provide clear and concise information

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Conduct market and situation analysis using established techniques according to the available budget and the need for external assistance

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Establish a risk management plan to counter factors influencing the profitability of a horse stud enterprise

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop strategies to support marketing

  1. Create promotional materials that enhance commercial presentation of stud stock
  2. Identify all relevant legislation and codes of practice applicable to the sale of a horse
  3. Record and communicate priorities, responsibilities and budget to relevant parties
Create promotional materials that enhance commercial presentation of stud stock

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify all relevant legislation and codes of practice applicable to the sale of a horse

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Record and communicate priorities, responsibilities and budget to relevant parties

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop promotional strategies

  1. Prepare and record detailed plans for promotional activities according to organisation procedures, and to reflect feedback received on earlier activities
  2. Establish marketing objectives based on new and retained business consistent with stock held and strategic business plans
Prepare and record detailed plans for promotional activities according to organisation procedures, and to reflect feedback received on earlier activities

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Establish marketing objectives based on new and retained business consistent with stock held and strategic business plans

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Organise implementation of the marketing plan

  1. Establish criteria for the measurement of impact and success of promotional activities
  2. Make adjustments to the promotional and distribution strategies promptly and as required to ensure success
Establish criteria for the measurement of impact and success of promotional activities

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Make adjustments to the promotional and distribution strategies promptly and as required to ensure success

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Evaluate, select, draft and present horses for inspection prior to sale

  1. Evaluate and select horses according to the strategic and marketing plans of the stud operation
  2. Evaluate, select and organise horse drafts into appropriate marketing or sale categories and develop catalogue to reflect legislative requirements, representation and accurate documentation
  3. Define and establish potential points for sale, potential clients and catalogue documentation required for each horse
  4. Arrange sale details and advise relevant parties
  5. Notify potential clients of inspection requirements to facilitate selection process and confirm locations and times for inspection
  6. Obtain client feedback of horses selected for sale following inspection, and negotiate alternatives as appropriate
Evaluate and select horses according to the strategic and marketing plans of the stud operation

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Evaluate, select and organise horse drafts into appropriate marketing or sale categories and develop catalogue to reflect legislative requirements, representation and accurate documentation

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Define and establish potential points for sale, potential clients and catalogue documentation required for each horse

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Arrange sale details and advise relevant parties

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Notify potential clients of inspection requirements to facilitate selection process and confirm locations and times for inspection

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Obtain client feedback of horses selected for sale following inspection, and negotiate alternatives as appropriate

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Complete and evaluate sales against the marketing plan

  1. Arrange transport for horses to the sale site, ensuring safety and comfort of individual horses as well as meeting legislative and quarantine requirements and codes of practice applicable to horses in transit
  2. Confirm final sales arrangements including sales orders and penning details, and the availability of particular horses for sale with potential clients according to previous agreements
  3. Organise staff, skilled in safe horse handling techniques, to ensure horse allotments and catalogue schedules are maintained during the sale
  4. Complete all paperwork associated with the sale, and arrange transport details
  5. Evaluate results of the sale against the marketing plan in terms of profitability and success in achieving intended outcomes
  6. Make recommendations in regard to modification of the marketing plan
Arrange transport for horses to the sale site, ensuring safety and comfort of individual horses as well as meeting legislative and quarantine requirements and codes of practice applicable to horses in transit

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Confirm final sales arrangements including sales orders and penning details, and the availability of particular horses for sale with potential clients according to previous agreements

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Organise staff, skilled in safe horse handling techniques, to ensure horse allotments and catalogue schedules are maintained during the sale

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Complete all paperwork associated with the sale, and arrange transport details

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Evaluate results of the sale against the marketing plan in terms of profitability and success in achieving intended outcomes

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Make recommendations in regard to modification of the marketing plan

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge