NTISthis.com

Evidence Guide: BSBINT401B - Research international business opportunities

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

 

BSBINT401B - Research international business opportunities

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

Identify international business opportunities

  1. Investigate and identify business opportunities
  2. Undertake a feasibility study to determine likely business viability
  3. Identify specialist services and sources of advice where required
Investigate and identify business opportunities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake a feasibility study to determine likely business viability

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify specialist services and sources of advice where required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify business skills

  1. Identify and take into account financial and business skills available in the identified country or countries when researching business opportunities
  2. Access technical competencies required to take up identified business opportunities in the specific country or countries
  3. Assess personal skills/attributes and match these against those perceived as necessary for a particular business opportunity
  4. Identify, assess and document business risks according to resources available
Identify and take into account financial and business skills available in the identified country or countries when researching business opportunities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access technical competencies required to take up identified business opportunities in the specific country or countries

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess personal skills/attributes and match these against those perceived as necessary for a particular business opportunity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify, assess and document business risks according to resources available

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the following is essential:

research that has led to decisions about taking up international business opportunities

accessing different sources of information

documenting outcomes of research

knowledge of relevant Australian, international and local legislation.

Context of and specific resources for assessment

Assessment must ensure:

access to an actual workplace or simulated environment

access to office equipment and resources

access to relevant workplace documents

access to information sources used by candidate.

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:

direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate

review of feasibility study to determine likely business viability

analysis of responses to case studies and scenarios

demonstration of research techniques

observation of presentations

oral or written questioning to assess knowledge of cultural aspects relevant to target markets

assessment of documentation about business risks.

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:

research units or other international business units.

Required Skills and Knowledge

Required skills

research and data collection skills to maintain knowledge of potential opportunities

communication and negotiation skills to obtain information on opportunities from colleagues.

Required knowledge

identification and overview knowledge of key provisions of relevant legislation from all levels of government that affects business operations, codes of practice and national standards, such as:

International Commercial Terms (INCOTERMS)

trade modernisation legislation: Customs Legislation Amendment and Repeal Act, Import Processing Charges Act, Customs Depot Licensing Charges Amendment Act

Trade Practices Act

Warsaw Convention

World Trade Organization determinations

cultural aspects relevant to target markets

principles of risk management relevant to the business opportunities.

Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Business opportunities may include:

amount and types of finance available

consideration of applications and costings for trademarks, patents and standards accreditation

expected financial viability

finance required

likely return on investment

returns expected or required by owners

skills of operator

understanding of legal, cultural and other factors unique to the country of business

Business viability may include:

cost of modifying products and services to meet market requirements

location and/or premises available

market competition

opportunities available

resources available

risk related to a particular business opportunity, especially in regard to occupational health and safety (OHS) and environmental considerations

skills available

timing/cyclical considerations

Specialist services may include:

accountants

Austrade, state/territory departments and agencies, chambers of commerce

business brokers/business consultants

industry/trade associations

lawyers and providers of legal advice

online gateway

Business risks may include:

credit/payment risk of exporter not being paid or importer facing additional and unexpected costs associated with one or more of the following risks:

bank risk - financial standing of institutions involved in transaction/s

commercial risk - buyer insolvency

country risk - war/civil unrest/political decisions/economy

exchange rate - exchange rate fluctuations

finance risk - sufficiency of funding

performance risk - exporter/importer ability to deliver

transfer risk - exchange control/trade control

transport risk - loss of or damage to goods

other relevant risks such as:

legal risks associated with tax legislation, overlapping jurisdictions, regulations relevant to trading with international firms

market competition

OHS and environmental considerations

resources available

supply and demand