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Evidence Guide: BSBMKG512 - Forecast international market and business needs

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!

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BSBMKG512 - Forecast international market and business needs

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

Collect market intelligence

  1. Gather and document market intelligence through networking activities and participation in activities such as trade fairs, conferences, and/or professional development activities
  2. Identify and access further sources of market intelligence
  3. Evaluate commercial services providing market intelligence for value for money and quality of market intelligence, and access as required
  4. Collate and analyse market for relevance and applicability to the organisation’s international business activity and undertake an evaluation of marketing performance
Gather and document market intelligence through networking activities and participation in activities such as trade fairs, conferences, and/or professional development activities

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify and access further sources of market intelligence

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Evaluate commercial services providing market intelligence for value for money and quality of market intelligence, and access as required

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Collate and analyse market for relevance and applicability to the organisation’s international business activity and undertake an evaluation of marketing performance

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Review current business performance and capability

  1. Confirm core activities, customer base, business values and current business direction
  2. Identify current international marketing performance and effectiveness of past international marketing or positioning
  3. Review performance data from all areas of the business to identify strengths, weaknesses and critical success factors relevant to international business activity
  4. Identify and assess current capabilities and resources to identify areas for improvement or exploitation within international markets
  5. Identify underperforming products or services within international markets for redevelopment or withdrawal
  6. Confirm the strength and current competitive position of the business within international markets
Confirm core activities, customer base, business values and current business direction

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify current international marketing performance and effectiveness of past international marketing or positioning

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Review performance data from all areas of the business to identify strengths, weaknesses and critical success factors relevant to international business activity

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify and assess current capabilities and resources to identify areas for improvement or exploitation within international markets

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify underperforming products or services within international markets for redevelopment or withdrawal

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Confirm the strength and current competitive position of the business within international markets

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Evaluate the specific market

  1. Identify and analyse trends and developments having an impact on international business activity for their potential impact on the business
  2. Gather and analyse comparative international market information as a basis for reviewing business performance
  3. Analyse the market performance internationally of existing and potential competitors and their products or services to identify potential opportunities or threats within international business markets
  4. Identify and tap sources of intelligence for advance warning of new products, services, technology or new international markets for the business
  5. Identify and analyse the legal, ethical and environmental constraints of the international market for their effect on international business activity
Identify and analyse trends and developments having an impact on international business activity for their potential impact on the business

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Gather and analyse comparative international market information as a basis for reviewing business performance

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Analyse the market performance internationally of existing and potential competitors and their products or services to identify potential opportunities or threats within international business markets

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify and tap sources of intelligence for advance warning of new products, services, technology or new international markets for the business

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify and analyse the legal, ethical and environmental constraints of the international market for their effect on international business activity

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Document how business can meet current and emerging needs of the target market

  1. Identify, analyse and document poor/underservicing of existing international market needs by the organisation and/or its competitors
  2. Identify changes in international markets that link positively to the organisation’s strengths or capabilities
  3. Consider the advantages and disadvantages of forecasting techniques in relation to the required outcome, and select technique/s in accordance with organisational requirements
  4. Forecast and justify emerging international market needs in terms of available information
  5. Identify the needs of the business in terms of changes required to improve performance or to address an international market opportunity
Identify, analyse and document poor/underservicing of existing international market needs by the organisation and/or its competitors

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify changes in international markets that link positively to the organisation’s strengths or capabilities

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Consider the advantages and disadvantages of forecasting techniques in relation to the required outcome, and select technique/s in accordance with organisational requirements

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Forecast and justify emerging international market needs in terms of available information

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify the needs of the business in terms of changes required to improve performance or to address an international market opportunity

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Collect market intelligence

1.1 Gather and document market intelligence through networking activities and participation in activities such as trade fairs, conferences, and/or professional development activities

1.2 Identify and access further sources of market intelligence

1.3 Evaluate commercial services providing market intelligence for value for money and quality of market intelligence, and access as required

1.4 Collate and analyse market for relevance and applicability to the organisation’s international business activity and undertake an evaluation of marketing performance

2. Review current business performance and capability

2.1 Confirm core activities, customer base, business values and current business direction

2.2 Identify current international marketing performance and effectiveness of past international marketing or positioning

2.3 Review performance data from all areas of the business to identify strengths, weaknesses and critical success factors relevant to international business activity

2.4 Identify and assess current capabilities and resources to identify areas for improvement or exploitation within international markets

2.5 Identify underperforming products or services within international markets for redevelopment or withdrawal

2.6 Confirm the strength and current competitive position of the business within international markets

3. Evaluate the specific market

3.1 Identify and analyse trends and developments having an impact on international business activity for their potential impact on the business

3.2 Gather and analyse comparative international market information as a basis for reviewing business performance

3.3 Analyse the market performance internationally of existing and potential competitors and their products or services to identify potential opportunities or threats within international business markets

3.4 Identify and tap sources of intelligence for advance warning of new products, services, technology or new international markets for the business

3.5 Identify and analyse the legal, ethical and environmental constraints of the international market for their effect on international business activity

4. Document how business can meet current and emerging needs of the target market

4.1 Identify, analyse and document poor/underservicing of existing international market needs by the organisation and/or its competitors

4.2 Identify changes in international markets that link positively to the organisation’s strengths or capabilities

4.3 Consider the advantages and disadvantages of forecasting techniques in relation to the required outcome, and select technique/s in accordance with organisational requirements

4.4 Forecast and justify emerging international market needs in terms of available information

4.5 Identify the needs of the business in terms of changes required to improve performance or to address an international market opportunity

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Collect market intelligence

1.1 Gather and document market intelligence through networking activities and participation in activities such as trade fairs, conferences, and/or professional development activities

1.2 Identify and access further sources of market intelligence

1.3 Evaluate commercial services providing market intelligence for value for money and quality of market intelligence, and access as required

1.4 Collate and analyse market for relevance and applicability to the organisation’s international business activity and undertake an evaluation of marketing performance

2. Review current business performance and capability

2.1 Confirm core activities, customer base, business values and current business direction

2.2 Identify current international marketing performance and effectiveness of past international marketing or positioning

2.3 Review performance data from all areas of the business to identify strengths, weaknesses and critical success factors relevant to international business activity

2.4 Identify and assess current capabilities and resources to identify areas for improvement or exploitation within international markets

2.5 Identify underperforming products or services within international markets for redevelopment or withdrawal

2.6 Confirm the strength and current competitive position of the business within international markets

3. Evaluate the specific market

3.1 Identify and analyse trends and developments having an impact on international business activity for their potential impact on the business

3.2 Gather and analyse comparative international market information as a basis for reviewing business performance

3.3 Analyse the market performance internationally of existing and potential competitors and their products or services to identify potential opportunities or threats within international business markets

3.4 Identify and tap sources of intelligence for advance warning of new products, services, technology or new international markets for the business

3.5 Identify and analyse the legal, ethical and environmental constraints of the international market for their effect on international business activity

4. Document how business can meet current and emerging needs of the target market

4.1 Identify, analyse and document poor/underservicing of existing international market needs by the organisation and/or its competitors

4.2 Identify changes in international markets that link positively to the organisation’s strengths or capabilities

4.3 Consider the advantages and disadvantages of forecasting techniques in relation to the required outcome, and select technique/s in accordance with organisational requirements

4.4 Forecast and justify emerging international market needs in terms of available information

4.5 Identify the needs of the business in terms of changes required to improve performance or to address an international market opportunity