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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Evaluate the financial implications of changes to sustain future growth of small or medium business or autonomous business unit 
SAQA US ID UNIT STANDARD TITLE
116792  Evaluate the financial implications of changes to sustain future growth of small or medium business or autonomous business unit 
ORIGINATOR
SGB Manufacturing and Assembly Processes 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 06 - Manufacturing, Engineering and Technology Engineering and Related Design 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
In order for an entrepreneur or the manager of an autonomous or semi-autonomous business unit to make decisions and to plan for the future, they will have to evaluate the impact of changing technology or new products or services on the enterprise or business unit. In order to do this effectively, qualifying learners will be able to:
  • Determine profitability and sustainability of the enterprise
  • Proactively position the business in order to cope with the challenges posed by the changing business environment
  • Develop a growth strategy for the business
  • Consider formation of linkages or alliance partners or organisations.

    In doing this, learners will also know and understand:
  • How change affects the financial status of a business
  • Trend analysis
  • How to develop alternative strategies and choose effective strategy
  • How to obtain sufficient and reliable industry information.

    The skills, knowledge and values reflected in this unit standard are closely linked to those of:
  • Designing, prototyping, testing and refining products or services
  • Developing and implementing a manufacturing, installation or service plan.

    Learners can be assessed against this unit standard in any of the following contexts:
  • Autonomous or semi-autonomous business unit
  • Own business.

    The skills, the knowledge and the values reflected in this unit standard form part of the exit level outcomes required for the National Degree in Master Craftsmanship at NQF Level 6. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    The credits for this unit standard assume that learners have an NQF Level 5 Diploma in Master Craftsmanship. They also assume that learners are working towards their qualification as part of a learning programme which integrates all the required unit standards.

    Learning time will increase if learners do not have:
  • A relevant NQF Level 5 qualification
  • Experience in a relevant field.

    Learning time will be decreased if they have experience in this field because:
  • Their learning programmes will be adjusted to build on what they already know
  • They can apply to have their prior learning recognised. 

  • UNIT STANDARD RANGE 
    The ranges as indicated under the specific outcomes determine the scope and level of this unit standard. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse market trends and determine their financial implications for current services or products. 
    OUTCOME RANGE 
    This outcome will cover analysing the national economy and not the global economy. Candidates will, however, be expected to have an understanding of the global economy. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Medium term growth prospects are quantified and realistic 

    ASSESSMENT CRITERION 2 
    Data collected is sufficient, reliable, accurate and verifiable 

    ASSESSMENT CRITERION 3 
    Explain processes and options 

    SPECIFIC OUTCOME 2 
    Analyse market changes, identify opportunities and develop ideas for new products and or services. 
    OUTCOME RANGE 
    This specific outcome assumes that the best alternative growth strategy is new product development or service 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    New products and or services are practical, implementable and marketablee 

    ASSESSMENT CRITERION 2 
    Market data is sufficient, reliable, accurate and verifiable 

    ASSESSMENT CRITERION 3 
    Sufficient range of options is generated 

    ASSESSMENT CRITERION 4 
    Final choice of solution is justified 

    ASSESSMENT CRITERION 5 
    Final choice of solution leads to profitability and sustainability of enterprise 

    SPECIFIC OUTCOME 3 
    Determine financial implications of changed products and or services. 
    OUTCOME RANGE 
    Implications include economic volumes, development and production cost and analysis of cost vs benefits 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Product feasibility investment cost is established 

    ASSESSMENT CRITERION 2 
    Appropriate financial evaluation techniques are used to establish viability and cost of investment 

    ASSESSMENT CRITERION 3 
    The launching strategy of the new product or service is explained from the financial point of view 

    SPECIFIC OUTCOME 4 
    Identify funding options, investigate funding models and choose appropriate options. 
    OUTCOME RANGE 
    Funding options include internal and external loans, joint ventures, DTI funding 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Selected funding model is efficient and effective 

    ASSESSMENT CRITERION 2 
    Funding model is appropriate, realistic and covers all aspects 

    ASSESSMENT CRITERION 3 
    Sufficient options are considered 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    The assessment will be governed by the policies and guidelines of a relevant Education and Training Quality Assurance body, which has jurisdiction over this field of learning. The assessor will be accredited and have a qualification in Master Craftsmanship at NQF Level 6 or an appropriate NQF Level 7 qualification, with experience of running a small or medium business or autonomous business unit within a larger organisation. Since it is unlikely that there will be sufficient qualifified people in the early stages of the life of this qualification, ETQAs should be allowed to make interim arrangements such as:
    1. Assessor panels
    2. People experienced in the field but without formal qualifications, eg current or retired owners of successful businesses or respected managers in organisations

    Learners can be assessed in the language of their choice although if they have to report incidents or conditions to someone else, they will be assessed on their ability to report in the language commonly used in my working environment.

    They will be assessed in a workplace but can submit documents, projects, test results and assignments that were not produced in the workplace.

    They can be assessed against this unit standard to obtain credits or as part of an integrated assessment for a qualification. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The activities in this unit standard require an extensive practical experience integrated with a thorough knowledge and understanding of theory and the options related to the technical field and to general principles of organising work. It is assumed that the learners being assessed will have participated in formal structured learning processes to acquire the relevant knowledge. What follows are broad guidelines to the kind of content of such structured learning processes.

    1. Names & functions of:
  • Financial reports
  • Market reports
  • Economic conditions

    2. Purpose of:
  • Analysing trends
  • Preparing business strategy and plans

    3. Attributes, descriptions, characteristics & properties:
  • Reports
  • Analysis

    4. Processes and events:
  • Demand and supply
  • Economic events

    5. Causes and effects, implications of:
  • Influence of macro and micro economics
  • Influence of customer relations
  • Service excellence

    6. Procedures and techniques:
  • Financial evaluation techniques
  • Product evaluation techniques
  • Evaluating demand and supply

    7. Regulations, legislation, agreements, policies, standards:
  • Generally recognised business practice
  • Generally accepted accounting principles

    8. Theory: rules, principles, laws:
  • Marketing theory and principles
  • Accounting theory and principles
  • Supply and demand theories

    9. Relationships, systems:
  • Relationship between markets and finance
  • Business relationships eg: DTI; NGO's; etc
  • Relationship between customers and service providers
  • Relationship between service providers and suppliers
  • Distribution channels
  • Business organisations 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems
  • Market projections and growth
  • Customer related problems
  • Financing problems
  • Product development problems 

  • UNIT STANDARD CCFO ORGANISING 
    Organise and manage myself and my activities
  • Records are kept up to date and are easily accessible 

  • UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information
  • Collect and analyse market related information
  • Collect and analyse industry information
  • Collect and analyse competitors information 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively
  • Negotiate with financing institutions 

  • UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically
  • To collect and analyse information 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems
  • Macro and micro economic forces 

  • UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Supplementary information

    How credits were determined
    Activity-Hours-Notes
    Classroom learning-48-
    On-the-job learning-40-Project
    Self directed learning-10-Assignments, projects
    Coaching required-2-One-to-one passing on of tips and expert practice
    Other-0-Preparation of portfolios
    Total-100-
    Credits-10- 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49060   National Degree: Master Craftsmanship (Electrical)  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2021-06-30  EWSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.