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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Plan strategically to improve new venture performance 
SAQA US ID UNIT STANDARD TITLE
263456  Plan strategically to improve new venture performance 
ORIGINATOR
Task Team - New Venture Creation 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
114585  Plan strategically to improve business performance  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who are required to implement and monitor a strategic plan to improve the performance of a new venture.

Learners credited with this unit standard will be able to:
  • Describe the concept of strategic planning in managing business performance.
  • Explain the role of the various functional strategies in business performance.
  • Apply business performance supervision and monitoring.
  • Monitor, measure and report on business performance.
  • Identify and rectify performance problems occurring in business. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner has the following knowledge and skills:
  • Communication at NQF Level 3. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe the concept of strategic planning in managing business performance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A description is given of the concept of strategic planning for a new venture. 

    ASSESSMENT CRITERION 2 
    An explanation is given of the benefits of strategic planning for performance monitoring. 

    ASSESSMENT CRITERION 3 
    Aspects of a good strategic plan are identified from examples a new venture. 

    ASSESSMENT CRITERION 4 
    The relationship between the timing of a strategic plan and performance of a venture is evaluated using examples from a new venture. 

    SPECIFIC OUTCOME 2 
    Explain the role of the various functional strategies in business performance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    An explanation is given of the elements of a strategic plan. 

    ASSESSMENT CRITERION 2 
    Alternative functional structures are identified within a new venture. 

    ASSESSMENT CRITERION 3 
    An explanation is given of how key elements operate within each alternative structure. 

    ASSESSMENT CRITERION 4 
    Reasons for choosing particular organisational structures are described in terms of a particular business venture. 

    SPECIFIC OUTCOME 3 
    Apply business performance supervision and monitoring. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A business performance monitoring tool is selected for use in the new venture. 

    ASSESSMENT CRITERION 2 
    Supervision practices are evaluated for use in the new venture. 
    ASSESSMENT CRITERION RANGE 
    Supervision practices includes but is not limited to expenditure.
     

    ASSESSMENT CRITERION 3 
    Marketing expenditure is analysed in accordance with the objectives of the new venture. 

    ASSESSMENT CRITERION 4 
    Business progress is monitored and attributes needing development identified against the project plan. 

    SPECIFIC OUTCOME 4 
    Monitor, measure and report on business performance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Qualitative and quantitative performance indicators are considered for a particular new venture. 

    ASSESSMENT CRITERION 2 
    Financial indicators are measured and reported for a particular new venture. 

    ASSESSMENT CRITERION 3 
    Customer satisfaction is monitored and reported for a particular new venture. 

    ASSESSMENT CRITERION 4 
    A variety of reporting lines are explained for a particular new venture. 

    ASSESSMENT CRITERION 5 
    Report priorities and requirements are described and documented for a particular new venture. 

    ASSESSMENT CRITERION 6 
    Progress is documented and reported in accordance with established procedures and agreed timeframe and format. 

    SPECIFIC OUTCOME 5 
    Identify and rectify performance problems occurring in business. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Potential problems are identified, recorded and notified with a view to their resolution. 

    ASSESSMENT CRITERION 2 
    Symptoms of performance problems are identified and root causes determined. 

    ASSESSMENT CRITERION 3 
    Appropriate problem-solving methods and techniques are identified, selected and applied to solve the problem. 

    ASSESSMENT CRITERION 4 
    Performance problems are rectified within set timeframes. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Principles and techniques for general supervision of peoples.
  • Problem solving techniques. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identifying and solving problems in which responses display that responsible decisions using critical and creative thinking have been made when:
  • Identifying and rectifying performance problems occurring in business. 

  • UNIT STANDARD CCFO WORKING 
    Working effectively with others as a member of a team, group, organisation, and community during:
  • The application of business performance supervision and monitoring.
  • The monitoring, measuring and reporting of business performance.
  • The identifying and rectifying of performance problems occurring in business. 

  • UNIT STANDARD CCFO ORGANISING 
    Organising and managing oneself and one's activities responsibly and effectively when:
  • Applying business performance supervision and monitoring.
  • Monitoring, measuring and reporting on business performance.
  • Identifying and rectifying performance problems occurring in business. 

  • UNIT STANDARD CCFO COLLECTING 
    Collecting, analysing, organising and critically evaluating information to better understand and explain:
  • The concept of strategic planning in managing business performance.
  • The role of the various functional strategies in business performance. 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicating effectively using visual, mathematical and/or language skills in the modes of oral and/or written persuasion when:
  • Applying business performance supervision and monitoring.
  • Monitoring, measuring and reporting on business performance.
  • Identifying and rectifying performance problems occurring in business. 

  • 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 
    This unit standard replaces the following unit standards 114585, "Plan strategically to improve business performance", Level 4, 4 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  66249   Further Education and Training Certificate: New Venture Creation  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Elective  80646   Further Education and Training Certificate: Beauty and Nail Technology  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 


    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.