SAQA 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.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Match new venture opportunity to market needs 
SAQA US ID UNIT STANDARD TITLE
119669  Match new venture opportunity to market needs 
ORIGINATOR
SGB Generic Management 
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-Fundamental  Level 2  NQF Level 02 
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 
Learners working towards this standard will be learning towards the full qualification, or will be working within a SMME (Small, Medium, Micro Enterprise) environment, specialising in New Venture Ownership and Management, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to entrepreneurs who are seeking to develop their entrepreneurial skills so that they can become more marketable for bigger contracts, including commercial and public sector contracts, for example the Department of Public Works programmes.

The qualifying learner is capable of:
  • Identifying and describing what marketing is in relation to new venture opportunities.
  • Conducting market research.
  • Identifying market segments in relation to own venture opportunity.
  • Incorporating market research into a marketing plan.
  • Exploring product/service life cycle. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    All learners accessing this qualification must be in possession of a GETC or equivalent qualification. The learner must be competent in communication literacy at NQF level 1. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify and describe what marketing is in relation to new venture opportunities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of a market is described, including the four P's of marketing. 
    ASSESSMENT CRITERION RANGE 
    The four P's of marketing include Price, Promotion, Place and Product.
     

    ASSESSMENT CRITERION 2 
    A market is described in relation to supply, demand and pricing, utilising examples. 

    ASSESSMENT CRITERION 3 
    The importance of the value addition of a proposed business in relation is explained in relation to the market. 

    ASSESSMENT CRITERION 4 
    Factors that influence markets are explained in the context of proposed business venture. 
    ASSESSMENT CRITERION RANGE 
    Factors that influence markets include but are not limited to the South African economy, trends and developments within the particular new venture industrial context, competition, location, timing.
     

    ASSESSMENT CRITERION 5 
    Differentiations between product and service marketing are identified and explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Market segmentation includes but is not limited to specific projects, geographical location, income brackets, age, gender, ethnic, community.
     

    ASSESSMENT CRITERION 6 
    The concept of market segmentation is explained with examples. 

    ASSESSMENT CRITERION 7 
    The concept of competition is explained in relation to the marketing function. 

    SPECIFIC OUTCOME 2 
    Conduct market research. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The importance of market research is explained in relation to proposed new venture. 

    ASSESSMENT CRITERION 2 
    Market research techniques are identified and explained in context of proposed new venture. 
    ASSESSMENT CRITERION RANGE 
    Market research techniques include but are not limited to formal and informal research including basic questionnaires, community research, intelligence gathering exercises.
     

    ASSESSMENT CRITERION 3 
    Market research tools are identified and utilised to determine viability of new venture. 

    ASSESSMENT CRITERION 4 
    Market research is conducted and factual information is gathered and interpreted in relation to own business. 

    ASSESSMENT CRITERION 5 
    Viability of new venture is determined according to market research findings. 

    SPECIFIC OUTCOME 3 
    Identify market segments in relation to own new venture opportunity. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Own product/service requirements are analysed in relation to the identified target market. 

    ASSESSMENT CRITERION 2 
    Customers are segmented according to business goals. 

    ASSESSMENT CRITERION 3 
    The competition to new venture opportunity is identified and analysed to determine the threats they may present. 

    ASSESSMENT CRITERION 4 
    The changes that may be required to increase competitiveness of new venture are identified and explained in accordance with competitor analysis and market research. 

    SPECIFIC OUTCOME 4 
    Incorporate market research into a marketing plan. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The elements of a marketing plan are outlined and described according to own business context. 

    ASSESSMENT CRITERION 2 
    New venture opportunity is analysed and marketing plan compiled in accordance with the Four P's of marketing. 

    ASSESSMENT CRITERION 3 
    Measurement tools to evaluate success of marketing plan are identified and included in plan. 

    ASSESSMENT CRITERION 4 
    Action goals are outlined and implemented, with timeframes. 

    ASSESSMENT CRITERION 5 
    Reasons and methods for evaluating and modifying marketing plan are explained and implemented in the context of market research results. 

    ASSESSMENT CRITERION 6 
    Marketing plan is integrated into business. 

    SPECIFIC OUTCOME 5 
    Explore product/service life cycle. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of a product/service life cycle is explained with examples. 

    ASSESSMENT CRITERION 2 
    Growth opportunities for new venture are identified and explained with typical examples of how this can be achieved. 

    ASSESSMENT CRITERION 3 
    Trends and developments in relation to product/service are monitored and product/service life cycle is determined accordingly. 

    ASSESSMENT CRITERION 4 
    Plans are made to ensure that business venture is aligned to product/service life cycle. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any 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 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 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 
    The learner must demonstrate an understanding of:
  • The principles and skills of marketing.
  • The product/service life cycle.
  • Basic principles and techniques for conducting market research.
  • The four P's of marketing as they relate to new ventures.
  • The basic principles for compiling a marketing plan and how this forms part of an overall business plan. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes to conduct market research, compile marketing plan and explore the product/service life cycle of a potential new venture. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to identify and compile a marketing plan based on community/industrial needs. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to gather data, compile and develop a marketing plan. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and crtically evaluate marketing information in order to put a sound marketing plan together. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to compile marketing plan. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring all marketing and product/service life cycle data is effectively incorporated into marketing plan. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that marketing problem-solving contexts do not exist in isolation. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by analysing all aspects of market segments in relation to own new venture opportunity. 

    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 
    Articulation possibilities:

    This unit standard will enable a learner to articulate to other qualifications in the generic management field, marketing field and financial services field. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49648   National Certificate: New Venture Creation (SMME)  Level 2  NQF Level 02  Reregistered  2023-06-30  SERVICES 
    Core  64909   National Certificate: Small Scale Mining  Level 2  NQF Level 02  Reregistered  2023-06-30  MQA 
    Elective  50584   General Education and Training Certificate: Clothing Manufacturing Processes  Level 1  NQF Level 01  Reregistered  2023-06-30  FPMSETA 
    Elective  58144   National Certificate: Music Industry Practice  Level 2  NQF Level 02  Reregistered  2023-06-30  CATHSSETA 


    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.
     
    1. 1 CLASSIE AFRICA 
    2. A Z Community Services 
    3. Advanced Assessments and Training (pty) ltd 
    4. African Duchess Coutore solutions (Pty) Ltd 
    5. AL Development Services cc 
    6. Aldabri 106 (Pty) Ltd 
    7. Amagema Development Consultants cc 
    8. Aranda Learnership College (Pty) Ltd 
    9. Aranda Textile Mills Pty Ltd 
    10. Assured Vocational Skills Institute (Pty) Ltd 
    11. Avad Projects (Pty) Ltd 
    12. Ayasaphe Trading cc 
    13. Babina Tlou Trading and Projects 001 
    14. Bakgoni Empowerment Centre (Pty) Ltd 
    15. Becoz Empire Multi-Choice and Trading Primary Co-operative Limited 
    16. Better beginning trading and projects pty ltd 
    17. Big Tree Group (Pty) Ltd 
    18. Bokamoso Competence (Pty) Ltd 
    19. Bonenhle Investments 
    20. Bosasa Youth Development Centres (Pty) Ltd 
    21. BRIGHT IDEA PROJECTS 447 PTY LTD T/A MIND -THE- GAP 
    22. Broadway Sky Trading 
    23. Btech 
    24. Bullet Proofing Technology Pty Ltd 
    25. Camblish Training Institute (Pty) Ltd 
    26. CANDYS UNLIMITED COLLECTION Pty Ltd 
    27. Cape Town Workbased Learning Academy 
    28. Capricorn TVET College 
    29. CAROLINE'S FASHION ENTERPRISE 
    30. Chamonix Consulting (Pty) Ltd 
    31. Changing Women 
    32. Chippa Training Academy (Pty) Ltd 
    33. Circleway College 
    34. CKWEI Clothing (Pty) Ltd 
    35. Cre8tion Projects 6 PTY LTD 
    36. Dieketseng Training Centre 
    37. Dinaka Business Management & Consulting 
    38. Dlabane Investment Holdings (Pty) Ltd 
    39. Dr M Investments 
    40. Duzi-Corp 56 
    41. Eastcape Midlands Public FET College - Uitenhage (High Street)Campus 
    42. Ebotse Development and Training Centre 
    43. Eddels Shoes Pty Ltd 
    44. Egsibit Training and Development 
    45. Ekurhuleni Artisans & Skills Training Centre (Pty) Ltd 
    46. Elimofo Trading& Projects 
    47. Emfundisweni Skills Development & Resource Centre (Pty) Ltd 
    48. Ergonomic Construction and Managed Disability Projects 
    49. ES Training Services (Pty) Ltd 
    50. Esethu Manufacturing, Packaging, Printing & Design (Pty) Ltd 
    51. Eshet Chayil Concepts (Pty) Ltd 
    52. Eskilz College (Pty) Ltd 
    53. Ethicae Juridico Consulting (Pty) Ltd 
    54. Ezandleni-Ezethu Trading (Pty) Ltd 
    55. Flavious Mareka TVET College 
    56. Forthwawe Business Centre 
    57. Fundakahle Multi-Purpose Co-operative Limited 
    58. Furniture World Training Centre 
    59. Future Discovery Training Academy CC 
    60. Future Dynamics Learning 
    61. Futuretech Campus (Pty) Ltd 
    62. Gauteng City College 
    63. Gia Development Trades 
    64. Glicam Trading Enterprise 
    65. GNBR Solutions (Pty) Ltd 
    66. Goodwill Institute of Technology 
    67. Grandstar Projects 
    68. Green Earth Training & Development (Pty) Ltd 
    69. Green Enviro & Projects (Pty)Ltd 
    70. Greenrim Training 
    71. Gufferty Consulting 
    72. HHO Enterprise 
    73. Hoseah Training and Manufacturing NPC 
    74. Hybrid Dynamics 
    75. I Care Resource Centre 
    76. IALE School of Advance Learning and Education (Pty) Ltd 
    77. Ikamvelihle Youth Development (Pty) Ltd 
    78. Imbeleko Community Development Projects 
    79. Imbewu Development Institute (Pty) Ltd 
    80. Impela Trading cc 
    81. In Time Industrial (Pty) Ltd 
    82. Injiya Trading and Projects 
    83. Inkwenkwezi Private Community College & Skills Development 
    84. INTERMASIKO CC 
    85. Intselelo Community & Development Institute NPC 
    86. Intuthuko Yesizwe Community Organisation 
    87. Inyathi Visions 
    88. Ithemba Lomphakathi Community Organisation 
    89. Ithuteng Learning Academy & Projects (Pty) Ltd 
    90. Ivulandlela (Pty) Ltd 
    91. Izintombizekhethelo (Pty) Ltd 
    92. Jeppe College of Commerce and Computer Studies 
    93. Jumpstart Training Institute (Pty) Ltd 
    94. kagisho Business Concepts (Pty) Ltd 
    95. Kelmik Training Centre (Pty) Ltd 
    96. Khosi JS Designs (Pty) Ltd 
    97. Kingdom Varsity College (Pty) Ltd 
    98. Knoop Academy NPC 
    99. Kotton Wear (Pty) Ltd 
    100. Kusabelele Investments 
    101. KWEM Management Solutions 
    102. La Gratitude Academy 
    103. Lembede Investment Holdings (Pty) Ltd 
    104. Letaba TVET College 
    105. LFS DESIGNS 
    106. Lisakhanya Skills Development Consultants (Pty) Ltd 
    107. LLSM (Pty) Ltd 
    108. Longata Consultant 
    109. Lucky Neo (Pty) Ltd 
    110. Lungile Mchunu Consultancy (Pty) Ltd 
    111. Lwaziphezinhle (Pty) Ltd 
    112. Maab Training Management ( Pty) Ltd 
    113. Maboko Skill Development & Projects 
    114. Majuba TVET College 
    115. Malkai Devrani Holding (PTY) Ltd 
    116. Maluti TVET College 
    117. Master Patterns by Rona 
    118. Matatiele Fashion Design Academy (Pty) Ltd 
    119. Mavco Engineering (Pty) Ltd 
    120. Maxlen Holdings (Pty) Ltd 
    121. Mberwana Trading Enterprise 
    122. Mbova Multi Services cc 
    123. Media Works 
    124. Melenial Media (Pty) Ltd 
    125. Mgadaveni Training Projects (Pty) Ltd 
    126. MICROMATICA 384 (PTY) LTD 
    127. Microzone Trading 747 
    128. Mlasimbi Catering Primary Co-operative Limited 
    129. MMBG Trading & Consulting 
    130. Mnambithi TVET College 
    131. MORENTHO INSTITUTE SA 
    132. Motheo FET College - Central Office 
    133. Mphahle Consultancy (Pty) Ltd 
    134. Mugazi Consultancy cc 
    135. Nchuncheko Holdings (Pty) Ltd 
    136. NDIMASE TRADING 
    137. Ndwamato Training Solutions (Pty) Ltd 
    138. NELLY-SGUEEJE TRADING 
    139. New Business Initiative Management Consultancy 
    140. Ngaphakathi Investments 
    141. Ngcebo Consulting (Pty) Ltd 
    142. NokushoM Consultancy & Trading (Pty) Ltd 
    143. Nolwazi Dev Centre (Pty) Ltd 
    144. Nomzumbe Trading & Projects (Pty) Ltd 
    145. Nosino Projects (Pty) Ltd 
    146. Nqothu Projects (PTY) LTD 
    147. NSJ Agricultural Farming And Multipurpose 
    148. Nteko Investments 
    149. Ntuthuko Projects & Services 
    150. Nurtured Minds Trading (Pty) Ltd 
    151. OTP 
    152. Oyama Kulwazi Training & Consulting (Pty) Ltd 
    153. P&R Development and Training (Pty) Ltd 
    154. Pectosource (Pty) Ltd 
    155. Penny Lane Fashion School (Pty) Ltd 
    156. Phala Projects cc 
    157. Phetho Concepts (Pty) Ltd 
    158. Phumazeth Training Academy (Pty) Ltd 
    159. Pinus Tech Technologies Trading and Projects 
    160. PMV Destiny Skills Training and Development (Pty) Ltd 
    161. Positive Thinking Consultants CC 
    162. Practice Makes Perfect Training Centre 
    163. Prempie Business Solutions (Pty) Ltd 
    164. Prispiri (Pty) Ltd 
    165. Professional Training Institute (Pty) Ltd 
    166. Qualfurn Training & Projects 
    167. Rally Business Consulting PTY LTD 
    168. Re Tshepeng Holdings 
    169. Redefined Skills Training & Development (Pty) Ltd 
    170. Safe Heavens Properties (Pty) Ltd 
    171. Sarva Dharma Ashram 
    172. Seacrest Investments 156 (Pty) Ltd 
    173. Sedibeng TVET College 
    174. Sefudi Business Solutions 
    175. Sekhukhune FET College - Central Office 
    176. Sesamkelokuhle Trading Enterprise (Pty) Ltd 
    177. Sew Africa Training Centre 
    178. SHEET PLASTIC MARKETING CC 
    179. Sheet Plastic Pty Ltd 
    180. Sibonguthando Projects And Services Cc 
    181. Silungokuhle (Pty) Ltd 
    182. Sisiziwe Training Centre Co-operative 
    183. Siyahumelela Training Academy 
    184. SKILL TECH SOLUTIONS PTY LTD 
    185. Snyawunywu Poultry Farming (Pty) Ltd 
    186. Somvi Catering & General Services cc 
    187. Souls 4 Life Trading (Pty) Ltd 
    188. South Africa Advanced Skills Institute (Pty) Ltd 
    189. South African Advanced Skills Institute 
    190. SPLS Consultants (Pty) Ltd 
    191. SW Skills Wise (Pty) Ltd 
    192. T Mdlatu Trading Enterprise cc 
    193. Talent for Sewing 
    194. TBL Empowerment Hub 
    195. Tebkhan Investments (Pty) Ltd 
    196. THANDEKA VOCATIONAL EDUCATION TRUST (PTY) LTD 
    197. The Finishing College (Pty) Ltd 
    198. The Institute of Fashion and Garment Technology (Pty) Ltd 
    199. The New Look 
    200. THE SKILLS DEVELOPMENT CORPORATION PRIVATE PTY LTD 
    201. The Tailor Shop School of Tailoring and Dress Design Training Centre (Pty) Ltd 
    202. Thitha Training and Development Services 
    203. TIBZA Consulting (Pty) Ltd 
    204. Tlhole Foundation (PTY) LTD 
    205. Trade Call Investments Apparel (Pty) LTD 
    206. Trade Call Investments Apparel (Pty) Ltd (Mobeni) 
    207. Training Force (Pty) Ltd (Durban) (TP) 
    208. True Reflections Training and Development (Pty) Ltd 
    209. True Ruby Trading 1021 cc 
    210. TRY EASY ELECTRICAL SOLUTIONS 
    211. Tshwane North College 
    212. Ubucubu Home Industries 
    213. Ubuhle Bengcebo 
    214. Udumo Services & Projects 
    215. Umbuso Training Services 
    216. Umfolozi FET College 
    217. Umfolozi TVET College (Richards Bay) 
    218. Umlozi Skills Centre (Pty) Ltd 
    219. Umnotho We Afrika Foundation NPC 
    220. Umtha Developments 
    221. Umunotho Wealth Management Pty Ltd 
    222. Valotech 274 (Pty) Ltd 
    223. Value Added Reward (Pty) Ltd 
    224. Value at Hand (Pty) Ltd 
    225. VCK Training and Technical Services Pty Ltd 
    226. VEB CELE & Associates (Pty) Ltd 
    227. Verge (Pty) Ltd 
    228. Vhembe TVET College 
    229. Vijay Bhagwan Consultancy and Solutions cc 
    230. VMMK Capital Investment (Pty) Ltd 
    231. VPK BUSINESS VENTURE C C 
    232. Vuliqgondo Research & Manufacturing Centre 
    233. Vuthlari Marketing Consulting (Pty) Ltd 
    234. Warona Owethu Projects (Pty) Ltd 
    235. Waterberg FET College - Central Office 
    236. Wattville Community Learning College 
    237. Womens Leadership & Empowerment Initiative 
    238. World Pace Development & Training Institute (Pty) Ltd 
    239. Xhamela Development Services 
    240. Yahweh Shammah Socio-Economic Development 
    241. Youth for Survival NPO 



    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.