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Title / Produce establishment plans for small business ventures
Level / 5 / Credits / 5
Purpose / This unit standard is for people who need to produce establishment plans for small business ventures.
People credited with this unit standard are able to: explore and articulate business vision concepts; formulate and communicate an ethical framework for business operations; identify means of fostering entrepreneurship and innovation; and establish business goals and objectives and formulate strategic plans for specific small business ventures.
Classification / Business Operations and Development > Organisational Direction and Strategy
Available grade / Achieved
Explanatory notes
None.
Outcomes and evidence requirements
Outcome 1
Explore and articulate business vision concepts.
Evidence requirements
1.1Vision statements for existing ventures are obtained and analysed.
1.2Vision concepts relating to the articulation and communication of business ideas in inspirational or motivational ways are contrasted with vision statements obtained.
1.3Vision concepts are articulated for proposed small business ventures.
1.4Cultural values and beliefs that affect vision are acknowledged.
Outcome 2
Formulate and communicate an ethical framework for business operations.
Evidence requirements
2.1Business, personal, ethnic, and social values and responsibilities are examined and potential conflicts and issues for business operations are identified.
2.2Policies are formulated and communicated for business practices and relationships with customers, staff, business associates, competitors, and the community.
Outcome 3
Identify means of fostering entrepreneurship and innovation.
Evidence requirements
3.1Methods of encouraging and rewarding innovation and creativity are identified and incorporated into business plans.
3.2Plans allow for experimentation and development of options for improving products/services/systems and for articulation and communication of new ideas.
3.3Recognition is given for entrepreneurial and innovative developments that enhance the small business venture.
Outcome 4
Establish business goals and objectives and formulate strategic plans for specific small business ventures.
Evidence requirements
4.1Objectives developed are clearly defined, precise, measurable, and achievable.
4.2Objectives are analysed and specific goals formulated to achieve objectives.
4.3Strategic plans are developed to achieve goals and objectives. The plans allow for flexibility to adapt and respond to changing circumstances and encompass short- and long-range goals.
4.4A business plan is researched and produced for a specific small business venture.
Rangebusiness plan – articulates the business opportunity; identifies the industry sector, details strategies; defines the market for the service or product; identifies resources necessary to implement the proposals; details ownership, management, staffing, organisational, and operational arrangements.
4.5The structure and format of the business plan is appropriate for the nature and complexity of the business opportunity.
4.6The information contained in the business plan is clear, relevant, and in sufficient detail to allow the recipient to understand and assess the business proposal.
4.7The business plan is supported by documentation relevant to the business proposal.
This unit standard is expiring. Assessment against the standard must take place by the last date for assessment set out below.
Status information and last date for assessment for superseded versions
Process / Version / Date / Last Date for AssessmentRegistration / 1 / 28 September 1994 / 31 December 2015
Revision / 2 / 11 May 1999 / 31 December 2015
Revision / 3 / 16 January 2001 / 31 December 2015
Revision / 4 / 12 January 2006 / 31 December 2015
Rollover and Revision / 5 / 22 August 2008 / 31 December 2015
Review / 6 / 20 September 2012 / 31 December 2015
Rollover / 7 / 20 February 2014 / 31 December 2018
Consent and Moderation Requirements (CMR) reference / 0113
This CMR can be accessed at
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA, before they can report credits from assessment against unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and which are assessing against unit standards must engage with the moderation system that applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies to this standard are outlined in the Consent and Moderation Requirements (CMR). The CMR also includes useful information about special requirements for organisations wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements.
NZQA National Qualifications ServicesSSB Code 130301 / New Zealand Qualifications Authority 2018 / / New Zealand Qualifications Aut