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3.2 Creat a Vision for Your Business
| Title: | Create a Vision for Your Business |
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| QCA code: | M/500/4581 |
| Level: | Three |
| Credit Value: | One |
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Learning Outcomes The learner will: |
Assessment criteria The learner can: |
| 1.1 Assess how well your values for the business align with your vision 1.2 Explain how the vision and values inform the development and planning of your business 1.3 Demonstrate how to involve other people who may be critical to the potential success of your business |
| 2.1 Identify ways of creating or spotting business opportunities where they do not obviously exist 2.2 Evaluate the pros and cons of any business opportunity and decide whether or not it is worth pursuing |
| 3.1 Assess the potential risks within a business opportunity and consider what action to take that might minimise them 3.2 Use up-to-date and reliable information to consider whether the potential risks and minimising actions are worthwhile in order to improve your business |
| Additional information about the unit | |
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Unit aim(s) |
To support the development of skills needed to explore the relationship between vision and values, assess business opportunities and take calculated risks when setting up a business |
| Unit expiry date | 2008 |
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Details of the relationship between the unit and relevant national occupational standards (if appropriate) |
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Details of the relationship between the unit and other standards or curricula (if appropriate) |
Not applicable |
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Assessment requirements specified by a sector or regulatory body (if appropriate) |
Assessment to be based on naturally occurring evidence or realistic work environment |
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Endorsement of the unit by a sector or other appropriate body (if required) |
Supported by SFEDI |
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Location of the unit within the subject/sector classification system |
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Name of the organisation submitting the unit |
OCR |
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Availability for use |
To be used only by the following partners engaged in the SFEDI Framework project when developing Business Enterprise Qualifications CMI, Edexcel, IAB, ILM, NOCN, OCR, VTCT |
