The composition of a selected new venture’s industry/sector and its procurement systems

Course Purpose

Recognising and analysing the value chain within a chosen industry or sector, identifying the business principles and processes in the environment of the selected sector or industry, and demonstrating an understanding of various procurement systems applicable to that specific sector or industry are crucial aspects of strategic analysis and planning in business.

What you’ll learn

Learners working towards this standard will be learning towards the full qualification or working within an SMME (Small, Medium, Micro Enterprise) environment, specialising in New Venture Ownership and Management, where acquiring competence against this standard will add value to one’s job. This standard will also add value to entrepreneurs seeking to develop their entrepreneurial skills to become more marketable for bigger contracts, including commercial and public sector contracts, for example, the Department of Public Works programmes. Learners competent in this unit standard can identify the structures within a selected industry or sector, the business principles and processes. The qualifying learner is capable of identifying and analysing the value chain within a selected industry or sector, identifying the business principles and processes within a selected sector or industry’s environment and demonstrating an understanding of different procurement systems that may apply in specific sector/industry.

Duration: 1 Day