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New Venture Creation Level 2 Unit Standards

UNIT STANDARDS: 

 

 

 

ID

UNIT STANDARD TITLE

LEVEL

CREDITS

Core 

113924 

Apply basic business ethics in a work environment 

Level 2 

Core 

114974 

Apply the basic skills of customer service 

Level 2 

Core 

114959 

Behave in a professional manner in a business environment 

Level 2 

Core 

119666 

Determine financial requirements of a new venture 

Level 2 

Core 

119673 

Identify and demonstrate entrepreneurial ideas and opportunities 

Level 2 

Core 

119667 

Identify the composition of a selected new venture`s industry/sector and its procurement systems 

Level 2 

Core 

119668 

Manage business operations 

Level 2 

Core 

119674 

Manage finances for a new venture 

Level 2 

10 

Core 

119672 

Manage marketing and selling processes of a new venture 

Level 2 

Core 

119669 

Match new venture opportunity to market needs 

Level 2 

Core 

119670 

Produce a business plan for a new venture 

Level 2 

Fundamental 

8963 

Access and use information from texts 

Level 2 

Fundamental 

9009 

Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life related problems 

Level 2 

Fundamental 

7480 

Demonstrate understanding of rational and irrational numbers and number systems 

Level 2 

Fundamental 

9008 

Identify, describe, compare, classify, explore shape and motion in 2-and 3-dimensional shapes in different contexts 

Level 2 

Fundamental 

8962 

Maintain and adapt oral communication 

Level 2 

Fundamental 

8967 

Use language and communication in occupational learning programmes 

Level 2 

Fundamental 

7469 

Use mathematics to investigate and monitor the financial aspects of personal and community life 

Level 2 

Fundamental 

9007 

Work with a range of patterns and functions and solve problems 

Level 2 

Fundamental 

8964 

Write for a defined context 

Level 2 

Elective 

9964 

Apply health and safety to a work area 

Level 2 

Elective 

14343 

Investigate the structure of an organization as a workplace 

Level 2 

Elective 

14341 

Keep informed about current affairs related to one`s own industry 

Level 2 

Elective 

14340 

Maintain an existing information system in a business environment 

Level 2 

Elective 

114976 

Operate and take care of equipment in an office environment 

Level 2 

Elective 

14346 

Process numerical and text data in a business environment 

Level 2 

Elective 

119671 

Administer contracts for a selected new venture 

Level 3 

10 

Elective 

119713 

Apply basic HR principles in a new venture 

Level 3 

Elective 

13912 

Apply knowledge of self and team in order to develop a plan to enhance team performance 

Level 3 

Elective 

117837 

Assemble, install and dismantle exhibition stands 

Level 3 

Elective 

13929 

Co-ordinate meetings, minor events and travel arrangements 

Level 3 

Elective 

13915 

Demonstrate knowledge and understanding of HIV/AIDS in a workplace, and its effects on a business sub-sector, own organisation and a specific workplace 

Level 3 

Elective 

13930 

Monitor and control the receiving and satisfaction of visitors 

Level 3 

Elective 

13936 

Outline the legal environment of a selected industry 

Level 3 

Elective 

13934 

Plan and prepare meeting communications 

Level 3 

Elective 

13933 

Plan, monitor and control an information system in a business environment 

Level 3 

Elective 

13932 

Prepare and process documents for financial and banking processes 

Level 3 

Elective 

119712 

Tender for business or work in a selected new venture 

Level 3 

 
 
New Venture Creation Level 4 Unit Standards
 

 

 Type

ID

UNIT STANDARD TITLE

OLD LEVEL

NEW LEVEL

CREDITS

Core 

114600 

Apply innovative thinking to the development of a small business 

Level 4 

NQF Level 04 

Core 

263455 

Apply the principles of costing and pricing to a business venture 

Level 4 

NQF Level 04 

Core 

263356 

Demonstrate an understanding of an entrepreneurial profile 

Level 4 

NQF Level 04 

Core 

263514 

Demonstrate an understanding of the function of the market mechanisms in a new venture 

Level 4 

NQF Level 04 

Core 

120389 

Explain and apply the concept, principles and theories of motivation in a leadership context 

Level 4 

NQF Level 04 

Core 

114584 

Finance a new venture 

Level 4 

NQF Level 04 

Core 

263534 

Implement an action plan for a new venture 

Level 4 

NQF Level 04 

Core 

263474 

Manage finances of a new venture 

Level 4 

NQF Level 04 

Core 

114805 

Manage general administration 

Level 4 

NQF Level 04 

Core 

13948 

Negotiate an agreement or deal in an authentic work situation 

Level 4 

NQF Level 04 

Core 

263434 

Plan and manage production/operations in a new venture 

Level 4 

NQF Level 04 

Core 

263456 

Plan strategically to improve new venture performance 

Level 4 

NQF Level 04 

Core 

114592 

Produce business plans for a new venture 

Level 4 

NQF Level 04 

Core 

114596 

Research the viability of new venture ideas/opportunities 

Level 4 

NQF Level 04 

Core 

116394 

Implement and manage human resource and labour relations policies and acts 

Level 5 

NQF Level 05 

Fundamental 

119472 

Accommodate audience and context needs in oral/signed communication 

Level 3 

NQF Level 03 

Fundamental 

119457 

Interpret and use information from texts 

Level 3 

NQF Level 03 

Fundamental 

119467 

Use language and communication in occupational learning programmes 

Level 3 

NQF Level 03 

Fundamental 

119465 

Write/present/sign texts for a range of communicative contexts 

Level 3 

NQF Level 03 

Fundamental 

9015 

Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems 

Level 4 

NQF Level 04 

Fundamental 

119462 

Engage in sustained oral/signed communication and evaluate spoken/signed texts 

Level 4 

NQF Level 04 

Fundamental 

119469 

Read/view, analyse and respond to a variety of texts 

Level 4 

NQF Level 04 

Fundamental 

9016 

Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts 

Level 4 

NQF Level 04 

Fundamental 

119471 

Use language and communication in occupational learning programmes 

Level 4 

NQF Level 04 

Fundamental 

7468 

Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues 

Level 4 

NQF Level 04 

Fundamental 

119459 

Write/present/sign for a wide range of contexts 

Level 4 

NQF Level 04 

Elective 

119671 

Administer contracts for a selected new venture 

Level 3 

NQF Level 03 

10 

Elective 

113836 

Apply basic computer technology 

Level 3 

NQF Level 03 

11 

Elective 

123258 

Foster and maintain customer relations 

Level 3 

NQF Level 03 

10 

Elective 

120392 

Apply the concept and principles of knowledge management to leadership 

Level 4 

NQF Level 04 

Elective 

242872 

Conduct international market research 

Level 4 

NQF Level 04 

Elective 

13952 

Demonstrate basic understanding of the Primary labour legislation that impacts on a business unit 

Level 4 

NQF Level 04 

Elective 

242655 

Demonstrate knowledge and application of ethical conduct in a business environment 

Level 4 

NQF Level 04 

Elective 

13945 

Describe and apply the management of stock and fixed assets in a business unit 

Level 4 

NQF Level 04 

Elective 

117156 

Interpret basic financial statements 

Level 4 

NQF Level 04 

Elective 

242819 

Motivate and Build a Team 

Level 4 

NQF Level 04 

10 

Elective 

114593 

Tender to secure business for a new venture 

Level 4 

NQF Level 04 

Elective 

115857 

Explain marketing for SMMEs 

Level 5 

NQF Level 05 

 
 
 
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