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: 

Develop, implement and evaluate a marketing strategy for a new venture 
SAQA US ID UNIT STANDARD TITLE
114583  Develop, implement and evaluate a marketing strategy for a new venture 
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 4  NQF Level 04 
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 
This Unit Standard is for those learners who need to develop and implement a marketing strategy for a new venture idea/opportunity. The marketing strategy will include the understanding of the marketing components product, promotion, place and price. The learner will be competent in compiling basic market research and interpreting the findings of relevant business research.

The qualifying learner will be able to:
  • Demonstrate knowledge of marketing concepts applicable to a new venture.
  • Analyse the product/service requirements of the target market of a new venture.
  • Demonstrate an understanding of the market research process and interpretation of research findings relevant to the new venture.
  • Develop a marketing plan for a new venture. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this Unit Standard should be competent in Computer Literacy, Mathematical Literacy and Communications at NQF Level 3 or equivalent. 

    UNIT STANDARD RANGE 
  • An all rounded understanding of the marketing mix and resources available and their uses.
  • A broad understanding of marketing research. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate knowledge of marketing concepts applicable to a new venture operation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concepts product, price, place and promotion are defined in terms of the marketing mix. 

    ASSESSMENT CRITERION 2 
    Key marketing concepts are explained in terms of their implication for own venture. 

    ASSESSMENT CRITERION 3 
    Marketing media are compared in terms of their advantages and disadvantages for effective marketing of products and/or services of own venture. 

    ASSESSMENT CRITERION 4 
    The target market and positioning of own venture is identified and described accurately. 

    SPECIFIC OUTCOME 2 
    Analyse the product/service requirements of the target market of a new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sources of market information about similar products and/or services are identified with a view to identifying the needs of a specific target market. 

    ASSESSMENT CRITERION 2 
    Competition for the provision of products and/or services is identified in terms of the services, prices and promotions offered by the business venture. 

    ASSESSMENT CRITERION 3 
    External and environmental factors impacting on consumer or customer behaviour are assessed for impact on marketing decisions. 

    ASSESSMENT CRITERION 4 
    The competitive advantages and disadvantages of the product/service are assessed using a marketing analysis approach. 

    ASSESSMENT CRITERION 5 
    Changes to the product and/or service delivery are identified which would enhance the marketing of the new venture. 

    SPECIFIC OUTCOME 3 
    Demonstrate an understanding of the market research process. 
    OUTCOME NOTES 
    Demonstrate an understanding of the market research process and interpret the findings relevant to the new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different techniques and methodology used for market research are evaluated and one selected for a own business research. 

    ASSESSMENT CRITERION 2 
    A planned market research for own venture is designed to include all aspects of the marketing of products/services offered by the business venture. 

    ASSESSMENT CRITERION 3 
    Other studies and published data on the market are analysed in terms of own business. 

    ASSESSMENT CRITERION 4 
    Factual information is gathered and interpreted in terms of own business. 

    ASSESSMENT CRITERION 5 
    Recommendations for own venture are formulated using the factual information. 

    SPECIFIC OUTCOME 4 
    Develop and implement a marketing plan for a new venture. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A marketing plan is developed to reflect research findings and recommendations for own venture. 

    ASSESSMENT CRITERION 2 
    The marketing plan is aligned to the business plan of own venture. 

    ASSESSMENT CRITERION 3 
    A cost effective mix of marketing methods are reflected in the plan. 

    ASSESSMENT CRITERION 4 
    The marketing plan, based on research, is implemented for own venture. 

    ASSESSMENT CRITERION 5 
    A process to monitor the marketing plan is designed to evaluate if the desired outcomes have been achieved. 

    SPECIFIC OUTCOME 5 
    Evaluate and modify the marketing plan. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The marketing plan is monitored for achieving the desired outcomes. 

    ASSESSMENT CRITERION 2 
    The positive, negative and interesting facts of the implementation of the plan are recognized and listed with a view to making the necessary amendments to the plan. 

    ASSESSMENT CRITERION 3 
    Possible modifications to the original plans are considered and tested. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • This Unit Standard will be assessed by an assessor and moderated by a moderator, registered with the relevant accredited ETQA responsible for the quality assurance of this Unit Standard.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the appropriate quality assuring ETQA, or Learning Programme approval with an ETQA that has a Memorandum of Understanding with the quality assuring ETQA.
  • Verification (external moderation) of assessment and moderation by the provider, will be conducted by the relevant quality assuring ETQA according to the moderation guidelines in the relevant Qualification and the agreed ETQA policy and procedures.
  • An individual wishing to be assessed through RPL against this Unit Standard, may apply to an assessment agency or provider institution accredited by the relevant quality assuring ETQA, or by an ETQA that has a formal agreement/accreditation with the relevant quality assuring ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Marketing objectives includes selling products and/or services, attracting customers, developing and maintaining customer loyalty, maintaining image, providing information.
  • Marketing concepts include needs, demands, market, marketing mix, promotion, public relations, service and advertising.
  • Marketing media include radio, television, print media advertisements, print media editorials, brochures, telemarketing and public relations.
  • Research processes, methods and techniques, i.e. surveys, interviews, questionnaires.
  • External and environmental factors include cultural, social, economic, regulatory, technological, demographic and competitive.
  • Marketing recourses include people, time, capital and space.
  • Marketing includes marketing communications with sponsors and public relations. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems pertaining to marketing a new venture. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others utilising skills and abilities to ensure the best marketing strategy for the new venture. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, evaluate, organise and critically evaluate information pertaining to marketing. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively so that correct processes are followed and correct channels are utilised in marketing the new venture. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to communicate with customers in the marketing and research processes. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems and how it would impact on the marketing of the new venture. 

    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 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  23953   Further Education and Training Certificate: New Venture Creation (SMME)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2009-05-13  Was SERVICES until Last Date for Achievement 
    Core  20884   National Certificate: New Venture Creation (SMME)  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2005-04-10   
    Elective  58761   Further Education and Training Certificate: Early Childhood Development  Level 4  NQF Level 04  Reregistered  2023-06-30  ETDP SETA 
    Elective  59097   Further Education and Training Certificate: Real Estate  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Elective  58394   National Certificate: Film and Television Production  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  65050   National Certificate: Music  Level 5  Level TBA: Pre-2009 was L5  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. 3 At Work Recruitment Agency 
    2. Access Employment Skills & Development Agency 
    3. Adelaine Training Solutions Pty Ltd 
    4. Amogelang Marketing and Training 
    5. Assessment & RPL College (Pty) Ltd 
    6. Avax Training & Development 
    7. Bangwaketse Trading and Projects 
    8. Barcor Learn to Earn cc 
    9. Berry Rose Project Consultants & Service Providers 
    10. Big Fish School of Digital Filmmaking (Pty) Ltd 
    11. Boikgantsho Consulting & Events cc 
    12. Boitjhorisong Resource Centre 
    13. Bopaditshaba Community Project 
    14. Brain Boosters Business Education (PTY) LTD 
    15. Brainwave Projects 1997 CC 
    16. Browers Entertainment 
    17. C Botha Educational Training cc t/a Edu-Experts 
    18. Chartall Business College 
    19. Compass Academy of Learning 
    20. Custoda Trust 
    21. D M Management and Consulting 
    22. DEVELO CC 
    23. Dintshang Trading 
    24. Directflo 
    25. Early Inspiration 
    26. Early Learning Foundation Montessori Teacher Training 
    27. Early Learning Resource Unit (ELRU) 
    28. EASTCAPE MIDLANDS COLLEGE BUSINESS UNIT (Uitenhage) (WA) 
    29. EBENEZER TRAINING HOUSE FOR EARLY LEARNING 
    30. Edu P Earl Education For Practitioners in Early Childhood Development (Pty) Ltd 
    31. Edu-Build Development 
    32. EDUTAK PRE-SCHOOL TRAINING AND DEVELOPMENT 
    33. Elective Training Institute Enterprise CC 
    34. eMedia Investment 
    35. Enjo Consultants 
    36. Environment and Language Education Trust 
    37. Eskilz College (Pty) Ltd 
    38. FILM Mentorship & Training 
    39. Footprint Media academy Pty ltd 
    40. Fundukuzimela Investments (Pty) Ltd t/a FdZ Investments 
    41. Future Performance Training and Development 
    42. Future-Teacher (Pty) Ltd 
    43. Gauteng Baobab Early Learning Training Programme 
    44. Golang Kulani ELC 
    45. Goldfields FET College 
    46. Grassroots Adult Education and Training Trust 
    47. GWALA TRAINING SERVICES 
    48. Happy Day Training and Development Services 
    49. HOPE ACADEMIC AND SKILL CENTRE 
    50. ICM t/a Institute for Career Management 
    51. Igugu Training and Investments 
    52. Ikusasa Lothisha t/a ECD Training Provider 
    53. Institute of Professional Studies and Services 
    54. Isamon Integrated 
    55. Isamon Vocational College of Excellence Pty Ltd 
    56. Isibani Skills Academy 
    57. Isibani Soluntu Development Trust 
    58. Itireleng Bokamoso Training and Development 
    59. Jabulani Training & Development 
    60. Josmap Training Institute 
    61. Keletsong Community Training & Resource Centre 
    62. Kgang-Kgolo Consulting 
    63. KHANIMAMBA TRAINING AND RESOURCE CENTRE 
    64. Khululeka Community Education Centre 
    65. Kids Academy 
    66. Kitso Bokamoso Training Solution 
    67. KITSO TRAINING AND DEVELOPMENT 
    68. Klein Karoo Resource Centre 
    69. KWAZULU NATAL EXPERIMENTAL COLLEGE 
    70. Leratham Supply Distribution and Enterprise 
    71. Leronsa Trading Enterprise 
    72. LESEDI EDUCARE ASSOCIATION 
    73. Letlhabile Institute Of Management and Training 
    74. Letlhokoa Management Services CC 
    75. Little Elephant Training Centre For Early Educationt/a LETCEE 
    76. Loago Business Consulting 
    77. Lynne Hobbs cc 
    78. Majahd Educational Services Multi-Purpose Primary Co-operative Limited 
    79. Mapheto Business Enterprises t/a MBE 
    80. MASAKANE TRUST 
    81. MASIKHULE EARLY CHILDHOOD DEVELOPMENT CENTRE 
    82. MATHS CENTRE INCORPORATING SCIENCES 
    83. Media Village Communication 
    84. MENTORNET (PTY) LTD 
    85. MIDLANDS COMMUNITY COLLEGE 
    86. Mochochonono Training Solutions cc 
    87. Mopani Development Academy 
    88. Motheo Training Institute Trust 
    89. Motlou Training Development 
    90. NATAL EARLY LEARNING RESOURCE UNIT TRUST 
    91. Ndoma Mathodi Trading Enterprise 
    92. Netgrow Training Solutions 
    93. Networx for Career Development 
    94. New Beginnings Training and Development Organisation 
    95. Nkqubela Community Developers 
    96. Noni Community Development 
    97. Northern Cape Urban College: Kimberley Campus 
    98. NORTHLINK COLLEGE 
    99. Northshore Trading 19CC t/a Makakhaunye Training and Development Agency 
    100. Ntataise Lowveld Trust 
    101. NTATAISE TRUST 
    102. Ntevho-Ketso Training and Recruitement Consultancy cc 
    103. Ntsangalala Business Enterprise 
    104. Orbit FET College - Rustenburg Campus 
    105. Peddie Development Centre 
    106. Peddie Development Culture 
    107. Petra institute of Development (PTY) Ltd 
    108. PHAKAMANI AGENCY CC 
    109. PMA Holding (Pty) Ltd 
    110. PND Academy of Learning cc 
    111. POPUP UPLIFTMENT 
    112. Pro Ed Training 
    113. PROFESSIONAL CHILD CARE COLLEGE PTY LTD 
    114. Professional Development and Training Institute (Pty) Ltd 
    115. Rampadise Education Training & Development Centre 
    116. Realeboga Development Services 
    117. Realeboga-Bakubung Training and Development Agency 
    118. REGIONAL EDUCARE COUNCIL 
    119. Rhodes University 
    120. Right 4 u College 
    121. Safe and Sound Learning Association 
    122. SANTS College 
    123. Siragelaphambili Abet Skills Development 
    124. SITHUTHUKILE TRUST 
    125. Siyahluma Education Institute 
    126. SIYATHELA EARLY LEARNING ASSOCIATION 
    127. Siyathuthuka Nursery School 
    128. South African Congress For Early Childhood Development 
    129. South African Film Institute 
    130. Southern African Youth Movement 
    131. Spotru Training Centre 
    132. SPS Consulting (Pty) Ltd 
    133. Step Up Training and Skills Development (Pty) Ltd 
    134. Sustainability Institute Trust 
    135. T Mabuya & Associates (Pty) Ltd 
    136. Takatso Educare Training and Development Services 
    137. Teachers Learning Centre PTY LTD 
    138. Tembe Service Providers 
    139. Tendazwau Trading 8 
    140. Thabelanang t/a Thabelanang Trading Enterprise 
    141. The Iscariota Group (Pty) Ltd 
    142. The Media Workshop cc 
    143. The Port Elizabeth Early Learning Centre 
    144. THUKAKGALADI INTEGRATED DEVELOPMENT PROJECT 
    145. THUSANANG TRUST 
    146. Thuto Botshabelo Training Academy 
    147. Thuto Ya Setshaba Training Services (Pty) Ltd 
    148. Tiakeni Training Centre 
    149. TLHOAFALO TRAINING CENTRE 
    150. TPN Training and Recruitment cc 
    151. Training and Resources in Early Education (TREE) 
    152. TSHEPANG EDUCARE TRUST 
    153. Ubuntu Care and Development 
    154. UNIVERSAL COLLEGE OUTCOMES SA 
    155. Vuselela FET College - Potchefstroom Campus 
    156. Winston Academy 
    157. WonderKids Academy 
    158. Wonderkids Montessori Training Centre 
    159. World Wide Education Providers(Pty)Ltd 
    160. Wozabona Early Childhood Community Service Group 
    161. Yellow Media Publishers (Pty) Ltd 
    162. Zuzulwazi Development 



    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.