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. Adelaine Training Solutions Pty Ltd 
    3. Amogelang Marketing and Training 
    4. Aubrey Nyiko Business Enterprise cc 
    5. Avax Training & Development 
    6. Big Fish School of Digital Filmmaking (Pty) Ltd 
    7. Boikgantsho Consulting & Events cc 
    8. Boitjhorisong Resource Centre 
    9. BOLAND COLLEGE 
    10. Botshabelo 
    11. Brain Boosters Business Education (PTY) LTD 
    12. Brainwave Projects 1997 CC 
    13. Browers Entertainment 
    14. Candy Nxusani Trading 
    15. Centre for Creative Education/Iziko Labantu be Afrika 
    16. College of Cape Town - Athlone Campus 
    17. Comfortable Tech 
    18. Compass Academy of Learning 
    19. Custoda Trust 
    20. D M Management and Consulting 
    21. DEVELO CC 
    22. Dintshang Trading 
    23. Directflo 
    24. Early Inspiration 
    25. Early Learning Resource Unit (ELRU) 
    26. EASTCAPE MIDLANDS COLLEGE BUSINESS UNIT (Uitenhage) (WA) 
    27. EBENEZER TRAINING HOUSE FOR EARLY LEARNING 
    28. Edu Experts SA 
    29. Edu P Earl Education For Practitioners in Early Childhood Development (Pty) Ltd 
    30. EDU-Bless College 
    31. Edu-Build Institute 
    32. EDUTAK PRE-SCHOOL TRAINING AND DEVELOPMENT 
    33. Elective Training Institute Enterprise CC 
    34. Elgin Community College 
    35. Enjo Consultants 
    36. Environment and Language Education Trust 
    37. Esigangeni General Trading 
    38. Eskilz College (Pty) Ltd 
    39. Falcon Business Institute (Pty) Ltd 
    40. FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE 
    41. FILM Mentorship & Training 
    42. Footprint Media academy Pty ltd 
    43. FURNITURE WORLD TRAINING CENTRE 
    44. Future Families Enterprise (Pty) Ltd 
    45. Future Performance Training and Development 
    46. Future-Teacher (Pty) Ltd 
    47. Gauteng Baobab Early Learning Training Programme 
    48. Golang Kulani ELC 
    49. Goldfields TVET College 
    50. Grassroots Adult Education and Training Trust 
    51. GWALA TRAINING SERVICES 
    52. HEIRS TRAINING AND DEVELOPMENT PTY LTD 
    53. HOPE ACADEMIC AND SKILL CENTRE 
    54. HUGENOTE COLLEGE 
    55. ICM t/a Institute for Career Management 
    56. Igugu Training and Investments 
    57. Ikusasa Lothisha t/a ECD Training Provider 
    58. Institute of Professional Studies and Services 
    59. Isamon Vocational College of Excellence Pty Ltd 
    60. Isibani Skills Academy 
    61. Isibani Soluntu Development Trust 
    62. Itireleng Bokamoso Trading Development Services and Associates 
    63. Jabulani Training & Development 
    64. Jacobs Well Village NPC 
    65. Josmap Training Institute 
    66. Katehong Early Learning Resourse Unit (KELRU ) 
    67. Keletsong Community Training & Resource Centre 
    68. Kgang-Kgolo Consulting 
    69. KHANIMAMBA TRAINING AND RESOURCE CENTRE 
    70. Khululeka Community Education Centre 
    71. Kids Academy 
    72. Kitso Bokamoso Training Solution 
    73. KITSO TRAINING AND DEVELOPMENT 
    74. Klein Karoo Resource Centre 
    75. Legacy Leap Skills Developmemt Institute (Pty) Ltd 
    76. Leratham Supply Distribution and Enterprise 
    77. Leronsa Trading Enterprise 
    78. LESEDI EDUCARE ASSOCIATION 
    79. Lesias Educational Services 
    80. Li Lichule Trading cc 
    81. Little Elephant Training Centre For Early Educationt/a LETCEE 
    82. Loago Business Consulting 
    83. Lynne Hobbs cc 
    84. Majahd Educational Services Multi-Purpose Primary Co-operative Limited 
    85. MASIKHULE EARLY CHILDHOOD DEVELOPMENT CENTRE 
    86. Mass Computer Training and Printers 
    87. MATHS CENTRE INCORPORATING SCIENCES 
    88. MENTORNET (PTY) LTD 
    89. Mochochonono Training Solutions cc 
    90. Motheo Training Institute Trust 
    91. MTL Training and Projects 
    92. NATAL EARLY LEARNING RESOURCE UNIT TRUST 
    93. Ndimeni Construction and Maintenance cc 
    94. Ndoma Mathodi Trading Enterprise 
    95. Netgrow Training Solutions 
    96. Networx for Career Development 
    97. New Beginnings Training and Development Organisation 
    98. Next Step Academy (Pty) Ltd 
    99. Nkqubela Community Developers 
    100. Noni Community Development 
    101. Northern Cape Rural TVET College 
    102. Northern Cape Urban College: Kimberley Campus 
    103. Northlink College 
    104. Northshore Trading 19CC t/a Makakhaunye Training and Development Agency 
    105. NTATAISE TRUST 
    106. Ntevho-Ketso Training and Recruitement Consultancy cc 
    107. Ntsangalala Business Enterprise 
    108. Orbit FET College - Central Office 
    109. Palat Rophe Skills and Training (PTY) LTD 
    110. Peddie Development Centre 
    111. People Upliftments t/a POPUP Upliftment 
    112. Petra institute of Development (PTY) Ltd 
    113. PHAKAMANI AGENCY CC 
    114. PMA Holding (Pty) Ltd 
    115. PND Academy of Learning cc 
    116. Pro-Ed Training 
    117. PROFESSIONAL CHILD CARE COLLEGE PTY LTD 
    118. Professional Development and Training Institute (Pty) Ltd 
    119. Rampadise Education Training & Development Centre 
    120. Read Educational Trust 
    121. Realeboga Development Services 
    122. Realeboga-Bakubung Training and Development Agency 
    123. Regen Institute of Leadership and Management Education 
    124. REGIONAL EDUCARE COUNCIL 
    125. Retshetse Training Project 
    126. Rhodes University 
    127. Right 4 u College 
    128. Safe and Sound Learning Association 
    129. SANTS College 
    130. Siragelaphambili Abet Skills Development 
    131. Sisazi Consulting 
    132. SITHUTHUKILE TRUST 
    133. Siyahluma Education Institute 
    134. SIYATHELA EARLY LEARNING ASSOCIATION 
    135. South African Congress For Early Childhood Development 
    136. South African Film Institute 
    137. South Cape Public FET College - George Campus 
    138. Southern African Youth Movement 
    139. Spotru Training Centre 
    140. SPS Consulting (Pty) Ltd 
    141. Sustainability Institute Trust 
    142. T Mabuya & Associates (Pty) Ltd 
    143. Takatso Educare Training and Development Services 
    144. Teachers Learning Centre (Pty) Ltd 
    145. Tembe Service Providers 
    146. Tendazwau Trading 8 (PTY) LTD 
    147. Thabelanang t/a Thabelanang Trading Enterprise 
    148. The Iscariota Group (Pty) Ltd 
    149. THE MATTHEW GONIWE SCHOOL OF LEADERSHIP AND GOVERNANCE 
    150. The Port Elizabeth Early Learning Centre 
    151. Thembekile training consulting 
    152. THUKAKGALADI INTEGRATED DEVELOPMENT PROJECT 
    153. THUSANANG TRUST 
    154. Thuto Ya Setshaba Training Services (Pty) Ltd 
    155. Thuto-Botshabelo Training and Projects (Pty) Ltd 
    156. Tiakeni Training Centre 
    157. Training and Resources in Early Education (TREE) 
    158. TRAINING AT WORK PTY LTD 
    159. TSHEPANG EDUCARE TRUST 
    160. Ubuntu Care and Development 
    161. UKWAKHILE TRAINING 
    162. UNIVERSAL COLLEGE OUTCOMES SA 
    163. Vala Nge Bhetshu Human Capital Development (Pty) Ltd 
    164. VEB CELE & Associates (Pty) Ltd 
    165. Vuselela TVET College 
    166. Waterberg TVET College 
    167. Winston Academy 
    168. World Wide Education Providers(Pty)Ltd 
    169. Woz'obona Early Childhood Community Service Group 
    170. Yellow Media Learning Institute (Pty) Ltd 
    171. 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.