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 THAT HAS PASSED THE END DATE: 

Match new venture opportunity to market needs 
SAQA US ID UNIT STANDARD TITLE
119669  Match new venture opportunity to market needs 
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 2  NQF Level 02  6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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 
Learners working towards this standard will be learning towards the full qualification, or will be working within a SMME (Small, Medium, Micro Enterprise) environment, specialising in New Venture Ownership and Management, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to entrepreneurs who are seeking to develop their entrepreneurial skills so that they can become more marketable for bigger contracts, including commercial and public sector contracts, for example the Department of Public Works programmes.

The qualifying learner is capable of:
  • Identifying and describing what marketing is in relation to new venture opportunities.
  • Conducting market research.
  • Identifying market segments in relation to own venture opportunity.
  • Incorporating market research into a marketing plan.
  • Exploring product/service life cycle. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    All learners accessing this qualification must be in possession of a GETC or equivalent qualification. The learner must be competent in communication literacy at NQF level 1. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify and describe what marketing is in relation to new venture opportunities. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of a market is described, including the four P's of marketing. 
    ASSESSMENT CRITERION RANGE 
    The four P's of marketing include Price, Promotion, Place and Product.
     

    ASSESSMENT CRITERION 2 
    A market is described in relation to supply, demand and pricing, utilising examples. 

    ASSESSMENT CRITERION 3 
    The importance of the value addition of a proposed business in relation is explained in relation to the market. 

    ASSESSMENT CRITERION 4 
    Factors that influence markets are explained in the context of proposed business venture. 
    ASSESSMENT CRITERION RANGE 
    Factors that influence markets include but are not limited to the South African economy, trends and developments within the particular new venture industrial context, competition, location, timing.
     

    ASSESSMENT CRITERION 5 
    Differentiations between product and service marketing are identified and explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Market segmentation includes but is not limited to specific projects, geographical location, income brackets, age, gender, ethnic, community.
     

    ASSESSMENT CRITERION 6 
    The concept of market segmentation is explained with examples. 

    ASSESSMENT CRITERION 7 
    The concept of competition is explained in relation to the marketing function. 

    SPECIFIC OUTCOME 2 
    Conduct market research. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The importance of market research is explained in relation to proposed new venture. 

    ASSESSMENT CRITERION 2 
    Market research techniques are identified and explained in context of proposed new venture. 
    ASSESSMENT CRITERION RANGE 
    Market research techniques include but are not limited to formal and informal research including basic questionnaires, community research, intelligence gathering exercises.
     

    ASSESSMENT CRITERION 3 
    Market research tools are identified and utilised to determine viability of new venture. 

    ASSESSMENT CRITERION 4 
    Market research is conducted and factual information is gathered and interpreted in relation to own business. 

    ASSESSMENT CRITERION 5 
    Viability of new venture is determined according to market research findings. 

    SPECIFIC OUTCOME 3 
    Identify market segments in relation to own new venture opportunity. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Own product/service requirements are analysed in relation to the identified target market. 

    ASSESSMENT CRITERION 2 
    Customers are segmented according to business goals. 

    ASSESSMENT CRITERION 3 
    The competition to new venture opportunity is identified and analysed to determine the threats they may present. 

    ASSESSMENT CRITERION 4 
    The changes that may be required to increase competitiveness of new venture are identified and explained in accordance with competitor analysis and market research. 

    SPECIFIC OUTCOME 4 
    Incorporate market research into a marketing plan. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The elements of a marketing plan are outlined and described according to own business context. 

    ASSESSMENT CRITERION 2 
    New venture opportunity is analysed and marketing plan compiled in accordance with the Four P's of marketing. 

    ASSESSMENT CRITERION 3 
    Measurement tools to evaluate success of marketing plan are identified and included in plan. 

    ASSESSMENT CRITERION 4 
    Action goals are outlined and implemented, with timeframes. 

    ASSESSMENT CRITERION 5 
    Reasons and methods for evaluating and modifying marketing plan are explained and implemented in the context of market research results. 

    ASSESSMENT CRITERION 6 
    Marketing plan is integrated into business. 

    SPECIFIC OUTCOME 5 
    Explore product/service life cycle. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of a product/service life cycle is explained with examples. 

    ASSESSMENT CRITERION 2 
    Growth opportunities for new venture are identified and explained with typical examples of how this can be achieved. 

    ASSESSMENT CRITERION 3 
    Trends and developments in relation to product/service are monitored and product/service life cycle is determined accordingly. 

    ASSESSMENT CRITERION 4 
    Plans are made to ensure that business venture is aligned to product/service life cycle. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • The principles and skills of marketing.
  • The product/service life cycle.
  • Basic principles and techniques for conducting market research.
  • The four P's of marketing as they relate to new ventures.
  • The basic principles for compiling a marketing plan and how this forms part of an overall business plan. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes to conduct market research, compile marketing plan and explore the product/service life cycle of a potential new venture. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to identify and compile a marketing plan based on community/industrial needs. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to gather data, compile and develop a marketing plan. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and crtically evaluate marketing information in order to put a sound marketing plan together. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to compile marketing plan. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring all marketing and product/service life cycle data is effectively incorporated into marketing plan. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that marketing problem-solving contexts do not exist in isolation. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by analysing all aspects of market segments in relation to own new venture opportunity. 

    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 
    Articulation possibilities:

    This unit standard will enable a learner to articulate to other qualifications in the generic management field, marketing field and financial services field. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49648   National Certificate: New Venture Creation (SMME)  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Core  64909   National Certificate: Small Scale Mining  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  MQA 
    Elective  50584   General Education and Training Certificate: Clothing Manufacturing Processes  Level 1  NQF Level 01  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FPMSETA 
    Elective  58144   National Certificate: Music Industry Practice  Level 2  NQF Level 02  Passed the End Date -
    Status was "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. 1 Classie Africa 
    2. 1ST BLACK RAND GROUP PTY LTD 
    3. A Z COMMUNITY SERVICES 
    4. ABVAHO PHANDA GROUP PTY LTD 
    5. ACADEMY OF TRAINING & DEVELOPMENT PTY LTD 
    6. Advanced Assessments and Train 
    7. African Apex Apparel (Pty) Ltd 
    8. ALABASTER TRAINING CENTRE PTY LTD 
    9. AMOS / KGAPHAMADI COMMUNITY ORGANISATION 
    10. ARANDA LEARNERSHIP COLLEGE PTY LTD 
    11. Arden School of Management (Pty) Ltd 
    12. ASSURED VOCATIONAL SKILLS INSTITUTE PTY LTD 
    13. BOKAPHITHI SKILLS AND DEVELOPMENT PTY LTD 
    14. BT GROUP OF COMPANIES PTY LTD 
    15. CANDYS UNLIMITED COLLECTION Pty Ltd 
    16. CAPE TOWN WORKBASED LEARNING ACADEMY 
    17. CHANROSE TRAINING AND DEVELOPMENT PROJECTS 
    18. Cre8tion Projects 6 PTY LTD 
    19. Cumlaude Institute (PTY) Ltd 
    20. Dlamini The Siba PTY LTD 
    21. DURBAN OVERALL PTY LTD 
    22. EKURHULENI ARTISANS & SKILLS TRAINING CENTRE PTY LTD 
    23. ENERHU BUSINESS ENTERPRISE PTY LTD 
    24. Esayidi FET College - Central Office 
    25. Furniture World Training Centre 
    26. FUTURE DISCOVERY TRAINING ACADEMY 
    27. GLICAM TRADING ENTERPRISE 
    28. GNBR SOLUTIONS PTY LTD 
    29. Green Earth Training & Development (Pty) Ltd 
    30. Greenrim Training 
    31. HLUVUKA TRAINING AND CONSULTING 
    32. HOSEAH TRADING 
    33. Impela Trading cc 
    34. INTERMASIKO CC 
    35. INTUTHUKO YESIZWE COMMUNITY ORGANISATION NPO 
    36. INYAPA VHUSIKU CONSULTING PTY LTD 
    37. ITHEMBA LOMPHAKATHI COMMUNITY ORGANISATION 
    38. Kelmik Training Centre (Pty) Ltd 
    39. Knoop Academy NPC 
    40. LERIBE TRAINING SOLUTIONS 
    41. LOKO TRADING PTY LTD 
    42. Longata Consultant 
    43. MAJUBA TVET COLLEGE 
    44. MALKAI DEVRANI HOLDINGS PTY LTD 
    45. MASTER PATTERNS BY RONA 
    46. Meals on Wheels Community Services - South Africa 
    47. Mnambithi TVET College 
    48. Modiehi Consulting & Projects (Pty) Ltd 
    49. NDIMASE TRADING 
    50. NDIPHA FASHION DESIGNS 
    51. Ngaphakathi Investments 
    52. Ngcebo Consulting (Pty) Ltd 
    53. NOKUSHOM CONSULTANCY & TRADING PTY LTD 
    54. Nolwazi Dev Centre (Pty) Ltd 
    55. NOMAGWANISHE INVESTMENTS 
    56. Nurture-Nature Resources (Pty) Ltd 
    57. Optimi Workplace 
    58. PERENNIAL SERVICES PTY LTD 
    59. PEREZ DEVELOPMENT AND TRAINING 
    60. PINUS TECH TECHNOLOGIES TRADING AND PROJECTS 
    61. POLOKWANE SCHOOL OF FASHION AND DESIGN 
    62. PRACTICE MAKES PERFECT TRAINING CENTRE PRIMARY CO-OPERATIVE LIMITED 
    63. Premier Agric (Pty) Ltd 
    64. Redefined Skills Training & Development (Pty) Ltd 
    65. SHUMISANANI DRESSMAKING SCHOOL 
    66. Signa Academy 
    67. SINOVUYOLETHU TRADING PTY LTD 
    68. SOUTH AFRICAN FASHION DESIGNER AGENCY CC 
    69. SPLS CONSULTANTS PTY LTD 
    70. Tebkhan Investments (Pty) Ltd 
    71. THANDEKA VOCATIOL EDUCATION TRUST PTY LTD 
    72. The Brokers Learning Centre 
    73. THE FINISHING COLLEGE PTY LTD 
    74. The Institute of Fashion and Garment Technology (Pty) Ltd 
    75. THUBELIHLE GRADUATE INSTITUTE 
    76. THUTO MFUNDO ADULT EDUCATION CENTRE 
    77. TOBAKA LOGISTICS 
    78. Trade Call Investments Apparel (Pty) LTD 
    79. Trade Call Investments Apparel (Pty) Ltd (Mobeni) 
    80. TRADE CALL INVESTMENTS PTY LTD 
    81. Training Force (Pty) Ltd (Durban) (TP) 
    82. TRUE REFLECTIONS TRAINING AND DEVELOPMENT PTY LTD 
    83. Try Easy Electrical Solutions 
    84. Tshwane North College 
    85. U AND G TRAINING (PTY) LTD 
    86. U AND G TRAINING PTY LTD 
    87. UMBUSO TRAINING SERVICES 
    88. VCK TRAINING AND TECHNICAL SERVICES PTY LTD 
    89. VEB CELE & ASSOCIATES PTY LTD 
    90. Vijay Bhagwan Consultancy and Solutions cc 
    91. VINE APPAREL (PTY)LTD 
    92. VPK BUSINESS VENTURE C C 
    93. WORKPLACE AND ENTREPRENEURSHIP TALENT SOLUTIONS 
    94. Yenza Umehluko/ Make a Difference 
    95. ZA GEAR 
    96. ZERO1ZERO5 GROUP PTY LTD 


    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.