BASIC BUSINESS PRINCIPLES

Unit 1: Utilize machinery, equipment, materials and time

• Demonstrate an understanding of the impact of quality customer service on profitability. 
• Generate and consider options and possibilities for improving the profitability of an operation within a simulated environment, making recommendations on new methods and/or technologies that will enhance competitiveness. 
• Identify and explain methods for ensuring cost-effective utilisation of allocated resources. 
• Suggest methods to be used to combat cost overruns with respect to a given budget. 
• Explain how an individual’s actions impact organisational profit and/or loss and cash flow. 
• Describe the impact of new technologies on the budget of an organisation. 
• Describe relationships between the stakeholders in a business and how that will impact an organisations’ success. 

Unit 2: Identify and apply goals aligned to the work situation which reflect the organisational goals

• Demonstrate an understanding of the impact of quality customer service on profitability. 
• Generate and consider options and possibilities for improving the profitability of an operation within a simulated environment, making recommendations on new methods and/or technologies that will enhance competitiveness. 
• Identify and explain methods for ensuring cost-effective utilisation of allocated resources. 
• Suggest methods to be used to combat cost overruns with respect to a given budget. 
• Explain how an individual’s actions impact organisational profit and/or loss and cash flow. 
• Describe the impact of new technologies on the budget of an organisation. 
• Describe relationships between the stakeholders in a business and how that will impact on an organisations’ success.

Unit 3: Maintain and enhance organisational image and customer service (both internal and external).

• Demonstrate an understanding of the impact of quality customer service on profitability.
• Generate and consider options and possibilities for improving the profitability of an operation within a simulated environment, making recommendations on new methods and/or technologies which will enhance competitiveness.
• Identify and explain methods for ensuring cost-effective utilisation of allocated resources.
• Suggest methods to be used to combat cost overruns with respect to a given budget.
• Explain how an individual’s actions impact on organisational profit and/or loss and cashflow .
• Describe the impact of new technologies on the budget of an organisation.
• Describe relationships between the stakeholders in a business and how that will impact on an organisations’ success.

Unit 4: Identify and anticipate customer’s requirements.

• Demonstrate an understanding of the impact of quality customer service on profitability. 
• Generate and consider options and possibilities for improving the profitability of an operation within a simulated environment, making recommendations on new methods and/or technologies which will enhance competitiveness. 
• Identify and explain methods for ensuring cost-effective utilisation of allocated resources.
• Suggest methods to be used to combat cost overruns with respect to a given budget.
• Explain how an individual’s actions impact on organisational profit and/or loss and cashflow.
• Describe the impact of new technologies on the budget of an organisation.
• Describe relationships between the stakeholders in a business and how that will impact on an organisations’ success.

Unit 5: Select and implement the most effective business solution.

• Demonstrate an understanding of the impact of quality customer service on profitability.
• Generate and consider options and possibilities for improving the profitability of an operation within a simulated environment, making recommendations on new methods and/or technologies which will enhance competitiveness. 
• Identify and explain methods for ensuring cost-effective utilisation of allocated resources.
• Suggest methods to be used to combat cost overruns with respect to a given budget.
• Explain how an individual’s actions impact on organisational profit and/or loss and cashflow. 
• Describe the impact of new technologies on the budget of an organisation.
• Describe relationships between the stakeholders in a business and how that will impact on an organisations’ success.