Gift BSBINT401 Assessment V6.1217.pdf - BSBINT401 Research international business opportunities ASSESSMENT COVER SHEET STUDENT ID STUDENT NAME First

Gift BSBINT401 Assessment V6.1217.pdf - BSBINT401 Research...

This preview shows page 1 out of 9 pages.

Unformatted text preview: BSBINT401 Research international business opportunities ASSESSMENT COVER SHEET STUDENT ID STUDENT NAME First Name: Supawan (Gift) 90495 Last Name: Boonpokkrong Student’s Declaration: Students please note: By submitting this assessment, you are acknowledging and agreeing to the following conditions. Please complete all assessment tasks, save, and upload in Moodle for grading. Please view the videos on submitting work through Moodle in the FAQ section of your VET Orientation course. Check Moodle grades and feedback on your submission. You will receive an email notification when your assessment has been graded. Please check the boxes below acknowledging and agreeing to the following conditions. I have read and understood the details of the assessment. I have been informed of the conditions of the assessment and the appeals process and understand I may appeal if I believe the assessment is not equitable, fair or just. I agree to participate in this assessment, and I am ready to be assessed. I certify that the attached is my own work (or in collaboration with other members of the group as required). I have acknowledged all sources where appropriate in accordance with ILSC’s Academic Integrity Policy, and I believe other group members have done the same. Assessor’s Acknowledgement: Please verify each of the following principles of assessment by placing a tick in each box. Refer to the assessor's handbook for further information if required. Authentic: The assessor is assured that the evidence presented for assessment is the learner’s own work. Valid: The assessor is assured that the learner has the skills, knowledge and attributes as described in the module or unit of competency and associated assessment requirements. Current: The assessor is assured that the assessment evidence demonstrates current competency. This requires the assessment evidence to be from the present or the very recent past. Sufficient: The assessor is assured that the quality, quantity and relevance of the assessment evidence enable a judgement to be made of a learner’s competency. ILSC Business College BSBINT401 Assessment V5.0917 Page 1 of 9 Reference Only - your trainer will complete this Observation checklist on Moodle Observation checklist for the presentation – Task 3 Student Name Click here to enter text. Trainer/Assessor Name Click here to enter text. Unit code and name Date Click here to enter a date. BSBINT401 Research international business opportunities Tasks to be observed Satisfactory Not satisfactory Participation in verbal and non-verbal exchanges using appropriate language ☐ ☐ Sought the views and opinions of others by listening and questioning ☐ ☐ Used a range of sources of information and could explain how these were applicable to the context and content ☐ ☐ Evaluated the viability of the opportunity presented ☐ ☐ Demonstrated good research and analysis skills in relation to the sourcing and synthesis of information ☐ ☐ Justification of the quality of information used ☐ ☐ Uses logically sequenced steps to plan and implement tasks required to achieve outcomes ☐ ☐ Uses analytical techniques to assess skills, competencies and risks associated with opportunities ☐ ☐ Offer an opportunity for feedback or clarification on the business opportunity presented. ☐ ☐ The candidate’s performance was: Not satisfactory ☐ Satisfactory ☐ Feedback to candidate: Click here to enter text. Student Signature ILSC Business College Click here to enter text. Assessor Signature BSBINT401 Assessment V5.0917 Click here to enter text. Page 2 of 9 Assessment Task 1 Legal Report You are required to research local and international pieces of legislation (as listed below) that may have influence on business opportunities and operations in the international market. The legislation and law required to be researched are: International Commercial Terms (INCOTERMS) Trade modernisation legislation: o Customs Legislation Amendment and Repeal Act o Import Processing Charges Act o Customs Depot Licensing Charges Amendment Act Trade Practices Act Warsaw Convention World Trade Organization determinations Information can be provided in a summary or in a bulleted list format, and should not exceed one page per piece of legislation examined. A template is on the next page for completion. ILSC Business College BSBINT401 Assessment V5.0917 Page 3 of 9 Legislation (a) Who created the law (which authority)? (b) What is the full name of the law, and where can the most current version be accessed? (c) What is the general intent or purpose of the legislation? (d) What sections are specifically relevant to engaging in international business opportunities? (e) What are the implications of these sections for international business opportunities? International Commercial Terms (INCOTERMS) The purpose of Incoterms It defines is to provide the trade a setcontract of law international responsibilities “Incoterms” rulesisfor an and the import/export, liabilities interpretation between buyer/seller of the buyer mos the International Chamber International of Commerce Commercial (ICC) Terms relating to international commercial Customs Legislation Amendment and Repeal Act The Parliament Customs of the Commonwealth Legislation Amendment of Australia Repeal (International Trade Modernisation) Actrelation 2001Service The objective isand to modernise • introduce the way newincompliance which the Australian The measures proposed Customs in sections to confer the reporting manages powersand the on mo acc aut Import Processing Charges Act The Parliament ofImport the Commonwealth Processing Charges of Australia ActProcessing 2001 The Import •Charges Imposition Actofimposes import processing the relevant Import charges charge processing and • Amounts sets charges outofthe import areamounts charges processin paya for s Customs Depot Licensing Charges Amendment Act The Parliament of the the Customs Commonwealth Depot Licensing of purpose Australia Charges ActThe 1997 The is to implement Customs part of the Depot Government’s Licensing Warehoused Charges responseAmendment togoods the Joint declaration Review Bill 2015fee: of(Depot Border Wareho Lice Fe ILSC Business College BSBINT401 Assessment V5.0917 Page 4 of 9 Trade Practices Act This Act is a Act federal law According that dealstowith the almost ACCC'sallguide parts Under toofthe theTrade Act, marketplace businesses Practices including Act arefor bound unfair businesses bymark laws The Parliament ofThe the Competition Commonwealth and of Consumer Australia 2010 (CCA) Warsaw Convention it was signed in 1929 TheinConvention Warsaw (Poland) foritthe is an Unification byinternational 31 states of certain convention It covers rules relating which conditions regulates to international of carriage liability thethat carriage for international international • define by air liability civilcarriage aviation of theofagreement carrier persons, in case lugg tha World Trade Organisation determinations WTO is an international The World agency Trade withOrganization 162 The member WTO's main (WTO) countries functions the WTO are toalso provide handles a forum trade fordisputes, The negotiations WTOmonitors agreements to reduce tradeare barriers policies, lengthy toprovides internatio and com te ILSC Business College BSBINT401 Assessment V5.0917 Page 5 of 9 Assessment Task 2 Feasibility Report Instructions to Student:Step One - You will need to choose any product listed on the Australian made website < ; that is suitable to be developed through an offshore business licensing model. Step Two - You will then need to complete a feasibility report focused on two key areas: processes and skills analysis risk and support services analysis. 1. Identify the product you have chosen from the Australian Made website, and briefly describe why you chose this product. Founded in 2014, “Kelapa” is the newest range of natural skincare from “Kelapa”, one of the biggest manufacturers in skincare industry. However we do not view our youth as a weakness, on the contrary, our youth is associated with our two most valued attributes: innovation and naturalness. We dare to create the unconventional. Our team of master scientists have been tried and chosen ingredients from prestigious and new distinctively plants from all around the world. While we value the benefits of these plants, we place an even higher value on their fine for innovation and enterprise. Kelapa”is first range product in Australia to contain tamanu oil from tamanu tree. select only the 2. Select the a specific target market and discuss the relevant cultural aspects of We your choice. finest tamanu seeds available, grow in the high quality laboratory and particularly extract process to get the effective tamanu oil. With expertly factories by Eywa, we currently manufacture and distribute exclusive The target audience for Kelapa”care range are women who are aware of the harmful chemicals used in natural, partly natural and chemical substance skincare products. beauty products and are interested in taking care of their beauty with natural ingredients. - Female working class and wives of professionals. - Women who work and face the symptoms of aging such as wrinkles, dark spots, dark circles due to stress of work and other responsibilities. - Women who can afford to take necessary care of their skin - Earn about $6000-7000 every month. -3.Also women are housewives and have to take care of their skins as they Explain thewho common measures you willmore use time to make your recommendations onfulfill this their business responsibilities. -opportunity Aged 25-54. - Market factor recommend “Kelapa” Level of involvement “Kelapa” is a cosmetic brand in Australia. “Kelapa” are involvement in skin care, cosmetic, skin product. All product reach both men and women customer. - Product usage and lifecycle “Kelapa” usage in daily life including morning and before bed product. Beauty products are thriving the market and media wherever we can see. However, the success of each product depends on how well its marketing is being done. We see many beauty products that come with a list of pros and a relatively shorter list of cons. The cons although are hidden from the customers and the competitors that beat those cons boast their products’ superiority in advertisements. This is a good strategy if we aim to market for “Kelapa” because the “no con” fact gives it superiority to its counterparts. - Advertising message characteristics “Kelapa” message present the natural of product. To the audience that will need for their body.Product - Characteristics “Kelapa” ingredient are include organic ingredient, chemical – free and natural.“Kelapa” products are excellent value for money and more reasonably priced than its competitor’s products.“Kelapa” is 100% Australian. ILSC Business College BSBINT401 Assessment V5.0917 Page 6 of 9 - Competitive situation The beauty industry being highly competitive and vast makes the brands to come up 4. Identify and briefly describe the relevant legislation that may affect this business opportunity. -International commercial terms or INCOTERMS are a series of sales terms that are used by businesses throughout the world and contain legislation which may impact the transporting of this product. -The Australian Consumer Law (ACL) provides regulations on unfair contract terms, consumer rights guarantees, product safety laws, unsolicited consumer agreements, lay-by agreements and penalties, and other areas. -Australia has a national statutory framework to regulate product safety and information standards. These standards are designed to ensure harmful products are not marketed in Australia. The standards are enforced by the Australian Competition and Consumer Commission (ACCC). -Fair trading Legislations are also involved in the enforcement of product safety rules. -The Australian Government, state and territory governments, and local governments jointly administer environmental protection. -Australian Government legislation governs the process of assessment and approval of national environmental and cultural concerns. 5. Complete a short written report (minimum 500 words) describing the: State and territory environmental protection legislation apply to specific business activities. -Australia has national privacy legislation, overseen by the Office of the Australian Information a) processes required to establish the international business opportunity Commissioner (OAIC), that regulates how businesses can collect, access, and store personal information and communication. There are specific requirements on the management of sensitive information, such as b) records. skills required by personnel in country and the personal skills needed to manage this medical -The legislation applies to a number of different activities and sectors. Australian states and territories also business opportunity have individual privacy laws that may apply in the workplace and affect doing business in each jurisdiction. c) principles of risk management associated with this business opportunity d) support services that may be needed to be accessed. a.) processes required to establish the international business opportunity “Kelapa” is committed to becoming the leader in the Australian market for premium quality skincare and maintaining a company culture which breeds continuous improvement. We have established a solid stronghold in the rapidly growing 'green skincare' arena and are poised for growth. I would take the following into consideration when starting a business. 1. Review the Economic climate Know the current climate in the country you are setting up the business. 2. Have a superb knowledge of the industry You might not always have to be an expert in the specific industry you're looking to enter, but you should remember that bringing in managerial help will add to start-up costs. 3. Put money into Market Research Spend a significant amount of time analysing local spending habits, as well as how much time, energy, and capital will be dedicated to marketing your products or services. If feasible, try setting up a trial run or conducting surveys before investing very much capital. 4. Consider Language Barriers If your business will cater to other foreigners, this might not be much of an issue. However, being able to easily converse with the local population will make launching your venture much more straightforward. 6 - The Incorporation Process The International Finance Corporation and the World Bank have a page that compares the costs, amount of time, and number of procedures involved with forming a business in 183 countries around the world. b.)- Communication skills - Interpersonal skills - Management skills - Leadership skills - sales and marketing; - accounts; - human resources; and - information technology (IT). c.) -Exporting means more opportunities, but also entails greater risks. For example: ILSC Business College BSBINT401 Assessment V5.0917 -Political risk Page 7 of 9 Assessment Task 3 Product Licensing and Presentation Instructions to Student:You must identify a product suitable for offshore licensing, complete a feasibility study and present a report to a group (or simulated group) of business investors. As part of the presentation, candidates will need to seek feedback on the business opportunity they have presented. You are required to provide a supporting document for the presentation that contains: the research undertaken to investigate the business opportunity the sources of information that were accessed a risk review of the business opportunity an analysis of their own skills, referenced against the business opportunity the summary findings of all research a viability decision regarding the business opportunity. You are required to: 1. Identify the product chosen, explain why the identified product has been chosen and who owns the intellectual property of the product. 2. Develop a PowerPoint presentation and a report describing: a) the product and how it was chosen b) the research undertaken to investigate the business opportunity, including relevant legislation c) the sources of information that were accessed d) a risk review of the business opportunity e) an analysis of their own skills, referenced against the business opportunity f) a summary of findings (research) g) a viability decision regarding the business opportunity. ILSC Business College BSBINT401 Assessment V5.0917 Page 8 of 9 3. Deliver the presentation (10 minutes duration) and make available your printed report for review. 4. Offer an opportunity for feedback or clarification on the business opportunity presented. Important Note to Student - To present the PowerPoint Slides, book a time with your Trainer/Assessor. ILSC uses a 3rd party plagiarism checker Upload your report and presentation with this completed assessment on Moodle. ILSC Business College BSBINT401 Assessment V5.0917 Page 9 of 9 ...
View Full Document

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture