NTUC LearningHub

Upon completing this course, participants will be able to:

  • Apply information from appropriate sources in planning for new business opportunities
  • Conduct environmental scan in identifying potentials in business in order to achieve organisational objectives
  • Conduct customer need analysis in determining market demand
  • Evaluate business opportunities through identifying criteria for development
  • Consolidate information prepared for implementation of a business plan
  • Evaluate business plans in alignment with the identified opportunities and plans

 

Pre-requisites

 

The admission requirements are:

  • Able to listen and speak English at a proficiency level equivalent to the Workplace Literacy Level 4
  • Able to read and speak English at a proficiency level equivalent to the Workplace Literacy Level 4
  • Able to use Numeracy skills at a proficiency level equivalent to the Workplace Numeracy Level 4

 

Course Outline

 

LU1: Introduction to business concepting and identification of viable business opportunities

  • Understand factors and step to business visualisation
  • Gathering and Extractomg information from reliable sources to analyse market potential

 

LU2: Understand the economic factors in the potential market

  • Establishing mechanism of industry, stakeholders, customers, competitors
  • Conducting environmental scan to identify internal and external factors that impact organisational objectives

 

LU3: Conduct market segmentation and analysis of customer demographics

  • Establishing customer profile and needs
  • Determining market demand

 

LU4: Evaluate business opportunity

  • Identifying criteria for evaluation of business opportunities
  • Consolidating information prepared for the implementation of the business plan

 

LU5: Implementing the business plan

  • Formulating unique selling proposition
  • Developing, planning and implementing new business plans with clear value proposition
  • Forecasting financial performance and establishing costs

 

Certificate Obtained and Conferred by

 

Upon meeting the attendance and assessment(s) criteria, participants will be awarded with a digital Statement of Attainment (SOA), accredited by SkillsFuture Singapore. SOA will be reflected as [code name i.e., RET-PNI-4002-1.1 Business Opportunities Development]

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  • NTUC LearningHub
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Location
  • NTUC Trade Union House, 73 Bras Basah Road. S.189556, Singapore, Central Singapore Community Development Council 189556

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