Identify the composition of a selected new venture’s industry/sector and its procurement systems – Unit Standard 119667



This Module is intended for Learners who will be working within a SMME (Small, Medium, and Micro Enterprise) environment, specializing in New Venture Ownership and Management. It 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. Learners competent in Module are able to identify the structures within a selected industry or sector, the business principles and processes.

Specific Outcomes

  1. Identify and analyse the value chain within a selected industry or sector.
  2. Identify the business principles and processes within a selected sector or industry environment.
  3. Demonstrate an understanding of different procurement systems that may apply in specific sector/industry.