NZQA registered unit standard
6156 version 7
Page 1 of 3
Title
Develop options to implement a strategy to foster innovation and
entrepreneurship for a small business
Level
7
Credits
7
Purpose
People credited with this unit standard are able to develop
options to implement a strategy to foster innovation and
entrepreneurship for a small business.
Classification
Business Operations and Development > Small Business
Available grade
Achieved
Explanatory notes
1
Unit standards in the Small Business domain are about the development and
operation of a business, which could be owner-operated or could employ a small
team.
2
Assessment must be conducted in the context of a real or realistic business, and in
light of the requirements of that context. The business can be a commercial or other
enterprise, not necessarily for profit.
3
Definitions
Business’s requirements include as relevant, any requirements of the customers and/or
stakeholders.
Entrepreneurship – attempt to create value through recognition of business opportunity;
the management of risk-taking appropriate to the opportunity; and, through
communication and management skills, to mobilise human, financial, and material
resources necessary to bring a project to fruition. Entrepreneurship can include
intrapreneurship, the encouragement of entrepreneurial activity within established
organisations.
Innovation – development of new ideas or adding value to existing ideas, and bringing
them to fruition.
4
Assessment of behaviour must address:
 for professional: attitudes, qualities and behaviours;
 for ethical: widely accepted standards relating to obeying the law, being honest in
dealings, and showing respect for individuals, contracts, societal standards and
institutions;
 for socially: environmental, community and sustainability expectations;
 for culturally: interpretations wider than just ethnicity.
Outcomes and evidence requirements
Outcome 1
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
6156 version 7
Page 2 of 3
Develop options to implement a strategy to foster innovation and entrepreneurship for a
small business.
Evidence requirements
1.1
Options developed reflect the intention of the strategy and are in accordance with
the business’s requirements.
1.2
Options are capable of being implemented to foster innovation and
entrepreneurship in accordance with the business’s requirements.
1.3
A plan describes how each option will be implemented for the business in
accordance with the business’s requirements.
plan may address – technology, monitoring, review, continuous
improvement, sustainability, systems and processes, preventative
actions, risk management, professional development, business life
cycle, research and development.
Range
1.4
Behaviour is professional, ethical, and socially and culturally appropriate.
Planned review date
31 December 2020
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
22 February 1996
31 December 2015
Revision
2
12 May 1999
31 December 2015
Revision
3
8 February 2001
31 December 2015
Revision
4
12 January 2006
31 December 2015
Rollover and
Revision
5
22 August 2008
31 December 2015
Rollover and
Revision
6
20 September 2012
N/A
Review
7
19 May 2016
N/A
Consent and Moderation Requirements (CMR) reference
0113
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
6156 version 7
Page 3 of 3
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Comments on this unit standard
Please contact NZQA National Qualifications Services nqs@nzqa.govt.nz if you wish to
suggest changes to the content of this unit standard.
NZQA National Qualifications Services
SSB Code 130301
 New Zealand Qualifications Authority 2016