2.0
Principal competency: venture ideation
2.1 Creation of a new business idea
Sub-competency description:
Recognise how an idea may be created into value including economic or social value
2.2 Definition of problem, solution & customer
Sub-competency description:
Identifying the underlying problem to be solved, the opportunity to be addressed & customer to serve
2.3 Customer-based solution development
Sub-competency description:
Use of human-centred design & other creative processes to design a solution that meets customer needs
2.4 Test a new business idea
Sub-competency description:
Design and implement techniques and tests to validate the idea
2.5 Develop a vision around a new business idea or problem
Sub-competency description:
Develop a vision of the future where the problem is solved