Small Business Enterprise: Analysis and Recommendations

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SMALL BUSINESS ENTERPRISE
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SMALL BUSINESS ENTERPRISE
Table of Contents
Task 1..........................................................................................................................................................3
Produce a profile of a selected small business identifying its strengths and weaknesses.............................3
Carry out an analysis of the business using comparative measures of performance....................................4
Task 2..........................................................................................................................................................4
Recommend with justification, appropriate actions to overcome the identified weaknesses in the business
.................................................................................................................................................................... 4
Analyse ways in which existing performance could be maintained and strengthened.................................6
Recommend with justification, new areas in which the business could be expanded..................................7
Task 3..........................................................................................................................................................8
Produce an assessment of existing business objectives and plans of your SBE. What are good and bad
points of their existing business objectives and exiting plans of your SBE and why do you think so?........8
Based on your assessment in Task 3.1, prepare a revised business plan to incorporate appropriate changes
to overcome weaknesses of the existing plan. Use appropriate theories and business models to support
these changes...............................................................................................................................................9
Based on your revised plan in 3.2, prepare an action plan to implement the changes you identified in order
to strengthen the performance of your SBE. Use appropriate change management theories and models to
implement the proposed changes...............................................................................................................11
Task 4........................................................................................................................................................12
In task 3, you have proposed some major changes for the SBE. Now write a report on the impact of those
changes on the operations of your SBE and its personnel..........................................................................12
Plan how you would manage those proposed changes in your SBE. Use theory and examples to support
your discussion..........................................................................................................................................13
Write a report, how you would monitor improvements in the performance on the operations of the chosen
business over the next two years. Use theories on performance monitoring and change management to
support your analysis.................................................................................................................................14
References.................................................................................................................................................15
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SMALL BUSINESS ENTERPRISE
Task 1
Produce a profile of a selected small business identifying its strengths and weaknesses
Beigel Bake is a small business enterprise which was situated at Brick Lane in the London. The
profile of Beigel Bake includes three significant SMART objectives which are excellent food
quality, twenty-four hours open the bakery shop and good customer support (Bridge and O'Neill,
2013). On the other hand, Beigel Bake also includes some strength and weakness which are
discussed below:
Strengths-The most imperative strengths for Beigel Bake are their productivities their sustenance
and work differing qualities, their nearness in the London magazine and their generation rate.
Contingent upon their exercises, the strengths are related as said beneath with the bakery shop.
Beigel Bake enables food service for 24*7 in London. Like this, the clients can without much of
a stretch get service from the eatery. It is extremely useful for Beigel Bake by having this kind of
strength. By this procedure, their number of clients increments. The eatery, for the most part,
centered on their primary item beigels which are extremely famous in the market. Clients of the
eatery like this thing in particular. Alongside this, they likewise give different things, for
example, desserts like apple strudel, Danish roles, cheesecake and Eccles cakes and baked goods
too (Bridge and O'Neill, 2013).
Weakness- Nowadays, a bakery shop needs to give their reports on websites to increase business.
Along with that, the Beigel Bake Bakery shop don't have any website so that the clients don't get
any data about their dinner and their item moreover. Accordingly, it is their significant
shortcoming. On the opposite side, Restaurant just has their business in the UK with the goal that
they don't have much prominence in different nations. Alongside these weakness, a few clients
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SMALL BUSINESS ENTERPRISE
are disillusioned because of their service quality. They don't have numerous representatives and
hence they not able to give great services to their clients. Other than these, they ought to make a
predetermined number of beigels and need to make new items for their clients(Walker, 2010).
Carry out an analysis of the business using comparative measures of performance
The Beigel Bake is a pastry shop which gives sustenance to their clients. The nutrition eatery is
particularly on edge for their items, and they attempt to keep up their nature of items before their
clients. Beigel Bake needs to focus on the request of their clients, and in light of that, they need
to choose as far as possible. Along these lines, the Beigel Bake Bakery shop needs to settle an
appropriate value restrict which can attract the buyers. It will be extremely painful for the bakery
shop and furthermore increment the buyer's number. Their 24hours giving service is one of the
real things which give them benefits contrast with another eatery in the United Kingdom. As
indicated by these, the Beigel Bake Bakery shop ought to make new food dishes for their
shoppers alongside sensible cost(Alexander and Sinnett, 2005). The clients need new and
assortment of items, and these draw in the client most. The bakery shop needs to comprehend the
requests of the general population which help them to make items for them.
Task 2
Recommend with justification, appropriate actions to overcome the identified weaknesses in the
business
Beigel Bake is a small bread shop which arranged at Brick Lane in the London. Also, one of the
critical shortcomings of this small business is online services. As early said, Beigel Bake does
not have any website or online presence. At the end of the day, Beigel Bake not able to give
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