logo

Analysis of Kristy's business enterprise

   

Added on  2020-07-23

15 Pages4939 Words479 Views
BUSINESSENTERPRISE
Analysis of Kristy's business enterprise_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1: Business profile of Kristy and its strength and weaknesses............................................11.2: Analysis of financial performance with comparative solution........................................2TASK 2............................................................................................................................................52.1: Recommendation regarding actions to overcome the weaknesses..................................52.2: Various ways by which current performance can be maintained....................................62.3 Areas in which business can be expand...........................................................................7TASK 3............................................................................................................................................73.1: Assessment of existing business objectives and plan......................................................73.2: Revised business plan to rectify necessary changes to overcome weakness..................83.3: An action plan to implement the changes.......................................................................9TASK 4..........................................................................................................................................104.1: Report on the impact of proposed changes on business................................................104.2: Management of proposed changes................................................................................114.3: Measurement for developing the performance of business...........................................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
Analysis of Kristy's business enterprise_2
INTRODUCTIONSmall business enterprises are operating with very less capital. They are self governing innature and most of these operations are handled by individual owners. There business is mainlycategorised into small units so that better chances of good results can be attain. The main aim ofthat business organisation is to achieve these goals with the available resources. This projectreport will provide critical information about management functions of small units in accordancewith the small business (Islam and et. al., 2011). The understanding of various approaches asmall business organisation is taken into considered under this particular report. Analysis ofstrength and weakness of Worthenshaws Ltd. It also explains effective analysis of effectivebusiness performances. The project examines various measures to overcome all the issues whichare arising in that enterprise. Determination of growth chances for the company with a wellorganise business plan with an appropriate objectives. Further, it explains action plan toimplement new changes. Understanding of various impacts related with business and thosechanges can be managed are discussed efficiently. TASK 11.1: Business profile of Kristy and its strength and weaknessesAs a small business enterprises most of the businesses are perform with the motive ofsetting up there organisation goals. Worthenshaws Ltd is one of the fastest growing companies inUK. The restaurant provides various facilities in order to meet customers’ needs and wants. Ithas 106 staff responsible for planning accommodation services in different parts of UK. A bestsmall company which is operating since 2014, Worthenshaws Ltd has excellent managementgroup. Kristy is making their full efforts in making her business more effective which is situatedin Lancashire. It carries two Michelin stars that have been featured in world's best 50 restaurants(Barbero, Casillas and Feldman, 2011). It was established in 8 years ago in 2009 with thefacilities of British cuisine with the total capacity of 55. As a small chain that has transform theirbusiness by increasing sales. The skills and close relationship with their suppliers make ensurethat quality of products should be at appropriate so that maximum customers should get attractedtowards them. One of the youngest entrepreneurs who is receiving capital from various sourcesin order to manager there restaurant services. It has been analysed that Kristy originally belongs1
Analysis of Kristy's business enterprise_3
to not well rich family and started cooking in his Newcastle home town at the age of 15. Hisearly background was a subsequent three year was more effective and profitable. Strength:Offering wide variety of cuisine to its customers with affordable price in order to makehealthy meals.They are expanding their business in many parts of the country.Product and hospitality is the major part of this particular restaurant.Weaknesses:Because of less number of staff they are not able to cover entire orders.Revivals are selling more superior food with extra entertainment facilities.1.2: Analysis of financial performance with comparative solutionKristy is providing ready to eat meal to those customers those who cannot make food andalso targeting on best quality of food with extra services. As they are more sufficient enough tobecame effective market leader with implementing lot of extra effort that can meet our customerneeds and wants. There are so many competitors such as Purbeck in cream which is also makingresponsible for offering similar kind of products with plenty of other options (Purbeck ice creamlimited, 2016). There performance can be determined through measuring their competitors insome other context. Some of them:Quality audit: It is the systematic evaluation of quality system those are carried out byan inside and outside quality auditor or other teams. It is known as crucial part of qualitymanagement system (Chum and Mun, 2012). It follows a ISO standard of 9001.Under thismanagers is having a more effective role in maintaining all financial transaction which are doneby company during the year. Kristy is offering several kind of multi-cuisine to its customer atappropriate charges. It is more in dynamic in nature and used to keep proper balance among tasteand nutrition.Financial report: By the help of financial report, it has become essential for led bury todetermine it present position in today's competitive market. Apart from this it is used as effectivemeasured techniques that can be used by company at the same point of time. The financial reportof led bury and its competitors are mentioned underneath:2
Analysis of Kristy's business enterprise_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Small Business Enterprise - Worthenshaw's
|16
|5333
|54

Assignment on Small Business Enterprise | Dragon Dan
|20
|6147
|57

Small Business Enterprises TASK 14 1.1 Worthanshaw's and their strength and weaknesses
|19
|5841
|333

Small Business Enterprise Assignment - BBC
|20
|6065
|44

Small Business Enterprise
|17
|4278
|414

Essay on Small Business Enterprise
|20
|6240
|32