Small Business Enterprise InTRODUCTION
14 Pages5458 Words166 Views
Added on 2020-01-21
About This Document
SMALL BUSINESS ENTERPRISE INTRODUCTION 3 TASK 13 1.13 1.24 TASK 25 2.15 2.25 2.36 TASK 37 3.17 3.28 3.39 TASK 49 4.19 4.2 10 4.311 CONCLUSION 12 REFERENCES 13 INTRODUCTION In today's era competition makes thewholequalityprocess straighter. 1 TASK 1 2 1.1 Small business enterprises are the companies which initiate the business from a low level and further they accomplish all the goals and objectives of the target
Small Business Enterprise InTRODUCTION
Added on 2020-01-21
ShareRelated Documents
SMALL BUSINESS ENTERPRISE
Table of ContentsINTRODUCTION................................................................................................................................3TASK 1............................................................................................................................................31.1....................................................................................................................................................31.2....................................................................................................................................................4TASK 2.................................................................................................................................................52.1....................................................................................................................................................52.2....................................................................................................................................................52.3....................................................................................................................................................6TASK 3.................................................................................................................................................73.1....................................................................................................................................................73.2....................................................................................................................................................83.3....................................................................................................................................................9TASK 4.................................................................................................................................................94.1....................................................................................................................................................94.2 ...............................................................................................................................................104.3...................................................................................................................................................11CONCLUSION..................................................................................................................................12REFERENCES...................................................................................................................................13
INTRODUCTIONIn today's era competition makes the whole quality process straighter. Small BusinessEnterprises have wide potential of growth if the business operations are managed and operated in awell defined manner (Cooper and Burke, 2011). The entrepreneur is expected to manage the riskand incorporate the latest trends to develop a USP for the company. The workforce in these type ofcompanies is very much limited and mostly are privately owned and operated sole proprietorships,corporations or partnerships. The below carried out analysis is based on Austin Fraser Limitedwhich is a technical recruitment specialist with a motto of providing the best services. The entity isoperating the business activities in technical recruitment within the engineering, IT and Life sciencesectors. Along with this the organisation provide the fantastic networks to the appropriatecandidates, to get entered into the large corporates. The report is based on business functions ofAustin Fraser Limited and the measures which have been taken by the entity in the management andbusiness performance. Apart from this the impact of change on the business is also to be describedin the study.TASK 11.1Small business enterprises are the companies which initiate the business from a low leveland further they accomplish all the goals and objectives of the target industry (Bridge and O'Neill,2012). Austin Fraser Limited is the entity which is operating its business in consultancy field. TheSWOT analysis of the entity is described as under: Strength: The strength of the organisation is its technical and specialised working staff. Thecorporate is working for the other corporations to provide them appropriate candidates asper the requirement of the profiles. Thus in this process its working staff is establishingthemselves as a benchmark, as the specialised workforce is liable to appoint the eligible andqualifies applicants for the corporate industry.Weaknesses: The weakness of the entity is that companies use internal source of recruitment,which restrict potentially better qualified candidates from outside of the company (Lee andGross, 2015). Thus it is the great issue which is the weaker point for the development ofAustin Fraser Limited. Opportunity: Austin Fraser Limited has the option to establish itself in the consultancyindustry as in today's era, all the organisation have desire to opt the most appropriatecandidates and this can only be done by the best consultancy firms. So the demand of the
recruitment agencies have increased in past few decades therefore it is the great opportunityfor Austin Fraser to capture the market.Threat: Competitors in the market are considered the big threats for the Austin FraserLimited. There are large number of consultancy firms which are operating business activitiesin the same market (Down, 2010). Therefore it is the great hurdle for the entity to establishin the market for a long run, if the company has to sustain for a longer period then it has toconsider all these competitors and by getting the proper knowledge of the market and itsrivalries the corporation can succeed in general.Thus in above all the essential strengths and weaknesses of Austin Fraser Limited have beendiscussed.1.2Many initiatives to improve the business processes are emerging. Therefore the role ofbusiness Analyst and business performance management is increasing day by day. The comparativeanalysis is risk adjusted measure in order to account for differences in relative risks betweenfacilities and jurisdictions (Moore, Grammich and Mele, 2014). For the measurement of businessperformance of Austin Fraser Limited SMART approach can be utilized. SMART means specific,measurable, achievable, relevant and time bound. It is good framework to test that the goals are wellformed by the company. But it is most certainly not a framework for making sure that theperformance measures of the entity have made properly. The first element of this approach is S itmeans that Austin Fraser limited can assess its comparative measures by considering that the goalswhich have been decided by the corporate should be specific. By doing a research on the objects ofthe company Austin Fraser Limited can better perform the task and operations. The another elementis M it denotes that the company has to set the targets in such manner that it should be measuredand should be in the form in which the comparative analysis of the targets can be made. A is the other major part for assessing the comparative performance of the Company. AustinFraser Limited can decide the targets in such way that they can be achieved easily, if the goals aremade in such form that they are not relevant approachable by the entity then the performance of thecorporation can not be good therefore the organisation can set the objectives so that they can beapproached. R denotes the relevancy of the set goals with the main object of the corporate (Acton,2013). The entity can decide the targets which are relevant with its objectives and are not supposedto be irrelevant. Thus for measuring the performance on the comparative basis it is essential forAustin Fraser Limited to decide the goals as per the business profile of the entity. T is refereed fortime bound objectives, the company can set the targets in such manner that they can be approached
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Small Business Enterprise INTRODUCTION 4 TASK 14 1.1 Scenario, strengths and weaknesseslg...
|14
|4613
|398
Austin Fraser Limited - A SWOT Analysis of the Small Business Enterpriselg...
|14
|5542
|70
Small Business Enterprise of Austin Fraserlg...
|19
|4706
|40
Small Business Enterprises - Austin Fraserlg...
|13
|4248
|65
Report on Small Business Enterprise - Austin Fraserlg...
|17
|5432
|33
Austin Fraser - strengths and weaknesses in businesslg...
|16
|5423
|476