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(solved) small business enterprise assignment

   

Added on  2020-06-06

18 Pages5527 Words70 Views
SMALL BUSINESS ENTERPRISE

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................11.1 Business profiles and their strengths or weakness................................................................11.2 Comparative measures of performance.................................................................................3TASK 2............................................................................................................................................42.1 Appropriate action to overcomes weakness..........................................................................42.2 Different ways which existing performance strengthened and maintained..........................52.3 New areas which the company expanded ............................................................................6TASK 3............................................................................................................................................73.1 Business plans and objectives...............................................................................................73.2 Revise plan to incorporate changes.......................................................................................93.3 Action plan ...........................................................................................................................9TASK 4 ........................................................................................................................................104.1 Changes impact on personal and business..........................................................................104.2 Plan to managed changes....................................................................................................114.3 Monitor improvements in business performances..............................................................13CONCLUSION .............................................................................................................................13REFERENCES..............................................................................................................................15.......................................................................................................................................................16

INTRODUCTION SBE are privately owned a small scale business which operate in a limited area where thenumber of employees are quite low. It can be includes partnership and sole proprietorship andcorporation also (Small business,2017). It is defining as a small term and they have manycapability to choose for government support. Small business is also defined in different ways forexamples: sales and output volume, investments and number of workers etc. They have shortterm mission and vision because every people believes in achieving more revenue to live theircountry in more comfortably. Main purpose of this report to attain high profit and maximisecompany sales in an essentials way. This will very important in the term of goals and objectives.This assignment is based on small business enterprise Hazlitt's Hotel in London, UK. Inthis file analysed company profile, strengths and weakness as well as comparative measurementof performance. There are several ways which company existing performances could bestrengthened among plans and objective will be produce. Plan of the business which is veryimportant in the incorporate changes are also described in this file. Modification impact onorganisation as well as personal which will be managed in the enterprise. At the last task, Timescale of the business performance also determined in this assignment. TASK 11.1 Business profiles and their strengths or weaknessHazlitt's is a small hotel in United Kingdom. The main aim and objectives of company toprovide high product quality and services to the clients (Carter and et. al., 2015). This enterpriseis coming with new plans of decorating rooms and their dining table. This firm rooftop which isgenerally used for the photo -shoots. Profile Description Company name Hazlitt's HotelOwner Douglas Blain and Peter Mckay Number of rooms in hotel 30 rooms- 24 doubles, 3singles, 1 suite and 2junior suits

Location 6 Frith Street, Soho Square, United Kingdom,London and England Suites 4.0 Star hotelPhone number +44 20 7434 1771Facilities Free Wi- Filaundry facilitiesconcierge servicesDouble room cost £195+ VATBreakfast is optional £ 8.95Payment typesVisa, JCBWebsite Http://www.hazlittshotel.com/Above this table show the company appropriate profile which is very important for the clients.Mentioned hotel also has many strength and weakness which are as follows: STRENGTH: Regarding to this elementseveryone was aware for the business positionand their product brand. WEAKNESS: Barriers and obstaclesidentification of an industry which is highlyeffects the business success and growths(Durkin and et. al., 2013). There are severalweakness of the firm are as follows:Offers many facilities such as Wi-Fiand discount in breakfast.Very fast services with outstanding anddelicious products.Music background is very impressivewhich is attract high number of theclients (Cocker and et. al., 2013).In this hotel Pets is not allowed.Room cost is not highUnderstanding different needs anddemands of the customers.Research and development cost is highas well as lengthy investment timeframe. There is no E-commerce andinformation technology expertise Product price is very high Some person is known their productbrand company location is one of the majorissue in a profit. Improper interaction among the

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