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Changing Scenario of Small Enterprises

   

Added on  2020-01-16

16 Pages5180 Words82 Views
SMALL BUSINESSUNIVERSITYSMALL BUSINESSBYDATENAMELECTURER’S NAMEPage 1 of 16

SMALL BUSINESSAbstract: The primary light falls on the business performances of small business enterprises like Montana Bakery. The analysis of strength, weakness of the business process along with necessary improvements is put forward at the initial stage. Later, change management, and itsimplications are discussed along with monitoring process and plan development. Changing scenario of small enterprises with the comparison is brought forth in the report.Page 2 of 16

SMALL BUSINESSTABLE OF CONTENTSIntroduction:...............................................................................................................................4Task 1.........................................................................................................................................41.1Identification of the strength and weaknesses..................................................................41.2. Comparative analysis of the business.............................................................................5Task 2.........................................................................................................................................62.1. Recommendations of appropriate actions for overcoming the weakness of the identified business.................................................................................................................62.2. Analysing the existing performance and strengthening it..............................................72.3. Recommendations for new areas to expand the selected business ................................8Task 3.........................................................................................................................................93.1. Assessment of existing business objectives and plans...................................................93.2. Revision of business plan to incorporate appropriate changes.....................................113.3. Preparation of an action plan........................................................................................12Task 4.......................................................................................................................................134.1. Impact of the proposed changes on the business and its personnel..............................134.2. Preparation of business plan to manage the changes....................................................144.3. Monitoring improvements in the business....................................................................15Conclusion:...............................................................................................................................16REFERENCE...........................................................................................................................17Bibliography:............................................................................................................................17Page 3 of 16

SMALL BUSINESSIntroduction:Small businesses have fewer employees, few revenues and one person to control their whole business. The start-up is a cost is lesser in small industry. In 1997, Montana Bakery came in UK market and the industrial estate of the enterprise was in Colnbrook. In the industrial estate more or less 270 employees work and they produce nearly 1.3 million unit products. Piero Sccco is the director of the company. The vehicle operator business is medium sized. There are two centres that operate transport of the firm.Task 11.1Identification of the strength and weaknessesFor a small industry, business operators do not have to invest huge money, and with a little investment, a small business can be started as said by (Carland, 2015) When the start-upmoney is little, the chances of facing loss are also slim. Montana Bakery is medium sized, and so the operator did not have to invest a huge amount of money for start-ups. There are only five machines in company's subsidiary.Getting active workforce for starting a business is like stirring up a hornet’s nest for a company star-up. As Montana Bakery is small industry based enterprise, it was started with the little workforce. More or less £17500 is given to employees annually in this company. Jobflexibility is one of the company’s strength as the number of employees in the enterprise is little. It faced turnover up to 8% recently. The business performance of such enterprise can give satisfaction to the directors of the company during the trading period (Schutte, 2016) . As a result, the turnover is seen. Montana Bakery has a small number of employees, and so itgives proper focus on the skill base and knowledge of employees. The mission of Montana Bakery is to reach the dynamic needs of customers by producing Artisan bread, garlic bread, pizza based bread. The company is aimed to supply bread in food service shoppers, clients, retail of UK including Waitrose and Marks and Spencer. As the company is medium sized, the approach of the enterprise is more personalised than large sectors. The company is thinking of increasing its innovation. More innovation in 65,000sq ft can be called as their strength. By upgrading equipment and plan, the company can increase the variety of products. As the number of employees is less than 50 in the enterprise, there is an openness to employees' feedback about their work satisfaction, flexibility and all. The company can Page 4 of 16

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