Small Business Enterprise - Fontain Motors Ltd
Added on 2020-01-28
18 Pages4630 Words325 Views
Small Business EnterpriseNameInstitution
2ContentsLO1. Be able to investigate the performance of a selected small business enterprise................................31.1.Produce a profile of a selected small business identifying its strengths and weaknesses.................31.2.Carry out an analysis of the business using comparative measure of performance..........................6LO2. Be able to propose changes to improve management and business performance.............................72.1. Recommend with justification, appropriate actions to overcome the identified weaknesses in the business...................................................................................................................................................72.2. Analyse ways in which existing performance could be maintained and strengthened.....................82.3. Recommend with justification, new areas in which the business could be expanded......................9LO 3. Be able to revise business objectives and plans to incorporate proposed changes..........................103.1. Produce an assessment of existing business objectives and plans.................................................103.2 & 3.3 Revise business plans to incorporate appropriate changes....................................................10LO 4. Be able to examine the impact of change management on the operations of the business............114.1. Report on the impact of the proposed changes on the business and its personnel.......................114.2. Plan how the changes will be managed in the business.................................................................124.4. Monitor improvements in the performance of the business over a given timescale......................13References:................................................................................................................................................14
3LO1. Be able to investigate the performance of a selected small business enterpriseA small business enterprise is a revolutionary change in the business world. The small business enterprises are the grass root level of a successful business. The enterprises are used to be set up with a sum of cheap capital. The Fontain Motors Ltd of the United Kingdom is a small business company which has shown growth in its business. The company was established in the year 1990. The interesting fact is that this automobile organisation is the first sovereign trader who provides its unique services for Audi cars in the United Kingdom (Sharafizad, & Coetzer, 2016). Produce a profile of a selected small business identifying its strengths and weaknessesFontain Motors Ltd is the first independent dealer in the nation. It boasts specialty brand which create successful results in the country. It is the best way for the new generation to deals with innovative work and development of the country. The company always looking for new things that are needed in market for development of the accomplishment of goals and objectives. Like all the large companies the small business enterprises also bear the strengths and weaknesses of the association regarding its internal and external factors. The strengths and weaknesses of the Fontain Motors Ltd are discussed in the below –StrengthsIndividual handling: Consumers will over and over again reimburse a premium for modified concentration. In variousorganisations where services and costs distinctions are negligible, the particular aspect comes outas a major bloodthirsty benefit (Bridge, & O'Neill, 2013).
4Superior inspiration: Chief administration of a small enterprise like Fontain Motors Ltd usually forms of the proprietors. They give their best efforts, for a long time and with added individual participation. Benefits and wounds in the earning have more sense to them than remunerations, and additional benefits like compensations have to the workers of an international corporation (Bamiatzi, & Kirchmaier, 2014).Better suppleness: A small business enterprise carries remarkable improvement of suppleness. Large business corporations never discontinue process with no resistance from prearranged efforts or still enlarge charge of their services without possible involvement from the administration. Small enterprises have limited outline of the announcement (Turner, 2013). Their merchandise defences are slight, their marketplace is restricted and their industrial unit and stores are the slam. They can speedily mark problem or chance and get suitable accomplishment.Fewer administrations: In small business the entire difficulty can be measured gladly, the verdict can be in use rapidly and the consequences checkered with no trouble. But in an international corporation, false organisation arrangement can guide to hold up in use achievement, and technically manipulates (McAdam, McAdam, Dunn, & McCall, 2014).Inconspicuous: A small company can attempt current trade plans or bring in latest services withno magnetise unwarranted concentration or conflict. It is probable for the reason that it is not fairly as distinct as international business. Large corporations continually featured with substitute
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