Managing and Running SBE : Report
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Added on 2020-07-23
Managing and Running SBE : Report
Added on 2020-07-23
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Managing and RunningSBE
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Main considerations need to address by small organisation while allocating resources. .3M1 Allocate resources in an organisation..............................................................................5M2 Significance of allocating and planning resources to achieve objectives........................5D1 Application of resources to indicate link between achievement of business objectives andallocation of resources............................................................................................................5TASK 2............................................................................................................................................6P2 Different processes about customer's relationship management for small business.........6P3 Analysis of development of small business transnationally with its benefits and drawbacks................................................................................................................................................7M3 Factors of customer relationship management process...................................................7M4 Development of transactional operations.........................................................................8D2 Customer relationship management process....................................................................8TASK 3............................................................................................................................................8P4 Formulation of monthly cash flow forecast showing fixed and variable costs.................8P5 Application of the concept of break-even analysis.........................................................12P6 Interpretation of key financial statements and its contribution in successful management13M5 Analytical and quantitative techniques to provide break even analysis........................14D3 Cash flow and break even analysis.................................................................................14TASK 4..........................................................................................................................................15P7 Implication of key legislations and regulations upon small businesses..........................15M6 Implications of regulations in organisation....................................................................16D4 Key regulations that impact on small businesses...........................................................16CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
INTRODUCTIONThe main aim of all organisation whether small or large in nature required to buildeffective strategies which helps to attain sustainability in their business operations. This task isdifficult for small organisations because limited resources are available in comparison to largeorganisations. Small organisations are identified on the basis of number of employees, marketshare, turnover, assets etc. There is huge contribution of small organisations regardingdevelopment of nation through creation of job opportunities, higher flow of cash in an economyetc. For effective management of their operations need to effectively allocate their resourcesbefore allocating to different departments. It helps to direct employees to effectively performtheir tasks. Cash and Carry is small wholesale organisation which deals in grocery items(Williams, 2012).In the present report explain about, factors which are need to consider by smallorganisation while planning and allocating resources, process which helps to build effectivecustomer relationship management, transnationally development of small organisationsimultaneously with its benefits and drawbacks and monthly cash flow forecast which showsfixed and variable cost. Also, application of the principles break-even analysis, key financialstatements of organisation and key legislations need to follow by small organisation.TASK 1P1 Main considerations need to address by small organisation while allocating resourcesThere are many factors are present in business environment which impacts the functionsof small business organisation. Such factors are called macro-environmental upon which there isno control of management of organisation. Also, there are many internal factors which arepresent within the organisation impacts their ability to perform functions effectively. Toformulate effective plans need to consider both factors. It helps in achievement of their targets
within stipulated period of time and allocation of resources in more appropriate manner. Cashand Carry is small wholesale organisation from where customers pay and pick their items. Itdeals in grocery items. So, the main aim of organisation is to provide quality products to theircustomers as per their preferences at affordable prices. It provides the opportunity to attract thecustomers of their competitors and build their market base more strong. Through application ofeffective policies and effective allocation of different resources like funds, employees, objectivesetc. to attain their goals. In this regard, management of Cash and Carry need to address manyfactors before planning and allocating resources are defined below:Requirement of funds: One of the most important resource which is required to providetheir functions effectively are funds. It is responsibility upon manager of organisation isto identify the need of funds by each and every department to carry out their functions. Ithelps to determine about availability of funds. If funds are not sufficient then they havethe duty to identify the different sources through funds are raised easily for conductingfuture operations. It is quite impossible for small organisation is to work withoutsufficient amount of funds with full capacity. Management of Cash and Carry need tointerpret their financial statements to understand about their expenses, income, inflowand outflow of cash etc. It provides the opportunity to frame policies which helps toremove their unnecessary expenses (Weske, 2012).Objectives, vision and mission: There is huge impact of objectives, vision and missionof organisation regarding formulation of their different plans about different aspects andallocation of various resources as per actual needs. Cash and Carry provides groceryitems at wholesale. The main of organisation is to improve the quality of their productsand application of modern marketing techniques to improve sales. It helps to understandthat need to appoint new marketing team.Human resources: Work force planning is important concept which helps in timelycompletion of their tasks within stipulated period of time. Lack of planning improves thecost of product and affects their ability about attraction of large number of customers.Identification of number of employees required, present skills and knowledges etc. Itprovides the opportunity about development training programmes which helps inimprovement of their existing skills and contributes in achievement of their desiredresults.
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