Business Profile of Qbic Hotel
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Added on 2020-01-21
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Small Business Enterprise Introduction 3 TASK 13 1.1 Business profile of Qbic hotel and its strength and weakness. 5 2.2 Methods of bear on current strength and business performance 6 2.3 Recommendation of new area of business expansion 7 TASK 38 3.1 Business objective and plan 8 3.2 Revise business plan 8 3.3 Prepare an action plan for implementing the changes8 TASK 49 4.1 Impact of proposed changes in an organisation 9 4.2 How the changes will be managed 9 4.3 Improvement in the business performance 9 CONCLUSION 10 References
Business Profile of Qbic Hotel
Added on 2020-01-21
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Small Business EnterpriseTable of ContentsIntroduction .........................................................................................................................................................................3TASK 1.................................................................................................................................................................................31.1 Business profile of Qbic hotel and its strength and weakness. ................................................................................31.2 Comparative measure of performance ....................................................................................................................4TASK 2 ................................................................................................................................................................................52.1 Appropriate strategies to overcome the weakness in the business. ..........................................................................52.2 Methods of bear on current strength and business performance..............................................................................6
2.3 Recommendation of new area of business expansion ..............................................................................................7TASK 3 ................................................................................................................................................................................83.1 Business objective and plan......................................................................................................................................83.2 Revise business plan ...............................................................................................................................................83.3 Prepare an action plan for implementing the changes.............................................................................................8TASK 4.................................................................................................................................................................................94.1 Impact of proposed changes in an organisation........................................................................................................94.2 How the changes will be managed ...........................................................................................................................94.3 Improvement in the business performance...............................................................................................................9CONCLUSION .................................................................................................................................................................10References..........................................................................................................................................................................10Introduction Small business enterprise is those business who has sated on small scale. In small business their is no highervolume of workers and does not have a high volume of sales. Mostly small scale business are generally owned byprivately. Small scale business are create render impact on the economic development where small business are aid toimproving economic condition of country. It is small manufacturing industry which may produce product only smallscale. Qbic is a one of the small enterprise it s a type of hotel industry which is going to be taken in this report. Qbichotels is a low cost design hotels with some extra new facilities. The main motive of Qbic hotels is to shapes basicneeds which can be fulfil as willingly. In this present report identify business using competitive measure ofperformance and over come there weakness and create effectiveness in said organisation. Along with that revisedbusiness strategies and plan where it can help to increasing their performance efficiency. On the other hand in theirpresent report covered various factors which can be affected with the change management(Barber, Metcalfe andPorteous, 2016).
TASK 11.1 Business profile of Qbic hotel and its strength and weakness. Qbichotels is aprivatefundedindustry ,first hotelis openedin 2007.thiscompanyisoperatingin thehotelsindustrywhere itprovidelow costfacilitieswithsomedifferentfacilities to the local community of London.In the Qbic hotel industry there are three active directors which are currently run the firm inhotel industry. BOB is a key person of the said company who take review over the allactivities. . He is playing role as a director and in respective firm his occupation is CEO. This company was established in the year of 2007 in London country it was increased its
room facilities where they provide large , clean and Wi-Fi updated rooms. In 2012 it wasable to offer better services and increase its level of profit in its respective segment. Key activity of Qbic hotel is it provide free Wi-Fi facility, AC rooms, paid parking,accessible, attractive room services and many more amenities. On the other hand it will alsoprovide online services to their respective customers(Bernaert and et.al., 2014). The company is London based organization and location of it is as follows: Near public transit & the train station, near the city centre; shopping,sightseeing, restaurants& bars nearby. Strength and weakness of the said business Strength weaknessThe business is managed by few individualswhere monetary details is very simplistic.Lesser complexity in dealing with workforce.Management functionality is simple.Easy to communicate their informations. Direct relationship with top management andlower management(Bridge, 2014,). Large number of competitors is arise. Small scale companies has to difficulty inmanaged security measurements.There is not enough salary packages which isgoing to satisfied their existing employees. There is no large number of investments. 1.2 Comparative measure of performance In an organisation there are various tools and techniques which is going to measure effective performance intheir organisation. Performance measure is must be simple to operate and easily understand. Comparisons with othersimilar sized business in same geographical areas is actual measurement or performance level of sated organisation. Onthe other hand there is comparisons with industry averages which is going to covered all financial areas such as likefinancial production, marketing practices, sales ratio, human resources and technologies which is applied in thatorganisations. On the other hand most of the organisation are ,measure there both of the organisation's net profits, grossmargin, return on investments etc. why organisations are used accounting data to measuring there performance becauseit is a one of the effective tools and methods to identify overall market performance of each industry(Eid, R. and El-Gohary, 2013). On the other hand there are other methods is also available to measuring performance in there organisationsuch as customer based measurement where customer satisfactions and customer loyalty is decided how company iswell performing in current market place. Managers must identify the customer and market segment in which thebusiness desire to compete. Internal business process measurement is also one of the effective methods of measuring performance criteria.Innovation process, operational activities, quality measurements and time measurement all these element are check ininternal in an organisation which is going to effectively measure their internal industry performance level(Freel, 2013).
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