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Performance Management Business Assignment

   

Added on  2020-06-06

16 Pages3835 Words52 Views
IMPROVING BUSINESS PERFORMANCE

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31 Introduction of the organization Nisa Retail Limited:.............................................................32 Evaluating Nisa Retail Limited current performance:.............................................................33 Literature Review on Project / Investment appraisal for Nisa Retail Limited Company:.......44 Literature Review on Radical Change vs Continuous Improvement:......................................85. Project Plan providing Details of the Identifying the Costs And Timescales of theOrganization:.............................................................................................................................106 Review the literature on Risk Management:..........................................................................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16

Illustration IndexIllustration 1: Investment Appraisal Methods..................................................................................7Illustration 2: Continuous Improvement or Kaizen Method............................................................9Illustration 3: Effects of Continuous Improvement and radical Change.......................................11Illustration 4: Risk Management....................................................................................................17

INTRODUCTIONBusiness Management in an organization is a process in which various aspects of thebusiness is managed by the management team of the organization. This is very important for anybusiness to be successful in what they are doing. Improving business performance is a mustprocess for the organization to work effectively. Through this process it can evaluate the areaswhere changes are required in order to increase the productivity of the Nisa Retail Limitedorganization. This report will explain the process of improving the business performance of theNisa Retail Limited by identifying major three operational areas which requires change andplanning the improvement of the projects through methods like continuous improvement orradical change. It will also focus on the risk management for the organization and making properstrategies to solve these issues as soon as possible. TASK 11 Introduction of the organization Nisa Retail Limited:Nisa Retail Limited is a brand which is known as a grocery wholesaler operating inUnited kingdom. This organization is owned by the Co-Operative Group Limited. The companywas founded in 1977 and is currently based in Scunthorpe, United Kingdom. The two pillars whofounded this organization are Peter Garvin, a Yorkshire-based retailer and Dudley Ramsden, whowas a wholesaler and owned a supermarket in Grimsby.It helps the exiting independent retailers in the food and drink markets in UnitedKingdom. Nisa Retail Limited provides different products and services to their customers suchas, cakes, sauces and rice, bottled water, wine gums, gems and jellies, liquors, sports mixes,biscuits, nachos, cheeses, washing powders, vegetables, cold drinks, coffees, breakfast products,bathroom sprays and wipes, kitchen sprays, hand washes, tomato ketchup, popcorn, beers andmany more. Nisa Retail Limited is serving many people a quality service which makes them tobecome their favorite destination in order to buy groceries in United Kingdom (Baum, A.E. andCrosby, N. 2014).2 Evaluating Nisa Retail Limited current performance:Nisa retail limited is currently working successfully in United Kingdom by providinghuge variety of grocery as compared to its competitors in the market. It has many options tochoose from which makes customers to come and shop here. Currently Nisa retailers hasannounced the opening of new stores including 140 from existing members, and demonstrating

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