Essay on Small Business Enterprise - 4Com
Added on 2020-06-05
19 Pages5833 Words32 Views
Small Business Enterprise
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Profile of 4Com with identification of its strengths and weaknesses ..............................11.2 Analysis of business using comparative measures...........................................................2TASK 2............................................................................................................................................52.1 Overcoming the identified weaknesses of business.........................................................52.2 Ways to enhance existing performance............................................................................62.2 Ways to enhance existing performance............................................................................72.3 Areas of expansion ..........................................................................................................8TASK 3............................................................................................................................................93.1 Assessment of objectives and Plans.................................................................................93.2 Revise in Business Plans to incorporate changes...........................................................103.3 Action Plan.....................................................................................................................11TASK 4..........................................................................................................................................124.1 Impact of Changes proposed..........................................................................................124.2 Managing the changes....................................................................................................134.3 Monitoring improvements in the performance...............................................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................14
INTRODUCTIONSmall business enterprise is a privately owned business which has relatively smallnumber of people employed and has a smaller sales volume. Small enterprise is the one in whichnumber of employees are not more than 50 and turnover should be under 10 million euros.Various examples of such are retail stores, bakeries, small scale manufacturing, internet relatedbusiness and restaurants. There lies a difference between entrepreneurship and small scalebusiness. It is because; these businesses may or may not offer an innovative product to themarket (Abebe, 2014)The strengths and weaknesses of the company will be analysed. Thevarious ways in which the weakness can be converted into the strength will be studied as well.Revision of the business objectives and plans will be done Changes will be incorporated on tothe organisation and impact will be monitored effectively.TASK 11.1 Profile of 4Com with identification of its strengths and weaknesses The 4Com is one of the emerging telecommunication provider in UK. Established in 1999, today business employs around 250 people (Acs and et al., 2013). The company caters thecarrier and broadband needs of the people. The company excels in providing cost effective carrier and data services across UK. Identification of strengths and weaknesses is crucial for every firm. It helps in identifying the areas that are performing well for the firm as well those which are to be improved to enhance the productivity of organisation. The analysis has been conducted to identify the strong features and non performing areas for 4Com. StrengthsBest company to work forStable environmentExcellent customer serviceStrong sales teamSales promotion activities/ pricingBetter cable equipmentWeaknessesUnstable financesLess market coverage1
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