Strength and Weakness of Reviveaphone Enterprise : Assignment
Added on -2020-07-22
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Small Business Enterprise
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Profits of small business with identifying its strengths and weaknesses..........................11.2 Analysis of business using comparative measures of performance.................................2TASK 2............................................................................................................................................42.1 Recommending with justification appropriate actions to overcome identified weaknesses.42.2 Ways in which existing performance could be maintained and strengthened..................52.3 Recommend with justification, new areas in which business could be expanded...........5TASK 3............................................................................................................................................63.1 Assessment of existing business objectives and plans.....................................................63.2 Revising business plan to incorporate appropriate changes.............................................83.3 Prepare an action plan to implement changes..................................................................9TASK 4..........................................................................................................................................104.1 Impact of proposed changes on business and its personnel...........................................104.2 Ways changes will be managed in business...................................................................114.3 Monitor improvements in performance of business over a given time scale.................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONAs per recent time, small business association is growing very quickly and gettingattention of numerous people. This type of business caters lots of opportunities to an individual;therefore, they can improve their abilities and knowledge. With assistance of small organisationnation's economy will enhance. As a result, buying power, share of market and condition willbecome more stronger (Schaper and et. al., 2014). From the series of Dragon Den an enterprise isselected i.e. Reviveaphone. They repair damaged cell phones within a day. Fundamental aim ofthis assignment is to describe strength as well as weakness of company. It is essential for firm toacquire opportunities; so that, they can cope up from their shortcomings. An assessment plan willbe formulated by manager to achieve coveted targets and goals within limited period of time.Along with this, it is required for an association to manage change adequately as this will help toimprove work performance of staff members.TASK 11.1 Profits of small business with identifying its strengths and weaknessesSamll enterprises are run by individuals according to their own regulations as well asrules because they have all privileges to take judgement for their business. Instead of this, eachfirm has their own weaknesses and strengths which will help them to determine their realposition in the marketplace. By maintaining their strengths at market, company will improvetheir goodwill effectively (Eid and El-Gohary, 2013). Reviveaphone is a small businessenterprise which is situated in the UK and they are doing their business in phone repairing.Almost 10 individuals are working with them. Enterprise is situated on a prime place so that theycan easily attract numerous people towards them. Additionally, they are giving quality servicesto people which will aid them maintain their customer base. Therefore, for this purpose employerof Reviveaphone will conduct SWOT analysis. Strengths:Fundamental strength of firm is that they have variety of business in different sectors.They are continuously growing in the market. Framework of working is much efficient and therefore, employees will do their work inproficient manner.Weaknesses:1
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