Small Business Enterprise - Assignment Sample
Added on -2020-07-22
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Small Business Enterprise
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Profile of a small business to identify its strength and weakness.........................................11.2 Analysis of business using comparative measure.................................................................3TASK 2............................................................................................................................................42.1 Recommendation to overcome weaknesses..........................................................................42.2 Ways to maintain existing performance................................................................................52.3 New areas for expansion of business....................................................................................6TASK 3............................................................................................................................................73.1 Existing business plans and objectives.................................................................................73.2 Revise business plan to incorporate appropriate changes.....................................................93.3 Action plan for implement changes....................................................................................10TASK 4..........................................................................................................................................114.1 Impact of change on business and its personnel.................................................................114.2 How the changes will be managed in the business.............................................................114.3 Improvements in business performance over a specific time period..................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14Books and Journals........................................................................................................................14.......................................................................................................................................................14
INTRODUCTIONSmall business enterprise is more important for the economic growth of the country.Because operating business is an effective activities which defines new and innovative ideas forincreasing their overall performance in effective manner. One of the main aims of smallbusiness enterprise is to fulfil customers’ needs as per their requirements. It introduces a betterplatform in which they give chances to the local people for showing their talent in front of largeaudience. This type of business undertakes various market researches to operate their businessactivities to capture a large market share in an effective way. In today's modern era, variouschanges are rapidly taking place in the business activities and so, that it is important for companyto implement all changes effectively (Harris and Patten, 2014). Mainly, small businesses arethose enterprises which operate by an individual or group of people with new ideas for achievingoverall goals and objectives effectually. They introduce innovative products and services insociety to satisfy needs and improve their living standard. Present report is based on Zizzirestaurant which is a small business in the UK. This report include various methods and newareas in which the expand their business in appropriate manner. Along with this it also definerecommendation and monitoring process to reduce the conflict situation in order to attain thehigher success.TASK 11.1 Profile of a small business to identify its strength and weaknessSmall business enterprise are essentials for the economic because it defines variousopportunities to the local peoples so that they easily improve their living standard which directlyimpact of economic growth. This type of enterprise set their business with new and innovativeideas in order to provide quality services to their customers in order to get their highersatisfaction. It also helps in increasing the employee’s skills and knowledge in an appropriatemanner so that they would easily manage all the activities of business. Along with this, it is moreimportant for company to define their actual status in the market so that they would easilyachieve their target. For this, SWOT analysis is an important tool to identify the strengths,weaknesses, opportunities and threats (Blackburn, Hart and Wainwright, 2013). According tothis method, manager of Zizzi restaurant takes an effective decision which helps in reducing thechances of arising problems. For getting competitive advantage, company provides high quality1
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