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Small Business Enterprise Report (PDF)

   

Added on  2020-09-08

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Small Businessenterprise

Table of ContentsINTRODUCTION...........................................................................................................................1TASK-1 ...........................................................................................................................................11.1 The strength and weaknesses of Unicorn company..............................................................11.2 The comparative measure of performance ...........................................................................2TASK-2............................................................................................................................................32.1 The solution to overcome weaknesses of the company........................................................32.2 The ways to maintain existing performance ........................................................................32.3 The new areas in the business...............................................................................................4TASK-3............................................................................................................................................53.1 Assessment of existing business objective and plans...........................................................53.2 Business plan to incorporate changes...................................................................................63.3 Action plan to implement changes........................................................................................8TASK-4 ...........................................................................................................................................84.1 Impact of the proposed changes on the business..................................................................84.2 The changes will be manges in the business.........................................................................94.3 Monitoring improvements in the business performance ......................................................9CONCLUSION..............................................................................................................................10REFERENCES .............................................................................................................................11

INTRODUCTIONSmall- business enterprise provide employment to a few workers and the volume of salesis also not so high. Such type of enterprises are owned privately .By industry or country the legaldefinition of small- enterprise can vary. In the small enterprise the number of employees that areworking are less than 250 (Chell,Nicolopoulou and Karata?-Özkan, 2010.).Unicorn is a cooperative grocery store that is situated in UK. The fresh, dried andprocessed food and drinks and the general grocery items for household and body care are sold bythis company. This report will present the strength and weaknesses of unicorn company. Usingcomparative measure of performance analysis will be conducted in this report. This report willalso provide the solution in order to overcome the weakness of the company. The ways in whichthe existing performance can be maintained will also be proved in this report. The assessment ofexisting business objective will also be produced. This report will also plan how the change willbe managed in the business.TASK-1 1.1 The strength and weaknesses of Unicorn companyOrganization name -Unicorn groceryVision-“To produce a high value business for the customers they serve andin the communities which they operate”Mission -The vision of the company is to expand its business acrossglobe To develop more innovative ,modern ideas To inspire ,earn trust from their customersKey people -The member and owner Roger Sawtell mainly control the bushiness.Owner structure -Privately owned company in UKHistory -On September 21,1996 the shop opened from an original workinggroup of two people. From sources such as industrial commonownership finance Ltd. the financial support and advise came.Key activities -The unpacked organic food fruit and vegetables ,prepared food aresold by the company (CHUANG and Liao, 2010.).1

Location -England, Manchester Strength -The major strength of this company is that strong customer-base is there as it is due to location where it is situated. The staff and workers that are working are experiences andthe right treatment to guests is given by them (EuropeanCommission, 2016.).Weaknesses-The structure of the organization is not structured and due tothere is always confusion among staffs. The work process is hampered due to sudden arrivals of theguest. There is a lack of planning and management. The new services in this organization is not being introducedas there is a shortage of funds (Jones and Robinson., 2012.).1.2 The comparative measure of performance Comparison of performance between unicorn and Nisa Unicorn NisaYearSalesNet profitNet profit ratioYearSalesNet profitNet profitratio201120001256.2520111500755201218001106.111111111120121400755.3571428571201316001006.2520131200705.8333333333201419001206.3157894737201418001106.1111111111201515001006.666666666720151200705.8333333333In this above table ,a comparison of performance between two companies have beendone. The two companies that have been taken is Unicorn and Nisa. As one can see that theperformance of Unicorn in year 2011,2012,2013,2014 and in 2015 is better in comparison withNisa. The net profit ratios of this company is higher than the other company (Wood and Creed,2012). In the year 2011 the net profit ratio of unicorn was 6.25 whereas the net profit ratio ofnisa was 5% .In the year 2012, the net profit ratio of unicorn was 6.25% whereas the net profitratio of nisa was 5.37 % .In the year 2013 , the net profit ratio of unicorn was 6.25% whereas thenet profit ratio of is was 5.83%.In the year 2014, the net profit ratio of unicorn was 6.31%whereas the net profit ratio of Nisa was 6.11 %.In the year 2015, the net profit ratio was 6.67%wheres the net profit ratio of Nisa was 5.83%.Thus it can be concluded that in all these the profit2

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