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Small Business Enterprise Assignment(SBE): Qbic Hotel

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Added on  2020-06-04

Small Business Enterprise Assignment(SBE): Qbic Hotel

   Added on 2020-06-04

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SMALL BUSINESSENTERPRISE
Small Business Enterprise Assignment(SBE): Qbic Hotel_1
Table of ContentsINTRODUCTION...........................................................................................................................11.1 Profile Of Qbic Hotel including strengths and weakness.....................................................11.2 Carry out an analysis of the business using comparative measures of performance............22.1 Recommend with justification, appropriate actions to overcome the identified weaknessesin the business.............................................................................................................................32.2 Analyse ways in which existing performance could be maintained and strengthened.........42.3 Recommend with justification, new areas in which the business could be expanded..........53.1 Produce an assessment of existing business objectives and plans........................................63.2 Revise business plans to incorporate appropriate changes...................................................73.3 Prepare an action plan to implement the changes.................................................................84.1 Report on the impact of the proposed changes on the business and its personnel..............10IMPACT OF THE PROPOSED CHANGES ON THE BUSINESS........................................104.2 Plan how the changes will be managed in the business......................................................104.3 Monitor improvements in the performance of the business over a given timescale...........12IMPROVEMENTS IN THE PERFORMANCE OF THE BUSINESS....................................12REFERENCES..............................................................................................................................14
Small Business Enterprise Assignment(SBE): Qbic Hotel_2
INTRODUCTIONA small business enterprise is considered as a business that involves the employment of afew numbers of employees. These are privately owned firms who does not work with a focus ofkeeping higher targets and goals. These organizations can be any retail stores, grocery stores,restaurants etc. Small business enterprises have a distinct way of identifying and implementingthe characteristics that makes them different from the large companies. The report is aboutinvestigating the performance of Qbic hotel and along with it, revising all its business objectivesand plans for incorporating all the changes. It also includes the change management and itsimpact on various operations of the Qbic hotel.1.1 Profile Of Qbic Hotel including strengths and weaknessName of the businessenterpriseThe Qbic hotelLocationLondonEstimated value£5-8000MissionThe mission of the Qbic hotel is to satisfy their customers byproviding them every facility they want. StrengthsThe Qbic hotel provides a sort of small relief on taxes. ASother hotels charge a huge amount of tax on rooms as wellas the dining, but the Qbic hotel provides a relief on this. Itdoes not charge any extra amount rather than the normal rateof the room and the specified food items (Storey, 2016). Along with the rooms and a perfect dining experience, thehotel also has a small gym for the people who are in routineto the gym and can't gym because of holidays. This featureof the hotel makes it different from the others. The hotel has another great consideration as it is referred aspet friendly, which means it allows the pets of the people aswell without bothering about that the pet may unclean thewhole hotel. So, it allows pets as well. WeaknessOne of the biggest disadvantage of Qbic hotel is that it has a1
Small Business Enterprise Assignment(SBE): Qbic Hotel_3
very small conference room. It can only occupy 9-10members, which is not a good deal for large conferences.Many people who visit the city for conferences obviouslywants a huge and a larger space for the meetings, but Qbic isnot able to provide them that efficient space. The Qbic hotel has only two chains, one in London and theanother one in Amsterdam. It has no other branchthroughout the world. This makes the hotel less popularbecause it is not expanded in other countries. It is restrictedto only these two cities. The hotel has very limited ways of promotion and that tooare not so efficient. Because of which, very fewer peopleknow about the hotel and are aware of the facilities that theQbic hotel provides. 1.2 Carry out an analysis of the business using comparative measures of performanceFrom the analysis it was it is identified that due to ineffective marketing tactics in 2015,the sales has been reduced.Year ending 2016Qbic hotelMaxin curryEmployee turnover rater4.00%8.10%Employee job satisfaction85.00%65.00%Job offers35.00%18.32%Absenteeism18 Days 25 DaysYearProfit after tax 20% ($000)Profit before tax ($000)201648853020154355202014385436201342551020124154902
Small Business Enterprise Assignment(SBE): Qbic Hotel_4

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