Small Scale Enterprise Report - Nisa Retail Limited
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Added on 2020-07-23
Small Scale Enterprise Report - Nisa Retail Limited
Added on 2020-07-23
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SMALL BUSINESSENTERPRISE
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Profile of NISA company and its strengths and weaknesses................................................11.2 A comparative analysis of measuring performances of the company...................................2TASK 2............................................................................................................................................32.1 Actions taken in order to overcome weaknesses of the organisation. ..................................32.2 Methods to improve performances and strengths of the company.......................................42.3 New areas under which the business can be expanded.........................................................4TASK 3............................................................................................................................................53.1 Analysis of objectives and plans of an existing business......................................................53.2 Applying some changes to business plan for efficiency.......................................................63.3 Preparation of action plan to carry out any required amendments........................................7TASK 4............................................................................................................................................84.1 Changes in the business plans and there influences..............................................................84.2 Managing of the changes in the businesses...........................................................................94.3 Over a given time period monitoring improvements in business.......................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONSmall business or a small-scale firms is a type of administration in which small numberof workers are employed and no high guarantee of sales occur in such firms. Usually these kindof enterprises are generally private or owned by individuals. It can be even operated in soleproprietorships, partnership or corporation (Abor and Quartey, 2010). Small scale enterprises aredesigned to encourage more participation of small businesses in many fields like transportation,marketing,etc. This report is based on Nisa Retail Limited is a brand and buying firm ofindependent retailers and wholesalers in the United Kingdom. It is a mutual organisation that isowned by some members and operation is done using collective buying of power of a largegroup of members to negotiate on the deals with suppliers. Its headquarters are located inScunthorpe, North Lincolnshire. It also has distribution depots for temperature controlledproducts at Stoke-on-Trent and Harlow, Essex. The main purpose of this report is to analyse thestrength and weakness of the cited firm and carry out a comparative measure of improving theperformances. It also discuss about steps of overcoming those pros and cons. There is an analysisof already existing business objectives. Apply some changes to the action plan and that lead toimprovement.TASK 11.1 Profile of NISA company and its strengths and weaknesses.NISA Retail Limited is a company that has a great brand and large group of buying ofdifferent retailers on personal and individual level (Ackermann and Audretsch, 2013). This is awhole company in UK and it is owned by members and is mutual organisation. This companyhas some strengths as well as some weaknesses. The strengths and weaknesses comes under theinternal factors of organisation.Strengths of the company: It refers to the company's capabilities and capacity of variousaspects which are essential. Strengths can lead to great advantage to the cited firm which willmake it stand out from their competitors. Some of the strengths of the company are mentionedbelow:The need of market in a small firm lead to great success of that company. This organisation has caused to develop excellent quality of products and it would befresh and attractive.
It also provides broad range of products which gives many choices to the customers andgrasp their attention. One major strength of this collaboration is its business location. The place where theycarry out their marketing has a great impact on the business (Altman and Wilson, 2010).This can cater a lot of crowd and attention easily with basic efforts. The responsibility of the cited firm is to maintain a good reputation with the customers tohold them for longer period of time. All these steps would cause the sales to growrapidly.Weaknesses of the company: It basically symbolises the limitations or the deficiency ofthe company. This factor can make the NISA Retail Limited company loose from theircompetitors or win from them. They need to work on its weaknesses to improve its efficiency.There can be aspects on which the firm do not perform well, for those factors the companywould have to work more importantly. Improving the incapabilities of the company can lead tosuccessful path of the cited firm. Some of the weakness are:Lower quality of products in comparison with their competitors.Cannot build a brand name for the company.Cost of renting can be very high.1.2 A comparative analysis of measuring performances of the company.Performance measurement can be defined as process of collection, analysing, andreporting of information with respect of the activity of individual people, group, organisation, orany establishment (Bellucci, Borisov and Zazzaro, 2010). This method of continuous monitoringcan lead to proper analysis of the facts and issues in the company and this will result in valueaddition of the core objectives of the system. It studies the list of points of the cited company andwork out the strategy to effectively improve them. This will allow them to see whether the outputare in lined or not, and what are the issues will are still not accomplished. The steps taken toimprove the performance of company and measure the comparative analysis of all the steps:Monitoring performance: Continuous observation of the performance of the businesscan lead to awareness of all the programs of the NISA Retail Limited organisation andthis lead to improvements in the various sectors.Innovation Measures: For the cited company to work effectively with propercoordination of their workers and employees, there should be many innovative schemes
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