Profile of Small Business Firm : Report
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Added on 2020-07-23
Profile of Small Business Firm : Report
Added on 2020-07-23
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SMALL BUSINESSENTERPRISE
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Profile of small business firm...........................................................................................11.2Analysis if business with the comparative measurement of performance........................3TASK 2............................................................................................................................................42.1 Analysis of effective actions to overcome weaknesses....................................................42.2 Directions to maintain the present market performance...................................................52.3 Evaluation of new areas for expansion of business operations........................................6TASK 3............................................................................................................................................73.1 Developing an evaluation of current business policies and goals....................................73.2 Revision of plan to make effective changes.....................................................................83.3 Development of action plan .............................................................................................9TASK 4..........................................................................................................................................114.1 Affect of changes on the business and its workforce.....................................................114.2 Planning for the management of changes in business....................................................124.3 Monitor improvements in the performance of business.................................................12CONCLUSION..............................................................................................................................13Illustration IndexIllustration 1: THIRDWAY LOGO.................................................................................................2Illustration 2: ACES model .............................................................................................................8
INTRODUCTIONAround the world, there are various business organizations regulating their businessoperations at small scale and provide effective contribution towards increasing the growth anddevelopment of country (Stokes, Wilson and Wilson, 2010). They are considered as smallmedium enterprises which are owned by small entrepreneurs, business ventures to achievefinancial growth in market and establishing their own brand image in market. In this context, asbusiness consultant of ThirdWay which is small-business-enterprises operating their business bydeveloping offices and interior designing for commercial enterprises etc. Profile of company isdeveloped to determine the vision, mission and objectives of firm towards regulation of businessoperations. It also determined that government of UK plays a significant role and providesfinancial assistance to make them grow within the country. At last, development and evaluationof firm's business plan is done to analyse the appropriate steps should be taken by firms toachieve success and expand business.TASK 11.1 Profile of small business firm.In growth and development of every country, there is high contribution of thoseenterprises which are operating at small scale and achieved a continuous growth in market byimplementing changes in their business ideas and action plans (Herbane, 2010). Small businessfirms are also considered as those enterprises which are regulating there business with innovativeideas and delivering effective products and services to their target customers. It is alsorecognised that each business enterprise has to operate its business by developing specific vision,mission and objectives. In this context, profile of Thirdway interiors is analysed in order tocompetencies of firms to expand its business operations.1
NameThirdWay interiorsSector Service sector Address 2nd floor, 3-5 Bleeding Heart Yard, London, London, EC1N8SJScale Small business enterpriseNumber of employees 59Earnings£35,000What they do Interior designing and buildVision: This statement of the company has clearly provided understanding that the firm wants togrow by offering cutting edge, transparent and innovative office interiors fit out alternatives totheir clients.Mission: Most significant desire of firms is to become a champion dependable, reliable andclient focused design and build. They have made their major focus on developing a qualityworking environment, development of competencies, leadership, personal growth etc.Apart from this, SWOT analysis firms is done to recognise the competencies of firm to expandits business at international level. Strengths:Some key competencies of Third way is analysed to recognise the supports towardsachievements business goals.Excellent market reputation among the people as they deliver quality services and uniquedesigns of office interiors at effective prices.2Illustration 1: THIRDWAYLOGO
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