Small Business Enterprise Assignment Sample
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Added on 2020-06-04
Small Business Enterprise Assignment Sample
Added on 2020-06-04
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Small business enterprise
ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A). Profile of the WH Smith Ltd and its strengths and weaknesses:.....................................1B). Analysis of business implementing comparative measures of performance: ..................3TASK 2............................................................................................................................................62.1 Recommendation in order to overcome the identified weaknesses:................................62.2 Analysis of the manner under which current performance can be handled andstrengthened:...........................................................................................................................62.3 Recommendation with justification, new areas under which the business could beexpended:................................................................................................................................7TASK 3............................................................................................................................................73.1 Assessment on the current business objectives and plans:...............................................73.2 Revising business plans to introduce adequate changes:.................................................83.3 Forming action plan to implement changes:....................................................................9TASK 4..........................................................................................................................................104.1 Impact the proposed changes will have on the business and its personnel ...................104.3 Improvement in the performance of the business over the previous two years:............11CONCLUSION:.............................................................................................................................12REFERENCES..............................................................................................................................13APPENDIX....................................................................................................................................15
INTRODUCTIONSmall business is the unit which is operated in the small part. However, this can be said that thecompany needs to make their business operations in an effective manner. Small businessenterprise is the firm which comprise few members for doing the business operation in aneffective manner in order to gain the sustainability (Blackburn, Hart and Wainwright, 2013). Themain objective of the entrepreneur is to make certain strategy that can be used in order to sustainthe business. However, this can be seen that the small business enterprises help to improve theeconomy of the nation. However, SMEs’ eliminates the financial constraints such asunemployment, infrastructure and many more. Under this report, current activities of theBestway Holding Ltd are assessed and make changes accordingly. Apart from this, detailedassessment of the cited company can be done.TASK 1A). Profile of the WH Smith Ltd and its strengths and weaknesses:Name and address of the Bestway Ltd:The Best way holding Ltd is a kind of company which operates with its subsidiaries inwholesale, banking, cement real estate in the UK. The registered office of the Best way holdingcompany is situated at Abbey Road, Park Royal London, NW10 7BW, UK .Owner structure: The cited company is the public Limited company which is the UK’s second highest cash andcarry operator. Which have more than 60 Bestway outlets throughout in UK. Quoted companiesCash and Carry customers covers more than 100,000 independent retailers and food serviceindustry (Anderson, 2011). the cited company is likewise an important cement producer inPakistan and the majority shareholder in the United Bank Limited which is one of the Pakistan’slargest private banks which have more than 1100 branches.The main executive of the Bestway Ltd are as follows:Mr. Zameer Mohammed Choudrey CBE,FCA is the Chief Executive Officer and theDirector.Sir Mohammed Anwar Pervez O.B.E., H.PK is the founder and the chairmen of thecompany.Mr. Rizwan Pervez is the director of the wholesale operations and the dorector.1
Mr. Arshad Mehmood Chaudhary is the director for Supply Chain & LogisticsBackground of the Company: The Besway Ltd was founded in 1956 in London. The founder of the company was MohammedAnwar Pervez. Who has given his keen interest for making the organisation into the peak level.Although, this can be said that the company needs to make certain tools that could help out torender effective strategy effectively.Activity of the Bestway Ltd:The main activity of the Group at the year was the operation of cash and carrywarehouses in the UK supplying groceries, tabacco, wines and beers and diverse householdgoods along with the real estate investment in the UK. Best way Ltd wholesale businessactivities covers operation of common food stores which offers diverse groceries and drinks,provision of foodservice solutions which covers catering for food and licenced goods forcontracted corporations, like-independent care homes, hotels, multi-site operations, and others.The mission of the company is to “build business for the independents”. Business location: The business of the Bestway Ltd is throughout the England, Scotland and and its main objectivesis to expand their business operations in most leading countries.Strengths and Weaknesses of the Bestway Ltd:The market reflects the growth potential. Firms under this market address an enhancing demandfor their goods and services. SWOT analysis of the Bestway Cement Ltd renders a strategicreport of the firms and operations of the company (Van Der Wijst, 2012). The SWOT analysisreflects strengths, weaknesses and Opportunities and threats. This SWOT analysis of theBestway Cement Ltd could render a competitive advantage.There are some points which describe the strengths and weaknesses of the cited company that arediscussed as under: StrengthsWeaknessesThey have excellent staff members inthe company which helps the firm toenable sustainable development. Brand portfolio.Future market size.Less motivation of employees.2
Bestway Ltd provides various facilitiesto their stakeholders which assist themanagers of the company to gain thecompetitive advantages.Effective and excellent trainingprogrammes for staff membersproperly.They also have current businesstransformation campaign whichconcentrates on its employees and thisalso had a series of conferences thatarose by the employees reflecting entireareas of the company.Better understanding of consumers.Personnel of more qualification.Skilled labourThe less clear strategy in a dynamicenvironment.Lack of leadership and managerialskills. Due to the organisation’s antiqueperformances, enhancing demand of thecustomers could sometimes does notmeet out due to the less supply.Doe to having the mass production, the citedcompany needs to operates its diverse divisions(Singh, 2011). Sometimes, an adequatecoordination among the departments andemployees is not become possible.B). Analysis of business implementing comparative measures of performance: Financial statement is the tool which is used by the financial analysts in order to analyse theirbusiness performance. However, this can be said that the company, with the help of ratios,manger and various stakeholders can know the actual positions of the firm. this is the mostcrucial part of the financial analyst (Ainin and et. al., 2015). Under this case, this can be foundthat there are two companies and by using their financial statements, the performance of themcan be analysed effectively. However, this can be said that the company can use their businessobjectives in an effective manner. Ratios are used by the company making comparison of thefirms. There are so many ratios that can be used by the firm such as profitability ratios,efficiency ratios, and others. under this case, the comparison between WH smith limited and Bestway holding plc is going to be done by using ratio analysis by interpreting the financialstatements of both companies (Sila, 2013).Ratio Analysis: Ratio analysis comprises to evaluate the performance and financialefficacy of an organisation by implementing data from the existing and historical financial3
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