Small Business Enterprise | Mc Donald
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Added on 2020-02-05
Small Business Enterprise | Mc Donald
Added on 2020-02-05
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Small Business Enterprise
IntroductionSmall business enterprise mean start a new innovative business at any place and provide effective and innovative products and goods to customers and try to set a effective image in the market and their customers mind. All business wants to build monopoly in the market try to beat all competitors. Mc Donald is the small business enterprise its want to start a new and innovativebusiness and want to achieve objective and goals those are set by their head of the department. Mc Donald is the food chain that provides different foods to customers and builds a effective image in the market and give proper satisfaction to them. If in case they have any issues and problems so they give proper satisfaction to them and provide good quality of products at reasonable range (Bridge O'Neill2012). In the other hand, small business enterprise is the new and innovative business with new and innovative ideas and things those are help to increase productivity and build monopoly in their market.Task 11.1 Produce a profile of a selected small business identifying its strengths and weaknesses.Small business enterprise is the new start business with new and innovative ideas and views, all kind of business wants to set a effective image in the market and achieve their goals and objectives those are decided by their business’ head. Small business enterprise is the small volume business with low quantity of employees with some decided goals and objectives. Mc Donald is the small business enterprise it’s want to set or build an effective image in their marketand their customers mind to provide them good quality of foods and services and give them proper satisfaction by them (Storey, 2016). When start a small business so there is some strength and weaknesses front of business employees and head of the business those are has to be faced by them. Those are under the below: StrengthStart business with new and different innovative ideas and viewsTry to set or build a effective image in the market and their customersBusiness employees should be manageable in nature and their servicing facility and style should be attractive.WeaknessesWhen start small business enterprise has be build a good and strong relationship with their suppliers and customersTry to give proper satisfaction to customersTry to understand competitor’s strategy and techniques.1.2 Carry out an analysis of the business using comparative measures of performanceSmall business enterprise in hard to measure and analysis performance of their businessand their employees (Ackermann and Audretsch 2013). When start a small business so has to
find out market trends, customers needs and wants, new ideas and techniques, servicing system etc. without understand customers and market so it’s hard to develop performance those employees and not give proper satisfaction to them. For measure and increasing performance of employees so has to be find out and understand market trends and conditions after that prepare planning and design for their business. After start the business ahs be find out business’s objectives and goals they are able to achieving or not and also find out their financial progress their return or profits(Curran and Storey2016.). Its helps to define status of the business through this status easy to analysis and understand reputation in the market. Its help to develop performance of employees and their service facilities to customers. Reviewing financial status of the business if it becomes down so easy to adopt new techniques and systems of working. Measuring performance of business and their employees helps to define status of the business and give to chance to adopt and use new and smart techniques and system of working so they can improve their working performance and efficiency of working.Task 22.1 Recommend with justification, appropriate actions to overcome the identified weaknesses in the business. When start a business has been face some problems and issues front of employees and departmental head of the business. They all have weaknesses to fight challenges in the market and their competitors. So when start a small business enterprise so always try to adopt new and smart technology for developing their in the market. if they face some problems and issues through the market, customers, regarding products and goods etc. so has be find out and understand after that try to remove them fast and with suitable solution(Blackburn and HartWainwright2013). For build an effective image in the market and provide good and effective services to customers so has to be understand their needs and wants and give them servicing and facilities according to their needs and wants. weaknesses of a business may be down the reputation in the market so has to be adopt some removable techniques and methods and give perfect directions to employees of working they can be give proper satisfaction to them and help to achieve their decided task and goals. For removing weak points of their business so find out issues and challenges first then adopt according to situation new techniques and methods and then create a effective planning and design and implement in the business and give proper information regarding their business system and define all process of working to employees.2.2 Analyze ways in which existing performance could be maintained and strengthenedMc Donald is the small business enterprise its provide services and foods to customers with best quality of products and it’s want to set or build a effective image in the market and their customers mind to manage and maintain existing performance so has be adopt new and smart techniques its help to develop their performance and working quality(Gronum,Verreynneand Kastelle 2012). To maintain status in the market and customers regarding their products and goods so has to provide some extra services with smart ideas and techniques, try to attract maximum customers to buy their products and goods in their life and give review or feedback to
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