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Small Business Enterprise Assignment - Allington Manor

   

Added on  2020-12-10

15 Pages4648 Words74 Views
Small BusinessEnterprise

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 A profile of a selected small business identifying its strengths and weakness................31.2 An analysis of business using comparative measures of performance.............................4TASK 2............................................................................................................................................62.1 Recommendation to overcome identified weakness in business .....................................62.2 Ways in which existing performance could be maintained and strengthened..................6TASK 3............................................................................................................................................83.1 An assessment of existing business objectives and plans................................................83.2 Revising business plans to incorporate appropriate changes...........................................93.3 An action plan to implement changes ...........................................................................10TASK 4..........................................................................................................................................114.1Impact of proposed changes on business and its personnel............................................114.2Ways in which changes can be managed in business......................................................114.3Monitor improvement in performance of business over a given time scale....................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTIONSmall businesses are playing an important role in attaining growth and development in aneconomy. The operations of small business enterprises help in giving employment to a group ofpeople so that they can fulfil their basic needs (Acs, Audretsch and Lehmann, 2013). Smallbusiness enterprises are companies which do not have more than 50 employees working withinit, has few resources and has a low sale in an extent. Nowadays people are being more inclined tosmall business enterprises for doing and running a business as they are grabbing a specific placewithin market place. This report isabout Allington Manor which is located in UK and foundedin 2010. It is a small scale enterprise in hospitality industry and provides hotel facilities andservices to its customers. This assignment mentions investigation of performance of a selectedbusiness enterprise and changes to improve management and business performance. Moreover, italso shows revised business objectives and plans incorporate proposed changes and impact ofchange management on the operations of the business. TASK 11.1 A profile of a selected small business identifying its strengths and weaknessSmall business enterprises are those which do not involve more than 50 employees whichare involved in activities of enterprise. These operations helps in growth of an economy sincethey have given growth to economy by providing people with employment .Allington Manor is a small business enterprise within hospitality sector along with 3rooms within it and was founded in 2010. It is owned by private owner and is trying to expand itsmarkets in all over the world. Main objective of this hotel is give satisfaction to customers orguests by providing them basic facilities within hotel place. Mission: To provide best services to customers and exceed their level of expectation.Goal: To expand its business in other locations of UK within two years. Overview of Allington Manor:Small business Allington ManorOwner structure This business is classified as a soleproprietorship where only a single owner runsits business (Barber, Metcalfe and Porteous,

2016). HistoryThis hotel started with a single room wherethey only have accommodation facilities. Lateron they add more facilities and made morerooms. ActivitiesOffers luxury beds as well as accommodation,private dinning, etc.Location It is located at Lincolnshire, UK.DescriptionProvide hotel services to guests.Strengths and weakness of Allington ManorStrengthsWeaknessDeveloped online websites so thatpeople can easily do bookings(Bernaert and et. al., 2014).Provide 5 star services to their guests. They make delicious food so thatrequirements of guests can be meet.They have polite staff with friendlyenvironment. Top floor room were small. There was not air conditioning in thisroom. Sources of finance are not adequate. Not having skilled and well trainedstaff. 1.2 An analysis of business using comparative measures of performanceRecently, enterprises are having difficulty to gaining sustainability in a competitivemarketplace for a longer duration. Performance of a business is determined by implementingdifferent tools and techniques. Here, in Allington Manor factors of performance is measuredthrough various other factors such as human resource management, planning and various stagesinvolved in planning (Chow and et. al., 2011). This hotel has many competitors as there arevarious small hotels which are giving 5 star services and facilities in order to earn profits andproductivity. In their initial stage when enterprise started their business they could not competewith other hotels as they were having issue of shortage of funds.

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