Investigating the Performance of a Small Business Enterprise

Small Business Enterprise
Name
Institution

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Contents
LO1. Be able to investigate the performance of a selected small business enterprise................................3
1.1. Produce a profile of a selected small business identifying its strengths and weaknesses...........3
1.2. Carry out an analysis of the business using comparative measure of performance....................5
LO2. Be able to propose changes to improve management and business performance.............................6
2.1. Recommend with justification, appropriate actions to overcome the identified weaknesses in the
business...................................................................................................................................................7
2.2. Analyse ways in which existing performance could be maintained and strengthened.....................7
2.3. Recommend with justification, new areas in which the business could be expanded......................9
LO 3. Be able to revise business objectives and plans to incorporate proposed changes...........................9
3.1. Produce an assessment of existing business objectives and plans...................................................9
3.2 & 3.3 Revise business plans to incorporate appropriate changes....................................................10
LO 4. Be able to examine the impact of change management on the operations of the business............11
4.1. Report on the impact of the proposed changes on the business and its personnel.......................11
4.2. Plan how the changes will be managed in the business.................................................................12
4.4. Monitor improvements in the performance of the business over a given timescale.....................13
References:................................................................................................................................................14

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LO1. Be able to investigate the performance of a selected small business
enterprise
A small business enterprise is a revolutionary change in the business world. The small business
enterprises are the grass root level of a successful business. The enterprises are used to be set up
with a sum of cheap capital. The Fontain Motors Ltd of the United Kingdom is a small business
company which has shown growth in its business. The company was established in the year
1990. The interesting fact is that this automobile organisation is the first sovereign trader who
provides its unique services for Audi cars in the United Kingdom (Sharafizad, & Coetzer, 2016).
1.1. Produce a profile of a selected small business identifying its strengths
and weaknesses
Like all the large companies the small business enterprises also bear the strengths and
weaknesses of the association regarding its internal and external factors. The strengths and
weaknesses of the Fontain Motors Ltd are discussed in the below –
Strengths
Individual handling:
Consumers will over and over again reimburse a premium for modified concentration. In various
organisations where services and costs distinctions are negligible, the particular aspect comes out
as a major bloodthirsty benefit (Bridge, & O'Neill, 2013).
Superior inspiration:
Chief administration of a small enterprise like Fontain Motors Ltd usually forms of the
proprietors. They give their best efforts, for a long time and with added individual participation.
Benefits and wounds in the earning have more sense to them than remunerations, and additional

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benefits like compensations have to the workers of an international corporation (Bamiatzi, &
Kirchmaier, 2014).
Better suppleness:
A small business enterprise carries remarkable improvement of suppleness. Large business
corporations never discontinue process with no resistance from prearranged efforts or still
enlarge charge of their services without possible involvement from the administration. Small
enterprises have limited outline of the announcement (Turner, 2013). Their merchandise defences
are slight, their marketplace is restricted and their industrial unit and stores are the slam. They
can speedily mark problem or chance and get suitable accomplishment.
Fewer administrations:
In small business the entire difficulty can be measured gladly, the verdict can be in use rapidly
and the consequences checkered with no trouble. But in an international corporation, false
organisation arrangement can guide to hold up in use achievement, and technically manipulates
(McAdam, McAdam, Dunn, & McCall, 2014).
Inconspicuous: A small company can attempt current trade plans or bring in latest services with
no magnetise unwarranted concentration or conflict. It is probable for the reason that it is not
fairly as distinct as international business. Large corporations continually featured with substitute
encounter conflicted trust measures and administration policies. It is also rigid and tight to
modify or reorganize (Jolly, 2013).
Weaknesses
Economic restraint:
Small enterprises discover it complicated to obtain adequate finances for their actions. It is