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Small Business Enterprise Assignment - Baby Bear

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Added on  2020-10-04

Small Business Enterprise Assignment - Baby Bear

   Added on 2020-10-04

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SMALL BUSINESSENTERPRISE
Small Business Enterprise Assignment - Baby Bear_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK1.............................................................................................................................................11.1)Identification of strength and weaknesses of Small business enterprise..............................11.2) Business analysis with comparative measures of performance...........................................2TASK2.............................................................................................................................................52.1)Actions to confront the weaknesses of organisation.............................................................52.2)Methods to maintain existing performance and strengthening it..........................................62.3) New areas where company can expand its business............................................................7TASK3.............................................................................................................................................83.1)Assessment of existing business objectives and plans..........................................................83.2) Revision of business plan for new changes.........................................................................93.3) Actions plan for company....................................................................................................9TASK4...........................................................................................................................................114.1) Impact of changes on business and its people...................................................................114.2) Change management in business.......................................................................................124.3)Improvements in the performance of business in given time.............................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
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INTRODUCTIONSmall scale organisation are the types of businesses where works are carried out in verysmall level and employees are very less. Generally number of manpower working in these kindof enterprises are around 250, and the sale volume of the companies are also not so high. Mostlysuch organisation are controlled and governed by private sector like partnership, soleproprietorship and many more. As to carry out all the operations and functions in an effectiveand appropriate manner it is very essential for the business enterprise to follow and laws andguidelines that are introduced by government in nation. It is very beneficial for a companybecause it will assist in attaining competitive advantages and to sustain in market (Altman,Sabato and Wilson, 2010).Baby Bear is a small scale enterprise which is dealing with the baby care homes for smallbabies in United Kingdom. It is availing services to the families where both the member areworking and so kid as sent to these place for day care. It also has two nurseries that are dealingand working in UK itself. This company provides childcare service which is very beneficial forchild's development and avails safety, security and stimulating environment for the growth ofsmall kids.TASK11.1)Identification of strength and weaknesses of Small business enterpriseSmall business enterprises are very much concern about the customers in market asbecause they are willing to grow and develop in competitive scenario. Hence they use to servethe clients in most appropriate manner and prices are also very low. It is an important aspectbecause this will help it to sustain in market in most influencing manner. Baby bear is a smallscale enterprise which is dealing in market to provide baby care services from very young. Theservices are mostly availed by those parents who are working (Audretsch and Link, 2012). Thetimings of the firm is 7:30 AM till 6:00 PM, it is working in regular basis besides nationalholidays and 5 days for Christmas. As to understand the strength and weaknesses it is importantto to carry out the SWOT analysis of Baby bear organisation.SWOTStrengthIts quality is the qualified staff. WeaknessesThey are new in this area. 1
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Staff are very well trained and arecapable to serve clients.Experiencedandcompellingadministration in industry. Set up best practice through varioustechniques (Bridge and O'Neill, 2012). Accessibility of adequate income.Rapidly reaction on issues indetermined time. Adaptability to embrace new changes. Few overheads.Poor mindfulness among the vastpublic.Dubious assets amid start up. Need in compliances with nearby, stateand government laws. High cost of running business includingutilities and nourishment. Absence of value nourishment andadministrations Need in support of focus on thegrounds that these costs areexceptionally costly.OpportunitiesRich neighbourhood with highpopulace of double wage families. They can give their administrations athome. To worker those staffs who can runwith guardians to office on the groundsthat in exhibit time, corporate housesare demonstrating uncommon space tokeep youngster.ThreatsEra of new business in comparativeregion. Lack of qualified and talented staff partwhich result in disappointment of theirmarketable strategy. Inadequate strong staff individuals.1.2) Business analysis with comparative measures of performance.Examination of business is required to direct time to time with the goal that extra factors that arerequired for fortify its execution can be embraced. Execution can be measured through monetaryinformation and non money related information. It is essential portion that can be utilized todistinguish the range where it is required for business to commit more push to fortify its position(Burns, 2010). This is vital instrument to make examination of present money relatedinformation with past. It recognizes its present position and to detailing of future arrangement.Distinctive strategies can be utilized by business to gauge its execution as Graphic rating scales,2
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