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Small Business Enterprise INTRODUCTION 4 TASK 14 1.1 Scenario, strengths and weaknesses

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Added on  2020-02-05

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Small Business Enterprise INTRODUCTION 4 TASK 14 1.1 Scenario of a small business enterprise, identifying its strengths and weaknesses. 4 1.2 Analysis of the business using comparative measures of performance.5 M1 6 TASK 26 2.1 Appropriate actions required to overcome weakness in the business 6 2.2 Existing performance could be maintained and strengthened.7 2.3 New areas in which the company could be expanded. 10 3.3 Action plan to implement the changes 10 TASK 411 4.1 Impact of the proposed changes on the business and its personnel

Small Business Enterprise INTRODUCTION 4 TASK 14 1.1 Scenario, strengths and weaknesses

   Added on 2020-02-05

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Small Business Enterprise INTRODUCTION 4 TASK 14 1.1 Scenario, strengths and weaknesses_1
Table of ContentsINTRODUCTION ...................................................................................................................................................4TASK 1.....................................................................................................................................................................41.1 Scenario of a small business enterprise, identifying its strengths and weaknesses......................................41.2 Analysis of the business using comparative measures of performance........................................................5M1 ......................................................................................................................................................................6TASK 2.....................................................................................................................................................................62.1 Appropriate actions required to overcome weakness in the business...........................................................62.2 Existing performance could be maintained and strengthened......................................................................72.3 New areas in which the company could be expanded..................................................................................8M2 ......................................................................................................................................................................8TASK 3 ....................................................................................................................................................................93.1 Assessment of existing business objectives and plan...................................................................................93.2 Business plan to incorporate appropriate changes......................................................................................103.3 Action plan to implement the changes........................................................................................................10TASK 4...................................................................................................................................................................114.1 Impact of the proposed changes on the business and its personnels..........................................................114.2 Plan how the changes will be managed in the business..............................................................................114.3 Improvements in the performance of the business over a given timescale................................................11D1......................................................................................................................................................................12D2......................................................................................................................................................................12D3 .....................................................................................................................................................................12CONCLUSION .....................................................................................................................................................12REFERENCES ......................................................................................................................................................14
Small Business Enterprise INTRODUCTION 4 TASK 14 1.1 Scenario, strengths and weaknesses_2
INTRODUCTION Small scale business can be said as an undertaking containing few employees and thepeople working in these small businesses does not work for the high business profits in themarket. take the high volume of sales and profit in the market. These enterprises are generallyprivately owned and operated by the sole proprietorships, corporation and partnerships(Bridge and O'Neill, 2012). This type of business are classified according to the capabilities,annual revenue, sales, assets, shipment, number of employees and annual gross profit. Smallbusiness in many countries includes the services and retail operation such as small stores,groceries stores, restaurants etc. and many internet related business. Some professionaloperate own small business such as consultancy business, restaurants and accountants. Asmall business enterprises are non subsides by the government because its independents firmswhich include less employers in the business process.Austin Fraser Company is a consultancy organization in UK specializes in IT,engineering and life sciences recruitment. This business entity's employee here to listen, givethe advise and help the customers and the organisations to perform better. It believes thatbeing open with clients and candidates and selecting the efficient one is a good idea. Thisorganization saves time, hassle and money. The present is based on small business enterprisethat include different type of culture, operations, work environment, strength and weakness ofthe small companies. TASK 11.1 Scenario of a small business enterprise, identifying its strengths and weaknesses.Austin Fraser is an international recruitment consultancy based in UK. Theemployees are always ready to listen, advise and help the various organisations that areunder it. This company provide the online services to the candidates to apply for the job inthe companies (Storey, 2016.). This company employees get the online services of thecandidates for the requirement of the companies. The organization employees helps inadvising the customers by giving them support.At Austin Fraser, the recruitment happens inthe following fields - Engineering, IT and Life Sciences sectors. Company consultantsspecialises within the extremely specific market, skill set and geographical areas. Businessesprovide various recruitment services for every candidate who come in the company.
Small Business Enterprise INTRODUCTION 4 TASK 14 1.1 Scenario, strengths and weaknesses_3
Strength and weakness of the Organization- Strengths- This refer the company capabilities or aspect of the business that thebusiness entity does very well (Burns, 2010). Strength are includes the availability of theresources in the business to give the advantages relative to competitors and need of themarket company serve or aspect to serve. Provide new fresh job for candidates. Carry out in very good location Company provide a outstanding recruitment services. Use online marketing. Weaknesses- Weakness can be described as a deficiency in one or more resourcesand somewhere in the power of the competitors for fighting for the performance of the firm.These are those aspect of the organization operation, activities and function that It does notgo to very well in the market. Lack the information. Registration fees Focus on limited sectors1.2 Analysis of the business using comparative measures of performance.Austin Fraser is a consultancy firm to provide various job opportunities to thecustomers. Monitoring the performance indicators is necessary for the firm so that if there isany improvement, it must be indicated. Firm use the various measures of performance likefinancial statements, data sample, interviews, questionnaire, survey and research. Determinethe business performance in the different department such as finance department to use thefinancial statement for analysed or review the all cash inflow or out flow related to thetransaction. In any divergence in the financial part like cash flow, balance sheet, profit andloss accounts an appropriate action can be taken by the firm (Stokes, Wilson and Wilson,2010). There are various measure related to financial performance such as net profit. This firm response given by the clients and candidates by the survey, questionnaire. In thequestionnaire some questions are asked related to the company products and services(Schaper and et. al, 2014). Under this method, all the results are tracked in the company andexplanation of each answer is prepared for the report of the proposals to help in theimproving in the performance.
Small Business Enterprise INTRODUCTION 4 TASK 14 1.1 Scenario, strengths and weaknesses_4

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