Small Business Management Research Analysis
Added on 2020-09-03
17 Pages5252 Words30 Views
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Small BusinessEnterprise
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Small business strengths and weaknesses.............................................................................11.2 Analysis of company by using comparative methods...........................................................2TASK 2............................................................................................................................................32.1 Evaluate actions to overcome identified weaknesses in business.........................................32.2 Evaluate the way of performance will be maintained...........................................................42.3 Recommend new areas in which business will expand........................................................5TASK 3............................................................................................................................................63.1 Analyse the existing business objectives and plans..............................................................63.2 Business plan to appropriate changes...................................................................................73.3 Action plan to implement change.........................................................................................8TASK 4 ...........................................................................................................................................94.1 Impact of proposed changes for The 7star company............................................................94.2 Evaluate changes will managed in business........................................................................104.3 Improvement in performance of business...........................................................................11CONCLUSION .............................................................................................................................12REFERENCES..............................................................................................................................13....................................................................................................................................14...............................................................................................................................14.................................................................................................................14
INTRODUCTIONSmall business enterprise is an enterprise which is operated and controlled by limitedmembers. It has at least 250 employees who works in an enterprise. This type of organisation isowned by private company and also sole traders, individuals corporation etc. who managed theactivities of the small enterprise. There are some rules and regulations which are made bygovernment and they have to follow that rules. Small business have to maintain and manage thestrengths and weakness of their employees in an effective manner. It is an enterprise whichmanage and control their sale in small scale (Bridge and O'Neill, 2012). The 7 stars company isbusiness media and networking company. It has 124 workers in their office. Its co-founder isJenny Biggam. The company provides self services equipments and programmes that engagetheir clients. The purpose of this report is to focus on the processes that includes change management,improves performance of small business enterprise. In this project learner can understanddifferent sources of fund that available for small business and also provides work experience andcontinue the career in the small business enterprise. TASK 11.1 Small business strengths and weaknessesSmall business enterprise offers discount prices to their customers that attracts morecustomers in limited time period. The company should prefer best quality products or services inan effective manner that attracts large number of customers and satisfy the needs and wants ofexisting customers. The 7 star company provides services to their current as well as newcustomers. SWOT analysis helps to identify company's strengths, weakness, opportunities andthreats (Schaper and et. al., 2014). This can provides good plans and strategies that has todevelop and find out the positive and negative effects and also solve these queries and issueswhich helps to overcome the weakness.Strengths It has wide marketing planUse different sales channelsProduce new marketing strategiesFind out new opportunities and marketCapabilities in internal market1
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