Small Business Enterprise Report : Led Bury Company
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Added on 2020-07-23
Small Business Enterprise Report : Led Bury Company
Added on 2020-07-23
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Profile of a small business identify its strengths and weaknesses....................................11.2 Business analysis using comparative measures................................................................2TASK 2............................................................................................................................................42.1 Recommendations to overcome identified weakness.......................................................42.2 Ways in which existing performance could be maintained and strengthened..................52.3 Areas in which business could be expanded....................................................................6TASK 3............................................................................................................................................73.1 Existing business plans and objectives.............................................................................73.2 Revise business plan to incorporate changes....................................................................83.3 Action plan to implement changes...................................................................................9TASK 4..........................................................................................................................................104.1 Impact of changes on personnel and business operations..............................................104.2 Management of changes in business..............................................................................104.3 Improvements in business performance over a specific time period.............................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13..............................................................................................................................................14
INTRODUCTIONSmall business organisations known as those that are managed by an individual or smallgroup of individuals and are generate small amount of profits. One of the main feature of theseenterprises is that they do continuous efforts to offer better and innovative products to itscustomers in order to fulfil their requirement (Harris and Patten, 2014). These firms can be in theform of sole proprietorship or can be in partnership under which small number of employeeswork and generate small number of profits. These enterprises contribute a lot in economicgrowth of a nation by provide employment opportunities to local people. Led bury, which offerdifferent type of beverages and food products to its large number of individuals in taken in thisreport for study. Comparative analysis of Led bury with its main strengths and weakness is allgiven under this. Major steps and actions which firm can do to overcome with its weakness andnew areas in which organisation can expand its business activities is also mentioned in this.Further, ways in which business performance of Led bury can be maintained is also detailed.Along with this, impact of changes on its employees and business activities and the way in whichcompany can manage all changes is also described. TASK 11.1 Profile of a small business identify its strengths and weaknessesLed bury is a dining brand which is popular for the beverage and food items which itserve to its customers. One of the main feature of its food products is that all are of high qualitywhich help in attract more number of customers every year. Number of components are therewhich affect the firm's performance (Al-Dajani and Marlow, 2010). Internal factors which affectthe business performance and its revenues are quality of its food items and its supplymanagement. Further external components which affect its business performance are politicaland economic condition of country. Main focus and aim of Led bury is to get satisfaction ofcustomers and for achieve the same firm offer them quality food products and this is come underone of the major strength of enterprise. Further, Chef Brett Graham which is a influencing personality add value to wholebusiness performance and in experience of customers. Led bury comes under top 10 restaurantsas this offer effective and quick services to its customers and this also come under its strength.This provide benefit to company and along with this effective interior of restaurant encouragecustomers to spend more there and enjoy their food properly. In order to attract more number of1
individuals it is very essential or a restaurant to offer high quality food products to its customersand along with this presentation of food also play a big role in this. Due to operate in acompetitive business environment every type of organisation whether big, medium or small facesome kind strengths and weakness (Altman, Sabato and Wilson, 2010). Major weakness of Ledbury is its short menu and delays in serve customers. All this largely affect the company'sperformance and at the same time decrease number of its profits. Firm is planning to operate innew areas and expand its activities but is not able to do the same due to lack of financialresources. This is the man reason behind short menu of restaurant. It is very important formanager of firm to have detailed information about main strengths, weakness, opportunities andthreats of firm. For this there is a tool called SWOT analysis which can be use by manager ofLed bury.StrengthsCompany hold a position in top ten restaurants as this offer quick services to itscustomers. Led bury is famous to offer good quality food products.WeaknessesLack of funds to expand business activities.Unnecessary delays in serve customers.Opportunities:Restaurant can increase the food items which its serve to its customers as this willincrease the profits of company. Enterprise can starts its operation in developing countries as this will increase marketshare. ThreatsLarge number of rivals.Participation of government in business activities. 1.2 Business analysis using comparative measuresBusiness performance of Led bury can be analyse by examine various factors such as thequality of food products which its serve to its customers. Join of Chef Brett Graham offer variousbenefits to restaurant (Battisti and Perry, 2011). Further, sales of restaurant can also examine inorder to analyse performance of business. Along with this major aspects and areas which can be2
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