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Table of Contents INTRODUCTION......................................................................................................................3 TASK 1......................................................................................................................................4 A. Profile of the selected business enterprise........................................................................4 (B) Compare the performance of Swing PatrolSwing Patrol with another small business.5 TASK 2......................................................................................................................................6 (A) Recommendation and condition to overcome the weakness..........................................6 (B) Ways to maintained and strengthened the existing performance...................................7 (C) New areas in which the business could expand with reasonable justification................8 TASK 3......................................................................................................................................9 (A) Assessment on existing business objectives and plans...................................................9 (B) Reviews the business plan and suggestion areas of changes........................................10 (C) An action plan to implement the changes.....................................................................11 TASK 4....................................................................................................................................12 (A) Impact the proposed changes will have on the business and its personnel...................12 (B) Plan for managed the changes in the business..............................................................13 (C) Monitor improvements in the performances...............................................................14 CONCLUSION........................................................................................................................16 REFERENCES.........................................................................................................................17 1
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INTRODUCTION Small business is that which is established by skilled and creative person. This type of business plays a huge role in the development of society and country because they offer job opportunities to the people. Through the job, people are able to improve their financial conditions and living standard within the country. In this context, present report is based on Swing Patrol which is located at London and provide various dance styles through the events. Cited firm performs its functions for Dragons' Den shows. This report covers the strengths and weakness of chosen firm. Apart from this, it also explains the various ways to maintain the strengths and remove the weaknesses. Furthermore, the report also describes the new areas where the cited firm can expand its business in an effective manner. It helps in evaluating financial performance of the company that are required for competing with different businesses in various countries. At the end, this report describes the impact of action plan and changes within the firm. 2
TASK 1 A.Profile of the selected business enterprise Business Name: In this context, selected organisation is Swing PatrolSwing Patrol UK that works as private sector and has its owned operations and functions. Owner structure: Mainly, Swing Patrol provides the bestevents and promotion of different dance shows (Storey, 2016). In addition to this, number of dancers are there who have participation in the various events. Tranky doo is a workshop which is being promoted by company in order to have better customer experience. Background and history: Swing Patrol was organised and started their functions from 16thMay 2006. They offer a range of hospitality with packages. Mentioned firm is one of the best and famous company in London. To make long term objectives and operations, this enterprise provides several kinds of products and services. Location of company: Swing Patrol is located at hope cotage OX, London which is one of the famous and biggest areas of the country. Because of the best location, cited organisation is able to attract more customers and they also get satisfied because it is the crowidining area so they feel safe and secure with its location. Strengths: The chosen corporation focuses on the promotion with different ideas and creativity; they specialise for different kinds of products and services that help to meet the goals and objectives in an effective manner. Therefore, it is the best way to attract more people towards the business.In addition to this, there are various experts who teaches various dance steps. Along with this, number of courses of dances are being introduced in the market range. By having an effective consideration of key aspects in regard to customer service are being promoted. Weakness:Besidesthis,citedcorporationhasnotbeenabletoimprovethe productivity of business. Due to lack of capital, they are not able to grow their operations in different areas.It has been noticed that managerial activities are not properly maintained which impacts the overall working. Companyis not focused on promoting its brands so that it was failed to attract customers and increase their market share as well. Limited market segment and network affects sales and profit margin of company. 3
Mission: Swing Patrol has main aim to target large base of customers. They focus on the customer's desire and interest. They want to produce the services and products according to customer's desire and interest. Vision: The company has established clear vision to analysis different functions and they are able to crate successful brand image by providing and developing new products and services In the market. People: Jonathan Charles and Katharine Sarah are providing different operations and functions that are taking an important part to guide and maintain the business practices. (B) Compare the performance ofSwing PatrolSwing Patrol with another small business In respect to achieve success, there are different kinds of products and services will be developed in the market that help to advertise its functions and operations. From the year of 2009, Swing Patrol is offering different programs such as entertainment, events etc. In this context, big competition of chosen organisation isCharles Cantrill Ltd(Schaper, Volery and et.al.,2014).Thisorganisationalsoprovidingdifferentservicesandproductswhich generates several competitions in it. SwingPatrol(In GBP) Factors (Year 2015)CharlesCantrill Ltd. (In GBP) Factors (Year 2015) 5000Sales6000Sales 1500Expense2000Expense 3500Profit2800Profit On the basis of tabular representation, it can be said that sales of Swing Patrol is being advanced in recent years which allows to have effective development in terms of business sustainability. In addition to this, it can be said that Swing Patrol sales has been recorded at the scale of 5000 GBP. However, on the other side the sales of Charles Cantrill Ltd is high but the profit margin ratio is low as compared to Swing Patrol. It is because the management is not able to control the expenses. 4
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From the above comparison, it has been concluded that Swing PatrolSwing Patrol, United Kingdom are able to enhance their success. It has been stated that chosen organisation enhance their operations and functions in international market in effective and systematic manner. They are able to increase their productivity and margin. Other small business which is competitor of chosen organisation isCharles Cantrill Ltd.This company also provides the different services and products but they are not able to enhance the performance of their business on regular basis as compared to Swing Patrol, their productivity and margin are less. As compared to chosen organisation, Charles Cantrill Ltd. has to focus on their performance and to improve the productivity and growth, they have to follow different marketing strategies and approaches. Hence, enterprise need to focus on the areas and should determine the different areas where they can easily expand their business and functions. TASK 2 (A)Recommendation and condition to overcome the weakness As weakness decrease the benefits and productivity therefore, cited organisation has to determine their weakness and should follow the different approaches and strategies to overcome the same. In this context, through the smooth functioning organisation can create various opportunities. These opportunities will help cited corporation to meet future success and development. Swing PatrolSwing Patrol selected TOWS strategies to improve their performance and productivity and this strategy will help cited firm to remove the weakness (Blackburn and Wainwright, 2013). Strength (S)Weaknesses (W) Opportunities (O)S O strategies Swing Patrol United Kingdom hasmanyfunctionsand operations that help to promote their business functions. In this context,chosenorganisation has to improve the quality of their products and services to Throughmakingcertain changes, company can expand theirbusinessoperationsin different areas of the world. 5
attractmorecustomers (AckermannandAudretsch, 2013). Threat (T)Cited organisation can hire the highlyqualifiedandskilled employeeswhowillhelpin success of chosen corporation. Highly skilled employees are able to satisfy the customers through the best services. Thechosenorganisationhas opportunitiestofollowthe different strategies which will decreasetheproductioncost and increase the benefits. Moreover, there are many ways through which the cited firm can remove weakness. To improve the business growth and benefits, weaknesses have to be removed in systematic manner.For scanning internal environment, firm can use SWOT analysis that will help enterprise to have detailed investigation about current situations. It will further assist in taking corrective actions to solve those kinds of issues at stipulated time.Existing problems faced by company can be sort out through emphasizing on providing technology related solutions at compatible price against other competitors. Focus on positive and new opportunities: Swing Patrol should focus on the positive traits and should ignore negative traits such as depression, anger etc. However, developing new future opportunities is the best way to remove weakness and negative traits from the firm. Opportunities help to remove negative traits and maintain the strengths. (B). Ways to maintain and strengthen the existing performance For many corporate events and enhancement in dance shows, the chosen firm also needtodeveloptheirfunctionsandoperations.Citedcompanycanimprovetheir performance in the following ways: Online availability: Chosen organisation can improve their business through the online technology. In this process to attract more customers, they should promote their products and services online and they can use different YouTube channels to advertise their 6
business. Moreover, they can promote their products through the social media such as Facebook, Instagram etc. as the social media is the best way to attract the young people. Hireandselectthehighskilledemployees:Tomaintainitsreputation,cited organisation has to recruit new and highly skilled employees because all productivity of businessisbasedontheworkerswithinthecompany.Employeescanincreasethe productivity of business with the help of their personal skills such as high communication, energetic, positive attitude, innovative, creative etc. All these skills will help an organisation to achieve their target in systematic manner. Huge Network: In this context, cited organisation has to provide different package system to the customers for maintaining the customer's loyalty for the corporation.Through the huge network chosen organisation is able to communicate with different people of different country. Maintain relation with customers: Customer's loyalty is the success key for any organisation. So, to maintain the relation with customers, cited firm has to provide different systems and offers to the guest. Moreover, as number of customer increases, productivity and brand image will also increase. Customer's loyalty helps any organisation to maintain their strengths. Moreover, it also helps to compete with competitors in the market; to maintain the customer's loyalty, firm have to provide high quality services. Employee'smotivation:Asallproductivityandbusinessisdependedonthe performance of employees. Thus, ensuring high motivation among all staff members are very necessary. Employees help to maintain the strengths of any corporation. If employees are satisfied and happy with their job conditions, then they will provide their extra efforts in the success of firm and this will help in managing the strengths. Proper planning and management: The owner of cited firm need to create effective plan to maintain the strengths for long term. Mentioned corporation has to used different leadership styles such as situational, system and contingency to maintain the strengths of business. Moreover, to develop the future opportunities in the firm, manager of Swing Patrol should use different market strategies and also focus on the controlling, planning, leading and organising to maintain the business strengths. Through the effective market strategies, manager of cited enterprise will be able to promote their services. 7
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(C) New areas in which the business could expand with reasonable justification Swing Patrol provides different kinds of services in the UK market. In this context, graphical areas are limited in the UK market. Business expansion is very important because it helps to increase the brand image of the firm. In this context, cited firm is continuously trying to focus on management and trying to hire more employees with higher qualification and knowledge. They select those people who have the best dance skill and positive behaviour. Furthermore, graphical area is also limited that is required to boost and offer dance classes to attract more people. In addition to this, it can be said that company need to invest more on research and development segment so that better analysis of business can be taken into account. Along with this, financial improvements is also essential to refer so that long term values need to be referred.Firm should try to integrate existing business processes of their client companies to newprocesses so that better outcome can be produced at workplace. To expand the business, cited firm is trying to develop their operations in Europe and Asian nations. In these nations, cited firm can easily expand their business because these nations are not able to provide so many dance classes. In order to expand the business, cited firm has to make action plan. Through the proper planning and different strategies, cited firm can expand the business in an effective manner. To expand the business, management has responsibility to provide the high-quality services to make good brand image. To attract more customer, Swing Patroleeds to adopt new dance style. In the present situation, cited firm is offering limited dance style like Charleston, lindy hop etc. Furthermore, they have to offer new dance style as it will help to expand the business all over the world. 8
TASK 3 (A)Assessment on existing business objectives and plans. It is very important for Swing Patrol to examine their objectives and functions so that they can find that their efforts are going in the right direction or not. From the analysing, it has been found that cited company is serving the best quality products and services to their customers. They are able to satisfy their customers in good manner hence; their primary objective is being accomplished in systematic manner. Cited firm providing the best and high quality service to customers therefore they are able to maximize productivity and business. Swing Patrol providing dance styles according to people's interest and desire. With the help of different dance style form cited firm are able to meet the demand and expectations of customers. To increase the market share and profits, they are setting proper objectives. On the other hand, it is very important for venture to consider all the objectives so that they can use quality tools and techniques. To create awareness in the customer's mind about their products and services is another objective of cited firm. They are planning and creating different market strategies to promote their business and services in different areas. Effective marketing is one of the best tool to attract the customers towards the firm. Through the different market strategies and leadership style, cited firm is able to create the awareness about the products and services in the mind of customers. Through the digital technology they will able to create the huge numbers of awareness in the customer's mind and can increase the productivity of business. As digital electronic technologies plays a huge role in the industry. Digital technologies includes internet, social media etc. most of people are active at social media platforms. Cited company can promote their services and business through different social media such as Facebook, Instagram, Twitter etc. with the help of social media cited firm are able to get feedback from several customers. Through the feedback and reviews of clients, organisation can provide the services and products according to customer's desire and needs. To create more awareness, they are focusing on the different marketing campaigns as a promotional plan (Mason and Brown, 2013). 9
(B)Reviews the business plan and suggestion areas of changes Management of Swing Patrol plays a huge role in changing the policies and structure of business and top management is responsible for reviewing the existing plans and business objectives. There are several issues and conflicts which are generated at workplace some misunderstanding have created in the mind of human resource, administrative and top management. This have negative impact over the productivity and profitability of the cited firm (Mason, 2015). Such as administrative have planned that they will use different techniques and tools which helps employees to improve the performance. But the problem is arises that they have not offered the appropriate trainings of new dance style to their candidates. Workers are not able to use the new techniques in an effective manner. On the other hand, management of cited firm have planned that they can promote the services and their business through the social media to create customer's awareness but they are failed because they are not providing enough information on social media about their business. Therefore, the business unit has to develop new plans and strategies to overcome all these deficiencies.In order to maintain better relationship with customer's, organization should emphasize on appropriate deployment of cloud based solutions with reducing security and data theft related issues in a proper manner. Social media marketing and traditional marketing channels would be helpful for the company to increase awareness among company and better perform against other competitors in an appropriate manner To enhance the productivity and remove the deficiencies at workplace, cited firm will use budgetary control techniques as financial tools. The management of cited firm has created a plan that they will make budget for every expense like marketing, sales budget, production cost budget, purchase budget, research and development budget. All these factors will help organisation to improve the benefit and decrease the over all production cost. Apart from this, Swing Patrol will use proper designs and structure for their official websites. As previously, chosen organisation is not providing enough images and information about their products. To create awareness in the minds of clients, they have planned to post several events on every week. Through the good images and enough information on social media, customers will give feedback in the form of comments which helps firm to improve the business and to attract the new and more customers towards the chosen firm. Moreover, they will compare actual performance with the standard performance (Gupta and Raj, 2013). 10
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Furthermore, previously, cited firm was not providing the trainings and development to the employees therefore, workers of mentioned firm are not motivated and feel work pressure at workplace. Hence, turnover of employees increases in Swing PatrolSwing Patrol so to remove the high turnover and enhance the performance of employees in an effective manner, cited firm has planned to provide different activities and trainings. Through the trainings and development, employees will be able to share their knowledge and skills with each other. They will feel satisfied with their job conditions and provide extra efforts to accomplish the target. Moreover, administrative have planed to offer reward system through the employees can feel motivated in the business environment. Along with this, motivation is very important because it helps in enhancing the performance of employees as if workers are happy and motivated, they will give their extra efforts to satisfy their customers and this process will improve overall performance of organisation. (C)An action plan to implement the changes Swing Patrol has created an action plan in order to make all changesin the organisation. The action plan includes various steps to achieve a common goal in desired manner. Through the action plan, cited organisation will be able to clarify what resources are required to reach common goal. The plan will help to make changes in systematic manner in business environment. Without the activity plan, implementation of changes in the business structures is not possible. This plan includes various steps such as determine the goal and target of business, assess rules and roles, develop an activity plan through the planning, controlling and other tools, implement an action plan and last step is measurement and evaluation. In this context, Swing Patrol need to make plan through expanding the services as online venture so that higher qualified and skilled employees can be recruited (Ramdani, 2013). The action plan of cited firm is as following: Activities needed for implement changes: to change the business structure step by step, action plan is divided into several activities and operations. In the first stage top management of chosen hotel will examine the areas where the changes are needed. They will collect the different information and dates from the several sources. 11
Rules to manage the changes: after founding the target and goals in this stage venture have to change their business system and structure according to new changes. They have to offer new rules and regulations according to new structures. As to attract the customer more, they need to create an official page on these social media like Facebook, twitter etc(Lambert and Davidson, 2013). Monitoring and reviewing activities: this is third stage of action plan, in this stage organisation need to examine that they have performed according to the standard and new rules. Management has responsibilities to analysis the over all performance of organisation on regular basis they should ensure that all things are done according to new structure and changes. At this stage hotel is able to determine the gap or deviationby startingthecomparisonbetween theactualperformancewith the standard performance. Budget and time frame: this is the last and final stage of action plan which brings effectiveness in the corporation. As outcome, through the action plan management of chosen hotel will able to perform different activities and tasks in effective manner. ActionsEmployees responsibilities Resources are required during execution of action plan Estimated activity completion time Problem identification phase Detail discussion about problems and issues Active participation of employees and key employees of organisation 6 months Monitoring over action plan Monitoring over entire action plan Expert and experience employees of company Regular activity 12
TASK 4 (A)Impact the proposed changes will have on the business and its personnel The result has great impact over the chosen organisation, Swing Patrol and theiremployeesarehighlyaffectedthroughtheactionplananddevelopment (Sluyterman, 2013). There are some positive and negative effects which are given as below: Positive impact: Improve the quality of products: through the changes, cited firm is able to provide the high quality products and service to the customers. Swing Patrol is now able to provide the dance form according to customer's need and interest. Increasingthecustomer'ssatisfactionlevel:aswiththenewchangesand development, cited firm is bale to attract more customers. Chosen firm is promoting their business on professional page; moreover, they are getting feedback from the customers which helps in the future development. Through the new technologies, they are offering high quality services and products which also increase customer's loyalty level. Employee's satisfaction level increased: with the changes and action plan, employee of chosen company will be able to work effectively. They will be providing extra efforts for success of chosen company. Through the reward system, workers of chosen hotel will feel motivated and give their 100 % to satisfy the customer by their services. And this will increase the overall productivity and growth of business in an effective manner (Luke and Chu, 2013). Negative impact:these changes have also createdsome negative effect. Due to changes cited firm has to invest more money in development trainings and reward system. Venture will need more resources such as fund, raw materials etc. 13
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(B)plan for managed the changes in the business Through the different strategies, chosen firm can be manage changes, improvement and its strength. These various strategies help an organisation in several manners such as attract new customers, serve high quality services and products, create awareness about the products and services in the mind of customers. The strategies are as following: Monitoring and reviewing: This is the tool and key where corporation can start comparing the actual performance with the standard performance. Discuss the change plan to employees: To manage the changes in the business environment, it is very important to inform the employees and involve them in the business changes plan. Sometimes, conflicts occur because employees are not happy with the new changes within workplace. When management is not able to involve the workers in the action plan and changes, then employees will not provide their support (Thomä and Bizer, 2013). Improve communication skill and maintain positive behaviour: To maintain the changes,employeemanagementrelationisveryimportantinthebusiness environment. Through the effective communication skill, management can build good relation with workers and can understand their thinking. Through a good relationship, the manager will be able to maintain the new changes. Provide trainings: as cited company brings new dance style form to improve the business therefore it is very necessary to maintain the new technologies at work place(Page and Söderbom, 2015). Sometimes employees of cited firm are not able to use new technologies and dance form so management has responsibilities to provide trainings to the employees so that they can be able to use new technologies in effective manner. And this process will help organisation to maintain the new changes. (C)Monitor improvements in the performances Activity (in month)24681012141618202224 14
Determine aim, objectives and targets of Swing Patrol Researchtheeffectivemarket programsandstrategiesto accomplish goals of cited firm Executechangeswithinthe enterprise (Williams, 2013) for attain positive results and to remove negative traits promote business operations. Execution of the action plan. Growoftheorganisation operations. Enhance client satisfaction to attain enterprise goals and targetmonitoringand controlling each action of the cited corporation (Stewart and Gapp, 2014 ). Directionofbusinessaction withinvestigationofcurrent performanceandfuture measuring Swing Patrol is the famous entertainment enterprise in the UK. Business also developed their operations and functions to enhance the quality of services. Cited firm requires highly skilled employees that are taking participation to accomplish objectives. When the venture is executing the changes in their business then several activities has to be taken pace. Through 15
the different changes cited firm are able to improve its reputation and image in the market. Moreover, firm also able to enhance the performance of employees. In this context, cited firm made new action plan to bring the future opportunities in the business environment. To maintain the strengths and remove the weakness, cited firm following different dance form and dance styles tr. monitoring and reviewing helps corporation to attain the business goal in systematic manner (MacDonald and Coffield, 2015). In this context, Gantt chart has been made which defines that the activities will be done in that specified time. CONCLUSION From the above report, it has been concluded that small business is very important for the development of a country because these firms helps in improving the living standard of people and removing the poverty within the nation. It has been analysed that there are several operations and functions which are performed by the Swing Patrol to take effective part in Dragon's Den. This report focused on the strengths and weakness of chosen company. Apart from this, it has been examined that social media, highly skilled employees, trainings and development all are the important ways to maintain the strengths in the business. Moreover, the report also described the action plan of cited firm which help in the success of business. Through the new action plan and changes, cited firm can enhance its productivity and businesses in an effective manner. Apart from this, present study also explained the various strategies which should be used by the cited company to maintain the changes in business environment. At the end, the report explained ways through which the chosen company are able to attract more customers. 16
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MacDonald, R. and Coffield, F., 2015.Risky business?: Youth and the enterprise culture. Routledge. 18