Small Business Enterprise : Assignment Sample
Added on -2020-07-22
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Small Business Enterprise
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Analysis of strengths and weaknesses...................................................................................11.2 Analysis using Comparative measures..................................................................................2TASK 2............................................................................................................................................32.1 Appropriate actions to overcome identified weakness in business.......................................32.2 Ways in which performance could be strengthened and maintained....................................42.3 Areas in which business could be expanded........................................................................5TASK 3............................................................................................................................................63.1 Assessment of existing business objectives and plans..........................................................63.2 Revision of business plans to incorporate appropriate changes............................................83.3 Action plan to implement changes......................................................................................10TASK 4..........................................................................................................................................104.1 Impact of the proposed changes on business and its personnels.........................................104.2 Plan how changes will be managed....................................................................................114.3 Monitor improvements in the performance of the business................................................12CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONIn competitive business world, the small enterprise have lower turnover which requireefficient planning to make the continuous frame of time. The company is facing complexsituation in the competitive world who are applying various effective. methods for gaining morebenefits. An organisation need to make various modification and alternation for sustaining incompetitive industry which is required to be managed within a particular time period (Aremu andAdeyemi, 2011). The purpose of this report is based on consultancy company AnnapurnaRecruitments which is one of the developing consultancy organisation in United Kingdom. Thisreport will discuss about objectives and goals of the company which is developed to flourish. Itwill highlight various weakness and strengths to consider planning strategics of AnnapurnaRecruitments. This will also evaluate the methods through which a company can alter their plans,structure process as well as face their various issues and challenges. TASK 11.1 Analysis of strengths and weaknessesThe SME or small business enterprise case be defined as the business organisation whichhas less than 10million Euros turnovers as well as occupy less than 50 members of staff. On thegrounds of this report, the small business company which will be discussed in the cited reportwill be Annapurna Recruitments which have started its business in 2008. The organisation haverecently started developing and have wide network of members but lesser worker. This companyrender more than half of its turnover in the donation as well perform activities in order tobetterment of environment. Here are the strengths and weakness of Annapurna Recruitments: Strengths WeaknessAnnapurna Recruitments haveemployed more skilled and qualifiedworker in the organisation from variousdistinct streams (Strengths &Weaknesses of Internet Recruitment,2017). The organisation contain themanagement of information andThe company have many other strongrivals in the competitive environmentas well as large enterprises arerestraining growth and development ofcompany as well. There are external factors in UnitedKingdom which are obstructing thedevelopment and growth of company1
knowledge theta helps in collectioninformation. Company have developed a goodnetworking after forming businesswhich have enables organisation indeploying more than 30000 members ofenterprise worldwide. The company provide good charityservices in the field of environment andsociety development which enableorganisation a good market positioningin the competitive industry. Enterprise offer environmentconsulting, recruitments consulting anddeploying its business in various other.such as poetical, social etc. Less credibility of consumer or peopleover the online credibility or work. Less staff members and overwhelmingrepose of people for recruitments orselection process which makes theorganisation's management weakerwhich is major drawback of company. The following assessment clearly indicates entire non-functional and performing areas oforganisation. This is required to manage and produce the strengths and weakness of a companyin order to make the transforming weaknesses into strengths. The company is developing verywell in market but it is essential for them to make proper administration dan increase themembers of staff for controlling and managing work accordingly. It can avail in increasingproductivity and performance of enterprise in more significant way. 1.2 Analysis using Comparative measuresComparative measures are majorly utilised in the measuring and evaluating performance.Here are mentioned various comparative measures which are utilised in the company discussedas below: Consumer Satisfaction: The product or service prospect or linked activities which isrequired to undertake for measuring performance through help of consumer satisfaction(Bridge and O'Neill, 2012). Initially, consumer make the evaluation and investigationbefore making any decision of purchase. Secondly the consumed product qualityexperience linked with commodity will reflected. It is being observed weather theproduct experience was as expected or not. Satisfaction level decides the subjecti9ves and2
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