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Small Business Management and Success

   

Added on  2020-01-28

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Small businessenterprises
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Table of ContentsINTRODUCTION ..........................................................................................................................3TASK 1 ...........................................................................................................................................31.1Profile of small business and strength and weakness............................................................31.2 Analysing business buy using comparative Measures of performance................................4M2 Strategies to find out the appropriate solutions....................................................................5TASK 2 ...........................................................................................................................................62.1 Appropriate actions to overcome the identified weaknesses of business.............................62.2 Ways in which existing performance could be maintained and strengthened......................62.3 Recommend with justification, new areas in which business could be expand....................7M2 Design, methods and techniques for maintain performance.................................................8TASK 3 ..........................................................................................................................................93.1 Assessment of existing business objectives and plans..........................................................93.2 Business plans to incorporate changes..................................................................................93.3 Action plans to implement the changes..............................................................................10M3 Appropriate Structure, approaches and logical arguments for preparing an action plan....10TASK 4..........................................................................................................................................114.1 Impact of the proposed changes on the business and its personnel....................................114.2 Plan for managing the changes in business.........................................................................114.3 Improvements in the performance of the business in measurable timescale......................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
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INTRODUCTION Small business enterprise is defined as privately closely-held corporation, partnership, inwhich fewer employees and less annual revenues in comparison of the regular business andcorporations. Government support small business enterprise through tax polices differ dependingon the country and industry (Ackerman, Sabato and Wilson, 2010). In small businesses, there aresmall number of employees. The small business enterprises are can also be categorised accordingto the other methods like revenues, shipments, sales, assets, and the annual gross or net revenues,net profit. The numbers of employees is the highest degree measure used by the companies.Small business include service of retail operations like convenience stores, small grocery stores,bakeries, delicateness, hairdressers, trades people, restaurants, guest house, photographers, smallscale manufacturing. It also includes internet related business like web designing and computerprogramming. Some small business requires the business license to operate their activity. On theother hand, the small enterprises like day cares, retirement homes and the restaurants require theinspection and the certification from different government authorities. Ensono company is thesmall business enterprise. In IT sector it is one of the most successful company. This enterprisetry to give their customers good services and products. The main aim of company is customerssatisfaction.TASK 1 1.1Profile of small business and strength and weaknessEnsono is the leading intercrosses. It is one of the most successful small enterprises in theIT sector it is the solution provider small business enterprise. This enterprise expands itsproducts portfolio to deliver best in class managed hyper scale. They deliver services for AWSand Microsoft customers. Ensono services integrate the expertise to manage all the activities ofthe enterprise. Ensono have traditional IT infrastructure and processor environment offer mid tolarge size business and the ability to be quick and cost effective with the IT operations. Ensonoemphasize on expertise and the ability to provide employees with the right level for theemployment and flexibility to transformation between the level in crossed environment (Bridgeand O'Neill, 2012). Ensono ensure that the availability of employees regardless to employmentand the location can be easily solved by effective development programs. Three smart objectives of company
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Customer satisfaction: Customers satisfaction is the main objectives of thecompany. The Ensono company use effective tools and techniques to make theproducts and services more effective.Effective communication: Effective communication is the most important for theevery organization (Burns, 2010) When there is effective communication betweenthe employees and company then it make easy to communicate.Resource allocation: The Ensono company use there available resources ineffective manner.The strength and weakness of this company are as follow:Strength of the company Strong commitment: Ensono Company has the ability of strong commitment. Thecompany ensure that their customers are satisfied with the services. They try to servetheir customers best and effective services.. Provide the quality services and products: Ensono Company ensures that they providebest quality services and products to their customers who can satisfy their need andwants.Delivery of products on the time: Ensono Company ensures that the delivery of theproducts and services should be on time. The effective service attracts the customerstowards their products and services.Deals in many services: Ensono Company deals in many different services. Thecompany provide many services and products options for the customers according to theirneeds and requirements.Services in different markets: Ensono Company has the wide area for providing theproducts and services. The company deals in different markets (Chell, Nicolopoulou andKarataş-Özkan, 2010). Weakness of the company: Lack of effective training programs: Company does not provide effective training anddevelopment programs for their employees which affect their performance.Less market serves: the company: Company did not serve the market. This affectstheir business activities and employees performance.
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