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Small Business Enterprises Assignment - Black Penny

   

Added on  2020-07-22

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FinanceLeadership ManagementProfessional DevelopmentDigital Media and Video Games
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Small Business Enterprises
Small Business Enterprises Assignment - Black Penny_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Business Profile of Black Penny and its strengths and weaknesses.....................................11.2 Analysis of the Black Penny using comparative measures of performance.........................2TASK 2............................................................................................................................................32.1 Appropriate actions to overcome weaknesses.......................................................................32.2 Methods through which existing performance can be maintained and strengthen...............42.3 Identifying new business growth opportunities....................................................................5TASK 3............................................................................................................................................63.1 Assessment of existing business objectives and plans..........................................................63.2 Revised business plan to incorporate appropriate changes...................................................8Objective 3:increase market budget by 10% so that customer base of the company can beincreased .....................................................................................................................................83.3 an action plan to implement the changes..............................................................................9TASK 4..........................................................................................................................................104.1 action of the proposed changes on the business and its personnel-- ..................................104.2 A Plan how the changes will be managed in the business................................................114.3 Monitor improvements in the performance of the business over a given timescale...........12Conclusion- ...................................................................................................................................13REFERENCES..............................................................................................................................15
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INTRODUCTIONSmall business enterprises are also known as small or medium scale organisation thatemploys small number of workers and does not have a high volume of sales (Cowling, Ledgerand Zhang, 2015). In accordance with this context, this report will present the aspects of smallbusiness enterprises currently incorporating in United Kingdom. The government of the countryis investing huge amount in order to develop the small business enterprises in the country. In thiscontext, the business profile of Unicorn Retail limited retail organisation incorporating itsbusiness activities in United Kingdom will be covered in this report. The analysis of businessperformance will be made in order to identify the growth and development of the businesseffectively and efficiently. Further, recommendation will be provided in order to overcome the weaknesses of theenterprise and methods will be generated through which existing business performance can bestrengthened. The new areas will be analysed in which business can be expanded effectively andefficiently. An assessment of existing business plans and objectives will be produced andtransformation in business plan will be made in order to incorporate changes. The impact ofproposed changes on business will be analysed and plan will be made in order to managechanges effectively and efficiently.TASK 11.1 Business Profile of Black Penny and its strengths and weaknessesName of the company UNICORN RETAIL COMPANY Vision of the company It is a long term view and it is the sources ofinspiration. Mission of the companyIt is comminuted to growth and careerdevelopment of our staff. They are what tend tomake our enterprise Key people of the companyDirector of they company MILLSOM GLYN Ownership structure Private share base company History of the company Location of they company Treeton, south Yorkshire, rotherham Key activities of they company Shell retailer, management consultancy activitiesother than financial management 1
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Strength- It is having cheaper wholesale prices.It is offer unique product compeered to other retail company.UNICORN has a valuable freehold- property p[portfolio and store land it was an early pioneer of shopping in the UK Weakness-It is having lack in customer services. Hypermarkets evidence shows that consumers are moving against shopping in bighypermarket, It is had non supportive buy cycle.1.2 Analysis of the Black Penny using comparative measures of performanceNISA company UNICORN companyYear Net profitRate Net profitratio Net profitRate Net profitratio 201212001008.33%140020014.28%2013125013010.40%120022518.75%201414001289.14%13201309.84%2015132020014.28%125025020.00%2016140022015.71%150027018.00%In 2012 UNICORN company got NP 1400 with rate 200 and ratio 14.28 but in 2013 theydecrease in NP but its rate is increase with 25 pounds that's why NP ratio is increase but NISAis a company has NP 1200 and rate has 100 and NP ratios was 8.33 then in 2013 it was havingnet profit is 1250 and 130 was rate and they got 10.04% ratio (Rostami, Wong and Lee, 2015).Unicorn company was has most toffs competitive in this year and increasing in rate. In thoseyears they having profit. that like in 2014,2015, 2016 UNICORN company give they very toughcompetition for NISA company they always perform better than NISA company but in thiscompany they perform not nice level. UNICORN company net profit ratio us going on decreasein sale they increase but in cost may be decrease that why they should cost reduce and increasingin selling rate and sale are need much increase that why profit ratio will increase. 2
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