Small Business Enterprises Analysis of the Black Penny
Added on 2020-06-04
18 Pages5610 Words47 Views
Small Business Enterprises
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Business Profile of Black Penny and its strengths and weaknesses (317)............................11.2 Analysis of the Black Penny using comparative measures of performance.........................2TASK 2............................................................................................................................................42.1 Suitable actions to overcome the weaknesses.......................................................................42.2 Methods through which existing performance can be maintained and strengthen...............52.3 Identifying new business growth opportunities....................................................................6TASK 3............................................................................................................................................73.1 The existing objectives and plan of The Black Penny.........................................................73.2 Business Plan to incorporate change.....................................................................................83.3 Formulation of action plan to implement following transformation.....................................9TASK 4..........................................................................................................................................104.1 Proposed changes impacts on Black Penny personnels......................................................104.2 Management of change in Black Penny..............................................................................114.3 Supervising improvements in the performance of Black Penny over a given time scale...12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
Index of TablesTable 1: 5 years profits of Black Penny...........................................................................................3Table 2: Comparison of sales of Black Penny and Cafe Portrait.....................................................3Table 3: Non financial comparison of Black Penny and Cafe Portrait............................................4
INTRODUCTIONSmall Business Enterprises (SBE) are the enterprises who have considerably low capitalinvestment as compared to large organisations. They have limited range of customers andproduce specific products and services in order to fulfil the needs and expectations of customerseffectively and efficiently (Mutanda, De Beer and Myers, 2014). In this context, as a businessconsultant in a small business consultancy firm, review of small and medium enterprise i.e. “TheBlack Penny” cafe incorporating in United Kingdom will be made in this report. The companyprofile including the strengths and weakness of the organisation will be analysed in this report.Further, the performance of the organisation will be analysed by comparing their past andpresent performance. Justification for appropriate actions in order to overcome the weakness willbe provided in this assignment.The new business opportunities will be identified so that the management of small andmedium enterprises can expand their business. Further, assessment of existing businessobjectives and plans will be analysed so that business plan can incorporate suitabletransformation. The action plan will be prepared so that the management can work on iteffectively. TASK 11.1 Business Profile of Black Penny and its strengths and weaknesses (317)The business profile of Black Penny consisting its name and address, phone number,employees and annual sales is provided below:ProfileName and address:The Black Penny, 34 Great Queen St, London WC2B 5AA, UKPhone Number:442072422580Employees:20Annual Sales:£3, 28, 000Email:hello@theblackpenny.comThe mission and vision of the organisation is provided below:Mission: “To provide customers perfect and fine dining experience” The mission of theorganisation is to provide customer efficient dinning experience so that loyalty andcustomer attraction increases effectively and efficiently (Alasadi and Al Sabbagh, 2015).1
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