Small Business Enterprises Report - ANS group

Added on -2020-07-23

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SMALL BUSINESS
ENTERPRISES
Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Profile of business by identifying its strength and weaknesses........................................1
1.2 Comparative measures of performance............................................................................3
TASK 2............................................................................................................................................5
2.1 Justify how to overcome with weaknesses.......................................................................5
2.2 Ways to maintain existing performance of a company....................................................6
2.3 Asses the areas in which a business could expand itself..................................................7
TASK 3............................................................................................................................................8
3.1 Existing business objectives and plan..............................................................................8
3.2 Revise business plan.......................................................................................................10
3.3 Action plan to implement changes ................................................................................11
TASK 4..........................................................................................................................................11
4.1 Impact of proposed changes...........................................................................................11
4.2 Management of changes.................................................................................................12
4.3 Monitoring improvements in performance.....................................................................12
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................14
INTRODUCTION
In UK, lot of small business organisations are established, which plays a crucial role in
economic growth and success of a country. These business organisations are helpful in providing
job opportunities to people of the nation so that they can live a better living standard. In addition,
SME's are more flexible and always ready to accept changes due to their small area. They are
able to make quick or fast decisions whenever it is required, this is the main reason of behind
the success of small scale businesses (Bridge and O'Neill, 2012). ANS group is the chosen
organisation in this present assignment, it deals in information technology and communication.
The main aim of firm is to be world's largest IT company by producing new and innovative
products. Apart from this, the report will discussed firm's strength and weaknesses in order to
identify its competitiveness in target market. Various methods are identified so as overcome with
weaknesses. The report will be deliver the ways of maintaining existing performance of the firm.
In addition, business plan will be developed in order to set actions or activities. The document
also includes the impact of proposed changes within workplace. It will enlighten that managers
have to monitor the performance of their employees for achieving goals and objectives.
TASK 1
1.1 Profile of business by identifying its strength and weaknesses
In United Kingdom, small scale business enterprises has a pivotal role that can be
considered as the back bone of every country's economy. In emerging markets, SMEs are more
rely upon labour intensive production process than multinational organisations. They boost up
employment and leads equitable income distribution in target market. ANS group of companies
is an information technology firm that commits to other organisations of network and
communication. The company serve its services between 500 customers. The leading industry is
liable for end to end managing platforms and network solutions. ANS deliver 24 x 7 services
with the help of 200 technical specialists in order to develop a critical infrastructure. The main
objective of refereed business entity is to communicate effectively with their customers in order
to gain high market growth and share (Preuss, 2011).
Strength and weaknesses of SME can be analysed through SWOT analysis, that is described as
under: -
1
STRENGTH
ANS group is famous small scale
industry which provides technical
support services to their customers at
low costs.
Every SME is focused upon producing
qualitative and value added services so
as to gain large number of people in
competitive market.
The firm follow all legal rules and
regulations of government. It shows
legality of its products.
ANS group has technical experts which
are always ready to gives their services
to their end users in an effective
manner. Good advertising and branding to target
other organisations.
WEAKNESSES
Hurdles while communicating with
employees as well as customers.
Therefore, company is not able to know
needs and wants of their customers.
Due to lack of finance, ANS group is
not able to spend upon market research
activities.
Poor list of traffic resources.
Phenomenon at urban market.
OPPORTUNITIES
Development of tools of information
technology which helps in increasing
market share of firm.
Customers will only prefer low prices
products. The company has chance to get funds
from government and attract other
investors due to their innovative ideas
and concepts (Forsman and Temel,
2011).
THREATS
Difficult to follow government rules
and regulation, because sometimes they
could affect firm sales and profits.
Process of certification is too lengthy
for small business organisations.
2

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