SMALL BUSINESSES ENTERPRISE INTRODUCTION 1 LO11 Strengths and weaknesses 1 LO11 Overview
22 Pages5351 Words197 Views
Added on 2020-07-22
About This Document
SMALL BUSINESSES ENTERPRISE INTRODUCTION 1 LO11 1.1 Strengths and weaknesses 1 1.2 Analysis of the business using comparative measures of performance 3 LO25 2.1 Recommend with justification, appropriate actions 5 2.2 Analyse ways in which existing performance could be maintained and strengthened 6 2.3 Recommendations for justification7 LO38 3.1 Business objectives and plans 8 3.2 Revise business plans to incorporate appropriate changes 9 3.3 Action plan to implement changes 10 LO411 4.1 Impact of the proposed changes on the business and its personnel 11 4.2 Plan how
SMALL BUSINESSES ENTERPRISE INTRODUCTION 1 LO11 Strengths and weaknesses 1 LO11 Overview
Added on 2020-07-22
ShareRelated Documents
SMALL BUSINESSES ENTERPRISE
Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................11.1 Strengths and weaknesses.....................................................................................................11.2 Analysis of the business using comparative measures of performance ...............................3LO2..................................................................................................................................................52.1 Recommend with justification, appropriate actions..............................................................52.2 Analyse ways in which existing performance could be maintained and strengthened.........62.3 Recommendations for justification ......................................................................................7LO3..................................................................................................................................................83.1 Business objectives and plans...............................................................................................83.2 Revise business plans to incorporate appropriate changes...................................................93.3 Action plan to implement changes......................................................................................10LO4................................................................................................................................................114.1 Impact of the proposed changes on the business and its personnel....................................114.2 Plan how the changes will be managed in the business......................................................124.3 Monitor improvements in the performance of the Caffe Finix coffee shop.......................12CONCLUSION .............................................................................................................................13REFERENCES .............................................................................................................................14
INTRODUCTIONSmall business enterprise having a small investments in the market and in this someworkers are working. Along with this small business entities having a sales which having a highvolume. The firm which are selling products and services in a small business then they have touse innovation so that they can develop their business. In small business, there are some financialmeasures which includes net profits, balance sheet as well as value of assets. Small scalebusinesses should stimulate local economies so that they can deliver best products and servicesto local individuals. Present report is based on CAFFE FINIX COFFEE SHOP which is a openedin 2009 and their start up fund is £ 25000 . Shape has its existing in 15000 square foot and its onwaking distance from Stratford collage. It has 7 part time employees and its providesbreakfast ,tea and coffee (Altman, Sabato, and Wilson, 2010). In the below mentioned report,discussion based on profile of small business along with the strength and weakness. Further,appropriate actions needs to be taken so that they can overcome from identified weakness has tobe demonstrated. LO11.1 Strengths and weaknessesIn this task is very essential that define SWOT analysis of CAFFE FINIX Coffee Shop. Itis the primary stage of planning and assists decision Creator to focus on key problems as well asissues. It is a key technique and tool for business to formal to develop strategic plan. SWOTanalysis includes strengths, weaknesses, opportunities and threats etc. It is also analysis internalswot model to the company which impact the business from outside. Strengths and weaknessesare internal factor in the Swot matrix. When opportunities and threats are external sources suchas factors(Aremu, and Adeyemi, 2011). It is well linked technique in marketing because it isfast, intuitive and simple etc. it is also provides right information that is needed as well as helpfulin linking in the small firms capabilities and resources to the opposition market in which ismanaged. Profile of CAFFE PHOENIX Coffee Shop are as below:COMAPNY NAME CAFFE PHOENIX LOCATION United kingdomFUND £ 250001
PART TIME EMPLOYEES7FOOD PRODUCTTea, coffee and other productsPHONE NUMBER+1 910-343-1395ADDRESS35 N Front St, Wilmington, NC 28401, USAEMAIL:mail@phoenixshop.co.ukWEBSITE:www.phoenixshop.co.ukSwot analysis of FINIX COFFEE SHOP are as follows:Strength: It is a very important tool that define company aspects and capabilities that thebusinesses does very well. Is is needed because strength are sources benefits correlative tochallengers when it gives the industry relative benefits in the environment. It is very essentialwhich can reduce from the accomplishment and resources available to the industry. There aresome points which define company main strengths are:Fresh, good, excellent and quality product like Coffee.Company reputation is very good among buyers.Product sales turnover is developing such as growing up.Large range of the goods(Bianchi, and et. al., 2010).Doing CAFFE FINIX is very good and better work place like shopping centre or highstreet etc.Weaknesses: It is a restraint imperfection in individual or more competencies and resourceswhich are relative to challengers that obstruct a industries effective. It is a feature of the businessactivities or operations that it does not do very cured. There are many points of Caffe Finixweaknesses are as follows:There food sector is very weak that other challengers.Expensive rent There are different brand but most logo as well as brand are little known.Opportunities: There are feature of the environment that the company can take benefits as wellas advantages of or industrialist upon. These success gain depends on whether and environmentchanging its company imperfection not only similar the requirements of key success for creatingin the target customer and market but also beat of its challengers(Bridge, and O'Neill, 2012).Opportunities are as below:Provide the opposition price if instantly invest or contract in the improving location suchas countries those are produce tea, cultivate, coffee and other branded food.2
In this way brand name is very essential because they can earn more advantages such asbenefits like can start franchising business. There are more capital ventures in United Kingdom sandwich and coffee shop market indeveloping speedily.Threats: It is a key feature in the environment that can hamper the an industry from achievinggoals and objectives. It is a challenge provide by an adverse development or trend that wouldlead in the no present of marketing activity, to stagnation in profits or sales. There are someexamples of threats are as follows:Challengers Taxation and government innovative policies.Ministerial Unpredictability like Wars etc.Above the mention information are needed because it was identify company position andsituation in the environment as well as market places.1.2 Analysis of the business using comparative measures of performance Coffee shop adopted different tools and technique's for calculating the organisationperformance to Bering needed change in company productivity. There are three ways that definecompany performances are as follows:Graphic rating scales: It is a idea for product production which oriented into the workenvironment as well as workplace that flow at a quick place. A rating scale consider standards ofactual employees performances (Cerrato, and Piva, 2012). It is a best tool that define quickservice.Management by objectives: It is a essential because it was measuring the employeesperformance in managerial situation. It start with identifying workers goals and their objectives. Forced ranking: This kind which will define the higher product quality. It is very essential thatdefine the creative service and innovative goods. Caffe Finix and The Whole Hog Profit & Loss accountfor the year ended Particular Caffe Finix £ The Whole Hog £ Sales 120,000200003
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Small Business Enterprise INTRODUCTION 1 TASK 11lg...
|16
|5731
|179
Small Business Enterprise Caffe Finixlg...
|21
|6827
|43
Small Business Enterprise Introduction Introduction 1 TASK 11lg...
|20
|5696
|270
The Caffe Finix Shop in Stratfordlg...
|14
|4208
|99
Small business enterprise INTRODUCTION 1 TASK 11 1.1 Profit of small business enterpriselg...
|16
|4206
|205
TASK 13 1.1 Strength and weakness of small business enterpriselg...
|10
|4101
|409