Small Business Enterprise– Assignment
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Added on 2019-12-18
Small Business Enterprise– Assignment
Added on 2019-12-18
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Small BusinessEnterprise
Table of ContentsINTRODUCTION...........................................................................................................................4TASK 1............................................................................................................................................41.1 Strengths and weaknesses of small business enterprise...................................................41.2 Comparative measures of performance of businesses......................................................5TASK 2............................................................................................................................................52.1 Appropriate actions required for identified weaknesses in businesses............................52.2 Existing performance could be maintained and strengthened..........................................62.3 Justify new areas for businesses expanded.......................................................................6TASK 3............................................................................................................................................73.1 Existing business objectives and plans.............................................................................73.2 Business plans to incorporate appropriate changes..........................................................83.3 Action plan to implement the changes.............................................................................8TASK 4............................................................................................................................................94.1 Impact of the proposed changes on the business and its personnel..................................94.2 Changes manage in the business......................................................................................94.3 Improvements in the performance of business over a given timescale..........................10M1.........................................................................................................................................10Apply strategies to find appropriate solution.......................................................................10M2.........................................................................................................................................11Apply appropriate methods/techniques................................................................................11M3.........................................................................................................................................11Present and communicate appropriate findings ...................................................................11D1.........................................................................................................................................11Use critical reflection to evaluate own work and justify valid conclusions.........................11
D2........................................................................................................................................12Take responsibility for managing and organising activities.................................................12D3.........................................................................................................................................12Creative thinking..................................................................................................................12CONCLUSION..............................................................................................................................12.......................................................................................................................................................13REFERENCES..............................................................................................................................13
INTRODUCTIONThis report is based on the small business enterprise. The small business enterprise isimportant in the modern time. Nisa is the small business enterprise in UK. It is the retailcompany in UK. It is the small grocery shop and its wholesalers in the UK. The small businessenterprise is the small scale business. In this enter, there are few workers and the low volume ofsales. The SBE is useful for the Nisa retail company. In this report, it has been mentioned aboutthe strength and weaknesses of the small business enterprise. There are also mentioned about theobjective, plan and comparative measures of performance of the SBE. This report is identifiedthe weaknesses of the small businesses and should minimise the weaknesses of the businesses. Italso determine about the strength of the company. This report is totally based on the smallbusiness enterprise, which is useful at the small level of businesses(Altman S, 2010). TASK 11.1 Profile of selected business and its strengths and weaknessesThe Nisa is one type of the grocery shop and it is the popular business enterprise in UK.It is the retail company and founded in the 1977 and its headquarters in Scunthorpe, Lincolnshireand 213 employees are working in the Nisa retail company. The Nisa company has 4000convenience stores and 1080 shareholders are registered. It provides the healthy good to theirexisting and new customers and identify their needs and wants for the company products andservices. The Nisa company provides the equal opportunities for their all kind of employees andprovides the high security in the employment. In the business there are some strength andweaknesses of the small business enterprise. The Nisa is the small retail business. The Nisacompany has its strengths and weaknesses. The strength are:Greater motivation- The motivation is the one of strength of the company. The greatermotivation is effective for the company employees. The salary and bonuses are greatermotivation for the employees(Barber M, 2016). Greater flexibility- The flexibility is also a advantages of the company. Flexibleenvironment is important for taking the effective action for the business. So flexibility isimportant for the Nisa enterprise.
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