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Swing Petroleum UK Report Of Activities & Operations

   

Added on  2020-01-28

13 Pages4132 Words64 Views
SMALL BUSINESSENTERPRISE
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Produce profile of the business ............................................................................................11.2 Business performance analysis with their competitor ..........................................................2TASK 2............................................................................................................................................32.1 How to overcome weaknesses provide recommendations....................................................32.2 Ways to maintain exiting performance.................................................................................42.3 New area of business ............................................................................................................5TASK 3 ...........................................................................................................................................63.1 Assessment of exiting business objectives and plan ...........................................................63.2 review of business plan and new area of changes................................................................63.3 Action plan to implement changes........................................................................................7TASK 4 ...........................................................................................................................................84.1 Impact of proposed changes .................................................................................................84.2 Management of changes .......................................................................................................84.3 performance of Swing Petrol in over the past two years......................................................9CONCLUSION .............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONSmall business organisation demonstrates their operations at very low cost. They arecontributes major part to attain competitive advantages. Economy has various benefits throughoperating small business functions (KarataşÖzkan and Chell, 2015). This is because; it enhancesGDP growth of the nation, which results in economic growth. The report is based on Swingpetroleum UK, which is privately owned. They perform functions for Dragon Den shows. For assessing strength and weaknesses of the business, report covers activities andoperations, which carry for ascertain effective results. Furthermore, it also evaluates financialperformance, which will assist in competing with various organisations. Moreover, it providesrecommendations and strategies to maximise chosen business performance to make successfuloperations. TASK 11.1 Produce profile of the business Business name: The cited firm is Swing petroleum UK, which is privately owned and regulatesfunctions with various investors. Owner structure: Investors of the business are operates functions and operations that aremaintains profitability and resources at workplace (KarataşÖzkan and Chell, 2015). Theyperform functions by providing fund to the company. Hence, it assists in operatingsmooth functions and operations. Background/ history: The Swing Petroleum UK incorporated on May, 16 2006. It is aregistered business, which operates functions with developing ideas and opinion. Theyprovide qualitative products and services that assist to make long term targets andoperations (KarataşÖzkan and Chell, 2015). Location of the company: The chosen firm is located in Hope Cottage, ox, Stroud andUK. Strengths: The company is specializes their products and services with manufacturingand distribution of article that make plan at workplace. In addition to this, Swingpetroleum UK provides effective services such as material and wood, etc. Weaknesses: The chosen organisation has limited access to enhance operations andproductivity within the marketplace (Alshamaila, Papagiannidis and Li, 2013). Further,
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capital of the business is very low so that they are unable to meet with high revenue andprofits. Low debt level at workplace decline organisation performances. Mission: Swing petroleum UK has mission to target large part of audience. It can be donewhen they are offering high quality products and services. At the best value they want toprovide products and services so that they can easily meet with high quality of productsand services (KarataşÖzkan and Chell, 2015). Vision: Swing petroleum has vision to make successful brand and operations in all overthe world with establish new physical and online stores. People: Within the company various people are working to achieve goals and objectives.Jonathan Charles and Katharine Sarah are very important persons who take part tocontinuous monitoring on business practices (Brunswicker, and Vanhaverbeke, 2015).They are successful make operations at workplace. 1.2 Business performance analysis with their competitor Every business has purpose to operate functions and operations with high investment atworkplace. It will assist to generate high profits and revenue at workplace through operatingfunctions and operations. With the help of turnover of goods and services, Swing petroleum canmake high competition within the marketplace (Linzalone and Lerro, 2014). Within the market,Charles Cantrill Ltd. is major competitor of business, which provides different types of productsand services. In order to measure business performances, various ways take place. It will assist tocreate profitability at workplace. Therefore, it can determine within the following ways:Swing petroleumCharles Cantrill Ltd. TurnoverAbsolutechangesDecreaseandincreaseAbsolutechangesIncreaseanddecrease20112450-2300--2012270025011.11%254024011.43%2013306036014.40%26801405.98%2014350044015.38%265097039.11%From the following analysis, it can be assessed that Swing Petroleum company grow theiroperations very effectively. Their revenue are continuously enhances which make high profits
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