Understanding the Permanent Impact of Change on Organisational Performance

The assignment highlights the importance of understanding the impact of small factors on organisational performance. It emphasizes that a proper understanding of strengths and weaknesses is essential for setting objectives and achieving competitive advantages. The content also stresses the significance of monitoring business performance, using tools such as 360-degree feedback, to gain insights into the organisation's mentality and performance. Additionally, it underscores the role of Human Resource Management (HRM) and financial statements in determining organisational performance.

PROCESS INVOLVED IN RUNNING A SMALL BUSINESS

Table of Contents
Introduction......................................................................................................................................2
LO1..................................................................................................................................................2
Task1................................................................................................................................................2
1.1) Production of profile for the identification strength and weakness of a small business (AC
1.1)...................................................................................................................................................2
1.2) Comparative analysis of the selected company (AC 1.2)........................................................4
LO2..................................................................................................................................................4
Task 2...............................................................................................................................................4
2.1) Recommendation with justification, appropriate actions in overcoming identified weakness
in selected business (AC 2.1)...........................................................................................................4
2.2) Analysis of way in which performance can be strengthened and maintained (AC 2.2)..........5
2.3) Recommendation of new areas selected business can expand with justification (AC 2.3)......6
LO3..................................................................................................................................................6
Task 3...............................................................................................................................................6
3.1) Production of an assessment of existing business objective plan ( AC 3.1)............................6
3.2) Revision of business plan using forecasting, Budgeting and comparison of past performance
reports..............................................................................................................................................7
3.3) Preparation of action plan in implementing the changes (AC3.3)...........................................7
LO4..................................................................................................................................................9
Task 4...............................................................................................................................................9
4.1) Reporting on the impact of implementation of proposed changes on business and its
personnel (AC 4.1)...........................................................................................................................9
4.2) Plan for the managing of the changes in the business ( AC 4.2)..............................................9
4.3) Monitoring of the performance of the business in a given time scale (AC 4.3)......................9
Conclusion.....................................................................................................................................10
References......................................................................................................................................11

Introduction
Achievement of success in an organisation is through the better understanding of the society and
the proper understanding of the employees in the organisation. it is essential to understand the
strength and weakness of a small business and the mitigation methods of those weakness and
transforming them into strength. The following assignments have dealt with the edification of
strength and weakness in the organisational society. It is also dealt with the swot analysis of the
Talon Outdoor, who deals in with advertisement.
LO1
Task1
1.1) Production of profile for the identification strength and weakness of a small business
(AC 1.1)
As mentioned by Hussain et al. (2016, p.1311), the development of an organisation is based on
the better understanding of the opportunity one has and the success rate that one can deduce from
the strength and the weakness they have. The small scale business and industries thrives to
maintain the success rate in proper familiar context to survive the completion of the business and
the market.
History and nature:
Talon outdoor is an UK based small business with the prime selling product of other companies
through advertising. In other words the prime function of the company is to advertise product of
other companies to perfection for the gathering of the attraction of the common people. The
company was founded in 2007 and is mostly a marketing company. Richard Simkins is the head
of the innovation in the company ad drives the company to perfection making it unique than any
of the companies in the society Kozlowski et al. (2016, p.303). The shareholder of the company
are dedicated to the operation of the organization and supports the development from the inner
core. In terms of the development of the work and the organization the net earning is 56% of the
total investments and which is 35000 pounds and above. There are 6% turn over of employee in
the organization yearly and thus, it can be deduced that the operation of the organization quite
impressive, including the success rate of the organisation and employees satisfaction level
(Hussain 2016, p.1310).

The business of the organization based on the prime mission of delivering innovative and
forward-thinking ideas, strategies OOH solutions all of which are integrated to communicating
wider. The vision of the business is “Growth without compromising our exceptional structure”
SWOT Analysis of TALON OUTDOOR
Strength
The price quality is totally competitive in the
marketing society
Level of invention and innovation instantly
new which greatly impact the development of
the organisation
The source of revenue and source of finance is
adequate for the development of the
organisation
Weakness
Training of the stocks are not upto the mark
and does need training
The share issued in the market and the
authorised capital of the organisation is also
less
The marketing skills of the organisation is less
than the marketing skill of the competitors
Opportunities
The expansion of the market is possible for
the greater version of innovation in the
organisation
The high level of service and the production
procedure is diverse and can be adaptable to
any nature
Capturing of market is easier for the
innovative products in the organisation
Threats
The employee turnover rate is higher higher
would it has been less in past years
The competition of the market has increased
with regards to the lesser increase in the
innovative conditions of the organisation
There is a high chances of changes in the taste
and preferences of the customers in the
society.
Table 1: SWOT Analysis
(Source: learner)
Analysis: From the above table it can be easily justified that the strength of the organisation lies
in the level of innovation that is instantly changing and growing with the change in the
environment of the organisation. It is available and understood that the observation of the
managers in the organisation for the source of revenue and source of finance are upto the mark
that helps integrated development of the organisation. the strength of the organisation is also
stated in the competitive pricing of the product in the society. In terms of weakness the share

capital in the organisation for the share market is very less. The opportunities for the organisation
in marketing skills are less than that of the skills of the competitors in the organisation. From the
above SWOT table, the opportunities of the talon outdoor are in the greater version of innovation
in the organisation. The high level of production and services produced and the procedure of
making the products and services diverse society help in Greater achievement of opportunities.
However, on the other hand the threat of the organisation remains in the employee turnover. The
changes in the taste and preferences have seemed to be one of the prime Treaty Organisation in
the recent years.
1.2) Comparative analysis of the selected company (AC 1.2)
As mentioned by Salazar et al. (2016, p.102), Analysis of an organisation is important for the
better understanding of the situation that drives the development of the organisation in the
society. The moment when comparative analysis is stated, it is observed that the talon outdoor is
well ahead out of the competitors in the society. The organisation like the Works Unit Limited
provides competition to Talon Outdoor. The employee in total on there are 85 people who are
skilled, with their area in society is worth 127 pound million (Steen and Tangenes (2016, p.555).
On the other hand the Works Unit Limited has 127 pound million.
As mentioned by Salazar et al. (2016, p.100), opportunity for the implement of innovative
technology brings in prosperity in organization and thus needs to be maintained as one of the
most important aspect in the society. The Talon is thinking of implementing the integrated auto
management of online database management which would help the customers of the society to
mark the rise in the organisation.
As inferred by Steen and Tangenes (2016, p.546), proper valuation of the marketing strategy in
the society would help the talon outdoors to get a better understanding of the taste and
preferences of the society. With proper valuation of the proper pricing strategy for the
customers in the society detail on industry support them self sustaining the competitive pricing
strategy.

LO2
Task 2
2.1) Recommendation with justification, appropriate actions in overcoming identified
weakness in selected business (AC 2.1)
For the better identification of weakness of an organisation and proper mitigation of that fitness
required better recommendation and proper sitting up of goals. Proper recommendation and
setting of goals needs to be taken to step that helps in bringing out the competitive advantage
over the organisation those who are competing in terms of advertisement. The following are the
facts that need to be followed by an organisation for better recommending themselves to a
developed organisation.
Proper monitoring of the trend up the market helps in better development of situation and ideas.
Understanding with proper form of the market and the situation helps in proper marketing of the
product that needs to be developed by the organisation to capture the market interest.
Management of customer relationship also help in understanding the differences and the prime
criteria for the development of an organisation. As mentioned by Ramírez and Selsky (2016,
p.98), the development of the customer relationship helps in the managing of the success rate of
the organization and the achievement of the greater development.
Better and proper marketing skills can also help in making the development of the organisation
fast. As mentioned by Cater-Steel et al. (2016, p.300), the achievement of the better situation can
be through proper marketing of products, understanding the situation of the customers in the
society.
As mentioned by Fernández-Gago, R., Cabeza-García, L. and Nieto, M., (2016, p.87), objective
if provided to the organizational workers, the development of the organisation gets easier and
more comfortable in the society. For the Talon outdoor, setting of goals to the workers of the
organization would help in the gaining of the accountability nature of the workers in gaining
prime success in the organization.
Understanding of the Limit also would help the organisation in developing marketing strategies
for the customers of the society. As supported by Stevens and Johnson (2016, p.40), knowing
own limit helps in better achievement of organisational goal through proper strategizing the
development criteria of the organisation.

Employee motivation is one of the most important aspects in the development of organisation.
Motivation of the employee with Talon outdoor would get a greater edge of the competitive
advantages
2.2) Analysis of way in which performance can be strengthened and maintained (AC 2.2)
As mentioned by Fernández-Gago et al. (2016, p.100), Strengthening of performance of an
organisation can be only through proper skills and tips undertaken by the management of the
organisation. Thorough understanding of the situation and better achievement of the goal help in
Greater performance strengthening. below are the important factors that needs to be kept in work
for the development of the organisation.
Identification of the witness internally in the market and Organisation would help talent outdoor
to get better innovative ideas and development in the organisation. With proper identification of
the internal problems mitigating rules can be implemented by Talon outdoor.
Developing proper Strategies for training and development also will help for better
understanding of the skills the employees have. As mentioned by Kozlowski et al. (2016, p.303),
Objective of the organisation can be understood with the clean and swift development of the
organisational work. proper understanding can we also through better development and training
programs for the employees in the organisation. Proper practices of engaging the employees in
productive activities help in gaining better opportunity in the organisation market. As inferred by
Goretzki et al. (2016, p.98), engaging of employees in productive activities helps in the better
development of the organisation.
2.3) Recommendation of new areas selected business can expand with justification (AC 2.3)
Proper franchising model the business follows would help in reduction of the risk that Talon
outdoor incurs in the process of marketing. Collaboration with new sets of ideas and experiences
would help in better development and complementary development of the organisation with
similar kind of customer base. The Talon outdoors would be highly benefited with the use of the
exporting strategy. Entering into New Market would also help in expanding the areas for the
development of the organisation. It is evident that development organisation would gain pace
with proper entering in new market in the society. Involvement in another business would also
help the organisation to grow fast. Talon outdoor would be highly satisfied with the better
involvement of businesses in the organisational society. The present in online would help the
organisation to diversify their business. The diversification of the business in the society and the

present in the online market of the organisational society would help Talon outdoor to expand
their market in deeper ones.
LO3
Task 3
3.1) Production of an assessment of existing business objective plan ( AC 3.1)
Delivering of proper knowledge and skills to the customers of the organisation is the prime
objective of talon outdoor. As mentioned by Shinde, (2016, p.176), operation of an organisation
depends upon the assessing of the objective and plans of an organisation. Proper marked
development organisation in the society. It is evident that out of proper relationship among the
customer, the talon Outdoor maintains satisfaction level with their products and services.
Development of Human Resource in the organisation, keeps talon Outdoor well ahead of the
competitive markets in the society.
Proper management of the financial resources have helped the organisation to maintain their
position in the society. As inferred by Ramírez and Selsky (2016, p.97), bitter management of
the financial resources and the proper source of revenues have you managed by organisation to
maintain their situation in the organisational market. it is evident that the use of the different
technological products and the prime focus on the innovation products have led the organisation
to perfection in the society. Proper understanding of the technological factors that manages the
human resource management of the organisations are also under the prime focus of the
organisation which give them advantages in the field of competition from the rivals (Goretzki et
al. 2016, p.125).
3.2) Revision of business plan using forecasting, Budgeting and comparison of past
performance reports
As supported by Church et al. (2017, p.80), Changes in an organisation are inevitable does
making proper amendments in the organisational what is the prime factor that maintains the
sustainability of the organisation in the society. Operation of a business plan through forecasting
budgeting and competition of past performance report helps in better understanding of the
situation in past and the present working condition. The competitors and the innovators in the
society has come up with innovation in the market that strictly give competition to the
production of Talon Outdoors. There has been proper improvement in technological field which
has enhanced the performance in a greater level Pollanen et al. (2016, p.20). The planning

regarding the management of Human Resource have been forecast today for the proper
development of the organisation. Thus, the forecasting of the requirement for the management of
the Human Resources have proved to be evidently an advantage. with in comparison to the past
performance of the organisation there has been report of higher employee turnover rate. The
higher employee turnover rate of the organisation have led to the proper implementation of
factors that would help in the retention of the employees in the recent market condition.
3.3) Preparation of action plan in implementing the changes (AC3.3)
As supported by Hofer, (2016, p.146), the smooth operation of an organisation can be only
possible through the smooth understanding of the requirement of the organization and the
process of implementing those. The implementation of the ideas and the views does not only
contribute to the development. The understanding of the time frame and the source of
information as a evidence also acts as the important criteria for development. As mentioned by
Stevens and Johnson (2016, p.41), the reason for the implementation of the action plan is for
deducing of much more evidence from the development of the organization. Below is the action
plan for the development of the Talon Outdoor.
Things to be
changed
The area of changesMeasuring the
changes made
Time required for
the changes
Proper development
of the management of
financial resources in
the organisation and
smooth understanding
of the source of
finance in terms of
their risk and
availability in the
society.
The area of change is
related to the
financial resource
development. It is
important for
organisation in terms
of operating in
financial ground
With smooth
understanding of the
revenue in the
organisation and
proper flow of cash in
the organisation and
out from the
organisation would
give proper evidence
of the changes that
are made in a fruitful
way
4 months

Proper development
of the ideas in terms
of innovation of
product and making
the products unique
from that of the
competitors in the
society
The area of change is
based on the
technological
formation and
resources of the
organisation, as
innovation is based
on property
development of
Technology in
organisation.
Changes can be
measured with the
help of the
understanding level
of employees in the
organisation
regarding the
technological
development and
innovative ideas
2 to 3 months
Better customer
relationship
management with
proper development
of helping desk and
communication skill
The area of change
includes and depends
upon the development
of customer
relationship
management
The changes can be
measured only
through the
increasing of the
satisfaction criteria of
the customers and
proper maintaining of
the customer
satisfaction level
2 to 3 months
LO4
Task 4
4.1) Reporting on the impact of implementation of proposed changes on business and its
personnel (AC 4.1)
With implementation of the proposed changes in the organisation there has been a higher
development of the Human Resource Management which provides mode operation of the
organisation and the business sector in the society. It is evident that with the implementation of
the proposed changes the proper satisfaction level of the customers have increased and made the
products of a higher reputation. It is essential to understand the implementation of the proposed

changes have brought in mini motivation in organisational workers who was supposed to be
leaving organisation. As supported by Salazar et al. (2016, p.99), the operation of an
organisation can only be developed the proper implementation of the changes with respect to the
consent of the organisational employees and customers of the society.
4.2) Plan for the managing of the changes in the business ( AC 4.2)
As supported by Hofe, (2016, p.210), Joh kotter’s and Kert Lewin’s model can be used for the
smooth understanding of the developing changes in the organisation. In terms of Ker Lewin’s
model the organization elementarily needs to be clear of the fact regarding the mentality of the
employees of the organization in the view to accept changes in the organization. The next steps
to be followed is to understand the situation of the implementing the changes in the organization
with the consent of the employees of the organisation. The third step to be followed is to make
proper thought on the understanding of the fact that the change in the organisation remains stable
and permanent in the organisation.
4.3) Monitoring of the performance of the business in a given time scale (AC 4.3)
As supported by Shinde, (2016, p.175), monitoring of the performance in the organisation helps
in the smooth development of the organization and the better understanding of the changes
required in the organization. The operation of the organization needs to be so developed by the
organisation that the opportunity needs to be developed by the organization must be well formed
and mannered. The 360 degree feedback process would certainly help in the smooth
understanding the performance of the organisation. The arranging of the feedback in the society
helps in the proper understanding of the mentality and the performance of the organization.
Conclusion
From the above assignment it can be concluded that Proper understanding of the effect of small
factors and measurable importance of those factors have created great and differences in gaining
competitive advantages. It is essential for the organisation to understand the strength and
weakness which would provide set for the objectives required for better development of the
organisation. The assignments have also made clear that the business performance of an
organisation is based upon the multiple factor including Human Resource Management and
proper understanding of the financial statements of an organisation.

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