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Small Business Enterprise Report - Tata Consultancy

   

Added on  2020-01-23

15 Pages4477 Words93 Views
FinanceProfessional Development
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Small Business Enterprise
Small Business Enterprise Report - Tata Consultancy_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1................................................................................................................................................31.2................................................................................................................................................4TASK 2............................................................................................................................................52.1................................................................................................................................................52.2................................................................................................................................................62.3................................................................................................................................................7TASK 3............................................................................................................................................73.1................................................................................................................................................73.2................................................................................................................................................83.3................................................................................................................................................9TASK 4..........................................................................................................................................104.1..............................................................................................................................................104.2..............................................................................................................................................114.3..............................................................................................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
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INTRODUCTIONSmall business enterprise are private owned corporations, partnerships and the soleproprietorship that have the fewer employees and having the less revenue. Businesses should bedefined as small in able to apply for the support of the regulatory bodies and the qualify for thetax policy varies depends on the country and industry (Ackermann, 2012). Small businessenterprise have to use the new technologies or the ideas for the products and services so thatconsumer satisfaction level increased. The present report is based on the Tate Consultancy whichprovides the marketing services and the raise in the capital to the range of fund of managers. Thereport contains the strength and weakness of the company and the comparative measures of theperformance. Analysis has to be done on the business objectives and plans. Along with this whatare the plans to be made for the changes. Moreover, discussion upon the impact of doing thechanges as well as manage the business.TASK 11.1Tate consultancy provide services in UK like marketing services and raise in capital torange funds of managers. Every company have their own strength and weakness which showstheir actual position in market and this also helps the firm to plan the various business growthpotential plans. Every business organisation needs to identify its strengths and weaknesses toimprove its business operations so that they can attain the goals and objectives for future.Premier group Recruitment has the following strengths and weaknesses (Eid and El-Gohary,2013). So there are some strength and weakness discussed here under:Strength:The strength of a firm range from factors such as customer demand as well as lack ofcompetition in environment which is outside the business.
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The specific knowledge as well as capabilities along with the organisational skills andother qualifications of professional consultants will be of a particular importance inacumen of firm. The company runs a personal development and management course for the employees toprovide more knowledge and required skills to work efficiently.The company provides good quality consultancy services that differentiate the companyfrom its competitors.The employee of the company participates in all the management activities organised bythe company (Bridge and O'Neill, 2012). Weakness:Its the obligation of the company to keep focus on their weaknesses also so that they cananalyse them and take every possible step to remove them. An honest appraisal of aconsulting firm's operations can be conducted by evaluating weakest section.The company having higher turnover ratio of their workforce indicates that employeesare not trustworthy and at any point of time they can leave the firm and the area coveredby organisation is limited up to the boundaries of UK.Due to lack in area of operations, it also affects the availability in financial resources ofcompany which affects their business activities (Business, 2013).Any weakness in any section of business enterprise will severely affects the businessactivity may be resulting in winding up of entity sometimes. This may cause heavy lossesto company and should also create the position of insolvency for organisation.1.2Financials such as cost of goods sold, revenue, net profit and financial ratios such asgross margins, return on investments, etc. these are all the factors which are the indicator of keyperformance so that they can develop and also the approach which helps in measuring theperformance of the business. To keep check on the performance of Tate consultancy, they haveto adopt some methods through which they can keep constant check on the performance. One theprocess of keeping check on performance, then business have to find the odds and analyse themany resolve them (Ebert and et.al., 2014).
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