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Thesis on Analyses of Small Business Organisation | Assignment

   

Added on  2020-02-03

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STUDENT NAME:STUDENT ID:SUBJECT CODE:ASSIGNMENT TITLE: SMALL BUSINESS ENTERPRISE

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IntroductionSmall business enterprise evaluates small organisational structure, small number of employees,small financial accounting and so on. Researchers need to evaluate financial data, background ofa respective company and change management for financial and economic aspects of thecompany. In this respect, it should be highlighted that small business enterprise includes all dataand information of a respective small business organisation, which are notified and representedin order to make the readers understand the small business enterprise. The thesis statement of thisassignment study is to analyze performance of a selected small business organisation, strengthsand weaknesses of the company, investigation of business plans, and analysis of business plansand the impact of change management of the company.Task 1) Investigating the performance of a chosen small business enterpriseBusiness profileBusiness name: Canadian Broadcasting Corporation is a small business launched by Dragon'sDen Show. It should be highlighted in this respect of this small business that in this company, themanagement includes television, radios, news, long-range radio plans, and other CBC radioservices, online business aspects regarding radios and television and so on, as its businesscomponents. The management of this company is trying hardly to increase its customers’satisfaction and number of customers in order to increase its economic growth and financial andaccounting systems and management of the company as well. The above is the concernedorganization that deals with the English and French language service unit that is common asCBC and the Radio Canada. In addition to the above, the CBC is the oldest broadcasting networkin Canada that still exists. Owner structure and background: Canadian Broadcasting Corporation is a broadcastingcompany owned by The Crown and it has been launched by Dragon’s Den Show in 1936 forradio and in 1952 for television (Cbc.radio-canada.ca. 2017). Headquarter of this company issituated in Ontario, Canada. The owner of Canadian Broadcasting Corporation has been markedas the Mr., Hubert T. Lacroix is responsible for the executive manager posts. In addition to theabove discussion, the role played by an Executive Chief is full of experiences so that theguidance to such business firm can be carried in a qualified manner. 3

Business activity and location: The business prospects of CBC are available throughout thecountry of Canada. In American border communities, cable systems and terrestrials are highlyavailable. Moreover, the service activities and technological devices of this company is highlyinfluenced and reputed throughout the world through Internet. The above selected organization isa firm that deals with the collaboration of social aspects more rather than the political one andother such aspect prevailing in a society. However, the business activities that are further cateredby the concerned business unit deal with the departments of news, radio, and television. Inaddition to the above discussions, the online activities and responsibilities catered by theconcerned business unit deals with the merchandising of the miscellaneous activities that arepracticed within the workforce of Canadian Broadcasting Corporation.Strength and weakness of the organisation (AC 1.1)Internal factors: Internal factors or SWOT analysis of a respective company involves detailedinformation regarding its financial information, management departments, labor force and otherrelated objectives etc. According to the business analyzers of this company, the growth rate ofthis company is extremely high (Wang et al. 2015, p.59).However, a number of opportunities are also presented for this company. It has new markets,new acquisitions etc. Other than this, it is also highlighted that growing economy, demand andother growth of rates, profitability etc. are highly influential (Trappel, 2016, p.273).For the competitive market, there occurs a huge risk of other business organization. Moreover,governmental rules and regulations are also involving risks as those rules are tough to maintainfor this organization. Along with this, its profitability is not growing according to theexpectations of the business professionals of this company. In addition to the above discussion,the following is the SWOT analysis of the Canadian Broadcasting Corporation:StrengthPresent sales and distributionnetworksMarket entry barriersAssistance to monetary aspectsWeaknessesSmall business unitSmall target marketOpportunitiesNew market generationIncreasing demandThreatsHike in the labor costs4

Constant income levelNew services and productsTable 1: SWOT Analysis(Source: As per the case Study)External factors: Canadian Broadcasting Corporation has so many political, economic, social,technological, environmental and legal aspects and factors which are affecting the businessperspectives of this company every now and then (Nossal and Sarson, 2014, p.146).CBC is highly significant in corporation industry for its business components of radio, televisionetc. Employers and employees need to follow respective policies in order to maintain its politicalfactors as well. However, certain donations to political parties have become a negative aspect forthe employees of this company. As television is a medium through which people are able toconnect with the whole world, this company is enlarging its aspects of television for which thecustomers are getting attracted towards it.It is needed to be highlighted that radio has been introduced in Canada in 1918 and in 1928. TheReport of the Royal Commission has mentioned reflective points on radio broadcasting.However, the company’s total revenue was $1.53 billion in 2006 (Benson et al. 2016, p.111). Itshould be notified that the legal factors or legislation of this company may include CanadianRadio Broadcasting Act of 1932, Canadian Broadcasting Corporation Act in 1936 which arefollowed by the employers and employees of this company. Comparative measures of performanceCanadian Broadcasting Corporation has a respective board committee in which 12 directors arepresented. As this company is trying to input various television and radios and their componentsas its business aspects, the management needs to be focused on inventing new strategic plans andprograms and on implementing those strategies in service activities (Mendel, 2013, p.126). Inthis respect, it should be highlighted that board of committee has expressed that the managementshould also take some respective steps that can enable them to evaluate both internal and externalfactors of a respective company. In 2005, according to the researchers and business analyzers,Corporation must hold responsibilities and duties regarding the performance analysis and targets.Moreover, Senior Executive Team is included in board of directors in to analyze the financialmeasurement and other performances of the company and its focus on goals.5

It is to be mentioned that, as this is a small business enterprise, the management is influencingand evaluating various perspectives of this business to enable the management in hiring asignificant position in its marketplace (Artero et al. 2015, p.13). It should be highlighted that themanagers are trying to influence and evaluate the selection and recruitment process, training anddevelopment of the employees etc. This is basically to overcome the barriers and issuesregarding their business aspects. However, Rogers Communications Inc. and Bell Media Inc. aresignificant in order to compete with this respective company of Canadian BroadcastingCorporation.Analysis of business information and performance in other area (AC 1.2)The information related to the business unit of the Canadian Broadcasting Corporation isdifferent yet common in terms of social networking. These social medium further helps anindividual firm to stay connected to their targeted set of audiences, all across the globe. In thisrespect, it should be signified that business analysis gets financial data, accounting systems andother related information regarding the company named CBC (Petrovsky et al. 2015, p.217).This company helps its customers to get the contentment of television, radio's, news, onlineinformation and so on. Customers of this company are increasing their expectations day by dayto get more improved technological devices from the company. Budget information: Regarding its financial information, revenue cost of the company isfrequently growing every year. In 2006, revenue cost of this company was $1.53 billion. As aresult, in 2015, the company has got $1.036 billion from government for its investment fund.Regarding its budget, accountants and financial analyzers of this company has proved that $153million costs have been fixed annually for the business components of the company (Conway,2014, p.620). However, it can be further identified that the budget and their related informationmust be catered among the responsible stakeholders of the concerned business unit. By doing so,an effective solution to the raised issues can be easily sorted with the suggestions made by thestakeholder that too depending upon the budget information. If rate of budget system mayincrease every year, the researchers have specified that in 2020, more 1000 or 2000 employeeswill be increased.6

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