logo

BUS305 Small Business Management Report - Qbic hotel

15 Pages4707 Words193 Views
   

Added on  2020-01-16

BUS305 Small Business Management Report - Qbic hotel

   Added on 2020-01-16

ShareRelated Documents
SMALL BUSINESSENTERPRISE
BUS305 Small Business Management Report - Qbic hotel_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Produce a profile of Qbic hotel.............................................................................................11.2 Theory and practices that indicate to measure organisation performances...........................2TASK 2............................................................................................................................................32.1 Recommendations with justification to overcome weaknesses of the business ..................32.2 Ways in which existing performances could be maintained.................................................32.3 Ansoff matrix to expand business operations.......................................................................4TASK 3............................................................................................................................................63.1 Assessment of existing business objectives and plans of the business ................................63.2 Prepare revised business plan to incorporate appropriate changes.......................................73.3 Action plan to implement changes with appropriate model and theory................................8TASK 4............................................................................................................................................94.1 Impact of proposed changes within the business .................................................................94.2 Plan to manage proposed changes within the business ........................................................94.3 Monitor improvements in the performances ......................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
BUS305 Small Business Management Report - Qbic hotel_2
INTRODUCTIONSmall business enterprise plays a very important role in which they contribute effectiveparticipation for economic growth of country. It also manages changes that take place in nationfor enhancing revenue (Mukwasi and Seymour, 2014). These type of business give opportunitiesto creates employment and increase market share from different activities. In this context,present report is based on Qbic hotel which dealing in hospitality services in different areas ofnation. Further, the company is also charges low price for various services through they canattract various customer. For gaining insight knowledge of the organisation, present report coversSMART objectives in which strengths and weaknesses can be measures. Furthermore, it includesrecommendations to overcome weaknesses of the business. In order to expand business reportalso determines Ansoff matrix in new areas. In addition to this, it is also prepares action plan toimplement changes at workplace. TASK 11.1 Produce a profile of Qbic hotelIn the whole country, Qbic hotel operate effective functions with deliver qualitativeservices and products. They are always planning to focus on expansion of the business in newareas (Gibson, 2016). Hence, they have to measure their strengths and weaknesses to formulatestrategy within the organisation. Following are different types of strength and weaknesses thatassist to take decisions at workplace:Strengths
BUS305 Small Business Management Report - Qbic hotel_3
Qubic hotels possess various strengths through they can easily achieve positive results atworkplace. Capabilities of the company is very high so that effectively they can deal withvarious customer and provide them healthy services (Storey, 2016). Further, the firm has various resources through they can compete with various competitorto generate competitive advantages. The cited company is locate at good location so that it is helpful to them to attract variouscustomer towards the business operations. It will generate positive impact on customer toaccess services from the company (Chahal, Mishra and Soni, 2014). Sales of Qbic hotel is very high so that it assist to increase revenue of company whichgenerate goodwill and reputation of the business. WeaknessesWeaknesses gives negative impact on the business operations of Qbic hotel so that itreduce profits of the company. Rent of the company is very high so that it is very bigweakness of the company. The organisation provides less price for food products so that customer moves towardsother competitor which gives negative impact (Lourenço, Sappleton and Cheng, 2015). Staff members of Qbic hotel has no full knowledge regarding customer services so thatthey are always lacking to operate functions effectively. In addition to this, workers arenot timely working within the business environment so that it also create negative impacton operations (Radipere and Dhliwayo, 2014).1.2 Theory and practices that indicate to measure organisation performancesThere are various resources which can be adopted by Qic hotel to measure theirperformances. In this aspect, comparative analysis measurement is the best tool to measurebusiness performance (de Jong, 2013). Following are different elements can be taken by thecompany to measure enterprise performances:Financial profits: The cited organisation measure their financial performances withexisting records. It can be done through analysis trading and P&L accounts, balance sheetand many other statements. It assists to identify liquidity position of the firm to measureperformances of Qbic hotel. Hence, the firm can easily analysis whole market andenhance profits to develop functions (Williams and Schaefer, 2013).
BUS305 Small Business Management Report - Qbic hotel_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Small business enterprise introduction introduction introduction 1 TASK 11 1.1 Produce profile of the company and demonstrate weaknesses at workplace
|17
|4936
|257

Small Business Enterprise "Qbic Hotel"
|18
|5544
|36

Report on Small Business Enterprise : Qbic Hotel
|19
|5590
|336

Business Profile of Qbic Hotel
|14
|3842
|55

Small Business Enterprise Assignment(SBE): Qbic Hotel
|17
|4833
|50

Small Business Enterprise - Qbic Hotel
|17
|4422
|23