BSBMGT516 - Business Evaluation Report: Business Improvement Plan

This business evaluation report examines the challenges faced by "Proscribing Solutions," a resume writing and job interview training business in Yarralumla, Canberra, which is experiencing declining performance due to a resistance to change and outdated practices. The report emphasizes the importance of knowledge management, quality improvement, performance management, and sustainability in revitalizing the business. It recommends adopting a continuous improvement system, focusing on current job market trends, enhancing resume quality, and investing in employee training. The evaluation also suggests a thorough business valuation to understand the company's financial standing and facilitate strategic decision-making. By implementing these recommendations, the business can adapt to the evolving needs of its target customers and regain its competitive edge.

Running head: BUSINESS EVALUATION REPORT
BUSINESS EVALUATION REPORT
Name of the Student
Name of the University
Author note:

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Table of Contents
Introduction......................................................................................................................................2
Knowledge Management.................................................................................................................2
Quality.............................................................................................................................................3
Performance Management...............................................................................................................3
Sustainability...................................................................................................................................4
Business Evaluation.........................................................................................................................4
Recommendation and Conclusion...................................................................................................5
Reference:........................................................................................................................................6
Appendix..........................................................................................................................................7

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Introduction
The objective of this paper is to understand the reasons why the particular business
Proscribing Solutions” in Yarralumla, Canberra is running out of business and what are the
various ways in which the business can be brought back to its original form, and again start
producing revenue as desired. The main problem of the business as already known from the case
study is not changing with time and being a dynamic business entity. In present times one of the
core need of the businesses is to adapt with new scenarios. The business in question mainly
makes CV for the students who are looking for jobs or who are currently doing job but wants
better opportunity. In the present times when the job scenario has changed and the companies are
looking for that “X” factor in the candidates applying for the job, the CV plays a very important
role. The CV must reflect the candidate as a person and in a very positive light.
Knowledge Management
As it is already mentioned, the job industry in present times is changing fast. The
companies are not just looking for qualified individuals they are looking for individuals who are
dynamic and having the “X” factor within them that outweighs the other people in the race.
Knowledge management can be described as “Knowledge management is the systematic
management of an organization's knowledge assets for the purpose of creating value and meeting
tactical & strategic requirements; it consists of the initiatives, processes, strategies, and systems
that sustain and enhance the storage, assessment, sharing, refinement, and creation of
knowledge” (Donate & de Pablo, 2015). In this particular business knowledge management is
necessary to better the productivity of the association in terms of making better CV and helping

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the clients who are mostly students in getting better jobs in the present job market. The company
needs to train its present employees for better performance.
Quality
Quality and improvement of quality are the prime focus of business organizations in
present times. One arrangement of nonstop change does not hold useful for a wide range of
associations. Fundamentally the sorts of exertion and exactness which is required in an
assembling industry is totally not the same as that which is required in an exploration or an
outline shop. It is indispensable to inject inventiveness in item and also benefit creation, however
not to the degree that the whole procedure changes. The procedure of ceaseless change with a
specific end goal to pick up proficiency in activity ought not be conveyed too far that that prime
presumptions of what is being done gets modified. For example, a six sigma group in a main
purchaser items organization invest such a great amount of energy in channelizing the stream of
data amongst central station and field staff that it didn't give careful consideration to how the
data was in the long run put to utilize. So it is fundamental to comprehend the final product than
to simply aimlessly center around improving the procedure.
Performance Management
“Performance Management” is the systematic technique by which the various companies
integrates its agents, as characters and individuals from a societal matter, in improving legitimate
suitability in the achievement of office “mission and goals”. The execution organization process
is used to bestow various leveled destinations and targets, fortify particular obligation regarding
meeting those targets, and track and survey individual and definitive execution comes to fruition.
It reflects a relationship in which boss offer commitment with respect to working up their

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delegates to such an extent that engages specialists to make duties regarding the affiliation. It is a
clearly described process for managing people that will achieve advance for both the individual
and the affiliation. In this particular industry the employees are expected to continuously go
through performance management process so that they can give the best of their knowledge and
skills in making the CVs.
Sustainability
Sustainability in business is the process in which the business is conducted in a way that
the business runs for a longer time. Sustainability in business is often seen to be dealing with the
“triple bottom line” – The “triple bottom line” are “social, environmental, and financial” fields of
activities (Bansal, & DesJardine, 2014). The traditional bottom line was considered to be profit
or loss. In the new settings the businesses are giving importance to the new evolved objective of
triple bottom line where the social cause, environmental factors and financial gains are all given
similar importance. This is actually the “fair business practice” that is followed in order to
contribute to the community and the people of the region as well as the environment. Sustainable
business practice is important for long term running of the business and maintaining the
community.
Business Evaluation
Business valuation is the route toward choosing the money related estimation of a
business or association. Business valuation can be used to choose the sensible estimation of a
business for a collection of reasons, including bargain regard, developing accessory ownership,
and partition methodology. Frequently, proprietors will swing to capable business valuators for
an objective check of the estimation of the business. A business evaluation is an examination and

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review of the entire business with everything taken into account. It is directed to choose the
general standing and movement of a business before it is sold by the proprietor to a potential
interested buyer. The appraisal is coordinated to ensure that the buyer fathoms what zones may
require thought and what changes ought to be executed to get the business needed from the
purchase. Therefore it is necessary for the business in this particular case has to first understand
the value and estimation of its entity including its all properties and assets so that it is ensured
that proper steps can be taken for the implementation of the steps which are planned in order to
bring back the required profit.
Recommendation and Conclusion
It is recommended for the business to engage in introspection in order to understand what
are the various possible actions that can be taken to bring back the profits and reinstate the
business into its original position. There must be a high level committee that will judge and
decide the plan of action to be taken in this case. First of all the quality of the CVs must be
increased and the people writing the CV must be given latest training about the latest trends
associated with CV making. The organization must be aware about what is going on in the
various academic and business organizations so that they can make perfect CVs for the student.
The organization is engaged in CV making, therefore life of many of the students and their
career depends on the organization, they must give their best to perform well and help the
students in excelling in their own fields.

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Reference:
Bansal, P., & DesJardine, M. R. (2014). Business sustainability: It is about time. Strategic
Organization, 12(1), 70-78.
Donate, M. J., & de Pablo, J. D. S. (2015). The role of knowledge-oriented leadership in
knowledge management practices and innovation. Journal of Business Research, 68(2),
360-370.

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Appendix
Appendix 1
OLD CV
CURRICULUM VITAE
PERSONAL DATA:
LAST NAME::
First Name: Middle Name / Other Names:
Physical Street Address for courier delivery (NOT A POSTAL BOX):
Telephone Home:
Telephone Mobile:
Telephone Office:
Email 1: Email 2:
Marital Status:
Date of Birth: DAY/MONTH/YEAR Example: 25/December/1968
Gender:
Country of Origin:
Present Nationality:

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Languages and Fluency Level:
EDUCATION:
Degree Earned, Institution Name, Address, Start and End Date
WORK HISTORY:
Job Title, Organization, Address, Start and End Date (Mo/Year), Name of Supervisor
 Duties and accomplishments
TRAINING AND PROFESSIONAL DEVELOPMENT:
Course Name, Venue (Institution, Address), Date
Appendix 2
NEW CV
NAME
JOB TITLE
Work
Experience
Photo

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Profi
le
.
Conta
ct
Skill
s
Education
Hobbies &
interests
.