Business Enterprise Report: Strengths, Weaknesses, and Plans

This report offers a comprehensive analysis of a small business enterprise, focusing on the Nisa retail company in the UK. It delves into the strengths and weaknesses of small business enterprises, including motivation, flexibility, and staffing problems. The report examines comparative measures o...Read More

Small Business
Enterprise

Table of Contents
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
1.1 Strengths and weaknesses of small business enterprise...................................................4
1.2 Comparative measures of performance of businesses......................................................5
TASK 2............................................................................................................................................5
2.1 Appropriate actions required for identified weaknesses in businesses............................5
2.2 Existing performance could be maintained and strengthened..........................................6
2.3 Justify new areas for businesses expanded.......................................................................6
TASK 3............................................................................................................................................7
3.1 Existing business objectives and plans.............................................................................7
3.2 Business plans to incorporate appropriate changes..........................................................8
3.3 Action plan to implement the changes.............................................................................8
TASK 4............................................................................................................................................9
4.1 Impact of the proposed changes on the business and its personnel..................................9
4.2 Changes manage in the business......................................................................................9
4.3 Improvements in the performance of business over a given timescale..........................10
M1.........................................................................................................................................10
Apply strategies to find appropriate solution.......................................................................10
M2.........................................................................................................................................11
Apply appropriate methods/techniques................................................................................11
M3.........................................................................................................................................11
Present and communicate appropriate findings ...................................................................11
D1.........................................................................................................................................11
Use critical reflection to evaluate own work and justify valid conclusions.........................11

D2........................................................................................................................................12
Take responsibility for managing and organising activities.................................................12
D3.........................................................................................................................................12
Creative thinking..................................................................................................................12
CONCLUSION..............................................................................................................................12
.......................................................................................................................................................13
REFERENCES..............................................................................................................................13

INTRODUCTION
This report is based on the small business enterprise. The small business enterprise is
important in the modern time. Nisa is the small business enterprise in UK. It is the retail
company in UK. It is the small grocery shop and its wholesalers in the UK. The small business
enterprise is the small scale business. In this enter, there are few workers and the low volume of
sales. The SBE is useful for the Nisa retail company. In this report, it has been mentioned about
the strength and weaknesses of the small business enterprise. There are also mentioned about the
objective, plan and comparative measures of performance of the SBE. This report is identified
the weaknesses of the small businesses and should minimise the weaknesses of the businesses. It
also determine about the strength of the company. This report is totally based on the small
business enterprise, which is useful at the small level of businesses(Altman S, 2010).
TASK 1
1.1 Profile of selected business and its strengths and weaknesses
The Nisa is one type of the grocery shop and it is the popular business enterprise in UK.
It is the retail company and founded in the 1977 and its headquarters in Scunthorpe, Lincolnshire
and 213 employees are working in the Nisa retail company. The Nisa company has 4000
convenience stores and 1080 shareholders are registered. It provides the healthy good to their
existing and new customers and identify their needs and wants for the company products and
services. The Nisa company provides the equal opportunities for their all kind of employees and
provides the high security in the employment. In the business there are some strength and
weaknesses of the small business enterprise. The Nisa is the small retail business. The Nisa
company has its strengths and weaknesses. The strength are:
 Greater motivation- The motivation is the one of strength of the company. The greater
motivation is effective for the company employees. The salary and bonuses are greater
motivation for the employees(Barber M, 2016).
 Greater flexibility- The flexibility is also a advantages of the company. Flexible
environment is important for taking the effective action for the business. So flexibility is
important for the Nisa enterprise.

 Less authorities- The Nisa is the small business enterprise and there are the problem can
understand easily. The decision can take easily and the outcome can restrained quickly.
Weaknesses of the small business enterprise: there are some weakness which is faced by the
small business enterprise. They are given below:
 Staffing problems- The Nisa is the small business enterprise and there are some problem
in the staffing because they are not able to pay the salaries to their new employees and
there are few time for implementing the objectives of the company.
 High direct cost- In the small enterprise, there are some problems in the direct cost
because the small businesses can not purchase the raw materials and machinery for the
effective objectives of the company(Fassin R, 2011).
1.2 Comparative measures of performance of businesses
The company plan and its performance is change according to the market condition
because the environment of the market is always change. There are some measures of
performance of the businesses. They are given below:
Check your progress against objectives- The Nisa enterprise can measures the performance of
their organisation. The company will check the performance of the company against the target.
The first need of the company is to determine the performance of the company and in which
level the company doing work.
Review financial targets- This is also important for the measurement of the performance of the
enterprise. The poor sales and profitability of the company is based on the market condition. A
small enterprise need to reduce the poor performance of the company(Fassin R, 2011).
Carry out a SWOT analysis- With the help of SWOT analysis, a company need to identify the
strength, weaknesses, opportunities and threats for the measurement of the businesses. The Nisa
company always implement the SWOT analysis for the measurement of the company.
Assess staff levels and performance- for the measurement of the performance, a company need
to evaluate the levels and performance of the staff. If the performance and the level of the staff
would be effective in that case, a company can identify the opportunities of the company.

TASK 2
2.1 Appropriate actions required for identified weaknesses in businesses
The weaknesses is influences the businesses and it create the problems in the objectives
of the company. The effective and appropriate knowledge is important for evaluation of the
weaknesses in the business place. The Nisa retail company can lead to working for fulfilment
the loss of the business. The business process suffer in the market because of the weakness. The
evaluation of weaknesses are important for the development of the business. The strong
marketing strategies and policies are important for the development of the effective organisation
and helpful for growth of the business. The elimination of weakness helps the organisation to
survive in the competitive market. The strong marketing policies are important for increasing the
brand image of the business. The Nisa retail company has identified different ways to
overcoming the weaknesses which are as follows: the Nisa company need to develop their equal
product for attracting the customers for the company's product. To overcome the knowledge is
useful for changing the condition of the business. The new technologies can be used for ordering
the products and goods of the business.
2.2 Existing performance could be maintained and strengthened
The existing performance can be maintained and strengthened because the existing
performance is depend on the consumer satisfaction. A company can improve the existing
performance of the company (Sluyterman, 2013). The Nisa retail company focuses on quality
food to their new and existing customers. The customers are the backbone of any kind of
company because without customer the organisation cannot survive in the market place. The
strength of the business is to provides quality products and services to their customers for the
long time period. The better quality food can increase the number of the customers for the
organisation.
For improving the performance of the organisation, they need to feedback for the
business products and services. If the business is able to identify the needs and wants of the
customers in that case, they can improve the performance of the business. The company
development is depend on the consumers needs and wants. A small business enterprise are
responsible for the consumers satisfaction. For the development of the performance, a company

can improve the quality of the product. So, the customers satisfaction can increase the
performance of the business.
2.3 Justify new areas for businesses expanded
There are some new areas for expanding the businesses. They are given below-
Open another location - It is the area in which the businesses can be expended properly. A Nisa
company need to prepare a effective plan for the new location. The company need to implement
the new location for the running businesses and also determine how the company will manage
the finance for the company objectives.
Offer your business as a franchise or business opportunity- The company should chose the
franchising for the expansion of the business. With the help of the franchising a company can
take more opportunities for the business growth. The franchising is most important for achieving
the business goals.
License your product- The licensing of product effective for the company expansion because the
licensing product reduce the risk of the product. It reduce the cost of the product and increase the
sell of the company.
Diversify-The company try to diversify their services and product for the expansion of the
company. There are some ideas for the diversify the company product and their services:
To import and export the company production
To sell the additional products and services(Islamet, 2011).

 Market penetration: The market penetration is the sanction which is used for the growth
of the strategy. In this strategy, the business can sell the existing product in the existing
market place.
 Market development:It is also a sanction which is used for the growth of the strategy and
in this strategy the business can sell the existing product into the new market.
 Product development: The product development is the sanction, which is used for the
strategic growth in which he business want to initiate new product into the existing
market.
 Diversification: It is also a sanction, which is used for the growth strategy and in which
the business aim to introduce new product into new market.
TASK 3
3.1 Existing business objectives and plans
The objectives of the business plan should be effective because the effectiveness of the
objective is useful for the company growth. Every small business enterprise has their personnel
aims and objective and they achieve them with the help of the effective activities. The important
of the Nisa retail company is to provide the quality foods and services to their new and existing

customers. The small business can earn the profit by providing the quality goods and services to
their customers. If the objectives are effective in that case, the business can survive in the
competitive market. There are certain objective of the business as follows:
 Objective about the customer satisfaction: This is the main objective of the business in
which it the provide the satisfaction to the customers and influence them for taking the
more gods and services.
 Objective about the employees satisfaction: In the objective the business satisfy their
employees and help them for achieving the aim of the business. It provide the external
rewards for the satisfaction of the employees.
 Objective about the reducing waste: It is also a affective and useful objective of the
business. With the help of this objective, the business are able to reduce the waste and
make them effective.
The first objectives, which is related from the quantity objectives. If the market quality products
are high, in that case it also will increase the level of the customer satisfaction.
The objectives of the business plan should be realistic because the attainable objectives is useful
for the effective business plan(Stokes W, 2010).
The effective objective of the business plan should be understandable because it is helpful in the
company growth. If the objective of the company will be understandable in that case, it is easy to
communicate.
3.2 Business plans to incorporate appropriate changes
The business plan to incorporate appropriate changes for the development of the business
plan because the effective business plan is important for the development of the organisation.
The quality of the food is always change according to the modern time. The company need to
implement the flexible business plan according to the flexible environment. The Nisa company
always change their food taste and preferences. The people taste and preferences also changing
according to the modern time.
In the modern time, the all people in the country are food concerned because they like the
food in every level. The Nisa company provide the quality product to their customers. The Nisa
company are determine the demand of the consumers. They provide the tasty and healthy food to
their all consumers. The food of the Nisa company which is related to the other food company.
In the modern time the grocery items are useful at all level of the country. The company need to

increase the food market at the all level of the country because it is the largest market for the
company. So this type of business plan is effective for the changes (Fassin, Y, 2011).
3.3 Action plan to implement the changes
The action plan is the process in which it help the business for taking the ideas and it is
also decide that which type of ideas is effective for achieving the business goals and objectives.
The action plan is most important for achievement of the business objectives. The taste and
preference of the people is continuously changing according to the modern time because they are
growing continuously.
 Identifying company objectives- The first action plan is the identifying the company
objectives and create implement in the changes. The changes is very important according
to the modern time and it is helpful in the changing the business environment.
 Setting achievable and measurable objectives- The objectives should be the achievable
and measurable in the nature. If the objectives will be achievable and measurable in that
case the Nisa company can implement the effective change in the business environment.
 Identifying steps to achieve goals- The action plan is important for the achieving the
goals at the different steps. For the effective business plan, the company needed to
identify the different steps which is helpful in determining the goals. So, it is the effective
business plan for implement the change in the Nisa company.
Action plan to implementing the changes:
 Identify additional partners
 Describe the vision for the community
 State the mission
 State the objectives
 identify the strategies
TASK 4
4.1 Impact of the proposed changes on the business and its personnel
A company need to implement the changes in the development of the company and also
important to consider about the all factors of the organisation. There are two type of proposed

changes in the business. The first one is the positive change which includes the staying current,
new opportunities, encouraging innovation, increased efficiency and improved attitudes. These
all are the positive impact for changes in the business. The second one is the negative impact of
proposed changes on the business which includes the lack of commitment, defective project
management skills and lack of the training of the employees. These all are the negative impact of
proposed changes on the business. The effective consideration is very important for the
achieving the goals and objectives of the company. In the modern time, the business state with its
personnelm (Rae, D, 2010). The changes in the food quality is to make the consumer obsessed
about the quality of the food. The better quality of the food is to attract the consumers for taking
the more food items (Malhotra, i2010). The Nisa is the small business enterprise which is sells
the food in the retailing. There are so many taste and preference in the food item which is also
available outside the company. It also increase the jobs and opportunities for the development of
the business. So, the impact of proposed changes on the business and for its personal is important
for the development of the effective company.
4.2 Changes manage in the business
The management is most important for the all activity of the business which is effective
for the company objectives. The time is changed according to the environment because the
changes is influences the business activity.
The business environment is change according to the modern time. The flexible
environment is necessary for development of the effective business. According to the flexible
time, the quality of the food is also changes for the consumer satisfaction (Islam, M, 2011). The
quality of the food is depend on the flexible environment. If the company provide the knowledge
to their company employees in that case, the employees will help personally for the achievement
of the company goals and its objectives
(Fassin, Y., 2011). The customers are the king of the market. The all kind of company depend on
their existing and new customers. The new customers are the key factors of the environment of
the company. The Nisa company provide the some types of the services for their customers and
satisfy the consumers needs and wants. For the satisfaction of the company, they provide new
quality food to their consumers. So, the management of changes is important for the effective
businesses.
Change management in business:

 Involvement
 Impact
 Sponsorship
 Buy-in
 Communication
 Readiness
4.3 Improvements in the performance of business over a given timescale
The improvement of the performance is the important for the development of the
company. It improve the performance and activity of the organisation in the specific time
duration. The time is the money for the all kind of the business because they manage the all
activity of the employees and making the effective for the organisation. It the long term process
of the company because the performance is depend on the business activity. Sometimes
consumers needs and wants improve the performance of the business because the consumers are
the first priority of the business. So, the small scale enterprise is depend on the consumer
satisfaction. The monitoring improvement in the performance of the businesses are effective for
the specific time duration.
M1
Apply strategies to find appropriate solution
There are some strategies to find the appropriate solution. They all are given below-
Marketing segmentation- The marketing segmentation is the one strategy to find the appropriate
solution. The market is the place where the company sells their product for the profitability of
the company.
Leveraging partnerships- The leveraging partnership is also a strategy of the small business
enterprise. The some businesses want to establish the company in the partnership and some
business don't want to work with each other. Therefore, the discuss about the partnership.
Become a leader in the industry-It is also a strategy of the small business enterprise(Hatten, T.S.,
2015). In this strategy, the company manager manage the company activity as a leader.
M2
Apply appropriate methods/techniques
There are some techniques of the small business enterprise. They are given below:

Assess all Tasks- It is the one technique of the small business enterprise. It measure the tasks of
the SBE. This organisation are use this technique for the all activity of the organisation. So the
all task of the organisation is important for the organisation activity.
Prioritize Tasks- in the prioritize task, the all people are responsible for this technique. If the
employees have a effective understanding in that case they can improve the performance of the
company.
M3
Present and communicate appropriate findings
There are some communicate findings of the small business enterprise (Sluyterman, K,
2013). In the small business enterprise, the company are helpful in the decision making. It
improve the performance of the business. It is also helpful in the finding of proper decision.
The appropriate finding include the effective performance of the company. It also
manage the changes of the small business enterprise. In the modern time, the effective changes is
important for the small business enterprise and they all are helpful in the effective decision
making.
D1
Use critical reflection to evaluate own work and justify valid conclusions
The manager of enterprise set some objectives to achieve. These objectives can better
achieved by the manager by timely evaluating the performance of his employees. The manager
can do critical evaluation of the performance of his own to know whether there is a need of
improving the performance or not (Stokes, D, 2010). And same technique can be used by the
manager in evaluating the performance of the employees and if there is a need to conduct any
training and development programme than that can be prepared or organised by the manager for
the employees. It is important do timely do the evaluation of the performance of all the
employees of the enterprise.
D2
Take responsibility for managing and organising activities
It is a task of every manager to take the responsibility of the people working under him. It
is the duty of the manager to manage and coordinate all the work of the employees under him. A

manager can use variety of ways to influence and motivate the employees to achieve better. It is
the responsibility of a manger to organise all the activities off the enterprise in order to get
maximum returns. If the manager is not able to control and organise the tasks of his employees
than it will create conflict in achieving organisation objectives (Burns, P, 2010). So a manager
should better motivate his employees to perform well.
D3
Creative thinking
Creative and specific thinking is the ability to be creative. Creative thinking is a state of
mind under which a person generates new ideas. It improves the process of thinking solutions to
various problems. It is a process or ability to think new ideas. In an enterprise many new
problems while doing the business activities and to solve these problems creative thinking can be
used by the managers to solve that particular issue. Lateral thinking is similar to creative thinking
this also tries to solve the problems by generating new solutions. Nisa can motivate their
employees to think creative in order to solve many critical problems.
CONCLUSION
From the above mentioned report it has been concluded that the small business enterprise
is important foe the small business. This report is based on the small business enterprise and it is
effective in the decision making process. It has been also concluded that the changes is the
important for all type of small business organisation. The effective changes are important foe the
effective decision making. In the small business enterprise, there are less risk in the business and
the company can sell the product at the large quantity. So this report is based on the small
business enterprise.

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