ASSIGNMENT-
Assignment Context and Business Scenario
A UK small business enterprise of your choice intends to improve the performance of their business, but does not know how. You have been approached by this small business enterprise owner to advise them on how they could improve their business. You now need to review and improve the performance of the business to ensure continues to be viable and grow.
Task 1
1. Carry out an analysis of your SBE (identifying its strengths and weaknesses) using comparative measures of performance. Use appropriate theories to support your investigation. (Maximum: 200 words)
Task 2
1. Based on the findings in Task 1, recommend with justification, appropriate actions to overcome the weaknesses you identified.
2. You should then analyse ways in which existing performance of your SBE could be maintained and strengthened.
3. Finally, recommend with justification, new areas in which your SBE business could be expanded. Use appropriate theories to support your analysis.
To pass Task 2, you will have made an effective judgement when analysing ways in which existing performance could be maintained and strengthened in your organisation. Similarly, you will need to have used relevant theories to recommend appropriate actions required to overcome the identified weaknesses in your organisation.
Task 3
Following completion of the first two tasks, you now have a clear picture on how your SBE could develop further.
1. Produce an assessment of existing business objectives and plans of your SBE.
2. Revise the business plans to incorporate appropriate changes and then
3. Prepare an action plan to implement the changes you identified in order to strengthen the performance of your SBE. Use appropriate theories and business models to support these changes.
To pass Task 3 you will have applied a range of theories and techniques to produce an assessment of existing business objectives and plans. You will also need to have made substantial activities and investigations to implement the changes to your business objectives and plans.
Task 4
1. Report on the impact of change management on the operations of your SBE.
2. Use examples to support your discussion to plan how you would manage these changes. Write a brief overview on the impact of their proposed changes and you would
3. Monitor improvements in the performance on the operations of the chosen business. Use theories on change management to support your analysis.
To pass Task 4, you will have arrived at the conclusions on the impact of the proposed changes on your SBE through synthesis of ideas and which would have been justified as well. Similarly, you will need to have demonstrated effective thinking explaining how improvements in performance in your SBE would be monitored over a given timescale.
REMEMBER
The points in RED are the key for each task and the only reason why I am not doing it myself. Please make sure you concentrate on them in your answer and highlight them as well if possible.