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Looking at the spectrum over the past 5 years since the times you have generated your own business idea(s) for SBE, produce a profile of your SBE to identify weaknesses and strengths. Investigate the performance of your SBE in comparison with other similar sized businesses in the same geographical area and industry. Carry out an analysis of your SBE using different performance measures used. Use appropriate theories to support your investigation. [P1.1, P1.2, M2, D2, D3]  To achieve M1, you will have explored different ways of solving complex problems by producing a clear profile of the SBE including its components, objectives, factors and performance measures comprehensive comparison using at least three theories.  To achieve D2, you will have planned and managed substantial activities when carrying an analysis of the business using comparative measures of performance.  To achieve D3, you will have demonstrated your ability to generate ideas and take decisions when carrying out an analysis of the business using comparative measures of performance. Task 2 Based on the findings in Task 1, recommend with justification, appropriate actions to overcome the weaknesses you identified. You then analyse ways in which existing performance of your SBE could be maintained and strengthened. Finally, recommend with justification, new areas in which your SBE business could be expanded. Use appropriate theories to support your analysis. [P2.1, P2.2, P2.3, M2, D1]  To achieve M1, you will have made effective judgement when analysing ways in which existing performance cold be maintained and strengthened.  To achieve M2, you will have used relevant theories to recommend appropriate actions required to overcome the identified weaknesses in the business.  To achieve D1, you will have synthesised ideas in recommending new areas in which your business could be expanded further. Task 3 Following completion of the first two tasks, you now have a clear picture how your SBE should develop further. Produce an assessment of existing business objectives and plans of your SBE and devise a comprehensive business plan to incorporate appropriate changes you identified to maintain and strengthen its performance. Use appropriate theories and business models to support your discussion. Department of Business

Small Business Enterprise

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More Small Business Enterprise: Questions & Answers

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HND BUSINESS STUDIES

Rationale “Innovative products or business ideas do not necessarily turn into a commercial success. What makes the difference between success and failure in the marketplace is the business model”. Peter Drucker The business model encompasses an organisation’s product or servic ...

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HLT51612 Complex care HLTEN505C FT January 2015 online Exam

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