Report On Improving The Performance Of Small Businesses Homework Answer

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Question :


Unit outcomes are given below. Assessment criteria and evidence requirements are given below each task.

REPORT (Small Business Enterprise)

Write a report titled “Improving the Performance of Small Businesses”. The report must discuss the various tools to identify the strengths and weaknesses for a business. Your report must also discuss the parameters on the basis of which the comparison can be done between the small business of same size. You must discuss the various measures to be taken to overcome the weaknesses as well as to strengthen the strengths of the small business. Your report should be unified and coherent. It must not exceed 3,000 words.

To complete this task successfully, you must:

1. Discuss a profile of small businesses explaining the strengths and weaknesses. (1.1)(12.5 marks)

You must:

  1. Identify and explain the various components of a small business.
  2. Discuss the importance of SWOT analysis for a small business.

2. Explain the analysis of small businesses using comparative measures of performance. (1.2)(12.5 marks)

You must:

  1. Identify the various comparative measures of performance.
  2. Discuss the importance of various comparative measures of performance.

3. Discuss the appropriate actions to overcome the identified weaknesses in small businesses. (2.1)(12.5 marks)

You must:

  1. Identify the various measures that can be taken to overcome small business weaknesses.
  2. Explain the importance of identified measures to overcome small business weaknesses.

4. Identify and explain the measure in which existing performance could be maintained and strengthened by small businesses. (2.2)(12.5 marks) You must:

  1. Identify various ways to maintain and improve existing business performance.

Discuss the advantages and disadvantages of the ways identified. 

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