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Unit 21 Small Business Enterprise

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Aim of Unit 21 Small Business Enterprise 

The unit is for identifying management performance and their impact on the small business enterprises. The study would focus on different changes in the performance level. Apart from that, it would also look for the development as well as expansion of this kind of business. Further, it would draw together various related topics and allows learners to identify different plans and business objectives for incorporating proposed organisational changes. It must be ensured that all the discussion would be based on the hospitality sector. At the end, it would enable them to gather skills for improving management and overall business performance for the future aspect.

Unit 21 Small Business Enterprise
Unit 21 Small Business Enterprise

Learning outcomes

1 Be able to investigate the performance of a selected small business enterprise

The unit would investigate the level of performance within the small enterprises in which business profiles, comparative performance management, business information analysis would be analysed. In these aspects, the study would focus on different business components, business objectives, external and internal factors, performance measurement, restrictions and constraints on the business operations,comparisons with other similar organisations regarding production, financial, marketing, sales, technology usage and human resources. Apart from these, learners would get relevant information on different aspects such as marketing and financial information, market research, budget information and others.

2 Be able to propose changes to improve management and business performance

From this part, learners can get vital inputs regarding different proposed management changes for improving business performance. For this, it would analyse different ways of overcoming weaknesses, maintaining existing operations, creating new opportunities and evaluating different management personnel. In these aspects, different problem-solving strategies, different sources and professional advice, use of efficient outsourcing, debt collection, developing business strengths and market share, significance of good consumer relationships, different areas in niche market for further expansion, project evaluation and research techniques would be achieved.

3 Be able to revise business objectives and plans to incorporate proposed changes

This part would evaluate different business objectives and organised business planning for future incorporation of proposed changes within operations. Within the objectives and planning, the study would analyse different aspects such as objectives structure, assessment of different objectives, developing changes in objectives and impact of these changes on the organisational planning. Apart from these, various business plans would be evaluated such as sales and marketing plan, financial plan, other business plans, change budgets, change in planning, forecast preparation, management system plan, evaluation and monitoring plans for changes and performance measurement plan.

4 Be able to examine the impact of change management on the operations of the business

At the end, the study would focus on multiple impacts of changes on financial, sales, marketing, job roles, workloads, production methods, and technology usage. Apart from that, it would also based on monitoring change effects, maintaining systems, recording the change impacts  and revising plans for future development.

Learning outcomes and assessment criteria

Learning outcomes   On successful completion of this unit a learner will: Assessment criteria for pass   The learner can:
LO1 Be able to investigate the performance of a selected small business enterprise produce a profile of a selected small business identifying its strengths and weaknessescarry out an analysis of the business using comparative measures of performance
LO2 Be able to propose changes to improve management and business performance recommend with justification, appropriate actions to overcome the identified weaknesses in the businessanalyse ways in which existing performance could be maintained and strengthenedrecommend with justification, new areas in which the business could be expanded
LO3 Be able to revise business objectives and plans to incorporate proposed changes produce an assessment of existing business objectives and plansrevise business plans to incorporate appropriate changesprepare an action plan to implement the changes
LO4 Be able to examine the impact of change management on the operations of the business report on the impact of the proposed changes on the business and its personnelplan how the changes will be managed in the businessmonitor improvements in the performance of the business over a given timescale

Links

The unit can be linked with a number of others, including: