ass brief sbm

Assignment Brief Small Business Management

Assessment Brief

1. Unit and Assessment Details

Course Title: HND BusinessUnit Name: Small Business ManagementAssessor: Aamir SaeedInternal Verifier: Miss Sadaf Ijaz

Assessment Title: Analysis and Recommendation Strategies forSmall Business in Peshawar

Assessment Method: ReportAssessing in: Group of 3Number of Words: 2500 words Outcomes Covered: 1,2,3,4 Issue Date: April 9, 2009Due Date: June 20, 2009

Group Members

College No. Learner Name Learner Signature

Learner’s Declaration: I confirm that the work submitted for this assignment is my own.

Date

Outcomes Covered

Outcome Description

1 Analyse the Performance of Small Business Enterprise

2 Propose changes to improve Management and Business Performance

3 Revise Business Objectives and Plans to incorporate proposed changes

4 Implement changes in all areas of the Business.


NOTE: Attach this page as first page of your reportPurpose and Aim

The purpose of this assignment is Know about the Problems of the Small Business, along with the Opportunities it provides to the Entrepreneur. Students should have to monitor and analyze different strategies that are in Practice of different Small Business Enterprises. Students should also have to mention the strategies for the growth of Small Business firms.

Another important aim is to develop the common skills that learners require in practical life. These skills will be observed closely by the respective lecturers.

ScenarioApproved list of businesses is attached with the brief.

TasksYou are required to do following tasks:

Selection of the firm that is categorized as a Small Business by the Local Authorities based on the Market share or the Number of Employees. (SMEDA in Pakistan) and Describe the Profile of the business you have selected for your assignment in detail (Outcome 1.1)

Study the strategies in practice of the Firm you have selected and review its Performance. (Outcome 1.2)

Analysis of Strength and Weaknesses the Small Business Enterprise Selected. (Outcome 1.3)

Based on the Analysis in Outcome 1.3, recommend the appropriate actions to overcome the Business Weaknesses. (Outcome 2.1)

Investigate the Recommendations that you have mentioned in Outcome 2.1, to assess its impact on the Performance of the Business. Also how your recommendations could be maintained and strengthened in the small business firm that you have selected for your assignment. (Outcome 2.2)

Suggest ways in which the business could be expanded (Outcome 2.3) Review the Current Objectives and Plans that the Small firm have or

trying to achieve. Outcome 3.1) Review the current Plans of the small Business firm that you have selected

for your assignment, and Recommend the changes in their current Plans that you consider important for achieving the objectives. (Outcome 3.2)

Prepare the Action Plan to implement the changes that you recommended in the Outcome 3.2. (Outcome 3.3)

Assess the impact of changes, that you are recommending to the small Business firm, on the Personnel and on the Business of the firm. (Outcome 4.1)


Explain the how the changes that you are recommending will be implemented and managed in the Small Business firm. (Outcome 4.2)

Monitor the Improvements in business and Management Performance. (Outcome 4.3)

Grading Statement (For Report)

Criteria Pass Merit DistinctionP1 Describe the Profile of

the Business

M1

Study different departments of the small firm, Centralization and decentralization issues in decision making, with the workload, and importance of different departments

D1

Monitoring Strength and weaknesses of the firm based on Opportunities and Threats in the External Environment.

P2 Review the Performance of the Business

D2

Study the organization’s history that have changed their Threats in Opportunities

P3Identify the Strengths and Weakness of the Business

P4 Recommend Appropriate actions required to overcome Business weaknesses

M2

Recommend the actions to overcome the Business weaknesses along with the impact on the different departments of the organization, and the cost Benefit ratio.

D3

Suggest the Expansion Strategies with the aid of Ansoff Matrix, and Product line, Mix, and depth extensions, along with the need of financial and Human resources required for different recommendations.

P5 Investigate the ways in which existing performance could be maintained and strengthened.

P6 Suggest new areas in which the Business could be expanded.

P7 Review Existing Business Objectives and Plans.

M3

Review the existing Plans of the firm in the coordination with the Mission statements and Vision of the organization. Revise the Plans and mention the

D4

Mention the Cost Benefit ratio of Existing Business Objectives and Plans, Recommend the changes along with the cost benefit ratio, and prepare the action

P8 Revise Business Plans to incorporate appropriate changes

P9 Prepare Action plans to implement changes


impact on different areas of the organization and mention the resistance of change.

plans for the implementation of the recommended changes, with the aid of different charts like PERT

P10 Assess the impact of changes on the business and the associated Personnel.

M4

What changes you expect that will result based on your Recommendations? Mention changes on multiple departments of the organizations, D5

Consider other related organization that have implemented your proposed suggestions and monitor the results due to the proposed changes

P11 Explain how the implementation of changes will be managed in the business

M5

resistance from the Personnel and Strategies to motivate the Personnel to implement the changes.

D6

Monitor the improvement of the business that results in your proposed changes through Time Series analysis and comparisons of the before and after situations.

P12 Monitor improvements in Business and Management Performance.

Resources Required: Small Business Management Slides. Small Business Management Bible by David Frey. Small Business Management by David Strike World Wide Web

Common Skills Covered

Common Skills Criteria EvidenceCommunication Receive and

respond to a variety of information

Present information in a variety of visual forms

The format of the report, visually aids used, quality of expression and use of technical terms, Presentation of the report to the class.


Communicate in writing

Participate in oral and non-verbal communication

Working with and Relating to Others

Treat others’ values, beliefs and opinions with respect

Relate to and interact effectively with individuals and groups

Work effectively as a team member

Team meetings and minutes of meetings, Group coherence as a team and solving problems,Respective responsibilities of the group members and meeting the deadlines together through mutual cooperation

Applying Technology Use a range of technological equipment and systems

The report in Microsoft Office (Word, Excel, and PowerPoint) usage will be considered

Managing Tasks and Solving Problems

Use information sources

Deal with a combination of routine and non routine tasks

Identify and solve routine and non-routine problems

Team work will be observed and how do you handle different kind of information from different sources. This area will be assessed on your team meeting minutes and discussion with lecturer.

Applying Design and Creativity

Apply a range of skills and techniques to develop a variety of ideas in the creation of new/modified products, services or situations

Use a range of thought processes

The development of MIS Package will be observed to see the design and creativity aspect of a student


General Instructions

The copy of this assignment brief should be attached with the assignment as annexure

The team meetings should be held by the group and minutes of meeting must be attached with the assignment as annexure

The calls for the meetings should be attached with the assignment stating the agenda of the meeting, time and venue of the meeting. A copy of this letter should be provided to the respective lecturer

The group should identify its leader and responsibilities of each individual in the team. This statement should be attached as the annexure and a copy should be provided after one week of assigning tasks to the respective lecturer.

Books and online resources can be used at the college library and Central Computer Lab

Proper referencing should be given in the Harvard Style. Visits need to be arranged and made to the organizations, meeting the

respective managers, the college will provide a reference letter for the project and the manager of the organization is welcome to contact the administration at the college.

The college has strict penalty for plagiarism and the assignment will be cancelled if the assignment is observed for this.

Internal Verifier Assessor

ass brief sbm

Documents