Ass Brief Sbm

Assignment Brief Small Business Management

Assessment Brief 1. Unit and Assessment Details Course Title: Unit Name: Assessor: Internal Verifier:

HND Business Small Business Management Aamir Saeed Miss Sadaf Ijaz

Assessment Title: Assessment Method: Assessing in: Number of Words: Outcomes Covered:

Analysis and Recommendation Strategies for Small Business in Peshawar Report Group of 3 2500 words 1,2,3,4

Issue Date: Due Date:

April 9, 2009 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 1 2 3 4

Page 1

Description Analyse the Performance of Small Business Enterprise Propose changes to improve Management and Business Performance Revise Business Objectives and Plans to incorporate proposed changes Implement changes in all areas of the Business.

Assignment Brief Small Business Management

NOTE: Attach this page as first page of your report Purpose 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. Scenario Approved list of businesses is attached with the brief. Tasks You 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)

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Assignment Brief Small Business Management

 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 P1 P2 P3

Pass Describe the Profile of the Business Review the Performance of the Business Identify the Strengths and Weakness of the Business

M1

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

D1

D2

P4

P5

P6

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Recommend Appropriate actions required to overcome Business weaknesses Investigate the ways in which existing performance could be maintained and strengthened. Suggest new areas in which the Business could be expanded.

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

Distinction Monitoring Strength and weaknesses of the firm based on Opportunities and Threats in the External Environment. Study the organization’s history that have changed their Threats in Opportunities 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.

Assignment Brief Small Business Management

P7 P8 P9

P10

Review Existing Business Objectives and Plans. Revise Business Plans to incorporate appropriate changes Prepare Action plans to implement changes

M3

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

M4

P11

P12

Explain how the implementation of changes will be managed in the business Monitor improvements in Business and Management Performance.

M5

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 impact on different areas of the organization and mention the resistance of change. What changes you expect that will result based on your Recommendations? Mention changes on multiple departments of the organizations,

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

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

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D4

D5

D6

Mention the Cost Benefit ratio of Existing Business Objectives and Plans, Recommend the changes along with the cost benefit ratio, and prepare the action plans for the implementation of the recommended changes, with the aid of different charts like PERT Consider other related organization that have implemented your proposed suggestions and monitor the results due to the proposed changes

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

Assignment Brief Small Business Management

Common Skills Communication

Criteria •

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Working with and Relating to Others

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Receive and respond to a variety of information Present information in a variety of visual forms Communicate in writing Participate in oral and nonverbal communication

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

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

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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

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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.

Apply a range of skills and

The development of MIS Package will be observed to see

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Applying Design and Creativity

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Assignment Brief Small Business Management

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techniques to develop a variety of ideas in the creation of new/modified products, services or situations Use a range of thought processes

the design and creativity aspect of a student

General Instructions • • • •

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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

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Assessor