Unit No. 33: Small Business Enterprise

Unit No. 33: Small Business Enterprise


School of Business & Management
 
 



Qualification: Pearson BTEC Level 5 HND Diploma Business (Management)

Unit Number and Title
Unit No. 33: Small Business Enterprise
 Assessment Deadline:
1st Formative submission date: 24/10/2014
2nd Formative submission date: 28/11/2014
Final submission date: 17/12/2014

Assessor Name: Dr. Chima Egbukole

                              Rita Bright
                              John Opoku

Date issued:   08/10/2014

Rules and regulations:

Plagiarism is presenting somebody else’s work as your own. It includes: copying information directly from the Web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own work.  Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the procedures set down by the College. Please see your student handbook for further details of what is / isn’t plagiarism.

Coursework Regulations  

1                     Submission of coursework must be undertaken according to the relevant procedure.  Lecturers will give information as to which procedure must be followed, and details of submission procedures and penalty fees can be obtained from Academic Administration or the general student handbook.
2                     Late coursework will be accepted by Academic Admin Office and marked according to the guidelines given in your Student Handbook for this year.
3                     If you need an extension (even for one day) for a valid reason, you must request one. Collect a coursework extension request form from the Academic Admin Office. Then take the form to your lecturer, along with evidence to back up your request. The completed form must be accompanied by evidence such as a medical certificate in the event of you being sick. The completed form must then be returned to Academic Admin for processing. This is the only way to get an extension.














O                     Learning Outcomes and assessment requirements
Learning Outcomes
Assessment requirements

To achieve each outcome a learner must demonstrate the ability to:                                                                              
LO1 Be able to investigate the performance of a selected small business enterprise
1.1 produce a profile of a selected small business identifying its strengths and weaknesses
1.2 carry out an analysis of the business using comparative measures of performance
LO2 Be able to propose changes to improve management and business performance
2.1 recommend with justification, appropriate actions to overcome the identified weaknesses in the business
2.2 analyse ways in which existing performance could be maintained and strengthened
2.3 recommend with justification, new areas in which the business could be expanded
LO3 Be able to revise business objectives and plans to incorporate proposed changes
3.1 produce an assessment of existing business objectives and plans
3.2 revise business plans to incorporate appropriate changes
3.3 prepare an action plan to implement the changes
 LO4 Be able to examine the impact of change management on the operations of the business.
4.1 report on the impact of the proposed changes on the business and its personnel
4.2 plan how the changes will be managed in the business
4.3 monitor improvements in the performance of the business over a given timescale.









In addition to the above PASS criteria, this assignment gives you the opportunity to submit evidence in order to achieve the following MERIT and DISTINCTION grades

Grade Descriptor

Indicative characteristic/s

Contextualisation
M1 Identify and apply strategies to find appropriate solutions
·          complex problems with more than one variable have been explored
·
To achieve M1, you will need to use both qualitative and quantitative variables in order to assess business performance. (Task 1)
M2 Select / design and apply appropriate methods / techniques
·          a range of sources of information has been used
·         
To achieve M2, you will need to use appropriate range of sources to support business analysis and propose changes to the business.
(Task 2)
M3 Present and communicate appropriate findings
·          the appropriate structure and approach has been used
To achieve M3, you will need to use appropriate structure and approach when reviewing the business plan for your selected SBE. (Task 3)
D1 Use critical reflection to evaluate own work and justify valid conclusions
·   Conclusions have been arrived at through synthesis of ideas and have been justified
To achieve D1, you will have reached a justified conclusion though synthesis of ideas.
D2 Take responsibility for managing and organising activities
·          autonomy/independence has been demonstrated
·          activities have been managed
To achieve D2 you will have demonstrated an effective approach to independent research and study and will have met the deadline to submit the tasks.
D3 Demonstrate convergent /lateral /  creative thinking
·          innovation and creative thought have been applied
To achieve D3 you will have to come out with innovative and creative ideas to improve performance of your selected SBE.UNIT 38: SUSTAINABLE TOURISM DEVELOPMENT



Assignment title
Performance of Small Business Enterprise.
Purpose of this assignment:  Small businesses are vital to the success of any economy. Not only as they provide the success stories of the future, but also because they meet local needs, serves as backbone of creativity and production, stimulates economic growth and serve the requirements of larger businesses. However, small businesses are confronted with a wide range of internally and externally based problems on a daily basis which makes it mandatory for small business managers to understand how to apply effective turnaround strategies to put their firms back to profitability. This module and its corresponding assignment is meant to give learners the opportunity to focus on the processes involved, through change management, of reviewing and improving the performance of a small business enterprise.
Scenario
The scenario is individualistic. Students are expected to approach a small business enterprise that is familiar and accessible to them and from which they can obtain relevant information that will enable them to carry out the tasks.
TASK 1 ( covers learning outcome 1, and assessment criteria 1.1, 1.2 and M1)
Business Performance of a selected small business enterprise   Approach a small business enterprise that is familiar and accessible to you and from which you can obtain relevant information that will enable carry out the following tasks:
  • 1.1 -  Produce a profile of the selected small business enterprise (SBE), which among many other things should include the inherent weaknesses of the SBE and areas where it demonstrates unique strengths in comaparism to its competitors
  • 1.2 -  Carry out an analysis of the business using comparative measures of performance

To achieve M1, you will need to use both qualitative and quantitative variables in order to assess business performance. (Task 1)
TASK 2 ( covers learning outcome 2, and assessment criteria 2.1, 2.2, 2.3, M2, D2)
Propose Changes to Improve Management and Business Performance
Based on the information obtained from scenario 1 above, undertake the following tasks
  • 2.1 - Recommend with justification, appropriate actions that managers of your selected SBE might undertake in order to overcome the identified weaknesses of the business
  • 2.2 -  Analyse ways in which its existing performance could be maintained and strengthened
  • 2.3 - Recommend with justification, new areas in which the business could be expanded with concrete justifications
To achieve M2, you will need to select appropriate methods and techniques or range of sources which are justified.

TASK  3 ( covers learning outcome 3, and assessment criteria 3.1, 3.2, 3.3, M3, D3)
Assessment of the business objectives and plans to incorporate proposed changes
Using your selected business enterprise, assess the following
  • 3.1 -  Produce an assessment of existing business objectives and plans of your selected SBE
  • 3.2 - Revise the business plans of your selected SBE to incorporate appropriate changes
  • 3.3 -  Prepare a feasible action plan to implement these suggested changes

To achieve M3, you will need to use appropriate structure and approach when reviewing the business plan for your selected SBE.
TASK  4 ( covers learning outcome 4, and assessment criteria 4.1, 4.2, 4.3)
Task 4: assessment of impact of change management and plausible solutions
  • 4.1-  Provide a report on the impact of the proposed changes on the business and its personnel
  • 4.2 - Provide a plan that demonstrates how the changes will be managed in the SBE.
  • 4.3 – Show how you will monitor improvements in the performance of your selected SBE over a given timescale.


To achieve D1, you will have reached a justified conclusion through synthesis of ideas throughout the assignment
To achieve D2 you will have received very little support and demonstrated an effective approach to independent research and study and will have met the deadline to submit the tasks and achieve the unit assessment criteria.
To achieve D3 you will produce excellent analysis aided by incredibly innovative relevant pictorial presentation of and accurate identification of relevant business models throughout the assignment



Evidence checklist
Summary of evidence required by student
Task 1
Learner to write a report that shows the performance of a selected small business enterprise highlighting the strengths and weaknesses of the enterprise
Task 2
Learner to propose changes that will bring improvements to the existing management of the enter[prise which will ultimately lead to business performance
Task 3
Learner to write a report that revises the existing business objectives and plans, incorporating new changes to the enterprise for better performance
Task 4
Learner to write a report on the impact of the proposed change management on the operations of the business.
Please note that task 1, 2, 3, and 4 should all be in one report


Achievement Summary


Qualification
Pearson BTEC Level 5 HND Diploma in Business

Assessor name


Unit Number and title
Unit No. 33: Small Business Enterprise

Student name




Criteria Reference
To achieve the criteria the evidence must show that the student is able to:
Achieved?
(tick)
LO 1
Be able to investigate the performance of a selected small business enterprise


1.1
Produce a profile of a selected small business identifying its strengths and weaknesses

1.2

Carry out an analysis of the business using comparative measures of performance

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

2.1

Recommend with justification, appropriate actions to overcome the identified weaknesses in the business

2.2

Analyse ways in which existing performance could be maintained and strengthened

2.3

Recommend with justification, new areas in which the business could be expanded

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

3.1
Produce an assessment of existing business objectives and plans

3.2
Revise business plans to incorporate appropriate changes

3.3
Prepare an action plan to implement the changes

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

4.1
Report on the impact of the proposed changes on the business and its personnel

4.2
Plan how the changes will be managed in the business

4.3
Monitor improvements in the performance of the business over a given timescale.



Higher Grade achievements (where applicable)


Grade descriptor


Achieved?
(tick)

Grade descriptor

Achieved?
(tick)
M1 Identify and apply strategies to find appropriate solutions

D1 Use critical reflection to evaluate own work and justify valid conclusions

M2 Select / design and apply appropriate methods / techniques

D2 Take responsibility for managing and organising activities

M3 Present and communicate appropriate findings

D3 Demonstrate convergent /lateral /  creative thinking




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