Professional Documents
Culture Documents
2
3
LO1 Be able to
investigate the
performance of a
selected small
business enterprise
LO2 Be able to
propose changes to
improve
management and
business
performance
LO3 Be able to
revise business
objectives and plans
to incorporate
Assessment requirements
To achieve each outcome a learner must demonstrate
the ability to:
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
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
3.1 produce an assessment of existing business objectives
and plans
3.2 revise business plans to incorporate appropriate
changes
proposed changes
LO4 Be able to
examine the impact
of change
management on the
operations of the
business.
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
Assignment title
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.
1b Using Porters Five Forces model, carry out an analysis of the nature of
competition which your selected SBE is exposed to, and show by way of a
comparative analysis, its performance in comparison to similar SBEs in the same
industry (AC 1.2)
1. To achieve M1, you will identify and use effective judgment in analysing the business
performance of your SBE using appropriate theories/models - SWOT, Porters five and
PESTLE.
2. To achieve D1, you will have used critical but correct business models to reviewing and
improving the performance of the named small business enterprise.
Task 2: Propose Changes to Improve Management and Business Performance
Based on the information obtained from scenario 1 above, undertake the following tasks
2a Recommend with justification, appropriate actions that managers of your
selected SBE might undertake in order to overcome the identified weaknesses of the
business (AC 2.1)
2b Assuming your selected SBE is currently performing well, analyse ways in which
its existing performance could be maintained and strengthened (AC 2.2)
3. To achieve M2, you will need to use appropriate range, sources and relevant
effective approach to independent research and study and will have met the
deadline to submit the tasks and achieve the unit assessment criteria. but
Task 3: Assessment of the business objectives and plans to incorporate proposed
changes
Using your selected business enterprise, assess the following
3a Produce an assessment of existing business objectives and plans of your selected
SBE and determine its viability and profitability (AC 3.1)
3b Assuming in your opinion, the viability and profitability of the existing business
plans of your selected SBE is in doubts, revise business plans to incorporate
appropriate changes that will make the business to be viable and profitable. (AC 3.2)
3c Prepare a feasible action plan to implement these suggested changes (AC 3.3)
5. To achieve M3, you will need to use appropriate technical language and follow a
4b Provide a plan that demonstrates how the changes will be managed in the SBE.
(AC 4.2)
4c Prepare a time scale to monitor the improvement in the performance of the SBE
over a given timescale. (AC 4.3)
Evidence
checklist
Task 1
Task 2
Task 3
Task 4
Achievement Summary
Qualification
Unit Number and
title
Criteria
Refere
nce
LO 1
1.1
1.2
LO 2
2.1
2.2
2.3
LO 3
3.1
3.2
3.3
LO 4
4.1
4.2
4.3
Assessor
name
Student name
Achieved?
(tick)
M1:
Achieved
?
(tick)
Grade descriptor
D1:
D2:
M2:
D3:
M3:
Achieve
d?
(tick)
Assignment Feedback
Formative Feedback: Assessor to Student
Action Plan
Summative feedback
Assessor
Signature
Date