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Task Solutions- Strengths and Weaknesses for Business :BUS305

Page 1 Maldives Business School Assessment Brief- July22_Sem Bachelor â€sDegree Year 1
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ASSESSMENT BRIEF
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Page1MaldivesBusinessSchoolAssessmentBrief-July22_SemBachelorsDegreeYear1
MaldivesBusinessSchoolCoverPage
ASSESSMENTBRIEF
BachelorsDegreeYear1
Thestudentmustfillintherelevantpartsofthefollowingtable.
StudentFirstName
StudentLast
Name
Student
ID
Task
No.
Date
submittedDateissued
July2022
Statementofauthenticity
I,theabove-namedstudent,herebyconfirmthatthisassignmentismyownworkandhasnotbeencopiedor
plagiarized.Ithasnotpreviouslybeensubmittedaspartofanyassessment.Allthesources,fromwhich
informationhasbeenobtainedforthisassignment,havebeenreferencedintheHarvardformat.Ifurther
confirmthatIhavereadandunderstoodtheMaldivesBusinessSchoolrulesandregulationsaboutplagiarism
andcopyingandagreetobeboundbythem.
Assignmentsummaryinformation
UnitUnit33:SmallBusinessEnterpriseModalityOL
SpecializationCore
AssignmenttypeThisisanindividualassignment.
TasksSubmitonDoon
Task1:Mid-SemReport:LO1,LO215th-20thOctober2022NA
Task2:End-SemExam:LO3,LO4.NA*
ExtensionsAnextensionmustbeappliedforinwritingbyindividualstudentsandwillonlybegranted
forvalidreasons.Noextensionsallowedforexamination.
Late
submissions
LatesubmissionswillbemarkedforallgradesbutwillincurafineofMVR250pertask.
(Report&Examination)
ResubmissionsEachreportresubmissionwillbechargedMVR100&re-sit/retakeforexaminationwillbe
chargedMVR250.
Assessor(s):Mrs.KavitaSharmaInternalverifier:Prof.SandeepSinghSikerwar
*EndSemesterexaminationdatesaspertheschedule.
Assessor(s)pleasefillthetablebelowAFTERtheevaluation.
AssessmentcriteriaTaskMaximumMarksMarksObtainedIVComments
1.1112.5
1.2112.5
2.1112.5
2.2112.5
3.1212
3.2212
4.1216
4.2210
TotalMarks100
AssessorsNameSignatureDate
__/__/__
Thisisthecoverpageforyourassignment.Eachtaskmusthavethiscoverpage.Amissingcoverpagewillrequireyoutoresubmit
thetaskandafeeofMVR100willbecharged.ReadthedocumenttitledAdditionalGuidanceonAssignmentsforhelponthe
generalreportformat,generalpresentationformatandreferencing.Evidencesrequiredtoachieveeachcriterionaregivenjust
beloweachcriterion.Endofthecoverpage.
StatementofGrades:
MarksRepresentativeGradeGradeInterpretation
85&AboveA*HigherDistinction
75to84ADistinction
65to74BMerit
50to64CPass
Below50FFail
Page2MaldivesBusinessSchoolAssessmentBrief-July22_SemBachelorsDegreeYear1
UNITOUTCOMES,ASSESSMENTCRITERIAANDEVIDENCEREQUIRMENTS
Unitoutcomesaregivenbelow.Assessmentcriteriaandevidencerequirementsaregivenbeloweachtask.
LearningOutcome1Beabletoinvestigatetheperformanceofaselectedsmallbusiness
enterprise.
LearningOutcome2Beabletoproposechangestoimprovemanagementandbusiness
performance
LearningOutcome3Beabletorevisebusinessobjectivesandplanstoincorporateproposed
changes.
LearningOutcome4Beabletoexaminetheimpactofchangemanagementontheoperationsof
thebusiness.
Criterion
DistributionTable
1.11.22.12.23.13.24.14.2
T1T1T1T1T2T2T2T2
EXPECTEDSOURCES
Atleasttwoofthesesourcesmustbecitedinrelevanttasksinyourassignment.
1.Reid,G.(2006).ThefoundationsofSmallBusinessEnterprise-AnEntrepreneurialanalysisofsmall
firminceptionandgrowth.London:Routledge.
2.Strauss,S.D.(2008).TheSmallBusinessBible.(2nded.).NewJersey:JohnWiley&S0ns.
3.White(Jr.),R.M.(1977).TheEntrepreneursManual-BusinessStart-Ups,Spin-offs,andInnovative
Management.Pennsylvania:ChiltonBookCompany.
4.Reid,G.C.(1995).SmallBusinessEnterprise:AnEconomicAnalysis.London:Routledge.
TASK1:REPORT
WriteareporttitledImprovingthePerformanceofSmallBusinesses.Thereportmustdiscuss
thevarioustoolstoidentifythestrengthsandweaknessesforabusiness.Yourreportmustalsodiscussthe
parametersonthebasisofwhichthecomparisoncanbedonebetweenthesmallbusinessofsamesize.
Youmustdiscussthevariousmeasurestobetakentoovercometheweaknessesaswellastostrengthen
thestrengthsofthesmallbusiness.Yourreportshouldbeunifiedandcoherent.Itmustnotexceed
3,000words.
Tocompletethistasksuccessfully,youmust:
1.Discussaprofileofsmallbusinessesexplainingthestrengthsandweaknesses.(1.1)
(12.5marks)
Youmust:
(A)Identifyandexplainthevariouscomponentsofasmallbusiness.
(B)DiscusstheimportanceofSWOTanalysisforasmallbusiness.
2.Explaintheanalysisofsmallbusinessesusingcomparativemeasuresofperformance.
(1.2)(12.5marks)
Youmust:
(A)Identifythevariouscomparativemeasuresofperformance.
(B)Discusstheimportanceofvariouscomparativemeasuresofperformance.
3.Discusstheappropriateactionstoovercometheidentifiedweaknessesinsmall
businesses.(2.1)(12.5marks)
Youmust:
(A)Identifythevariousmeasuresthatcanbetakentoovercomesmallbusinessweaknesses.
(B)Explaintheimportanceofidentifiedmeasurestoovercomesmallbusinessweaknesses.
4.Identifyandexplainthemeasureinwhichexistingperformancecouldbemaintained
andstrengthenedbysmallbusinesses.(2.2)(12.5marks)
Youmust:
(A)Identifyvariouswaystomaintainandimproveexistingbusinessperformance.
(B)Discusstheadvantagesanddisadvantagesofthewaysidentified.
(ThisprovidesevidenceforLO1andLO2.)
Page3MaldivesBusinessSchoolAssessmentBrief-July22_SemBachelorsDegreeYear1
TASK2:END-SEMESTEREXAMINATION
Inthistaskyouwilltakeanexamination.Itwillassessyouonthefollowingcriteria.
1.Revisebusinessplanstoincorporateappropriatechanges.(3.1)(12Marks)
Youshould:
(A)Identifyanddescribethecomponentsofabusinessplan.
(B)Identifyanddiscusstheareasofchangestobusinessplan.
2.Prepareanactionplantoimplementthechanges.(3.2)(12Marks)
Youshould:
(A)Identifyanddiscussthecomponentofactionalplantoimplementthechanges.
(B)Discussthebenefitsofpreparinganactionplanforthechanges.
3.Reportontheimpactoftheproposedchangesonthebusinessanditspersonnel.(4.1)
(16Marks)
Youshould:
(A)Explainhowthechangeswillaffectthebusinessanditspersonnelpositivelyandnegatively.
(B)Discussthewaysinwhichthenegativeeffectsoftheproposedchangescouldbeminimized.
4.Planhowthechangeswillbemanagedinthebusiness.(4.2)(10Marks)
Youshould:
(A)Describethemethodstomanagetheproposedchanges.
(B)Discusstheproblemsthatarelikelytoariseduringtheimplementationoftheproposedchanges.
(ThisprovidesevidenceforLO3andLO4)
FILESUBMISSIONRULES
1.SubmitTask1ReportasaPDFfile.Namethefileas:
BY1_OL_Unit33_SBE_July2022_Sem2_Task1_Report_FirstnameLastname_StudentID.
ReplaceFirstname&LastnamewithyourfirstnameandlastnameandStudentIDwithyourstudent
ID.Attachanyhighlyrelevantdocumentsasappendices.
2.Donotsubmitthefirstdraftofyourreports.Thereportsorpresentationsyousubmitmustbeatleast
thesecondeditedversion.Dothefinalediting:proofreadforlogicalerrors,spellingandgrammar.
3.RemembertouploadallthefilesbeforeyouclicktheSubmitbutton.
Endofassessmentbrief.Goodluck.

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