Analysis of Small Business Assignment Example | Topics and Well Written Essays - 4000 words

abbreviation of under sized Business - Assignment Examplea)Indirect competitor17b)Future competitor18Recommendations19i.Systematisation20ii.Web presence20iii.Customers20iv.Plan21 end21Reference23Bibliography27IntroductionSmall commercial enterprisingness enterprises play an important tell in the economy if a outlandish. Small line of reasoninges constitute the maximum profession establishments in both acres where the number of employees is less than 500. In developed countries the major portion of the problem is occupied by the teensy business entities, whereas in developing economies it is seen as an opportunity to eliminate unemployment and poverty (Unido, 2004, p. 17).A bittie business enterprise is defined as an independent business entity. The piffling business entity is effect not to be dominating the operations in its own field. A bantam business is different from the large business in context to its functionality and way of approaching the business market. The main objective of this research is to provide an keenness about the small business. An analysis based on the strength and weakness of the small business enterprise will be part of the research. Moreover, the contribution and affect of the small business enterprises to the economy of a country will be analysed.Literature reviewLiterature review plays an important part in any research based on a particular topic. The main focus of this research is to analyse the small business enterprises and their role in shaping the economy of a country.... The study on small businesses reveals that the owners of such enterprises do not prefer innovation or change in their functioning of business. Most of the small businesses are founded based on the established business models and practices (Stokes & Wilson, 2010, p. 34-35). Small firms are believed to have added large plow circumstances of employment to a countrys economy. Most of the new jobs are added in services such as leisure and hospita lity. In the study of small businesses it has been noted that most of the large enterprises faces stiff ambition from the smaller firms. Though the competitions will not be matched in every aspect, still competition helps the small business firms to enhance their efficiency in terms of productivity (Pride, Hughes & Kapoor, 2011, p. 143-144). The small business enterprise is found to have certain important features which make it a different entity. The characteristics can be discussed below Small businesses are managed in a personalised manner by the owner of the business entity. The market share for such enterprises is small in comparison to the large business enterprises (Needham & Dransfield, 1994, p. 135). The owner holds all the power for reservation decision and implementing the same. The small business enterprises do not have any specific shape and size as they range from a coffee bar to a retail outlet. The large enterprise has no control over such enterprises which makes t hem independent in their operations. It has been noted that the number of employees in small business enterprises are significantly less than 500 or even lesser for construction business. The small business enterprises are no more confined to a particular location, but are rather spillage global. Globalisation has become the need of the hour and with the