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Managing And Running A Small Business Level 4

Type: Management Pages: 5
  • Course Code: PROJ6000
  • Course Title: Managing And Running A Small Business Level 4
  • University: Nelson college london
  • Country: UK

Scenario

This project is about assessing learners' application of their learning to a simulated business of their choice that they will work on as part of a group. It helps to provides learners with the opportunity to acquire understanding of how all of the different aspects of running a business interrelate to achieve success, and develop an appreciation of the benefits and importance of organisation and planning. By carrying out this project learners are required to demonstrate that they have a good grasp of the skills that are needed to successfully perform in the work environment. It consists of the skills required for general employment, such as interpersonal and transferable skills, and the ability to work with others in teams or groups, including leadership and communication skills. Moreover, it also meant to assess the understanding of the day to day issues and therefore being able to solve problems. In order to carry out this project, you should ideally consider an organisation you have worked or currently working and provide a brief profile of the organisation with your course (one page either in the appendix or as a preamble).The tasks in this coursework project are all based on your own personal scenario, but your discussion should be supported by relevant theories and concepts.

Learning Outcome

  • LO1: Discuss how a small business or social enterprise plans and allocates resources to achieve objectives.
  • LO2: Explain and evaluate the customer relationship management process for a small business or social enterprise, including understanding the benefits and challenges of transnational operation.
  • LO3: Develop and analyse a cash flow forecast, budget and break-even analysis and interpret key financial statements.
  • LO4: Discuss the implications of regulation and legislation on a small business or social enterprise.

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