Fundamentls of Entrepreneurship Essay

Fundamental of openingrship is an individual who treats initiative to softw be program resource in innovative slipway and is willing to bear the stake or uncertainty to act. The purpose of done this assignment to know and see to it that enterprisership play role to started new bloodline attempt. Moreover, entrepreneur for started new enterprise that SPM JATI (cooking cover), need followup cognitive summons of his origin, identify strength and weaknesses, recommend a formulate of action that will capitalize on the troupes strengths, and bruise its weaknesses and fin solelyy dividing line quick public presentation could be celebrate and strengthened.With step forward this lowlifenot complete the task to started new business. Before I start my assignment, I had obtained virtu all in ally learning from my lecture and I to a fault get information or so entrepreneurship from internet. Through internet I know that entrepreneur of review performance to started new e nterprise that SPM JATI (cooking crude), strength and weaknesses, recommend a plan of action and business existing performance could be maintained and strengthened.Entrepreneurship moldiness search all kind of problem and know need to sack up the problem then only cease achieve in business, if the entrepreneur run away from business it show he or she cannot face it the business and dont know how to solve the problem. Task 1, is imply a bout review the performance of SPM JATI enterprise cooking oil. Its easy to focus only on the day-to-day running of SPM JATI enterprise. Its simply include business efficiency, financial position, business goals and conduct a clients and market analysis.Task 2, is indentify around SPM JATI enterprise, strength could be seen in legal injury of SPM JATI total extremely polite and service of processful and your competitors staff has truly some node-friendly attributes, products SPM JATI provides cooking oil, customers loyalty is demand, an d location located at. And weakness, an disapproves look e real aspect of SPM JATI enterprise whether its products and service could be mendd. Task 3, is analysis the beau monde strengths and weaknesses. And how to overcome the weaknesses of caller.Task 4 is talk approximately help jerry to investigate ship canal in which business existing performance could be maintained and strengthened Task 1 2. 2 How would you review the performance of his business? 2. 1. 1 Introduction task 1 In this task talking about review the performance of business of SPM JATI follow. This task explains about operation worry. Product preparation, location readiness, process planning, cut chain focussing and quality management. 2. 1. 2 Answer Review the performance of SPM JATI Enterprise cooking oil for financial position, its often split because of poor financial management or a lack of planning. much the business plan that was used to help raise finance is determine on a shelf to gather dust. When it comes to SPM JATI Enterprise cooking oil business success, therefore, developing and implementing sound financial and management strategys. . Product planning Product planning and product control work hand in hand to en for sure that consumers get the products they want, when they want. Product planning involves evaluating the product and placement, price, packet boat and position. SPM JATI cooking oil using product planning. Price must proto example and the package look nice and the customer attract to the package. Location planningLocation is in like manner very important for service and manufacturing ventures, which have such(prenominal) costs as advertising, promotion and distribution that are a betoken result on where they located. SPM JATI follow location is very near customer and other condescend too. Location has to be convenient for customers and their employees need tolerable parking. That means locating near to key suppliers in areas for pick-up and deli veries. JATI caller-up choosing the stovepipe location for business that us the first step to target the customers. transition planning A business plan is used when starting a new business or new product into market.SPM JATI cooking oil develops the products and maintains the products. SPM JATI cooking oil planning misdirects a new machine that is self-propelling packing machine to alter the business and supply in braggart(a) scale. Supply chain management Supply chain management is the reversion materials information and finance as move in a process from supplier to manufacturer to middleman to consumer. The product flow includes the movement of goods from a supplier to a customer as hale as customer give births or service needs. SPM JATI cooking oil supply to contact and the wholesaler supply to consumer this is supply hain management of SPM JATI cooking oil social club. Quality management SPM JATI Company maintains the good name and reputation of the accompany. To gai n a warlike advantage, many companies will implement a quality management system to ensure they produce the best products. 2. 1. 3 culmination The conclusion is when I do this question I got a lot of idea about the business and alike I can earn very well about what is product planning, location planning, process planning, supply chain management and how much important to business. This step all SPM JATI company follow and maintain the businessTask 2 2. 2 Help Jerry identify his companys strength and weaknesses. 2. 2. 1 Introduction task 2 In this task talk of about SPM JATI company strengths and weakness. SPM JATI company strengths and weakness. SPM JATI Company strengths is understand consumer needs and provide high take customer service. Weakness is not enough workers in the company and also the labor costs very high. 2. 2. 2 Answer The impacts of inbred strengths and weaknesses on the success of the subject of analysis. The internal strengths and weaknesses of you, your s taff, your products, and your business.The internal strength that breaks organization more emulous than its marketplace peers. And the internal weaknesses with organization that will keep it from achieving its objectives it is what an organization does poorly. authorization This involves looking at the strength and weaknesses of SPM JATIenterprise cooking oil. Internal strength of business SPM JATI enterprise cooking oil, could be seen in terms of SPM JATI enterprise staff, products, customers loyalty, processes, or location. SPM JATI enterprise cooking oil,strengthterms staffextremely polite and helpful, very important to be completely honest and realistic.Next products, cooking oil, customer loyalty is when a supplier received the reward of his efforts in interacting with his customer. Customer loyalty tends the customer to voluntarily choose a particular product against another for his needs. Location for SPM JATI enterprise are very good because very near to customer and who lesaler also. So when very near to customer the supply cost drive low and can save money also. The name of company very popular everyone knows about JATI cooking oil and the products quality. JATI Company understands the consumer needs.JATI Companyprovides high level customer service. Have a presence in retail markets. And also the customer like and go for JATI cooking oil. Weakness Company weaknesses are a lack of resources or capabilities. SPM JATI Company has higher(prenominal) labor costs. enemy who can have similar productivity from lower labor costs. SPM JATI also not enough workers and the management are not very good. 2. 2. 3 Conclusion In this task discuss about the company strengths and weakness. beg off about the SPM JATI company strengths and weakness. Task 3 2. Following the analysis of the company strengths and weaknesses, recommend a plan of action that will capitalize on the company strengths, and overcome its weaknesses. 2. 3. 1 Introduction In this task discuss about the strengths and weakness of Jerry Company SPM JATI enterprise. So need to find out some step to help Jerry Company to reform. And also discuss the overcome company weakness. 2. 3. 2 Answer Company strengths The first strengths for jerry JATI Company are good name in market everyone know about the company and the brand. JATI Company provides high level customer service.Customer also likes to obtain JATI products because customer likes the packing and the good service also. JATI Company supply goods cartridge holder to time. Overcome company weakness After I discuss about strength and weakness of Jerry Company that is SPM JATI enterprise. Jerry can be try to improve the products and packing. Customer service is very important in business, Jerry Company must focus on customer service. First the weakness of SPM JATI Company is higher labor costs. After that SPM JATI company not enough workers in the company so cannot produce more products because very less worker.SPM JATI mus t take new worker for company and can produce more products. SPM JATI company have 3 lorry but that is not enough for supply goods because a lot of order from customer and wholesaler. So need to buy new lorry, for more supply goods for customer and the business also can develop if supply more goods for customer the company can make high profit. 2. 3. 3 Conclusion As a conclusion, I help to find the steps or ways to help Jerry Company to improve and do much better then now. Next is, found the ways to solve jerry company weakness Task 4 2. Jerry has bought you a one-week return ticket to his holiday home in Penang. He wants you to helpHim investigate ways in which the business existing performance could be maintained and strengthened. 2. 4. 1 Task 4 introduction In this task discuss about to help jerry investigate ways in which the business existing performance could maintained and strengthened. I help jerry how to improve the performance of SPM JATI Company. So for one-week I will ta ke care jerry business and help him also to improve the business. 2. 4. 2 Answer The ways to improve the company performanceI have help jerry to promote his company name and product. I do which customers buy a lot of JATI product they all get some gifts from company. Next is, I give some donation under JATI company name then only people know about the company and what they are selling or produce. This also one good type of advertising. If company name popular in market then all customer know about the company and the business sales also ontogeny. And I ask jerry to do some offer or discount. When customer purchase JATI product the price be half price for few month, to promote the product.Another idea is make t-shirt for customer, like which shop sell a lot of JATI products give them t-shirt. 2. 4. 3 Conclusion Conclusion is, this is the ways to improve the company performance and steps. When jerry follow the steps in a higher place sure jerry company will be improve and success on his overall business performance and also can increase the business sales or monthly turnover can increase. This steps all are very good to business improve and can increase the production of the company so jerry must follow the ways to improve. besides now Jerry Companyimproves ready, so for no problem for Jerry Company.I think Jerry Company does better sales and better business management. Because jerry know ready what is steps and ways to improve the company performance. 3. 0 Conclusion As a conclusion when I finish this whole assignment I can understand what is business strength and weaknesses. And how to take care the business and also how to solve the problem. So when jerry follows all the ways or steps of business, sure the business will successes and can make more profit. Every entrepreneur must know the business strength and weakness.