Describe the activities of any small business you know or are familiar with (e.g. physical, online). Using the framework for designing annual objectives, discuss how the small business in question will apportion annual objectives to its staff and control the process (15 marks)
Answers
the small business plays a very important role in the development of the entrepreneurship of a country.
Explanation:
- usually there are certain same characteristics for various small business. One of the characteristics is that it has solo proprietor.
- In addition to this the investment is done by different Government and non government bank.
- The amount of investment is however low. The employment given to the the people are low for the solar business. The annual objective is to to gain the amount of money that is spent with a profit more than the interest for that sum of money.
To know more about small business,
Sole Proprietorship is useful for small business. (State with reason .
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The activities of small business
Explanation:
- Planning
Business is concerned with planning of goals, to be achieved and the ways and means of achieving them.
- Organizing
It is concerned with organising the human and the other resources of the organisation for the purpose of accomplishment of the stated goals.
- Directing
It is concerned with influencing the staff's behavior at various work-centers with a view to getting them to perform necessary tasks.
- Controlling
It is concerned with ensuring the efforts of the staffs of the organisation are in fact the direction of accomplishment of annual objectives.
To know more:
discuss how the small business in question will apportion annual objectives to its staff and control the process
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