Improving Enzos Small Business Economic Performance: Key Strategies

Abstract

Institutional Affiliation Professor’s Name Date CASE 1 What seems to be wrong with the firm’s economic performance? Enzo cannot attain a financial breakthrough with his business by getting a sustainable income from his new business to support his family after leaving his well-paying corporate job. Some of the reasons which resulted in his the firm's poor economic performance are: The website's ability to bring in new customers was disappointing. Enzo lost some of his two good clients over the year. There was barely adequate new revenue related to new customers to cover the training and software costs Sheryl needed to do the project. Enzo took time to determine efficient operations and how to negotiate and effectively price jobs. The lack of well-experienced employees, evident in his first two employees in the lead designer's position, had disappointing work ethics. Conrad, one of the two hired employees, lied about his knowledge and skills in his resume. What do you believe is the leading cause of that effect The leading cause of the poor economic state of his business performance is the lack of time to figure out how to hire and train his employees. Application of the five whys and problem-solving techniques Why did the firm reveal poor economic performance? Enzo could not support his family and provide himself with a good income. Why didn't the firm provide him with adequate income? Enzo did not take enough time to manage his business Why did he fail to manage his business? Enzo did not take enough time to hire and train his employees. Why did he fail to take enough time to hire and train his business? Enzo trusted their resumes. Why did Enzo trust the resumes of his employees? The employees were able to work without supervision....