42 – Planning For Growth

42 – Planning For
Growth

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Analyse key
considerations for evaluating
growth opportunities..................................................................................................................3
P2. Explain the Opportunities for growth using Ansoff's growth vector matrix........................5
TASK 2............................................................................................................................................6
P3. Sources of funding with their benefits and drawbacks.........................................................6
TASK 3............................................................................................................................................8
P4. Business plan for growth of business....................................................................................8
TASK 4..........................................................................................................................................11
P5. Succession plan for small business with its advantage and disadvantage..........................11
CONCLUSION .............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Planning covers the method through which the company or the organisation a in order to
frame and strategies there business tries to make certain advance future strategies through which
the company can tend to achieve more growth and success(Dimitrakopoulos, 2018). As by
planning the companies tends to make the organisational goals through which all the future
obstacle can be removed. This report will cover the Margaret Millions who owns a SME of
Don’t-Look-Further Catering Services (DLFCS) and there is a plan from her to expand the
business with the supermarket and gain more benefit by providing lunch meals. This report will
analyse all the Porter's generic and Ansoff matrix with various growth areas and the succession
plan there by needed.
TASK 1
P1 Analyse key
considerations for evaluating
growth opportunities.
Planning means the method through which evaluation of all the actions and deciding the
methods through which the company can gain the growth and can attain the objectives as the
Don’t Look Further Catering Services wants to expand the business and maintain the new meal
in the supermarket. As that SME helps out to gain more business opportunities and there will be
made all the expansion for the business.
Porter's generic strategy:
The Porter's generic strategy helps the company in order to get and achieve all there goals
in the market place. As there has been framed that all such market place improvise and provides
the ways as to get a proper rivalry and all the strategies that accounts to business.
 Cost Leadership- Through these services all the products in the market can there by
make the certain target and making there products being sold in the lower price as that
implies all the services can attain more customers by cutting the cost(Battu and et. al.,