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Assignment : Planning For Growth

   

Added on  2020-10-05

14 Pages4035 Words167 Views
Planning For Growth
Assignment : Planning For Growth_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Key consideration for evaluating growth opportunities and justify these consideration.......1P2 Opportunities for growth applying Ansoff's growth vector matrix.......................................3TASK 2............................................................................................................................................5P3 Potential source of funding available to businesses and discuss benefits and drawbacks.....5TASK 3............................................................................................................................................6P4 Business plan for growth that includes financial information and strategic objectives forscaling up a business...................................................................................................................6TASK 4............................................................................................................................................7P5 Assess exit or succession option for a small business explaining the benefits anddrawbacks of each option............................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9.......................................................................................................................................................10
Assignment : Planning For Growth_2
Assignment : Planning For Growth_3
INTRODUCTIONPlanning is one of the important aspect for every business organization to accomplish thegoals and objectives. Mainly, it refer to the preparing strategies and plan that help in capturingfuture opportunities in market place. In addition of this, SME's also play a vital role in enhancingthe economic growth of the nation (Abolhasani and et.al., 2016). By preparing a plan, smallorganization can easily attain desired growth at market place and at the same time also capturelarger market share from its rivals. Present report is based on Spring taste catering, is new foodcompany that operate its business in UK. The main aim of this firm is to provide best cateringservices to the customers as per their requirements. It also entering into a contract that is relatedto the catering services with The University of Leicester for innovation hub. This reportdiscussed about the key consideration for evaluating the growth opportunities and different waysto funding for the business. Along with this, business plan is mentioned in this report thatincludes business strategic objectives and ideas. At last, ways of exiting and succession is alsodiscussed here. TASK 1P1 Key consideration for evaluating growth opportunities and justify these considerationGrowth is important for business organization to sustain in market place for period oftime. This will contribute in enhancing the market share of the company and customers base aswell. In context of this, Spring taste catering is a small company that provide catering servicesfor innovation hub of The University of Leicester with the aim of expanding their business inmarket. In this, the company has opportunities to enhance its market share by providing healthyand organic food services to the customers because now days consumers are more aware towardsthe health issues. This is beneficial for the company to capture market share by deliveringhealthy and organic products to the customers in market. Apart from this their are some keyconsideration that help business to evaluating the growth opportunities in market place. Thesecan be understood by following points:Porter's generic strategy:It is an important strategy that determine how a business can ascertain competitive edgefrom its rivals in market. Mainly, porter's generic includes four strategies that can be used by thecompany with the aim of enhancing their performance level and establishing competitive image1
Assignment : Planning For Growth_4

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