Evaluation of Nisa Retail Limited 6 LO49 P5 Business Plan for Growth Interruption
Added on 2020-06-06
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PLANNING FOR GROWTH
Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1P1 Key considerations for evaluating growth opportunities ......................................................1P2 Growth factors evaluation of Nisa retail limited by using Asnoff's growth vector matrix....2LO2..................................................................................................................................................4P3 Potential sources of funding and their related benefits and their drawbacks for Nisa RetailCompany.....................................................................................................................................4LO3..................................................................................................................................................6P4 Business plan for the growth and development under Nisa retail limited.............................6LO4..................................................................................................................................................9P5 Assessment of benefits and drawbacks of exit and succession for the .................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONIt is essential for every business that he should have proper plan regarding its growth andbusiness should focuses on that plan while performing its functions and conduct their activityaccordingly so that any issues are not made arise in the future. The small medium businessproprietor knows that business plan is an important tool for them because it not guides them toexpand their business but also tells them about the current position of positions that where itstands today in the market(Lima, Robinson and Edwards, 2014). It shows the picture clearly andtells how business can achieve its long term growth and objectives so, it guides the owners andprovide the details regarding that and also suggest the steps to follow to achieve those objectives.The present report is based on Nisa retail limited which is a small medium enterprises which isessentially a large group in terms of retail sector and having headquarter situated in UK. It alsoprepares their business plan and emphasises on its business plan to understand its position andthat helps them a lot in raising down growth and development(Beatley,2014). This report alsocovers the key indicators for evaluating the growth and development and how he design abusiness plan for the growth and development.LO1P1 Key considerations for evaluating growth opportunities The growth opportunity is a type of investment which company is using to perform down thebusiness operations and also helps them in expanding their business. The Nisa retail limited hasto take care related to all the activities that covers under the organisations and perform itaccordingly to raise down the objective and also provide high level of satisfaction to theircustomers(Boddy and Hickman, 2014). The certain growth opportunities factors that affect thecited business activity and it is essential for them to considered it. They are as follows:Competitive advantages:For cited business the three things are that they taken whichprovide them a competitive advantage and helps them to give down a competition to itscompetitors in the market. The key indicators are as follows:Foundation related togrowth, capability in terms of using down the resource's and core competency.Besidesthis, it includes the porter generic strategies like cost differentiation, differentiation, Costfocusing and differentiation focusing. This approaches helps in better growth anddevelopment of company and supports an effective management of different operationsthat will help in better rise in effectiveness of the firm. 1
Understanding the customer demands:The cited business working under the retailsector and it is important for them to understand the customer needs and provide themaccording to their needs so they get maximum satisfaction in each course. The Nisa retaillimited keep checking the factors related to it and conduct their operations in order toraise down growth and profitability as compared to its competitors. It also having the idearegarding the customers so they make down improvement and changes every time forproviding better opportunity to them and creating a trust and loyalty among customers.Idea of capabilities:The cited business also have an idea related to their capabilities andthey conduct an internal assessment which is an important tool for them to helps them inidentifying down the strengths and weaknesses. Once, company get idea related to thisthey perform their operations accordingly to meet down its objectives and also improvingits profitability and productivity. The such factor helps down company in meeting theirrequirements and also helps them in improving their functions and maintaining itsposition in the market.Market trend factors:The cited company analyse the market trend factors and tracksuch factors regularly so that it helps them in identifying the customer demands whichcreate in the market and guides them to produce the product accordingly and bringchanges time to time in order to achieve loyalty from its customers.Change related to market strategy:It is important for Nisa retail limited to identify thechange factor and implement their policies and strategy in that manner only so thatcustomer wants will be satisfies and their requirements will be fulfilled(Desai, 2013). Thecompany bring down changes in their business operations and applying the properpolicies and plans so it helps them in earning good amount of returns. It can bring newand advance technology every time and also using various innovative techniques toattract its user.Give priority to growth and its related factor:The company give importance to thegrowth and its related factor and develop the strategy and plans and bring changesaccordingly in order to achieve the business objective and also helps down business inraising its growth and profitability.2
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