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Assignment on Planning for Growth

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Added on  2020-06-06

Assignment on Planning for Growth

   Added on 2020-06-06

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Planning For Growth
Assignment on Planning for Growth_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Key consideration for evaluating growth opportunities with suitable consideration in a firm.....................................................................................................................................................1P2 Determine the opportunities for growth applying Ansoff vector growth matrix...................2M1 Options for growth using a range of analytical framework..................................................4D1 Critically evaluate specific pathways for growth by taking various risk in consideration....5TASK 2............................................................................................................................................5P3 Potential sources of funding with benefits and drawbacks of each.......................................5M2 Adaptation of suitable source of funding.............................................................................6D2 Critically evaluate potential sources of funding....................................................................7TASK 3............................................................................................................................................7P4 Design of business plan for growth with financial information and strategic objectives......7M3 Formulation of suitable business plan for growth and securing investment........................9D3 Knowledge about business plan related with accomplishment of business objectives.........9TASK 4..........................................................................................................................................10P5 Assess exit and succession option for small business with benefits and drawbacks of each...................................................................................................................................................10D4 Critically evaluation of such options with suitable recommendation.................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
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Assignment on Planning for Growth_3
INTRODUCTIONPlan consider as best thing which directly influence positive reflection on business so thatbetter and suitable objectives get accomplish (Barbour and Deakin, 2012). Effective planningalways support in accomplish growth through achieving all objectives and targets properly.Hence, in such consideration planning for growth is must which define all aims and objectives ofbusiness properly. This project is based on Cafe Concerto whom want to grow and maximisetheir business at vast level by using digital technology and evaluate all new innovation. For thiscontext, business managers need to determine all business growth opportunities for business sothat it enables them to adopt and manage anew technology properly and effectively. For thispurpose, managers and can use relevant model in order to maintain suitable development. Thereare various sources get evaluated from which management become able to access funding inorder to maintain efficiency in working and implement growth properly. For scaling up abusiness, managers need to create a development plan through which chances of appropriatemanagement get enhance. All these factors get manage properly by creating a plan whichappropriate for growth and betterment. TASK 1P1 Key consideration for evaluating growth opportunities with suitable consideration in a firmGrowth opportunities are a major course of business which need to evaluate it in anappropriate frame (Beatley, 2014). Digital technology is consider as best suited method for everybusiness so that business become able to manage growth and development. It is important tomanage effective innovation in an association so that organisation lead to accomplish targetsproperly with define objectives as well. There are various consideration identify whichassociated with growth opportunities and need to evaluate by business properly so that efficiencyin working could be manage and maintain. All these factors need to consider by Cafe Concertomanager in order to enhance productivity and implement growth plan properly: Competitive advantage: One of a major thing which directly linked up with growth iscompetitive advantage. Business need to adopt such tools and techniques which madethem superior from others so that vast range of users easily get attracted. The basis ofcompetitive advantage for foundation of growth and opportunities are:1
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