Ways to Grow Business with External Assistance - A Study on Business Innovation and Skills

This study focuses on the ways through which businesses can grow with the help of external assistance and innovative strategies. It includes a comparison of views from different respondents in two regions. The study emphasizes the importance of obtaining external assistance, developing new business strategies, and improving sales and marketing. It also highlights the significance of diversifying products and services, increasing market share, and improving business performance. The study concludes that external assistance and innovative strategies are crucial for business growth.

BIS DATA ANALYSIS

Table of Contents
INTRODUCTION......................................................................................................................2
MAIN BODY.............................................................................................................................2
CONCLUSION........................................................................................................................19

INTRODUCTION
Business Innovation and Skills is consider the growth department of the company
such that this department help the company to invest into the skills and education in order to
promote the business as well as boost the innovation within a business. In the same way,
current study main aim is to determine the ways through which the firm is able to meet the
define aim and by developing new and innovative business strategy, it is easily meet the
define aim as well. Thus, the current study is based upon the primary research through which
two regions are compare in order to determine the views of different respondents. Through
this study, company also determine the way through which the business may easily develop
at further level.
MAIN BODY
Theme 1:Business need any external assistance or information to run a business
Southeast Region:
Q4_3B_1 Total %
Yes, definitely describes 60 55%
Yes, describes to some extent 16 15%
No, does not describe 27 25%
Don't know 6 6%
Grand Total 109
Q4_3B_1 Yes, definitely
describes Yes, describes
to some extent No, does not
describe Don't know
0
10
20
30
40
50
60
70
0
60
16
27
6
Chart Title
Series1 Series2
Northwest Region

Q4_3B_1 Total %
Yes, definitely describes 42 60%
Yes, describes to some extent 14 20%
No, does not describe 13 19%
Don't know 1 1%
Grand Total 70
Yes, definitely
describes Yes, describes to
some extent No, does not
describe Don't know
0
5
10
15
20
25
30
35
40
45
42
14 13
1
Chart Title
Total %
Interpretation: In accordance with the above table, it is interpreted that majority of the
respondents are clearly state that external assistance will help the company to meet the define
aim and objectives. Such that in the Southeast region, respondents state that yes it helps to
run a business. Like, out of 100%, 55% of them are highly agree, while 15% of them state
that they describe to up to some extent. On the other side, 25% out of 100% state that no, it
doesnot describe such. On contrary, it is stated that in Northeast region, 60% of total
respondents are highly satisfied that external assistance will help to run a business while 20%
of them state it describe up to some extent, while only 1% of them state that they don’t know.
Overall, it is stated that in both region, the views are same, that is why, it is reflected
that when the company start new business, It must an information from the external
assistance in order to run a business and take a decision as well.
Theme 2: External information that assist business
Southeast Region:

Q4_5B
Tota
l
Developing
and growing
the business 12
100
%
Grand Total 12
5
Chart Title
Q4_5H Total
Northwest Region
Q4_5B
Tota
l
Developing
and growing
the business 5
100
%
Grand Total 5

5
Chart Title
Q4_5B Total
Interpretation: In accordance with the above table and graph, it is interpreted that majority
of the respondents are clearly stated that developing and growing a business is consider one
of the best way that help to grow a business. Such that in Southeast region, 100% of them are
agree while in Northeast region, most of the employees are highly agree. Thus, it is stated
that external information will help the business to meet the define goal and objectives such
that through effective research question, developing and growing the business is consider the
best way that help the company to run in effective manner.
Theme 3: Issue which benefitted the company from external information
Southeast Region:
Q4_5H
Tota
l
Sales and
Marketing 7
100
%
Grand Total 7

5
Chart Title
Q4_5H Total
Northwest Region
Q4_5H
Tota
l
Sales and
Marketing 5
100
%
Grand Total 5
5
Chart Title
Q4_5H Total
Interpretation: Through the above table, it is interpreted that majority of the respondents are
state that sales and marketing is consider an issue which benefitted the company from
external information such that in Southeast region, majority of the people state the same
while in Northeast region, the respondents are also state the same. Thus, it can be interpreted
that if the company wants to grow the business, they it has to collect information through

external which in turn assist to increase sales and marketing. Therefore, through the above
table, it is analyzed that in both region, the answer is same and that is why, it can be essential
for the firm to make sure that it uses the best and effective way that helps to grow the
business and also manages the business as well.
Theme 4: Ways that help to grow the business.
Southeast Region:
Q5_2A Total %
73
Output/ sales
turnover
100
Grand Total 73
Output/ sales turnover
0
10
20
30
40
50
60
70
80
73
Total
Northwest Region
Q5_2A
Tota
l
%
Output/ sales
turnover 28
100
%

Grand Total 28
Output/ sales turnover
0
5
10
15
20
25
30
28
Total
Interpretation:Through the above table it is easily analyzed that in order to grow the
business, there is a need to make sure that the sales turnover of the firm is also
increasesTherefore, it can be stated that majority of the respondents are highly agree that the
in order to grow the business, there is a need to make sure sales in high and this in turn assist
to increase the define aim and objective. As from the table of Southeast region, it is analyzed
that 100% of the respondents are highly agree while, in the Northwest region majority of the
respondents are highly agree with the same. Therefore, it is stated that company main aim is
to increase the output and sales market of the business which in turn help to meet the define
aim. Such that when the company’s sales is increases, it will help to enhance the financial
performance of the company in better manner and this in turn assist to increase the brand
image of the firm as well.
Theme 5: Ways to grow the business
Southeast Region:
Q5_2C
Tota
l
%
Market Share 23
100
%
Grand Total 23

Q5_2C Total
0
5
10
15
20
25 23
Chart Title
Series1 Series2
Northwest Region
Q5_2C
Tota
l
Market Share 28
Grand Total 28
Total
0
5
10
15
20
25
30
28
Market Share
Interpretation: In accordance with the primary research, it is analyzed that majority of the
respondents state that company main aim is to increase the market share which directly help
to enhance the market share as well. Further, in the Southeast region, it is interpreted that
majority of them state that market share is the main aim of the company, while on the other
side, in Northwest region, majority of the respondents I.e. out of 100%, 100% of them are

highly agree that increase the market share will assist to meet the define aim. Thus, as per the
views from both the side, it can be stated that majority of the respondents are highly agree
that the company’s main aim is to increase the market share and that is why, it is necessary
for the firm to make sure that it in order to increase market share there is a need to develop
best and effective strategy which assist to raise the brand image as well.
Theme 6: Ways that help to improve the business
Southeast Region:
Q5_2G
Tota
l
%
Diversify /
new products /
range /
services
1
100
%
Grand Total 1
1
Chart Title
1 2
Northwest Region
Q5_2G
Tota
l
%
Diversify /
new products /
range /
services
2
100
%

Grand Total 2
2
Diversify / new products / range / services
Total
Interpretation: In accordance with the above table, it is interpreted that most of the
employees are highly agree that the company main aim is to increase the market share and
along with this, it is quite necessary for the company to diversity its market by introducing
new product within its business area, so that it will attract the range of new customers.
Through the image and table, it is interpreted that in Southeast region, 100% respondents are
stated that diversifying the service andadding new product to the customers in consider the
best way to grow the business. On the other side, as per the Northwest region, it can be
interpreted that 100% of the respondents are highly agree that providing range of product and
services to the customers in consider one of the best way that help to meet the business aim
and objectives and this in turn assist to meet the demand of the company as well.
Overall it is examine that by offering new product and services to the customers, it
will be easy for the company to meet the range of customers and this in turn help to enhance
the financial position of the company as well. Therefore, this can be stated that majority of
the company should use this strategy in order to meet the define aim with the define deadline
and grow the business to further level of success as well
Theme 7: Majority of the respondents state that there is no need to obtain the external
assistance to obtain strategic advice for grow the business
Northwest region

Row
Labels
Sum of
Q4_2
Yes 8.54%
No 91.46%
Grand
Total 100.00%
8.54%
91.46%
Sum of Q4_2
Yes No
Southeast region
Row
Labels
Sum of
Q4_2
Yes 5.95%
No 89.68%
Don`t know 1.19%
N/A 3.17%
Grand
Total 100.00%

5.95%
89.68%
1.19% 3.17%
Sum of Q4_2
Yes No Don`t know N/A
Interpretation: with the interpretation and analysis of the above data and facts and figures it
is clear that the companies not need to take any assistance from the external parties for the
strategic development of the business. This is majorly because of the reason that the
companies must take initiatives by themselves in order to manage the working and strategic
development of the business. This is agreed by 94.6 %in northwest region that there is not
any need of taking the external assistance in order to develop the company strategically. On
the other side in the southwest region also the majority of the people that is 89.68 % states
that the companies need to take any of the strategic help from the external parties. The major
reason behind this is that the external parties not know about the practices of company and
they cannot take decision in the development of the business.
Theme 8: Majority of the respondent’s state that business does not benefitted from the
external information
Northwest region
Row
Labels
Sum of
Q4_4
Yes 8.88%
No 80.47%
Don`t know 10.65%
Grand
Total 100.00%

Yes No Don`t know
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
8.88%
80.47%
10.65%
Sum of Q4_4
Southeast region
Row
Labels
Sum of
Q4_4
Yes 11.84%
No 75.10%
Don`t know 9.80%
N/A 3.27%
Grand
Total 100.00%
Yes No Don`t know N/A
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
11.84%
75.10%
9.80%
3.27%
Sum of Q4_4
Interpretation: from the analysis and evaluation of the above data and facts and figures it is
clear that the majority of the participant states that the businesses are not benefitted by the
information being provided by the external parties. This is agreed by the 80.47 % in the

northwest region that the companies are not benefitted by the company. On the other side in
case of the southeast region the companies also agree to the fact that the external parties
information does not support the company in growth and development. This is agreed by
75.10 % that the companies are not benefitted by the companies. This is majorly because of
the reason that when the external parties provide information to the company then this is not
useful for the company as this information can also be fake and not useful for the company.
Theme 9: Main objective of the business over next three year.
Southeast Region:
Q5_4 Total
Growth
144
Survival
51
Plan for business closure
4
Plan to sell the business
7
Maintain the way we are / stabilise
2
Maintain / make a profit / earn a living
1
Maintain customers / client base / residents
2
Create employment / recruit more staff
1
Develop sales / build a client base
1
Develop / train staff
1
Not applicable
1
Other
5
Not asked in PILOT
2
Grand Total 222

144
51
4
7
2
1
2
1 11 1 5
2
Total
Growth
Survival
Plan for business closure
Plan to sell the business
Maintain the way we are /
stabilise
Maintain / make a profit / earn a
living
Maintain customers / client base /
residents
Create employment / recruit more
staff
Develop sales / build a client base
Develop / train staff
Not applicable
Other
Not asked in PILOT
Northwest Region
Q5_4 Total
Growth
101
Survival
27
Plan to sell the business
3
Maintain / provide a quality / good / better service
1
Maintain the way we are / stabilise
1
Maintain / make a profit / earn a living
1
Reduce overdraft / bank borrowing
1
Other
7
None 1

Don't know
1
Refused
1
Not asked in PILOT
4
Grand Total 149
101
27
3
1
1 1 1 71 1 1
4
Total
Growth
Survival
Plan to sell the business
Maintain / provide a quality /
good / better service
Maintain the way we are /
stabilise
Maintain / make a profit / earn a
living
Reduce overdraft / bank
borrowing
Other
None
Don't know
Refused
Not asked in PILOT
Interpretation: with the analysis of the above data and information it is majorly clear that the
objective of the business is majorly for the reason of growth. This is agreed by the 144
participant in the case of the southeast region that the major objective of the growth of the
company. This is majorly because of the reason that when the business is set up then the main
aim of the company is growth. On the other side in case of northwest country is that the
majority of the participant states that 101 participant states that the growth is the major

objective because of which the company exist. This is majorly because of the reason that
when the company exists in the market which is very dynamic and ever changing and this is
very essential for the company to work in highly competitive market. Thus, this will help the
company in managing the growth and management of the company in the direction of
development. The objective of business that is growth is majorly focused by the business in
both southeast and northwest region as this assist the company in managing the business in
the direction of development and this will assist the company in increasing the profits of the
company. Also, the growth is ensured by the company as the competition within the market is
very high and to face it, it is necessary for the companies to majorly focus over growth and
development. Hence, both the regions that is southeast and northwest majorly emphasizes
over growth as the objective of business as it help the business in managing the development
of the business to a great extent.
Theme 10: Department of Business innovation and skill want to carry research in future
Southeast Region:
Q6_10 Total
Yes 176
No 46
Grand Total 222
Q6_10 Total
0
20
40
60
80
100
120
140
160
180
1
176
2
46
Series1
Series2
Northwest Region
Q6_10
Tota
l

Yes 120
No 29
Grand Total 149
Q6_10
Total
0 20 40 60 80 100 120
1
120
Series2
Series1
Interpretation: from the interpretation and analysis of the above data and information and
facts and figures it is clear that the department of business innovation and skill wants to
conduct the research in future as well. In case of the southeast region which is agreed by the
176 respondent that the BIS must conduct the future research. Also, in case of the northwest
region the maximum participant that is the 120 of them states that the BIS need to do future
research. This is majorly because of the reason that the companies exist in the environment
which is very dynamic and ever changing and it is very essential for the BIS to research for
all these things in order to get the latest things and learn the latest skill and attributes for
running of the business.
CONCLUSION
From the above all discussion and analysis it is concluded that the Business Innovation and
Skill analysis is very essential for the success of the company. This is majorly because of the
reason that the company need to develop in accordance with the latest things and trends going
in the market. Thus, for this the department of Business Innovation and Skill is very essential.
This is majorly because of the reason that this assists the company in managing the latest
trend and its application within the business to a great extent. Thus, this report presented the
different analysis of different set of data and all these are then presented with help of tables
and charts and this made the analysis more easy, understandable and presentable.