Business Opportunities and Growth Strategies

BUSINESS OPORTUNITY
REPORT

Executive summary
Business's opportunities helps in gaining competitive advantages and increasing in
market share and profit margin of company. Various opportunities are available in market that
firm can used to expand and grow its business's across nation. This report has analysed and
evaluated that the way innovation and new ideas are crucial in the growth and success of firm. It
also explains about recent trends in environment that firm can used to gain competitive
positioning.

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
Mega trends:.................................................................................................................................3
The importance of managing business Opportunities..................................................................3
Entrepreneurship practice and context.........................................................................................3
The innovation: type and sources................................................................................................3
STP...............................................................................................................................................4
PESTEL.......................................................................................................................................5
Various opportunities from emerging trends ..............................................................................7
CONCLUSION..............................................................................................................................10
REFERENCES................................................................................................................................1

INTRODUCTION
Business opportunities is a term that promote individual to start and run a business by
making use of available opportunities for earning profit. Due to various health issues continuous
increase in demand of hygiene food and product in UK. Therefore, it provides opportunities to
many individual to open their on own business or self-employed themselves by introducing
organic food and hygiene products. This report covers about OLIO company that was established
in 2015 by Tessa Clarke and Saasha celestial -One for management of waste. It also explained
the way company expand its business by making use of available opportunities.
Mega trends:
It refers to various trends in environment that firm can uses in order to gain competitive
advantages in the market. OLIO company by identify recent trends is able to expand business's
and increases it profitability and sales volume.
The importance of managing business Opportunities
Business's opportunities plays important role in growth and expansion of business's
across nation so that are to be managed effectively so that OLIO company can gain competitive
advantages and increases its market share.
Entrepreneurship practice and context
Entrepreneurship practices refer to various activities related to manufacturing of products
and services in order to earn large profit margin by satisfy needs of customers in an effective
manner. They take risk and opportunities to take advantages of market in order to increases their
productivity and performance.
The innovation: type and sources
Innovation is classified into two dimensions market and technology that helps in brining
four innovation within firm to gain competitive positioning.
Increment innovation: In it existing technology is used to enhance value of products and
services.
Disruptive Innovation: New technology is used for current market.
Architectural Innovation: Using overall technology to take advantages in different market
conditions.
Radical Innovation: In it new and innovative technology is used to bring revolution in whole
industry.