Business Strategies of Small or Medium Enterprises - Desklib

RUNNING HEAD: BUSINESS STRATEGIES OF SMALL OR MEDIUM ENTERPRISES 0
Spring
Innovation and risk management
Small and medium enterprises

BUSINESS STRATEGIES OF SAMLL OR MEDIUM ENTERPRISES 1
Executive summary
SMEs are considered the most opportunities fetching enterprises in comparison to the
established businesses. They are said to be responsible for driving innovation as well. In
order to fulfil the innovative and competitive challenges SMEs have to go through many
challenges such as challenges regarding adoption of a growth opportunity, identifying them,
and implementing appropriate technique to achieve the desired goals. In the same way, SMEs
have to identify the risk and measures to mitigate the risk. To overcome the fundraising
issues they must have to identify the appropriate resources as well. The SMEs also have to
find out the appropriate way of succession or exit the market by using strategic planning.

BUSINESS STRATEGIES OF SAMLL OR MEDIUM ENTERPRISES 2
Table of Contents
Introduction...........................................................................................................................................4
Considerations of growth opportunities for “Spring”............................................................................5
Competitive advantage.........................................................................................................5
New products and services...................................................................................................6
Product life cycle..................................................................................................................6
Growth options.....................................................................................................................7
Collaboration........................................................................................................................7
Growth analytical framework to demonstrate the competitive advantage of understanding within an
organization...........................................................................................................................................8
Evaluation of growth pathways taking risk into account and measures to mitigate the risk.................8
Sources available for funding to the businesses and their merits and demerits...................................9
A potential source of funding and its justification for an appropriate source of funding....................10
A potential source of funding evaluation and its justification for the adoption of a particular source in
the context of organizational needs....................................................................................................10
Mission and vision of the company.....................................................................................................10
Business plan securing the interest of the investors...........................................................................11
Exit or succession option for SMEs and their merits and demerits......................................................11
Comparison of the options.................................................................................................12
Implementation of the option.............................................................................................................12
Conclusion...........................................................................................................................................13
References...........................................................................................................................................14

BUSINESS STRATEGIES OF SAMLL OR MEDIUM ENTERPRISES 3
Introduction
Among many professional leaders in the online recruitment industry, Spring is also one of the
leading professional recruiters. It is an expert recruiter in the field of telecommunication and
IT. It operates in over 60 countries and is a part of the leading HR provider in the world, the
Adecco Group. It has an experience of over 30 years in the recruitment sector and it places
thousands of professionals every year into roles of rewarding in the telecommunication and
IT fields and challenging. The company mainly focuses on the recruitment of professionals
and middle to senior level managers having specialization in their fields. The professionals
are also recruited by Spring for employment consultations. The effective and expert
recruitments give a positive benefit to its clients and this is what Spring gets respect for
(Spring, 2018).