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Planning for growth Contents INTRODUCTION

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Added on  2020-10-04

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4 TASK 26 P3 Sources of funding for small businesses6 TASK 48 P4 Design a business plan for growth of a company 8 TASK 511 P5 Succession or the exit planning of a business11 CONCLUSION 12 REFERENCES 13 INTRODUCTION Planning for growth plays an important role in increase productivity and profitability of a small business firm. This company is small business entities, so this report will help in suggesting marketing strategy to whether to expand the business or sell new products in the

Planning for growth Contents INTRODUCTION

   Added on 2020-10-04

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Planning for growth
Planning for growth Contents INTRODUCTION_1
ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Evaluating growth opportunities for organisation..................................................................1P2. Evaluate the opportunities for growth applying Ansoff’s growth vector matrix..................4TASK 2............................................................................................................................................6P3 Sources of funding for small businesses................................................................................6TASK 4............................................................................................................................................8P4 Design a business plan for growth of a company...................................................................8TASK 5..........................................................................................................................................11P5 Succession or the exit planning of a business......................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
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Planning for growth Contents INTRODUCTION_3
INTRODUCTIONPlanning for growth plays an important role in increase productivity and profitabilityof a small business firm. Proper planning leads to effectiveness in the growth of a company.Here, top management requires to conduct a brief study on growth planning for thebeneficial of small business firms (Arku, Yeboah and Nyantakyi-Frimpong, 2016). Thisreport is carried on Rock Builder Ltd which manufactures rock based titles and other relatedproducts which sells to their customers etc. “Replacement roofs of listed building“is agovernment contract in which company has made a bid of “£70000”. This report puts lighton growth strategies of a company using growth model, sources of financial fundingcompany uses for generating money for carrying out business and succession options of anentity. This company is small business entities, so this report will help in suggestingmarketing strategy to whether to expand the business or sell new products in the existing tomaintain profitability. TASK 1 P1 Evaluating growth opportunities for organisationEvery company needs to grow for surviving in competitive environment andachieving goals and objectives by utilizing their full potential. Stone Builders deals inproviding variety of tiles to its target customers. They can use different technologies to haveadvantages from opportunities available in the marketplace. Company can use digitaltechnology for their growth like they can use social media, artificial intelligence, internet ofthings etc. Competitive Advantage: It refers to the ability of business to produce goods and services ina different way than its competitors. Which helps company to earn more profit than otherrival businesses (Andersson, and Moroni, 2014). Company can provide quality of goods andservices to its target and potential consumers for retaining them and attracting newcustomers. For this organisations use many technologies for reducing product cost,increasing product quality, which can differentiate them from others. Company can analysegrowth opportunities available in market through Porter's generic model.Porter's generic competitive strategies
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