Giacom: Ansoff Matrix, Funding, Exit and Succession in SMEs

UNIT-42 Question
TABLE OF CONTENT

INTRODUCTION 3
Ansoff Matrix for growth of business 4
Defining funding and factors that provide in small medium enterprise 5
Explaining exit, succession and their benefits and drawbacks in business of small medium 6
Determining several terms and procedure 7
CONCLUSION 9
REFERENCES 10

INTRODUCTION
The report is based on Giacom company which is located in the UK and provides various
facilities driven by them towards leading as an IT company. Their main purpose is to satisfy
customers and give them productive services to increase their growth as an SME organization. In
these defining opportunities of growth to expand their business and Ansoff matrix analysis in it.
Funding, succession and exit of small medium enterprise, also determining business plan,
summary about firm and several ways in order to evaluate contents of above questions regarding
organisation. Through discussing these helps in expansion of business to grow their company.
Expansion opportunities
For expanding business opportunities in Giacom they should do several things such as for

consumers they may build their organization in a good place where customers can easily travel
and reach their organization. Without facing any difficulties in their area and helps in expansion
of their business. When it comes to a new field is important to make a group of people effective
in order to expand their business (Jayawickreme and et.al, 2021). Then vendors by connecting
from them helps in suggesting new ideas, creates innovative skills in order to continue their
services in new areas as the company is IT based who provides softwares and other services to
their customers. Lastly, acquiring contracts by engaging with more and more people helps in
determining what to do and what not in business that may create problems for their organization.
Advantages:
There are benefits of it in accordance to expansion opportunities for business which help in
determining their growth in case. That are explained below ;
• Rise resources and assets- It helps in growing companies by their sources and stock that
increase their productivity of Giacom, from several ways by increasing their capability of
business (Stock, 2021).In happening this leads to build good infrastructure for their
expanded stock from which consumers attract towards their services.
• Provide more sales and profits for firm- By growing their business increases their
productivity and is able to gain more profits for firm in order to enhance their goods. That
raises their sales of products as they give them various new technologies as leading IT
companies towards expanding business.
• Develop new consumers- They create more customers towards their services by
developing their sectors in various areas that attract people in the company. By attaining
new clients helps in enhancing organization in different fields of criteria.
Disadvantages:
In growth of business some consequences are also there, that affect company in several ways
through changes as implicated in drastic ways. Such as defined below;
• Arise of scarcity in cost- By purchasing new tools and resources for enhancement of firm
may need more money for buying it (Wu and et.al, 2021.). In order to do so, collection
costs from different sources develop risk due to which shortage of money arises in their
business.
• Decrease customer- In order to expansion of company, quality of services is neglected
due to which declines their consumer and may create loss for organization because they
only focus on rising production from which quality is not evaluated in business.
• Fall of control- As a company expands, they have to perform different roles and
responsibilities , due to providing services in several areas. By which loss of control
arises in their workplace and they are not able to manage each thing.