Investing in the Future/ Developing and Exit Plan - Desklib

This report analyses key considerations which small enterprise must consider at the time of evaluating growth opportunities. It also assesses certain methods to access funding and uses of different funding kinds. Further, business plan is developed and options of exit or succession are explained with benefits and limitations.

Investing in the future/
Developing and Exit Plan

Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Analysing key considerations to evaluate growth opportunities along with justification of
the considerations in context to the company..............................................................................1
P2. Evaluation of opportunities of growth through applying Ansoff’s growth vector matrix.....8
M1: Discussion of the options for growth.................................................................................10
D1: Critical evaluation of the specific options and pathways for growth..................................11
TASK 2..........................................................................................................................................11
P3. Assessing potential sources of funding that are available for business along with
discussion of benefits and drawbacks of each...........................................................................11
M2: Evaluation of potential sources of funds............................................................................13
D2: Critical evaluation of the potential sources of funds..........................................................13
TASK 3..........................................................................................................................................13
P4. Designing a business plan for growth which comprises financial information along with
strategic objectives to scale up business....................................................................................13
M3: Development of appropriate and detailed Business Plan...................................................16
D3: Presentation of a coherent and in-depth Business Plan......................................................16
TASK 4..........................................................................................................................................16
P5. Assessing exit and succession options for small business explaining advantages and
disadvantages of each option.....................................................................................................16
M4: Evaluation of exit or succession options............................................................................17
D4: Critical evaluation of the exit or succession options..........................................................17
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19

INTRODUCTION
Planning for growth is essential for business ventures to make strategic decisions to allocate
resources, keeping priorities straight as well as meeting certain key objectives. Business growth
planning is an effective way for achieving success and growth. It is a strategic practice which
enable owners of business to plan addition to track organic growth in revenue (Lines and et.al.,
2015). It assists enterprise to identify markets which are growing and makes it easier for building
sales volume and high profit margins. For gaining insights about planning for growth, selected
business is New London Café which is small restaurant that provides premium organic coffee
with memorable café experience. It is unique along with retro feel that takes customers back to
golden era when they sip coffee in nostalgic control. It was initially opened as organic house of
coffee which have now evolved into cosy neighbourhood café which serve generous portions at
prices which are affordable in nature.
The report analyses key considerations which small enterprise must consider at the time of
evaluating growth opportunities. It also assesses certain methods to access funding and uses of
different funding kinds. Further, business plan is developed and options of exit or succession are
explained with benefits and limitations.
TASK 1
P1. Analysing key considerations to evaluate growth opportunities along with justification of the
considerations in context to the company
New London Café is a small business in hospitality sector of UK. It is down to earth
neighbourhood café that offers comfort food at reasonable prices. It is a warm cosy venue in
heart of Highbury.
SME refers to a business which maintains revenue, assets as well as number of employees
below certain threshold. New London Café is a SME whose personnel numbers fall belwo
certain limits.
Planning and growth are defined to business chance for making sense of chaos which
accompanies expansion. For New London Café, planning and growth are said to strategic
business activity enables owners to plan as well as track organic growth in terms of revenue.
Competitive advantage is said to a factor which permits an organisation to produce goods
and services better along with cheaper than rivals. In New London Café, competitive advantage
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assists in generating more sales addition to superior margins as compared to market rivals. It is
an attribute which permits business concerns for outperform its rivals.
In context to New London Café, framwork used for analysing resources and capabilities is
VRIO Analysis. Some of resources of the coompany are as follows:
 Threshold resources: It refers to esources of company for participate in industry as
well as compete in the market. For New London Café, threshold resources are
research and development, infrastructure of administrations, etc.
 Unique resources: Organisational resources which create competitive edge as well as
cannot ne imitate or obtain by others are unique resources. In aspect to New London
Café, unique resources are distribution network, financia resources and many more.
 Core resources: Resources of company that permits attainment of profitability are core
resources. For New London Café, core resources are human resources.
With the context of New London Café, VRIO analysis is used to evaluate all of its
internal resources and capabilities individually to check its advantages in comparison with
competitors and measures have been made for improvement. Evaluation of VRIO analysis of
New London Café is as below:
Resources
and
Capabilities
Valuable Rare Imitable Organised Competitive
Advantages
Research and
Development
✔ - - - Partly
competitive
Distribution
Network
✔ ✔ ✔ ✔ Sustainable
Competitive
Financial
Resources
✔ ✔ ✔ ✔ Sustainable
competitive
Human
Resources
✔ ✔ - - competitive
Legal
Resources
✔ ✔ ✔ Sustainable
competitive
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Valuable:
 New London Café financial resources are greatly valuable as it helps in providing
investment opportunities in external factor when arises. This resources also helps in
declining macro threats.
 Human resources of New London Café are valuable resources as employees there are
highly trained which impacts in high production activities starting with more production
of goods to distribution of goods in market.
 Its patents are a valuable resources for company as it provides sales opportunities without
any competitive interference by allowing licensing its patents to other producers or
manufactures.
 Distribution network of New London Café is valuable it makes potential approach to
reach more to its targeted audience. It also makes sure that company generates high
revenue by conducting promotional activities it increase its sales and gain more
customers.
` Rare:
 New London Café's financial resources is concluded as rare as company has a well build
financial resources which are available with few companies of this industry.
 Human resource of New London Café is rare as company has well trained and high
skilled employees working with it. This type of employees are rarely been seen with
other firms.
 Patents of New London Café are rare sources as these type of patents are hardly available
and possessed with other competitive firms.
 Distribution network is also a rare resource as context of New London Café as its
competitors needs a huge cost to build a distribution networks as like of New London
Café.
Imitable:
 New London Café’s financial resource very expensive to imitate as the company has
obtained it from prolonged profit of years. To accumulate this type of profits its
competitors would have to acquire similar amount of profit for years.
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 Distribution network of this company is also costly to imitate by its competitors as has
been build over the struggle and operational activities for years that like as New London
Café. Its competitors would require high cost with a long period to time to build a
distribution network same as New London Café.
Organised:
 New London Café’s financial resources are well organised to regenerate revenue for
company. Strategies were made to use this resources for investing at right place and right
time according to opportunities that arise.
 Distribution network of this company is so well organised to attract new consumers by
organising promotional activities time to time for profitability. This network helps the
company in reaching out to its customer with information of availabilty of its new and
existing good in the market.
In aspect to New London Café, strength of VRIO analysis is that it is effective mechanisms
for evaluating organisation resources for fuure growth.
The framework provide opportunity to the business for gaining valuable insights to
become competitive in dynamic business situations.
New London Café is a small coffee business which is willing to expand at Latvia. Key
considerations for opportunities of growth for New London Café are as analysed:
Porter’s generic framework: Porters generic strategy provides competitive strategy to a
firm to sustain its long term profit and provides a competitive edge over its competitors. This
strategy helps companies to evaluate their suitable niche which has potential to provide long and
sustainable profits to the company. In case of New London Café, application of Porters generic
strategy can grow its potential customers and also expand its market base.
Porter bifurcated its strategy in sub-heads discussed below-
Cost leadership: Cost leadership strategy of a company can help it to aggravate its sales
revenues by providing competitive edge to it over its competitors. New London Café can use it
to expand its market base from premium customers to a medium range of consumers doubling
the present sales.
Differentiation: Differentiation strategy is adopted by companies to distinguish their
brand name from others in the market. This advantage can be availed through innovations,
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promotional strategies, differential services or brand goodwill. New London Café can use this
tool to differentiate its stand from the competing brand in the market.
Focus: Focus strategy is used by companies to its customers by focusing on certain
segment while overlooking the other factors. It helps company to expand their base by focusing
on particular section. New London Café can use this strategy in following two ways:
 Cost focus: Cost focus strategy could help New London Café company to produce
certain products keeping price range in mind for a section of people that could
increase the sales for the company.
 Differentiation focus: In this the strategy is so formulated certain range of exclusive
quality of products are so produced to serve the interest of premium customers.
From the assessed consideration, it is determined that differentiation strategy is effective
for New London Café. With this strategy, the small business is able to lower price commission in
the industry. Moreover, it will assist in achieving tremendous success as competitors cannot
deliver same quality of coffee and experience (Csrow, 2015). Strength of Porter’s Generic model
in growth within New London Café’ is that it provides insights about how the small business
pursue competitive advantge across selected market scope. At same time, opportunities of the
model in growth in the selected company includes assistance for identification where power lies
in situation of a company and understanding strength of existing position along with looking to
move into.
PESTLE Analysis: With this key consideration, managers of New London Café scan
external business environment and target market where they are willing for expansion.
Moreover, the consideration assists in analysing what factor is opportunity for the venture and
what is threat so that further planning could be performed better. For New London Café, factors
of PESTLE Analysis are as follows:
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(Source: PESTLE Analysis, 2021)
Political: In Latvia, political system is quite stable that is an opportunity for a business to
initiate its operations. The government of the country provides subsidies to various new business
for opening its business which is an opportunity for New London Café. It is because the small
business could open its premise without huge investment and can make profits by enjoying
government grants.
Economic: Economy of Latvia is small with free market. In Latvia, factors of production
are easily available. The country is free to international trade as well as investment (Lambert and
Oatley, 2017). It is an opportunity for New London Café to employ people at lowest rates. With
this, the company will be able to hire manpower at lowest rates and could complete practices for
satisfying customers resulting to improving sales volume.
Social: The population of Latvia is huge and have preferences to sip variants of coffee.
However, the taste and preferences of population of Latvia is different from that of population of
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Figure 1: PESTLE Analysis, 2021

London. It can be a threat for New London Café as the company needs to modify its taste secrets
which can impact on its brand image in the nation.
Technology: Technological infrastructure of Latvia is highly developed, however, the
country fails in integrating digital technology. It is threat for New London Café as it lacks use of
technology such as chatbots, artificial intelligence and hence forth. Moreover, the company
needs to make huge investment for arranging required technological equipment to carry out its
practices.
Legal: In Latvia, efficient legislations are enforced by government for businesses. For New
London Café, it is an opportunity to understand legal infrastructure including corporate tax,
minimum wages act, data protection act, equality act and many more so to carry out all the
practices ethically.
Environment: Latvia has huge environment pollution concerns about air and water. The
government of the country has established ample number of initiatives so to preserve natural
environment. It is an opportunity for New London Café to start its practices and contribute in
initiatives of government to save the environment from pollution and conserving water. With
this, the small business can gain recognition from the government and can establish the business
successfully in Latvia.
Strength of PESTLE Model in growth in New London Café’ inlcudes bringing
information about the possible impact of the six external factors on the organization. Another
strength is making it easier for New London Café’ to prepare for any sort of problems caused by
these factors. s
Opportunities of PESTLE Model in growth in New London Café’ are facilitates an
understanding of the wider business environment, encourages the development of external and
strategic thinking and enable to anticipate future business threats and take action to avoid or
minimise their impact.
Other framework:
 Mergers: It is voluntary fusion of two companies on broadly equal terms into one new
legal entity. In context to New London Café’, strength of mergers includes reducing cost
of operations, preventing closure in case of unprofitable situation and avoiding
replication. Opportunities of mergers New London Café’is expanding in another country
by getting merged with established organisattion to enjoy success.
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 Franchising: It refers to a method of distributing products or services involving a
franchisor, who establishes the brand's trademark or trade name and a business system,
and a franchisee, who pays a royalty and often an initial fee for the right to do business
under the franchisor's name and system. For New London Café, strength of franschising
in growth is lower failure rate and working iwthin in-buit customer base. Opportunities of
franchising in growth to New London Café are adapting new buyer base, support from
larger business network and working as own boss.
From the above information, it is concluded that growth opportunity is said to a chance to
grow the business significantly. These are key for overall success as well as satisfaction. Some of
framework to analyse and evaluate strengths and opportunities of growth to small business are
VRIO Frameowk, Porter’s Generic Framework and PESTLE analysis. Other frameworks in
competitive advaantge are mergers and franchising.
P2. Evaluation of opportunities of growth through applying Ansoff’s growth vector matrix
Ansoff Matrix refers to a model which can be used by the organizations for the purpose of
ensuring that they are able to properly and appropriately identify the options which they can
consider for the attainment of growth (Bunicontro and Marcomini, 2021). This will help the
Businesses to be able to ensure that they can effectively and efficiently attain the necessary goals
and objectives in a proper and appropriate manner which will therefore help them a lot. The
options which are available for growth for New London Cafe are as follows-
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Figure 2: Ansoff Matrix. 2021
(Source: Ansoff Matrix. 2021)
 Market penetration- It is the strategy which can be used by the organisations so that
they are able to identify the way in which they can enter into a particular market. New
London Cafe is required to make sure that it is able to properly and appropriately make
its use so that it can enter into a market and can enhance the profitability level effectively
and efficiently. Advantages of market penetration to New London Cafe are quick
diffusion and adoption of your product in the marketplace, incentives to be efficient,
discouragement of competition, and creation of goodwil. However, disdavnatges of the
strategy to the company are lower prosfit margins, possible harm to your company's
image, and the risk of a pricing war.
 Product development- It is the strategy which should be used by the organisations so
that they can develop a new product which can be launched in the market (Chen and
et.al., 2021). In the context of New London Cafe it can be stated that through making its
use it can attain its goals and objectives effectively and efficiently. For New London
Cafe, advantages of product development are producing the goods and services of best
quality as well as providing maximum possible satisfaction to customers. However,
disadvantges of the strategy to the small sbusiness are riskiness, extra cost and intense
competition.
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 Market development- It is the strategy which can be used for the purpose of bringing a
product into an existing market (Davis, 2020). For New London Cafe, it is essential and
important it will be able to properly and appropriately identify the way in which it can
enhance the overall level of profits quite effectively and efficiently in this way which will
help it a lot. For New London Cafe, advantages of market development are expanding
customerbase, increasing revenue and gaining decisive edge. At same time, disadvantage
of market development to New London Cafe are require capital investment, arranging
huge resources and huge risks.
 Diversification- It is the strategy which can be used by the organisations for the
particular purpose of ensuring that the new products can be launched in a new market
(Ghosh, Kaliyath and Roy, 2020). It can be used by New London Cafe for the purpose of
ensuring that it can enhance the overall profitability level effectively and efficiently in a
proper and appropriate manner. This will therefore help the organisation a lot in making
progress in the future. Advantages of diversification to New London Cafe are reduction
of volatility, minimising risk of loss of overall portfolio and exposing to more return
opportunities. Disadvantges of diversification to New London Cafe are reduces quality,
bad investment vehicle, too complicated, lack of attention to portfolio and huge risk
involvement.
Justification- The use of Product development strategy can be made by New London
Cafe so that it is able to make sure that it can launch the new products in the market which will
therefore help it a lot in managing the needs and requirements. It will be able to make sure that it
can properly and appropriately enhance the overall level of profitability in this way which will
thus help it a lot in ensuring that the management of a wide range of different types of needs and
requirements can be done highly effectively and efficiently in a proper and appropriate manner.
In this way, the attainment of sustainable level of success can be done highly effectively and
efficiently.
M1: Discussion of the options for growth
There are various types of options which can be considered by the organisations for the
purpose of ensuring that the attainment of growth can be done quite effectively and efficiently.
This will be useful in ensuring that the management of the needs and requirements can be done
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in detail. New London Cafe therefore has to make sure that it is able to consider these particular
options so that the enhancement in the overall efficiency and effectiveness can be done.
D1: Critical evaluation of the specific options and pathways for growth
It is quite crucial that the critical evaluation can be done in a right way. Therefore, it can
be stated that the consideration of these specific options and pathways for growth can be done so
that the attainment of the goals and objectives can be done. New London Cafe therefore is
required to make sure that it is able to take the different types of strategic and tactical decisions
which will help it a lot in ensuring that the management of the needs and requirements can be
done in a proper and appropriate manner.
TASK 2
P3. Assessing potential sources of funding that are available for business along with discussion
of benefits and drawbacks of each
Funding as a term means the general act of providing resources mainly in form of money
to fulfil the specific needs of a company (Kumar, 2016). The funding process is helpful for a
company to inject funds for varied uses as well as expansion of business. It allows organisations
to get off the ground and move in right direction which offers potential returns to company. In
case of New London Café, funding process can help it to grow and increase its sustainability in
the market. Following are the sources of funding available to New London Café:
Bank Loan: Loan is a form of debt that incurs on the owner of a company and in case of
bank loan the lender of the loan is a financial institution. Bank loan offers a variety of loan for
different uses. For New London Café, finance managers can avail bank loan to cover the upfront
cost of its expansion. However, it offers both advantages and disadvantages to a company
leveraging loan facility of a bank or financial institution. These are:
Advantages of Bank Loan Disadvantages of Bank Loan
 Full ownership of the company remains
with the owner.
 With this source, New London Café
can convenient expand business.
 It also offers flexibility to the company
in terms of spending.
 For New London Café, length
application process of the source might
delay the funds availability.
 Cannot be used for operational uses
(Pinnegar, Randolph and Troy, 2020).
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 Collateral requirement locks some
assets of a company.
Family and friends: Borrowing from family and friends helps one to get funds without
collateral and also sometimes interest free. For New London Café, it gives advantage of
flexibility to use funds, where needed and not for specific purposes only. Thus differentiating
and easing the process of getting funds as compared to traditional means of funding. However,
both views on this borrowing type are:
Advantages of Friends and family Disadvantages of Friends and family
 Low or interest free loan.
 It is easy and flexible source for New
London Café.
 Offer flexibility in repayment or longer
repayment periods.
 It may result in strained relationship
scenario in the family.
 There may be change in control
structure of a company.
 The source provides limited legal
protection to New London Café.
Crowd Financing: It is crowdsourcing or alternative use of finance used by start-ups in recent
times. For New London Café, this source can be useful to generate large amount of funds in
short period of time and also assessing its marketing strategies. This type of financing can help
ABCDEF to leverage its capability to attract more customers towards its brand name (Davis,
2020). However, there are also some drawbacks attached to this type of funding, which are
discussed below:
Advantages of crowd financing Disadvantages of crowd financing
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 For New London Café, it is fast way to
generate huge amounts.
 Also offers a vital tool of marketing.
 Potential to attract more funds than
needed.
 It has high preliminary expenses.
 Cannot act as one stop for all projects.
 Failed projects risks the reputation of a
business.
M2: Evaluation of potential sources of funds
There are various types of potential sources of funds which are available with an
organisation. Therefore, it is quite important and crucial that the right strategic and tactical
decisions can be taken by the organisations which will help them a lot. In this way, the
attainment of the goals and objectives can be done in a right and appropriate manner. For an
organisation like New London Cafe it is crucial that it is able to evaluate these sources so that the
major strategic and tactical decisions can be taken which will be useful in ensuring that the
management of the needs and requirements can be done.
D2: Critical evaluation of the potential sources of funds
There are different types of potential sources of funds which should be considered by the
organisations for the particular purpose of taking of important decisions. New London Cafe is
therefore required to make sure that it is able to find out the right way in which it can evaluate
these sources so that the management of the needs and requirements can be done highly
effectively and efficiently.
TASK 3
P4. Designing a business plan for growth which comprises financial information along with
strategic objectives to scale up business
A Business Plan refers to a document which can be used by the organizations for the
particular purpose of ensuring that they are able to taking of important strategic and tactical
decisions effectively and efficiently which will therefore help them a lot in managing the needs
and requirements in a proper and appropriate manner (Holdsworth, 2020). New London Cafe
therefore has to make sure that it is able to make its use so that it can attain its goals and
objectives in the future which will therefore help it a lot strategically and tactically.
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Scenario- New London Cafe is considering making the use of Innovation to be able to
make sure that it can bring the necessary changes and therefore ensure their implementation quite
effectively and efficiently in a proper and appropriate manner. Therefore, New London Cafe will
make the use of a Business Plan to be able to attain the goals and objectives quite effectively and
efficiently which will help it a lot in the future.
Business Plan
Particulars Details
Vision New London Cafe will make sure that it grows in the future by
ensuring that it is able to identify the proper and appropriate way in
which it has to take the strategic and tactical decisions. The Vision of
New London Cafe will be to ensure that expansion can be made in new
locations in the future.
Mission New London Cafe needs to make sure that it is able to satisfy the
customers in a proper and appropriate manner by ensuring that they can
be satisfied by getting the right value for the products effectively and
efficiently.
Objectives  To make sure that the introduction of innovative services can be
made within the market.
 To ensure that the identification of the way in which the goals
and objectives can be attained can be done which will be helpful
and useful in the management of the needs and requirements
effectively and efficiently in a proper and appropriate manner.
 To make sure that the changes which are being made can be
implemented quickly so that the customers can be provided with
something new which will therefore help them a lot.
 To ensure that the managers of the organisation are able to find
out the way in which the implementation of innovative practices
can be made which will therefore be quite helpful and useful for
them in ensuring that the management of the needs and
requirements can be made quite effectively and efficiently.
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Marketing Strategy Product- New London Cafe will provide a wide variety of food items
to the customers according to their taste and preferences.
Price- New London Cafe will make sure that the use of Competitive
pricing strategy can be made so that the customers can be targeted by it.
Place- New London Cafe will open its branches at different locations
which will be helpful in managing the needs and requirements.
Promotion- New London Cafe will make sure that the use of
aggressive promotional methods and techniques can be made so that
the attainment of the goals and objectives can be made highly
effectively and efficiently in a proper and appropriate manner.
STP framework Segmentation- New London Cafe will make sure that the segmentation
of the market can be done by it so that it can take different types of
strategic and tactical decisions quite effectively and efficiently.
Targeting- New London Cafe will make sure that the different types of
customers can be targeted so that the attainment of the goals and
objectives can be done highly effectively and efficiently.
Positioning- New London Cafe will make sure that it positions its wide
range of products and services in such a way so that the profits can be
enhanced.
Controlling and
Monitoring
Techniques
 KPIs- The use of KPIs will be made by the organisation so that
the assessment of the performance can be done quite properly
and appropriately.
 Benchmarking- The use of Benchmarking will be made so that
the different types of benchmarks and standards can be set so
that the attainment of the goals and objectives can be done in a
proper and appropriate manner.
Summary The use of this Business Plan will be made so that the different types of
organisations are able to make sure that they are able to properly ensure
that the attainment of the different types of goals and objectives can be
done in detail which will help it a lot in managing the needs and
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requirements effectively and efficiently.
M3: Development of appropriate and detailed Business Plan
The use of Business Plan is required to be made in the organisations so that they are able
to strategically and tactically manage the wide range of needs and requirements effectively and
efficiently. For an organisation like New London Cafe it is required that it should be able to
make the use of Business Plan to be able to attain the goals and objectives effectively and
efficiently in a right way.
D3: Presentation of a coherent and in-depth Business Plan
It is important that this should be done so that the attainment of the goals and objectives
in detail can be done. For an organisation like New London Cafe it is essential that the
identification of the way in which the attainment of the goals and objectives in the future can be
done should be made which will therefore help it a lot. Therefore, In this way it can be stated that
the use of the Business Plan is required to be made properly by the Business Organizations so
that they are able to manage their wide range of needs and requirements.
TASK 4
P5. Assessing exit and succession options for small business explaining advantages and
disadvantages of each option
The use of a wide range of Exit options can be made by the Businesses (Kim, Glock and Emde,
2021). An explanation of some of these options can be made as follows-
M&A deals- It is an option which can be considered by the Businesses to exit the market
(LeCounte, 2020). In it, a company Merger and Acquisition of the Business of one company is
done by another company. Therefore, the use of this option can be considered by New London
Cafe if it wants to exit the market.
Benefits-
 The use of this option is easy and therefore does not requires that the complicated
procedures should be followed by the organisations (Mittal and Sridhar, 2021).
 The use of this particular option can be helpful for the organisations in order to make sure
that they can get the best value for their business (Ngwa, 2020).
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Drawbacks-
 The use of this option is quite costly and therefore higher-level of expenses have to be
incurred by a company if it wants to make its use.
 The use of this option requires a lengthy procedure to be followed and therefore this can
create an impact on the organisations.
Liquidation- It is an option which can be considered by the Organisations so that they are
able to identify the way in which they can properly and appropriately get the right value for their
Business (Pinnegar, Randolph and Troy, 2020). New London Cafe can make its use so that it can
exit the market.
Benefits-
 The use of this option can be made by the organisations so that they can get the right
value for their Business (Shen, 2021).
 Through making the use of this particular option the organisations can make sure that
they can exit the market easily (Taherdoost and Madanchian, 2021).
Drawbacks-
 The use of this option can affect the organisations because it is a costly affair to make the
use of this option.
 The use of this option can also create an impact on the organisations because it has a
lengthy procedure which has to be followed.
Justification- New London Cafe must make the use of Liquidation strategy if it wants to
exit the market because through the use of this strategy it can make sure that it gets the right
value for its Business which will ensure that it can smoothly exit the market.
M4: Evaluation of exit or succession options
The use of different types of exit options can be made so that the organisations are able to
make sure that they can exit the market. Therefore, New London Cafe can consider making the
use of these options if it wants to exit the market which will therefore help it a lot in getting the
right value for the Business.
D4: Critical evaluation of the exit or succession options
The use of the exit options can be made by the organisations so that they are able to make
sure that they can exit the market smoothly by getting an appropriate value for their Business.
New London Cafe will be required to make sure that it can consider these options so that it is
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able to choose the option which is right for it for the purpose of making an exit from the market.
Thus the decision has to be made in a proper and appropriate manner.
CONCLUSION
From the above report, it can be concluded that Planning for Growth refers to ensuring
that the organisations are able to plan for the purpose of the attainment of growth in the future
effectively and efficiently in a proper and appropriate manner. Therefore, it can be stated that the
firms are required to make sure that they are able to identify the way in which they can take the
right strategic and tactical decisions which will be helpful for them in managing the needs and
requirements and ensuring that the attainment of the future goals and objectives can be done. It
will be also useful in ensuring that the implementation of the Short-term, Medium-term and
Long-term plans can be done and therefore the management of a wide range of needs and
requirements can be done quite effectively and efficiently which will be quite helpful for the
organisations so that they can attain sustainable level of success in the future in a proper and
appropriate manner.
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REFERENCES
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Taherdoost, H. and Madanchian, M., 2021. Determination of Business Strategies Using SWOT
Analysis; Planning and Managing the Organizational Resources to Enhance Growth and
Profitability. Macro Management & Public Policies. 3(1).
Online:
Ansoff Matrix. 2021. [Online]. Available through:
<https://businessupside.com/2021/04/01/ansoff-matrix-growth-tool-for-your-business/>
PESTLE Analysis. 2021. [Online]. Available through: <https://enterslice.com/learning/pestle-
analysis-a-mechanism-for-analysis-of-businesses/>
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