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LO1 Key Considerations for Evaluate Growth Opportunities

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Added on  2020-10-22

LO1 Key Considerations for Evaluate Growth Opportunities

   Added on 2020-10-22

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PLANNING FOR GROWTH
LO1 Key Considerations for Evaluate Growth Opportunities_1
Table of ContentsINTRODUCTION...........................................................................................................................11. Key consideration for growth option (LO 1)...............................................................................1Key considerations for evaluate growth opportunities and justify it in organisational context..1Opportunities for growth with applying Ansoff matrix.........................................................32. Sources of funds and their implications to the business (LO 2)..................................................4Potential sources of funding available to businesses and discuss benefits and drawbacks ofeach source.............................................................................................................................43. Business plan (LO 3)...................................................................................................................6Design business plan for growth which includes financial information and strategic objectives................................................................................................................................................64. Existing strategy (LO 4).............................................................................................................10Exit or succession option for small business and define benefit and drawback of each option..............................................................................................................................................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
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INTRODUCTIONIn the business planning can be defined as the initial consideration which taken todetermine systematic development of operations and functions. In this way, long term goals andobjectives easily accomplish to increase profits and revenue. Better values also successfullydevelop that helps to promote activities in larger area of market. Furthermore, planning alsoassists to the enterprise to avoid certain random activities (Rahman, Taghizadeh and Ahmad,2015). Present study based on Southern Business Technologies which deals in telecom industryand provide different types of communication services as well. They successfully developoperations and functions to regulate desired level of outcomes to attract several customers in thebusiness. The vision statement of Southern Business Technologies is “To become the best andleading global company that provides technological solutions”. Its mission statement is “Toimprove the sales by 20% in next 10 years.” (Southern Business Technologies Ltd, 2019).For gaining insight information of the present report, it covers growth opportunities thatare successfully developed with key consideration in the enterprise. Furthermore, it includespotential sources of funding that is available to business and discuss benefits and drawbacks ofthese sources. Moreover, it demonstrates business plan for growth that involve financialinformation and strategic objectives. At last, it discusses about exit or succession option that isavailable for the business. 1. Key consideration for growth option (LO 1)VRIO analysis of for Southern Business Technologies.ResourcesValueRareImitationOrganizationCompetitiveadvantageOpportunitieswithin the E-commerce spaceutilising thecurrent ITcapabilities. Yes No, manycompetitorsare investingin IT to enterthe e-commerce. The analyticsand AI can bedifficult toimitate. It is just theinitiation forthe company. It can providesustainablecompetitiveadvantage. Brand awarenessYesYes, SouthernbusinessNoThe companyhas used itsSustainablecompetitive1
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