Planning for Growth in Marks and Spencer: Exploring Growth Options, Funding Sources, and Business Plan

Planning For Growth

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK...............................................................................................................................................1
P1 Explain the growth options for the business with Justification. ....................................1
P2 Evaluate the opportunities for growth applying Ansoff’s growth vector matrix...............2
M1 Discuss the options for growth using a range of analytical frameworks to demonstrate
the understanding of competitive advantage within an organizational context..........................4
P3 Assess the potential sources of funding available to businesses and discuss benefits and
drawbacks of each source............................................................................................................5
Benefits............................................................................................................................................5
M2 Evaluate potential sources of funding and justification for the adoption of an
appropriate source of funding for a given organizational context..............................................7
P4 Design a business plan for growth that includes financial information and strategic
objectives for scaling up a business............................................................................................7
M3 Develop an appropriate and detailed business plan for growth and securing investment,
setting out strategic objectives, strategies and appropriate frameworks for achieving
objectives.....................................................................................................................................9
P5 Assess exit or succession options for a small business explaining the benefits and
drawbacks of each option............................................................................................................9
M4 Evaluate exit or succession options for a small business comparing and contrasting the
options and making valid recommendations.............................................................................10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Planning for growth is the crucial aspect in any organisation as it help in building the plan and
the strategies for future development. The aspect assess the organisation in respect to their
performance and the identify the prime areas of opportunities which provides great help in
expanding the business. A business growth plan outlines the situations or scenario of where
organisation sees itself in the upcoming years. And at the end organisation measures that targets
are met or not. Planning for growth includes the fundamental principles which helps in terms of
growth of the organisation. These planning should be done in the context of growth of the
organisation and in order to met the objectives. It is critical to met the multiple future aspects
which greatly contributes in minimizing the risks, recouping early losses and helps in recreating
different revenue plans. The report is being made in the context of Marks and Spencers
company which is a UK based brand deals in selling quality clothes and the beauty products
(Alamsyah, 2021) . The aim of this report is to highlight the growth opportunities in respect to
the Marks and Spencers company with the evaluation of the factors that helps in grabbing the
right opportunities. Adding to that this report also covers the potential sources of funding with
their benefits and drawbacks. Further this report explains the plan for growth and the strategic
objectives of the organisation.
TASK
P1 Explain the growth options for the business with Justification.
Every establish organisation in the market requires to develop their image the market in
respect to earn more profits and generate success. A natural growth can be achieved when all the
functions and operations aligned and going as per the plan. But before making or implementing
any plan it is really important to explore all the internal and external factors of the company,
which can be evaluated through the implementation of the PESTLE analysis.
PESTLE Analysis
 Political factors- These are the factors which influence in all the decision in the
organisation related to laws and government decisions. Having political stability at a
place of working is very much impactful(Ansoff, 2018) . Stability needs legal
frameworks which organisation needs to adopt. M&S have a separate departments which
1

make sure that organisation is following each every law implemented by UK
government.
 Economic factor – These factors are the rates which makes impact on the working
structure of the organisation. These rates includes inflation rate, interest rate, inflation
and saving rate. These are the rates which influences structure of the information and
technology industry. There are various rates which effects on M&S operations and its
development process.
 Social Factor- It comprises the culture and the working environment of the specific
organisation. Social factor are the beliefs and attitudes of the residents at the place where
company is regulating its business. M&S is the organisation which regulates its functions
in selling clothes and beauty products and its operations is affected by population who are
within the demographics of the company. In order to manage the employees M&S should
operate their functions at a place where they get more favourable results.
 Technological factor- It is the most important external factor for each and every
organisation as with the constant change in the technology and information an
organisation should also develop their functions. Having developed technology in the
organisation always works in the favour of the company. M&S is the company which
have to change their manufacturing chain in respect to change in the technology as
recently developed technology generates more output then before.
 Legal factors- Implement all the legal framework in the organisation impacts on the
right and regulations of the employees. There are different laws and the rules which help
in protecting the rights which includes copyrights, health and safety rules, consumer
protection, patents and many more. M&S follows the rights in order ti maintain the
transparency in the working structure.
 Environmental factors- Having suitable environment in the market with appropriate
rules and regulations helps thriving the working culture of the organisation. M&S have to
implement policies which make contributions in the sector of environment protection. In
the current situation there are multiple plan by the Marks and Spencers which working in
the area of enhancing working environment.
2