Planning For Growth

Planning For
Growth

Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................2
P1. Analysing the key considerations for the purpose of evaluating growth opportunities and
justifying those considerations within an organisational context...........................................2
P2. Evaluating the opportunities for growth applying Ansoff’s growth vector matrix in the
context of Choosen Company................................................................................................3
TASK 2............................................................................................................................................5
P3. Assessing the potential sources of funding available to the businesses and discussing
about the benefits and drawbacks of each source...................................................................5
TASK 3............................................................................................................................................6
P4.Designing a business plan for the purpose of growth which includes financial information
and strategic objectives for scaling up a business..................................................................6
TASK 4............................................................................................................................................7
P5. Assessing the various exit or succession options for a small business explaining the
benefits and drawbacks of each option...................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Small and medium enterprises corporations do the complete designing of business system
before redirecting to the implementation stage. It is necessary for organisation to do the complete
planning which allowed the business to make a good summary of inner and external elements
which survive inside the business structure. This report is based on HITECH.com which is a
British software programme agency. The purpose of making this report is to discuss on diverse
stories of enterprise and various strategies that help the organisation in booming of the small and
medium-sized employer. Along with this it also include the value of opportunity is for of growth
by applying Ansoff matrix. It also helps in finding the potential sources of funding which are
available for business organisations along with their benefits and drawbacks. As said earlier it is
necessary to do planning before starting a business, this report shows a business plan as well
which communicator how the entrepreneur intended scaling up a business.
1

TASK 1
P1. Analysing the key considerations for the purpose of evaluating growth opportunities and
justifying those considerations within an organisational context
The internal judgement of HITECH.com
Strengths: the most important resource in HITECH.com is a power which comes from various
orders factories which make furniture as a coding to the Purchase of customer. This is impartially
huge for the organisation as these facts allows the agency for keeping the sources and putting
effective the virtual conversation which a factor in interacting with factories.
Weakness: Universal organisational structure is the basic weak point of the organisation. The
company has been operated by way of 350 personnel who give the invitation to the competitors.
For example Harvey is using the organisation structure for their business operations (Ramseur
and et. al., 2018).
Opportunities: Currently HITECH.com is using normal procedures for the purpose of running
the commercial business. They have opportunity for using the digital technology so that they can
get the special order also from their clients in order to become a good manufacturer.
Threats: It is necessary for HITECH.com to give the proper guidelines and Awareness of new
machines and their means various sources and organisational functionality so that the
organisation can achieve the goals and objectives in an effective and efficient manner. These
factors are necessary to analyse while launching any new task in the organisation (Wijaya, S.E.
and Imran, M., 2019).
PESTLE judgement of HITECH.com
Political Factors: HITECH.com is planning to declare a brand new business assignment. For the
same they have to follow all the political state of affairs of United Kingdom which include
labour issues, new government policies and many more.
Economic Factors: The management of HITECH.com is planning to take loans from banks. It is
necessary to we collect the financial scenario of United Kingdom (Pendleton and et. al., 2017).
Social Factors: It is a huge challenge for the organisation to do the growth of business of
furniture production which must help the consumer by satisfying their needs.
Technological factors: They are making profit bye by Outsourcing orders and it is required to
provide to recall the technological capability is for manufacturing.
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