logo

Planning for Growth Assignment : Thomas Developer

17 Pages4255 Words146 Views
   

Added on  2020-12-10

About This Document

We will discuss about Thomas Developer which is a small IT firm that develops software. “Electoral Management System for The City of London” is a government contract under which the company has made a bid of £160k. In this assignment, key considerations of business such as porter's generic, Ansoff's matrix, and PEST for examining growth opportunities is described. This company has a shortage of resources for which its managers are searching potential sources of funding. Furthermore, exit or succession options for small businesses are also described in the last section of the report. We will design a business plan for growth that includes financial information and strategic objectives for scaling up a business.

Planning for Growth Assignment : Thomas Developer

   Added on 2020-12-10

ShareRelated Documents
PLANNING FOR GROWTH
Planning for Growth Assignment : Thomas Developer_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Analyse key considerations for evaluating growth opportunities and justify theseconsiderations within an organisational context.....................................................................1P2 Evaluate the opportunities for growth applying Ansoff’s growth vector matrix..............4TASK 2............................................................................................................................................5P3. Assess the potential sources of funding available to businesses and discuss benefits anddrawbacks of each source.......................................................................................................5TASK 3............................................................................................................................................7P4. Design a business plan for growth that includes financial information and strategicobjectives for scaling up a business........................................................................................7TASK 4..........................................................................................................................................10P5. Assess exit or succession options for a small business explaining the benefits anddrawbacks of each option.....................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
Planning for Growth Assignment : Thomas Developer_2
Planning for Growth Assignment : Thomas Developer_3
INTRODUCTIONPlanning for growth is considered as a strategic activity of a company which enablesemployers to plan and track progress of business. This will give opportunity to organizations toallocate limited resources towards a centred effort for adaption of changes. Under this process,strategies and tactics are included in growth plan and mostly concerned on key driver of revenuegeneration (Wu, 2015). This report is based on Thomas Developer which is small IT firm thatdevelop software. “Electoral Management System for The City of London” is a governmentcontract under which company has made bid of £160k. In this assignment, key considerations ofbusiness such as porter's generic, Ansoff's matrix and PEST for examining growth opportunitiesis described. This company has shortage of resources for which its managers are searchingpotential sources of funding. Furthermore, exit or succession options for small business are alsodescribed in the last section of report. TASK 1P1 Analyse key considerations for evaluating growth opportunities and justify theseconsiderations within an organisational context.With emergence of new technologies, small organisations gain various opportunities toexpand their business in international market. To utilise opportunities by which a company cangrab attention of customers and win competitive advantage, it is essential to executives toconduct proper market research. For this process, the two main concept helps in analysingsituation of marketplace and develop strategies accordingly i.e.: Porter's generic strategies andPEST analysis (Keough, 2015). Competitive advantage: It refers to main component behind growth of any organisationas competition at marketplace assists a firm to conduct business in innovative manner. Thiswould provide benefits to customers to avail products on best price and high quality. In contextwith IT sectors, innovation refers to central aspect of competitors where people line up topurchase those products which are faster, smaller and give better services. Therefore, it becomesessential for Thomas Developer to offer innovative software to customers which help inexceeding their satisfaction level. In order to examine competitive advantage, managers of thistechnological company has used porter's generic model in following manner:- 1
Planning for Growth Assignment : Thomas Developer_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
(Solved) - Planning For Growth Assignment
|14
|4299
|140

Planning for Growth: Strategies and Funding Options for SMEs
|22
|6330
|490

Planning for Growth in Marshfield Bakery Limited
|24
|6773
|216

Planning for Growth in Business: Key Considerations, Ansoff's Growth Matrix, Funding Sources, and Business Plan Design
|16
|4476
|69

Planning for Growth Assignment Solved - Doc
|14
|4333
|23

Planning for Growth InTRODUCTION in Organization
|15
|4563
|79