Planning for Growth Assignment - Yum-Tum Restaurant

Planning for growth

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Key considerations for evaluating growth opportunities..................................................1
P2 Evaluate opportunities for growth ....................................................................................3
TASK 2............................................................................................................................................5
P3 Assess potential sources funding available for companies...............................................5
TASK 3............................................................................................................................................7
P4 Design a business plan for growth....................................................................................7
TASK 4..........................................................................................................................................10
P5 Exit or succession options for small businesses..............................................................10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12

INTRODUCTION
An adequate planning for obtaining high growth and success help managers to achieve
their business goals in a minimal time period. In this competitive era, it is essential for
companies to make an appropriate plan or policies for exploring their business areas as well as
increasing financial capability. Along with this, business plan provides a pathway to employees
as they can work accordingly; it represents that management have clear understanding of all
aspect of business and demonstrate their commitment to future development (Eddleston and et.
al., 2013). The present assignment is based upon Yum-Tum Restaurant which provides food
facility to people and situated in Queen's street of UK. Company is going to made bid of
£200,000 in government contract that is “Food Supplier network”. Apart from this the report is
going to describe key considerations for measuring growth. It will describe potential sources of
funding available for business to achieve firm's goals and objectives.
TASK 1
P1 Key considerations for evaluating growth opportunities
While formulating plans for achieving future market growth and success it is essential for
companies to evaluate growth opportunities. It helps them to identify in which area company can
explore its business and gain high competitive edge. Although, growth contains several risk but
right strategy can deliver stability, long term profits and security to business. Yum-Tum
restaurant is one of the famous fast food provider in Queen's street and has entered into a
contract named “Food Supplier Network” for this purpose managers of company are required to
determine its market competitiveness and external environment thus to make future plans
accordingly. There is discussed key considerations required for determining growth opportunities
for the company.
Competitive analysis -
A competitive analysis enables whole business to better understand the competitive
landscape in which firm is operating. It informs value proposition by which company will
perform effectively among its competitors. In addition to this, competitive analysis enable
company to make strategic decisions and gain high competitive edge (Mahmoudi and et. al.,
2013). Yum-Tum Restaurant is analysing its competitive position through Porter's generic
strategy.
1