Business Plan for NISA : Report
16 Pages4632 Words72 Views
Added on 2020-07-22
Business Plan for NISA : Report
Added on 2020-07-22
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Planning for Growth
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1P1. Analysis of certain important things for evaluating growth opportunities and there impacton the digital technology of the firm...........................................................................................1P2. Evaluation of opportunities for growing through applying Ansoff's growth vector matrix.4M1...............................................................................................................................................6D1................................................................................................................................................6TASK 2............................................................................................................................................6P3. Sources of funding available with NISA and its advantages and disadvantages..................6M2 & D2.....................................................................................................................................8TASK 3............................................................................................................................................8P4. Business plan for NISA and measurement of the business...................................................8M3 & D3.....................................................................................................................................9TASK 4..........................................................................................................................................10P5. Ways through which small business owner can exit the business......................................10M4 & D4...................................................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONMost of the organisation which debuts in the market now or when are small or mediumsized company. As the time process they increase their turnover according to the demand in themarket and moves in a direction to big a large scale organisation. There are very few of themwho gain success in this mission as they fail to perform the operations which they have aimedfor. This report will be highlighting the basic needs which has to be taken care while framing anybusiness plan (Moseley, 2013). Through taking the scenario of small medium sized companyNisa there will be evaluation of the growth opportunities applying Ansoff's growth vector matrixand what are the various sources of funding available to business. After this there will beadvantages and disadvantages of these sources and a business plan will be framed for growth. Inthe end there will be details about the ways which can be used by the companies to exit from thebusiness and how they can implement these. This whole scenario highlights that how digitaltechnology can help a small medium sized firm like Nisa to gain competitive advantage andincrease their work efficiency. TASK 1 P1. Analysis of certain important things for evaluating growth opportunities and there impact onthe digital technology of the firm.Nisa Retail Limited is a small medium sized brand which sells grocery products in theirvarious stores spread across UK. They normally buy products from different brands and then itsells to the customers. It represents over 1080 registered shareholders operating over 4000convenience stores and small super markets (Cron, DeCarlo and Dalrymple, 2010). They haveestimated net worth of£23.77 million and has employed 213 people for performing variousoperations in the company. Competitive Advantage:-Technology provides various range of tools whichentrepreneurs can use for their new companies at the starting stage so that they canexperience growth. Small business administration, accounting, production, marketing andcommunication, storage and distribution has been revolutionized by advances incomputer, network and communication technologies (Burns, 2010). Company like Nisahas been adapting into new technology so that they can gain competitive advantage. 1
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