Planning for Growth: Analyzing Considerations, Evaluating Opportunities, and Designing a Business Plan for The Furniture Practice Ltd.

Planning for Growth

Table of Contents
INTRODUCTION ..........................................................................................................................3
PART 1............................................................................................................................................3
TASK 1 ...........................................................................................................................................3
P1. Analyse key considerations for evaluating growth opportunities and justify these
considerations within an organisational context.....................................................................3
P2. Evaluate the opportunities for growth applying Ansoff’s growth vector matrix............5
Ansoff's growth vector matrix................................................................................................5
TASK 2............................................................................................................................................7
P3. Assess the potential sources of funding available to businesses and discuss benefits and
drawbacks of each source.......................................................................................................7
PART 2............................................................................................................................................9
TASK 3............................................................................................................................................9
P4 Design a business plan for growth that includes financial information and strategic
objectives for scaling up a business........................................................................................9
TASK 4..........................................................................................................................................12
P5 Assess exit or succession options for a small business explaining the benefits and
drawbacks of each option.....................................................................................................12
CONCLUSION .............................................................................................................................14
References .....................................................................................................................................15
Books and journal.................................................................................................................15

INTRODUCTION
Planning for growth is a serviceable portion of the business where management is
inclined to think some formulation to raise the growth off a organization. There are several key
that are portion of this enterprise scheme and it needed a deep investigation of many section that
create impact on the operative functions of the organization. In current report there is discussion
of The Furniture Practice Ltd. Company it is furniture acquisition company situated in 31 Pear
Tree St, London EC1V 3AG, United Kingdom. They want to create best and classy orders that
encourage the people towards the furnuiture. This report shows the aim of the company and
about the growth and opportunities of the organization. There is a analysis of the growth and
opportunities of the organization factors nad models. There is also discussion on the business
plan for the growth of the enterprise. According to this report there is discussion on the
recommendations of the business plan for gain ing more customer base and
opportunities(Lambert and Oatley, 2017).
PART 1
TASK 1
P1. Analyse key considerations for evaluating growth opportunities and justify these
considerations within an organisational context.
BCG Matrix (Boston Consulting Group)
BCG matrix is a strategic provision instrument or tool that is used to implement a growth
strategies for the organization. This matrix is established by the American company BCG
(Boston Consulting Group) to assist organisation. This matrix provide inferior for evaluating
goods and for the business means this matrix helps the business from the uncertainties and
upcoming belief of every unit. From the analysis a enterprise can determine the foremost way of
treating particular enterprise units to exploit their endeavour to the firm imagery. For the large
enterprise it is very easy to evaluate the revenues, cost, market shares and profit because they are
divide into strategic enterprise but on the others side it is very difficult for the small enterprise to
evaluate the revenues, cost, market share and more so for evaluating theses shares and product a
company use this matrix.

This matrix is used growth rates and market shares for appraise the products. BCG matrix
use for positions to appraise the products that is “ stars, dogs, cash cows and question mark”. For
more effective use of this matrix small and medium enterprise separate their firms on the basis of
revenues and then products and after that they analysis the market development and and market
share pace. For the more growth and opportunities of The Furniture Practice limited Company
they evaluating their products and shares by using these matrix (Kumar, 2016).
Four position of BCG matrix are mentioned below:
Dog: Dogs are preferable to as products and units of the company that have low market
growth as well as low market share. They are not much overwhelming the higher deals of
money. Dogs position are mostly examine as the money capture because a organization has
swamped with the money even though they are doing nothing and they are recommit any thing in
return. So according to this The Furniture Practice Limited Company if they have low market
share and low growth so their units are main and chief applicant for the sale means mannerism of
an possession through with marketing.
Stars: Stars are considerate as high market growth and best market share they create
more cash . If the company (The Furniture Practice Ltd.) is in star position their patents and open
market and products are termed as stars because they have more market share and and create
more money. In this position the result is of money is same as going and out. Stars enhance has
cash cows as they endure their success until a period when a broad development market
dragging down. If the organization( The Furniture Practice Ltd.) is in star Position then they have
great capabilities to grow up and they need more investment to gain their beliefs for the
organization.
Cash Cows: Cash cows is a market boss that generate more cash and consume less cash .
They have more cash growth and more market share but with low growth potentiality. They
provide cash to the question mark as they required to turn into market boss. If (The furniture
Practice Ltd.) company want to increase their ratio of production so they have to invest in cash
cows. For this position a organisation needs to connect with this position to gain more growth,
achievements and productivity.
Question mark: In this position the organisation have high growth potentiality but with
low market share. They take a huge amount of cash but convey little in return means in this
position there is loss of money. But if the organization are invested in this position means they