Planning for Growth Assignment - Bosham Holdings
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Added on 2020-10-05
Planning for Growth Assignment - Bosham Holdings
Added on 2020-10-05
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Planning for Growth
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Analysis of key considerations for evaluating growth opportunities & justify these inorganisational context.................................................................................................................1P2 Evaluation of opportunities for growth by applying Ansoff’s growth vector matrix............5TASK 2............................................................................................................................................7P3 Assessment of potential sources of funding available to businesses & its benefits anddrawbacks....................................................................................................................................7TASK 3............................................................................................................................................9P4 Development of business plan for growth including financial information & strategicobjectives for scaling up a business............................................................................................9TASK 4..........................................................................................................................................11P5 Assessment of exit or succession options for a small business and benefits & drawbacks ofeach option................................................................................................................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONPlanning is very crucial activity for every business firm as it helps in its growth andsuccess. It ensures long term sustainability of company in market and assists in accomplishmentof pre determined objectives of an organisation. So, planning refers to the thinking process aboutsuch activities that are needed to attain desired result. Growth planning is defined as the strategicbusiness activity the allows owners to plan & track growth in revenue (Barbour and Deakin,2012). It enables them to allocate their resources towards centred effort to adopt industrialchanges that are driven through digital disruption. The strategies involved in growth planningemphasize on important driver of revenue generation, i.e., customer. In the present assignment,chosen organisation is Bosham Holdings (Technik) which provides printing and graphicsolutions to customers. The report covers key considerations for evaluating growth opportunitiesby application of Ansoff's growth matrix. Potential sources of funding for business and exit orsuccession options is also assessed along with their advantages and drawbacks. Apart from this,business plan for growth is developed which includes strategic objectives and financialinformation for scaling up a business.
TASK 1P1 Analysis of key considerations for evaluating growth opportunities & justify these inorganisational contextBusiness growth is an essential aspect for firm which can only be attained by combinedefforts of management as well as employees. For success and growth of an organisation,planning is very essential. It will assist in increasing level of working and also helps in attainingobjectives on time (Brinckmann, Grichnik and Kapsa, 2010). As the company Bosham Holdings(Technik) administers printing and graphic solutions to clients, they can expand their business bycoming up with new or different concept. For this, manager of firm is requires to do properplanning and consider those factors that helps in evaluating growth opportunities for business.These components includes: Competitive advantage: For performing business activities in an effective manner and attaining targets ofcompany, various resources are require. Bosham Holdings (Technik) has highly skilledmanpower that helps firm in providing best solutions to customers. Their unique selling pointinvolves services which gives core competency to company. Porter five force analysis:In year 1979, Michael Porter developed this model for analysing business competition.Five forces are derived in it that helps in determining competitive intensity and attractiveness ofindustry in terms of profit (Porter’s Five Forces of Competitive Position Analysis, 2018). Itinvolves: Industry rivalry: Strong points of Bosham Holdings are considered under this whichassists in providing competitive edge to company over its competitors. For making businessexpansion possible, these factors should be polished. Power of buyers: Firm needs to provide such printing solutions that are distinct fromothers. This will help in attracting customers more which results in effective increase in sales. Power of suppliers: Company needs to choose those suppliers which provides them rawmaterials on time. This will helps in making product competent to market. Threat of new entry: Threat for competitors is high for business as many new entrantsare enter in this business that may affects growth of firm.
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