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Planning for growth Contents INTRODUCTION 1 TASK 11 P1 Key consideration for business growth opportunities in context of an organisation

   

Added on  2020-07-22

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Planning for growth1
Planning for growth Contents INTRODUCTION 1 TASK 11 P1 Key consideration for business growth opportunities in context of an organisation_1
ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Key consideration for analyse growth opportunities in context of an organisation...............1P2 Evaluation of growth opportunities by apply Ansoff's growth vector matrix........................3M1 Options for growth in order to understand competitive advantage.......................................4TASK 2............................................................................................................................................5P3 Potential sources of funds available to business with its benefits and drawbacks.................5M2 Potential source of funding...................................................................................................5TASK 3............................................................................................................................................6P4 Business plan for growth including strategic objective and financial information................6M3 Detailed business plan for secure investment and growth....................................................6TASK 4............................................................................................................................................7P5 Succession and exit options for a small business with its benefits and drawbacks................7M4 Exit and succession options for a small business..................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................92
Planning for growth Contents INTRODUCTION 1 TASK 11 P1 Key consideration for business growth opportunities in context of an organisation_2
INTRODUCTIONPlanning is known as the process of decide future actions and activities and this play asignificant role in growth of a business enterprise. One of the main benefit of this is that it helpmanager in identify the resources and funds require to complete business operations. This ensurecompletion of business activities in time. Technology is the factor that provide support tobusiness entities to perform all functions and this also boost up the process of business. Thisbring creativity at workplace and help in offer featured products to customers operations(Barbour and Deakin, 2012). Clearly Drinks Limited, a soft drink firm operate in UnitedKingdom is taken in this report for study. Major focus of entity is to implement digitaltechnology for get success. Major consideration for examine growth opportunities for anorganisation is given in this report. Various sources of available to an enterprise for get fundswith its advantages and drawback is all mentioned under this. TASK 1P1 Key consideration for analyse growth opportunities in context of an organisation Clearly Drinks Limited is a soft drink firm and offer various types of drinks to itscustomers in UK. Main aim of enterprise in to expand its operations in new areas with help ofinnovation and different type of drinks in new areas as per the taste and needs of customers. Inthis way, entity can capture a large market share and at the same time can maintain a competitiveposition in market. With this, company can attract more customers towards its products and atthe same time can increase its sales. All this directly increase profits of organisation and this isone of the main benefit of plan business activities. Final objective of entity can be achieve withhelp of plan various activities and with this entity can use the technology in better manner andcan examine the factors in the business environment. One of the main benefit of planning is thatit help manager in formulate better and effective policies for commercial activities. Byimplement the concept of digital technology, organisation can manufacture featured products forits customers and can satisfy their needs in better manner. Effective planning increase thesuccess chances of entity and help in create an innovative environment at workplace.opportunities that are available for Clearly Drink Limited with implementation of digitaltechnology is given in the following points:3
Planning for growth Contents INTRODUCTION 1 TASK 11 P1 Key consideration for business growth opportunities in context of an organisation_3
Competitive benefit: Management of Clearly Drink Limited plan to implement digitaltechnology for carry out business operations. This will add effectiveness in wholebusiness activity as with this all departments can perform their roles and duties ineffective manner. With help of technology, manager of production department canidentify the major and effective ways to carry out production process. In this way,enterprise can manufacture drinks with new flavour and can better satisfy the needs of itscustomers (Brinckmann, Grichnik and Kapsa, 2010). With help of technology, varioustools of communication are there which can be use by manager of marketing department.Benefits of use technology can be attain by various other departments of company suchas HRM, sales department and many more. With help of technology, manager can offertraining to employees with new and effective channels. In this way, staff members canperform their job roles in effective manner and can serve customers in better manner.With all this entities cab perform well and can get competitive benefit. New goods and services: Technology provide various channels for communication whichbring cooperation among various function perform by a business entity. Further this, helpin create and maintain good relations with workers. Different tools support entity in carryout research and better understand the market trends and needs of customers. With thisentity can produce soft drinks as per the requirements of customers and can retain themfor a long time period. In addition to this firm can introduce new flavour as per the needsof customers. Innovative idea improve skills and knowledge of workers which help themin perform their job roles in effective manner (Burton, 2010). With help of technologyentity can offer products to its customers with help of online platforms. All this increasesuccess and sustainability of enterprise. Collaboration: Various growth opportunities are there available in front of firm in form ofjoint venture, acquisition, merger and many more. With this, entity can work with otherfirm and can serve more quality and featured products to its customers. With effectiveuse of technology company can make new drink and can attain desired outcome. All these are the major growth opportunities which can be utilise by Clearly Drink Limited togenerate more profits and for capture larger market share. 4
Planning for growth Contents INTRODUCTION 1 TASK 11 P1 Key consideration for business growth opportunities in context of an organisation_4

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