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Evaluation of Business Opportunities & Potential Sources of Finance for Growth

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Added on  2020-11-12

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Planning for Growth INTRODUCTION 1 TASK 11 P1 Analysis of key considerations for evaluating growth opportunities & justify these in organisational context 1 P2 Evaluation of opportunities for growth by applying Ansoff’s growth vector matrix 3 M1 5 TASK 25 P3 Assessment of potential sources of funding available to businesses & its benefits and drawbacks 5 M2 7 TASK 2010). 37 P4 Development of business plan for growth including financial information & strategic objectives for scaling up a business7 M3 business plan

Evaluation of Business Opportunities & Potential Sources of Finance for Growth

   Added on 2020-11-12

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Planning for Growth
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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............3M1 ...................................................................................................................................................5TASK 2............................................................................................................................................5P3 Assessment of potential sources of funding available to businesses & its benefits anddrawbacks....................................................................................................................................5M2 ...................................................................................................................................................7TASK 3............................................................................................................................................7P4 Development of business plan for growth including financial information & strategicobjectives for scaling up a business............................................................................................7M3 business plan..............................................................................................................................8TASK 4............................................................................................................................................9P5 Assessment of exit or succession options for a small business and benefits & drawbacks ofeach option..................................................................................................................................9M4....................................................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONPlanning is important and play vital role in business environment for every organisationas it helps in growth and success. Through proper planning, enterprise can gain long termsustainability and it also help in gaining pre-determined goals and objectives. Simply, it can besaid that main motive of planning is to design what do to, how to do, when to do and for whomto do (Barbour and Deakin, 2012). This assignment is based on ABC enterprises which is aconsultancy firm that provide services related to environmental scanning. The company isapplying for a government contract and for this the entrepreneur requires £300,000 for thebidding process but the company is only having £20000. so, they will have to manage the rest ofthe amount through other sources of funds. Below mentioned assignment will discuss about key considerations for analysing severalopportunities and growth with the assistance of Ansoff's growth vector matrix. It also enlightensvarious sources of funds with their advantages and disadvantages. In the last, business plan isframed with the motive of growth which cover strategic objectives and information for ratingbusiness. TASK 1P1 Analysis of key considerations for evaluating growth opportunities & justify these inorganisational contextGrowth is required by every organisation and for remaining in business environment aswell it can be gained by efforts of overall management and employees. For achieving successand growth there is requirement of proper planning in better manner. ABC is the businessconsultancy organisation they are investing in the contract of Environmental observation firmwhich is valuing£50k. Thus, in such case it is the duty of manager to do planning in appropriatemanner so that business can growth and achieve success. Components included in this arementioned below :- Competitive Advantages – Business environment is wide in nature. It have severalcompetitive advantage for every organisation. For gaining these advantages it is important to doplanning in better manner (Brinckmann, Grichnik and Kapsa, 2010). ABC Enterprise haveprovide their services in better manner to customers because through satisfied customersenterprise can generate high amount of profit in better manner.
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Resources- Company needs to arrange all the necessary assets such as; maximumamount of workforce, sufficient funds, modern technologies and so on. All these elementssupports selected firm in accomplishing their specific project in a defined time frame bygrabbing available success opportunities. Core competencies- As per this component an organization needs to focus on majorfactors which helps in managing various business activities in order to generate maximum returnon their investment. For example; client services, resolving conflicting situations which incurredbetween two employees as well as managers needs to focus on various decisional process. Porter's Generic Strategy – This model is introduced in 1980 by Michael Porter and itrefer to competitive techniques. It involves Cost leadership, differentiation and focus as wellfocus strategy is subdivided into two parts named as cost focus and differentiation focus. Thefactors included in it assist in framing effective and efficient strategies for running business andits growth. ABC Enterprise is utilising Porter Generic Strategy Method for preparing actual planfor maintaining brand image and earning profit. Cost leadership – this is mainly focusing on cost of services provided by respectiveconsultancy organisation. Cost leadership states that goods and services must be providedat reasonable price which can be affordable by everyone. Thus, ABC Enterprise canprovide their services to customers at discounting prices which attract large number ofcustomers and retain them for long duration as well assist in increasing profitability andprofit.Differentiation Leadership -It states that services offering by the company should bedifferent and unique through implementing several distinct features. With the assistanceof these it will be easy for ABC Enterprise Business to gain their distinct position inmarket and in the mind of customers also. Cost Focus – This term is focusing on price of ABC Enterprise and they have to makesure that respective firm have to apply better pricing policy compare to their competitors(Burton, 2010). But in such cases quality of the services also must be kept in mind. Differentiation Focus - This ABC Enterprise have to concentrate on features of servicesalong with examining effectiveness of competitive offerings for enhancing their ownbrand image within consumers and market.
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