Planning for Growth: Analyzing Opportunities, Financial Options, and Exit Strategies for Don't Go Anywhere Catering Services

Planning for Growth

TABLE OF CONTENTS
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Key considerations for analysing growth opportunities in relation with the establishment........3
Identification of growth opportunities by making utilization of Ansoff Growth Matrix............5
Critically evaluating financial growth option and source of funding:.........................................6
Critically appraisal of the exit or succession option available with the business organization
and benefit and drawback for each option:..................................................................................7
Justified recommendation for the business:.................................................................................9
Business plan in the context of the firm “ Don't go anywhere catering services”:....................10
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................15

INTRODUCTION
Business growth plan is the company's framework that includes the objectives, plans and
strategies for the achievement of the business goals. This plan take over the span of a year or two
year (Cirillo, and et.al, 2020). Companies implement short term plans with the strategies that
helps the business to figure out the future success in each business sector of the firm.
Organization like Don't go anywhere catering services can use the different strategies like market
penetration, market development, product development and the diversification for the growth of
their business in the competitive run. Further report based on the firm Don't go anywhere
catering services will be quoting the growth plan of the business and the business plan of the
organization. The report will also show about the analytical framework influencing the business
in the competitive run by using the different models in the study commenced on the business of
Don't go anywhere catering services.
MAIN BODY
Key considerations for analysing growth opportunities in relation with the establishment
There are varied things that has been highly considered by the manager of Don’t Go
Anywhere Catering Services especially at the time of analysing and evaluating numerous growth
as well as expansion opportunities that are easily available in external atmosphere. The company
deals into providing services to high quality suppliers which include food and beverages items
(Sell and et.al., 2018). The areas that are required to be considered by the manager of the firm at
the time of planning for development as well as expansion of the business has been illustrated as
below:
 Competitive advantages: In order to understand the ways within which the Don’t Go
Anywhere Catering Services are able to retain or gain its competitive advantage
specifically in external environment has been explained with the help of using VRIO
model such as:
Resources Value Rare Imitable Organize
Human
resources
Yes No Yes Yes

Products and
services
Yes No Yes Yes
Technology Yes No Yes Yes
Brand image Yes Yes No Yes
Valuable: It has been evaluated Don’t Go Anywhere Catering Services have great level of
human resources that are extremely ready to provide their best so that the firm will able to earn
maximum amount of market share as well as profitability measure (Li, Xu and Li, 2020).
Appropriate and effective quality of food and beverage services sustained or maintained by the
enterprise has helped the firm to satisfy the needs and demand of the consumers in the best
possible manner. The brand image of the company is also valuable in nature as it helps to retain
along with attracting new customers within the organization.
Rare: The information that has been represented in the above table represents that technology,
human resources, services as well as products are not rare of company the similar kind of
products and services are presented by several other companies as well. In addition to this, the
brand image of the company is rare as company deliver dissimilar products and services to
varied consumers.
Imitable: Brand image is the one and only element that can never be imitated or copied by other
competitive firms. On the other hand, the other components of the table i.e. the technology,
human resource and services can be able to easily imitable by several other companies as well in
order to increase their profitability.
Organized: Appropriate arrangements along with establishment of varied resources which
includes brand image, technology and services along with products of the firm has helped in
order to retain their competitive benefits.
New services and products: Don’t Go Anywhere Catering Services manager with the help of
focusing over development of products and services with the help of adding organic food items
into their product range can able to fulfil the requirement of health conscious customers in most
efficient manner (Patri and et.al., 2020). Thus, the manager of the firm with the help of focusing
towards innovating the company products as well as make necessary improvements is highly
able to build strong brand value or image within the market space.