Planning for Completion and Growth PDF
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Added on 2021-02-19
Planning for Completion and Growth PDF
Added on 2021-02-19
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Planning for Growth
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1...........................................................................................................................................1P1 Key considerations for evaluating growth opportunities.......................................................1P2 Opportunities for growth using Ansoff's growth vector matrix.............................................3TASK 2............................................................................................................................................4P3 Sources of funds with advantages and disadvantages............................................................4TASK 3...........................................................................................................................................7P4 Business plan for growth of business.....................................................................................7TASK 4............................................................................................................................................9P5 Succession and exit plan for small business..........................................................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12.......................................................................................................................................................12
INTRODUCTIONIn order to sustain in this competitive world, it is necessary for the business organisationsto do appropriate planning for growth and expansion of their business. Therefore proper planningof growth allow the business owner to formulate proper strategies and work in a appropriatemanner, thereby achieving goals and objectives of the organisations. In addition to this, if theorganisation wants to expand their business at the international level it needs to plan for differentaspects such as determining proper funds, resources so as to conduct business in an appropriatemanner (Abolhasani and et.al., 2016). The chosen organisation for the assignment is Oak, Cashand Carry which is a grocery wholesalers company and offers wide range of products to theretailers and the individuals, located in Banbury, England. The project will throw highlights onevaluating various growth opportunities by applying suitable model such as Ansoff GrowthMatrix and will assess the potential sources of funding which is available to the business. Inaddition to this business plan is also designed which includes financial information and strategicobjectives, and will assess various options for exist or succession of small business. TASK 1P1 Key considerations for evaluating growth opportunitiesIt is necessary for the business organisations to do appropriate planning so as to attain itsgoals and objectives and leads to higher growth of their business. In context to the chosenorganisation, Oak, Cash and Carrywhich is wholesaler of the groceries needs to evaluate variousgrowth opportunities which is been discussed a follows-Respective company main focus is to expand its business so as to maintain its profitability andsustainability level (Ahmed and Bramley, 2015). Porters Generic Strategy- This model is developed by Michael Porter which providesvarious strategic direction to the business organisations so as to provide unique products as beenrequired by the customer and gain competitive advantage over its rival companies. It is explainedas follows-Cost Leadership- Under this strategy, main focus of the company is to target a largermarket segment and offer the products and service at the lowest possible rate. Thisstrategy assist the company to capture larger market share by attracting huge customerstowards the company products. 1
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