Planning for growth

Planning for
growth

Contents
INTRODUCTION...........................................................................................................................................3
TASK 1..........................................................................................................................................................3
Key considerations for evaluating growth opportunities.........................................................................3
Ansoff Matrix...........................................................................................................................................5
TASK 2..........................................................................................................................................................6
Potential sources of funds.......................................................................................................................6
TASK 3..........................................................................................................................................................8
Business Plan...........................................................................................................................................8
TASK 4........................................................................................................................................................10
Succession options for a business..........................................................................................................10
CONCLUSION.............................................................................................................................................12
REFERENCS................................................................................................................................................13

INTRODUCTION
Planning for growth is a strategic activity which is performed by different types of
business organizations so that they can make a plan to achieve higher growth rate in the future
time period and can stay ahead of their various types of competitors without problems and issues.
This will make sure that they are able to achieve their goals and objectives and can maximize
their level of profits for achieving growth (Baschat, 2018). Planning for growth is an essential
activity which should be carried out by the business organizations to plan for the future. This is
needed by them so that they are able to achieve their distinct goals and objectives in the future
time period. This is quite helpful for the achievement of sustainable success. This leads to
attainment of a much-required strategic edge for the companies. For this report, Relove
Technology Ltd. has been selected. It is a telecommunications equipment supplier in London,
United Kingdom. In this assignment, detailed analysis will be made on analysis of key
considerations for SMEs, various methods used by organizations to access funding. Also,
specific analysis will be made on development of business plan and assessment of various ways
through which a small business owner can exit the business and the implications of each option.
TASK 1
Key considerations for evaluating growth opportunities
There are various types of key considerations which the organizations are required to take
to evaluate the growth opportunities which are available.
Growth- Growth means considerable progress which a company can make in the future.
It is a top priority for most of the companies. Therefore the managers of Relove Technology are
also required to focus on it so that they are able to attain sustainable success in the future time
period.
Competitive Advantage- Competitive Advantage refers to the edge which the
companies can obtain over their various competitors within the market through the execution of
proper strategies and tactics. In this way, the managers of Relove Technology can make sure that
they are able to attain a competitive advantage over the competitors if they make use of right
methods.
Relove Technology’s managers can make use of the following model for this purpose-
Mckinsey’s 7s framework-
This framework makes use of different internal elements of an organization to look at its
design. It identifies that whether they are effectively aligned and allow the organization to
achieve its objectives (Colantoni and et.al., 2016). It can be used by the management of Relove

Technology so that they are able to analyze the various elements of their company in the context
of achieving higher growth.
There are different types of elements in this framework. The detailed analysis of these
elements is as follows-
 Strategy- It refers to the plans which are made by the organizations so that they are able
to achieve their short-term and long-term goals and objectives. Relove Technology can
make use of the right strategies and therefore make sure that it is able to achieve higher
growth in the future time period.
 Structure- It means the way a particular company is organized. This is quite important as
it establishes hierarchy in an organization and therefore ensures higher-level of efficiency
as well as effectiveness. The managers of Relove Technology can make sure that they are
able to set a right structure in the organization which will lead towards more productivity
and thus the company will achieve higher growth.
 Systems- It refers to the way daily activities and procedures are structured by the staff to
get the job done. The management of Relove Technology can make sure that they set a
right system in the company which helps them in achieving higher growth rate in the
future time period.
 Shared values- It means the core values of the organization. These are extremely
important for it because the right values have to be framed to make sure that the company
can achieve higher growth rate. Thus the managers of Relove Technology are required to
pay attention to them.
 Style- It refers to the style of leadership which is adopted by the organization. This is
crucial for an organization because the leaders play an important role in making sure that
the company achieves a higher growth rate. The management of Relove Technology is
required to make sure that they are able to use the right style of leadership.
 Staff- It refers to the employees of the organization and their general capabilities. The
efficiency and effectiveness of the staff of the organization has to be ensured so that the
goals and objectives of the firm can be achieved without problems and issues. The
managers of Relove Technology can make sure that they are able to motivate the staff to
perform at its best so that the growth opportunities can be used in the right manner.
 Skills- It refers to the actual skills and competencies which are displayed by the workers
of a company. The management of Relove Technology can make sure that the skills and
competencies of employees of the organization are enhanced effectively and efficiently
so that the goals and objectives are achieved and the higher growth opportunities are used
in the right manner by the organization without problems and issues.