Planning for Growth: Evaluating Opportunities and Funding Sources for Miyoko's

Planning for growth
Contents
INTRODUCTION...........................................................................................................................3
TASK1.............................................................................................................................................3
P1: Evaluate growth opportunities for Miyoko’s........................................................................3
P2: Identify growth opportunities for Miyoko’s with application of Ansoff’s growth vector
matrix..........................................................................................................................................6
TASK2.............................................................................................................................................7
P3: Explain sources of funding with considering benefits and drawbacks.................................7
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TASK3...........................................................................................................................................10
P4: Develop a business plan with financial and strategic options for Miyoko’s......................10
TASK4...........................................................................................................................................12
P5: Explain succession or exit options for small scale business entities with suitable benefits
and drawbacks...........................................................................................................................12
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
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INTRODUCTION
Planning is refer as the process of deciding goals and objectives of business to be
achieved and adopting the ways for achievement of estimated and pre-decided objectives of
business for effective functioning & running of business (Park and LaFrombois, 2019). In other
words it is defined as management function of decision making that helps in deciding what to do,
when to do, how to do and related to managing and controlling related to objectives and
resources of business.
Miyoko’s formally known as Miyojko’s kitchen is an American food producer especially
dairy-free product such as- butter, and wide variety of cheese with help of traditional cheese
making culture and technique. The company is registered in 2014 with its headquarter in
California, United Kingdom with limited employees of 69.
This report is based on the topic “Planning for growth”. Here growth opportunities for
respective organisation are considered with use of suitable model, ansoff’s growth vector matrix
is also discussed for identifying opportunities. Further, sources of funding for implementing
suggested strategy and business plan for application of recommended business strategy are
considered within report.
TASK1
P1: Evaluate growth opportunities for Miyoko’s.
PESTLE Analysis:- It is defined as the method for finding business opportunities needs
for future growth of business and long terms sustainability in industry. Factor of pestle analysis
are considered below with respect of respective organisation:
 Political factors: This is first and most important factor of pestle analysis consists
of elements such as- political governance and policies, taxation and many more
that affects a business in terms of sustainability and future growth. Political
stability, relative fair country, split into national & local administration has
positive influence on working of respective organisation that helps in creating
growth opportunities for future (Sell and et. al., 2018). As the working of SME is
getting affected by governance rules and regulations and in relation to this
working credibility of new business is also get affected in clear manner. The new
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business has to follow different regulation that somehow reduces the profit share
as at initial stage.
 Economical factors: This refers as the factors such as- inflation, recession,
population, employment of a nation. In terms of UK fifth highest GDP
worldwide, large population, free markets, increasing foreign direct investment all
have significant impacts on respective business in terms of profitability. Thus, it
creates huge opportunities for growth. The economy of UK is adversely affected
by recession that creates barriers for business growth. Thus it is important to
communicated employment generation and contribution in economic
development through respective business.
 Social factors: Elements like consumer buying habits, living standards,
geographical and demographical differences all are affects growth of a business.
Free national health services, high living standards of people of UK creates
growth opportunities for respective firm. But on the other side it has some
negative impacts also such as- high population and unemployment etc. consumer
behaviour is changed due to economic recession within country that impacts
respective firm in negative ways. Thus it needs to focus on society development
through its business that helps in overcome negative impacts of social factor (Yu,
Yanxu and Bojie, 2019).
 Technological factors: UK has great access in term of technology. For instance
innovation skills, expertise in science & IT has positive impact in terms of future
growth and expansion of business. Respective firm indulge in advanced
technology and modification in existing products so as to meet technological
requirements of nation and helps in employment generation.
 Legal factors: Laws of UK government are very strict for instance employment
laws, labour safety and consumer protection laws that has prominent impacts and
influence in terms of growth of respective business. Thus, it is necessary to
consider these policies in fundamental laws of Miyoko’s. laws regarding supply
of raw material is strict in particular country that has adverse impacts on business
growth thus it needs to focus on building effective governmental and public
relations in order to overcome adverse impacts.
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