Planning for Growth of NISA Report

Added on - 22 Jul 2020

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Planning for growth
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Analysing considerations for evaluating growth opportunities and justifying them and theimpact of digital technology at NISA.....................................................................................1P2 Evaluating the opportunities for growth applying Ansoff's growth vector matrix for NISA.................................................................................................................................................4P3 Assessment of the source of funds and its benefits and drawbacks for NISA..................5But it is necessary to give the dividend to the shareholder of the firms.................................8TASK 3...........................................................................................................................................9P4 Designing the business plan for growth including information and strategic objective forscaling NISA..........................................................................................................................9TASK 4..........................................................................................................................................11P5 Assessment of exit or succession options for NISA and explaining the purpose, benefitsand drawbacks......................................................................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONPlanning for growth of the enterprise whether big or small is very essential as with theplanning the entrepreneur will be able to maximise the profits, minimize the cost and helpthem to understand the current challenges. The present report will undertake the brief studyon the small business enterprise i.e. NISA retail store. NISA is an independent retail andwholesale store operating in whole of UK with a turnover of about£1.5 billion with 213employees working in the firm. It is necessary for the enterprise to review the variousstrategies and identify the opportunities for growth. NISA while planning for the growth needto consider various other factors to evaluate the growth opportunities. The report will furtherinclude the source of fund from where the organisation can arrange the need of fund andwhen these types of funding are to be used. At the end the report will conclude a specifiedbusiness plan for NISA retail store including the financial information and the strategicobjectives.TASK 1P1 Analysing considerations for evaluating growth opportunities and justifying them and theimpact of digital technology at NISA.Planning for the growth and then evaluating the set strategy for the growthopportunities is very essential for the business enterprise whether big or small. The evaluationwill help the businessmen to look forward in the growth opportunities and thus plan for thefuture options (Zhou and et.nl 2017). The growth opportunities can be defined as the idea ofthe sound business which is totally based upon the financial need and source of the business.Digital technology also help in the development of the business idea and thus in planning. AsNISA is independent retail and wholesale store in UK which is having a turnover of about£1.5 billion and having around 213 employees working in the store all over the UK.1
Illustration1: Digital technology at retail store.[Source: Digital technology at retail store. 2017]Thedigital technologyhas revolutionised the way NISA conduct a business andchanged the traditional business model and transformed the business activities. There arenumber of choice and opportunities with the introduction of the digital technology in NISAstore like the mode of payment has become easy. Thus, the existing products are becomingmore profitable and innovation of the new method of doing the business and earning profits.The products and services are seemly more developed and leading to increase diversificationof the product portfolios (Ying Chaolin and Xiaojiang, 2014). Theimpact of the digitaltechnologyon all the core operations of the business and working of NISA could be seen:Customer service-with the introduction of the digital technology in NISA and itsoperations customer service is improving to a certain level. As now this is enablingthe customer to pay their bill through debit or credit card instead of cash. So themanagement of cash in the store has become a less burden work.Communication-the use of social media and mobile technology is helping thebusiness to connect with the outer world and to communicate the important changesin the product and services to the customers. And also enabling to build a relationshipon global scale with the customers.2
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