Planning For Growth INTRODUCTION
Added on 2020-10-22
18 Pages4377 Words434 Views
Business DevelopmentFinanceEntrepreneurshipProfessional Development
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Planning For Growth
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 ...........................................................................................................................................1P2 ...........................................................................................................................................5TASK 2............................................................................................................................................7P3 ...........................................................................................................................................7TASK 3............................................................................................................................................9P4 ...........................................................................................................................................9TASK 4..........................................................................................................................................11P5 .........................................................................................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONPlanning plays essential part in small and medium-sized organisation in success andgrowth of business functions. For this, entrepreneur need to asses different factors while framingpolicies that make different functions according to which their conditions currently working incompetitive market (Valler, Phelps and Wood, 2012). This report is give an emphasis onHORSEL itis a small scale organisation which give research and evaluation services to othercompanies for problem solving and make them function smoothly. Company is applying forgovernment contract, for which entrepreneur require to have £300,000 of money for biddingprocess, but firm has only £20,000 and unexpended amount is to be taken from other onlinesources. This reportdefines different fundamental circumstances and make an emphasis onAnsoff matrix that is used by business person to evaluate development possibility. There areVarious actual sources which are assess by individual by having sufficient assets for makingappropriate program for business enterprise. Along this, there are different sequence and exitoptions are given which are recognised by an entrepreneur for making adequate conclusion forthe development of the business concern.TASK 1P1 Businessperson evaluate different components and market conditions to execute activitiesand sustain position and reputation in market. For this, it is essential that rival brands areacknowledged by superior to design system and utilise resources efficiently. Along this, latesttechnologies such as IT cloud, artificial intelligence and digital testing adopted by organisation toimplement innovative ideas in system. HORSEL is research consultancy firm which require toutilise funds properly to achieve growth tactic. It is necessary that appropriate plan is formulatedand followed by entrepreneur to accomplish adequate results and targets timely. Collaboration,competitive analysis and innovation are various tactics which are assess by manager is explainedbelow:Competitive advantages: This aspect defines that businessperson require to utiliseresources properly to conduct the business actionimpressively. It is primary term in which smalland medium firm to design system to verbalise quality unit and different services in marketplacein respect to competitors. SME's require to have sufficient resources such as funds, equipments1
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