Assignment on Planning for Growth Pdf
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Added on 2020-10-22
Assignment on Planning for Growth Pdf
Added on 2020-10-22
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PLANNING FOR GROWTH
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Key considerations for evaluating growth opportunities..................................................1P2 Evaluate the growth opportunities through Ansoff Matrix...............................................4TASK 2............................................................................................................................................6P3 Potential sources of funding..............................................................................................6TASK 3............................................................................................................................................7P4 Design a business plan for growth....................................................................................7TASK 4..........................................................................................................................................10P5 Assess exit or succession options for a small business...................................................10CONCLUSION..............................................................................................................................11REFRENCES.................................................................................................................................12
INTRODUCTIONEntrepreneurs are considered as one of the beneficial element that plays a role in growthand development in economy of nation. Further, in order to take business into next level there aredifferent kind of strategies that can be adopted by company for getting success (Beatley, 2014)(Chen and et. al., 2014) . Moreover, it is required that a proper planning is made on a regularbasis so as to achieve goal and objectives. Company which is taken in this assignment is CharliePharmaceutical, that supply Disease Surveillance Kits to various Health care organisations andinstitutions in United Kingdom. To attain growth cited organisation decided grab the contractprovided by public health England. They bid for attain the contact regarding supply of diseasesurveillance kits. Bidding amount that was there with company was of £20,000 and rest they willborrow form different financial sources.Present report will focus on key considerations SMEsthat must be consider while evaluating growth opportunities. Other than this, various methodsthrough which organisations can access funding are included and when to use different types offunding are also mentioned in this assignment. In addition to this a business plan is beingdeveloped so as to intend scaling up business in included in this report.TASK 1P1 Key considerations for evaluating growth opportunitiesIn order to increase and develop in market area it is crucial that management of companytake some key factors into consideration. Through business expansion firm can further improveits sales and profitability which will gradually generate more and more revenues. In context withCharlie Pharmaceutical, have thought of considering external factors which can help company intaking firm in better position at market area. Henceforth, it is crucial for new and small businessto plan and make strategies by determining factors which can have positive or negative impacton business (Eddleston and et. al. , 2013) . Moreover, there are certain key consideration whichcompany can adopt for operating its business in an effective manner:Competitive analysis: This is considered as one of the important part of businesspanning, it assist firm in analysing ways through which company can make innovative andunique products, so as to gain competitive advancement. In terms of Charlie Pharmaceutical, forimproving their business they have adopted Porter's generic strategy, which will assist companyin identifying their core competitors, and other rival firms. Therefore, it can be said that1
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