Planning for Growth Opportunity
16 Pages4645 Words489 Views
Added on 2020-10-23
Planning for Growth Opportunity
Added on 2020-10-23
ShareRelated Documents
PLANNING FOR GROWTH
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Major considerations for evaluating growth opportunity......................................................3P2 Growth opportunities by implementing Ansoff's growth matrix...........................................6TASK 2............................................................................................................................................8P3 Potential sources of finance available for enterprise.............................................................8TASK 3............................................................................................................................................9P4 Make a business plan for scaling up of enterprise.................................................................9TASK 4.........................................................................................................................................12P5 Succession or exit options od small business......................................................................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONPlanning is very essential part of every firms for accomplishing business functionsproperly. It will aid in determining of elements and make strategies as well as policies accordingto market situation (Planning for growth, 2017). Adopting these policies which are made bycompany will assist in meeting targets and objectives as well. In order to use advancedtechnology it will provide higher level of impact on creative or innovative ideas and enterpriseoperations. Unplugged catering is giving services of food as well as catering within UnitedKingdom. Its purpose is to formulate a plan and apply advanced technology within in food foodsystem. So, as to provide fast delivery and increases the growth opportunity of enterpriseactivities. In this report it covers the companies growth opportunities by applying latesttechnology within their workplace. Their are various sources of finance which are used byenterprise along with its advantages and disadvantages. TASK 1P1 Major considerations for evaluating growth opportunity Unplugged catering provide the various types of foods services like as fast food,breakfast, dinner and lunch in UK market. It will assist in grabbing market along with this alsohelp in achieving competitive benefits. Through giving quality of services it will aid in attractinghuge numbers of buyers towards their firms which will enhance the sales as well as profits of thecompany (Brinckmann, Grichnik and Kapsa, 2010). This will provide chances in growthopportunity of business activities in several others locations. It will enhance by developingunique food items according to buyers taste by adopting advanced techniques. Their are variousopportunities of growth are their for Unplugged catering in order to apply advanced digitaltechnology which are as follows: Competitive advantages: Organisation management are executing plans for implementing digitaltechnology while performing enterprise functions effectively. Every department of the firms willget the benefits of using advanced technology within their working environment. Manufacturingdivisions is having various opportunity to enhance the quality of food and use creative orinnovative ideas for preparing food as per customers taste. Marketing department can also adoptlatest techniques like as social media and internet will cover wide numbers of peoples.Accordingly, others department like as operational, HR and employees also get benefits of
adopting digital technology. It will help in providing best performance as compared to itscompetitors along with this aid in meeting competitive advantages. Porters generic model: This techniques aid new company how to pursue competitive benefits inan specific market. This model describes various tactics for a organisation to construct enterprisestructure. It involves four kinds of strategies which are given below: (Source:Porter's Generic Model, 2017)Cost leadership: In this, it describes the way by which small companies can get overfrom shortage of finance by using available resources in an effective manner. Its mainconcentration of Unplugged catering is to provide their services at low cost in order tograb attention of higher level of customers (Burton, 2010). Hence, it defines thesetechniques through which company can become cost leader within catering sector. Differentiation leadership: In this strategy it describes the management of Unpluggedcatering in order to make their services more different as well as unique from their rivals.It is an duty of supervisors to design portfolio in an effective way which help in attractingcustomers and aid them to take their services. Additionally, firms can provide jobs toIllustration 1: Porter's Generic Model
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
P1 Key considerations for evaluating the opportunity of growthlg...
|16
|4298
|364
(solved) Planning for Growth | Assignmentlg...
|13
|3929
|369
Planning for Growth Assignment - R&R Catering is being undertaken in this assignment.lg...
|15
|4032
|86
Planning for Growth Opportunities Assignmentlg...
|20
|5554
|210
(solution) Managing Successful Business: Assignmentlg...
|22
|4692
|205
P5 Analysing data and research by using techniques and toolslg...
|30
|5816
|320