Planning for Growth: Evaluating Progress Opportunities and Business Plan Development

Planning for Growth

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Key considerations for evaluating progress opportunities and justification based on these
within company context..............................................................................................................3
Chances for growth by applying Ansoff's growth vector matrix................................................7
Discussion based on options in context of business growth.......................................................9
TASK 2..........................................................................................................................................10
Development of business plan for business growth that includes financial data and strategic
objectives for scaling up chosen venture..................................................................................10
Detailed business plan for securing investment, setting out strategic aim, tactics and
frameworks................................................................................................................................14
Business plan that demonstrate understanding of formulation, application and achievement of
business objectives....................................................................................................................14
TASK 3..........................................................................................................................................14
Exit or succession options for a small venture..........................................................................14
Evaluation based on succession or exit options for company...................................................16
Critical evaluation based on options and appropriate course of action with clarified
suggestions................................................................................................................................17
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................18

INTRODUCTION
Planning for growth may define as important and useful strategic activity that makes a
company able to plan & measure actual growth in their profits and revenues. This act provides a
lot of benefits to small or large organizations, as it permit them to allocate its limited assets
toward an essential attempts to adapt to changes in specific sector driven by differentiate from
rivals & digital disruption. The current assignment will be based on Oak Cash & Carry, which
falls under list of the top 100 successful small-medium size ventures in the UK. It provides cash
& carry services to consumers such as caterers, off-licences and offices, with wide range of
goods in bulk. This study will explain important considerations in regard to growth by
evaluating progress opportunities and will also define chances for growth by applying Ansoff's
Growth vector matrix. It will describe the development of appropriate business plan in
organizational context that encompasses financial information & strategic objectives.
Furthermore, this report will clarify exist or succession options for chosen company and define
its benefits as well as drawbacks. It will explain evaluation based on exit or succession options
by comparing them with each other and then define valid suggestion based on overall
comparison.
TASK 1
Key considerations for evaluating progress opportunities and justification based on these within
company context
Oak cash & carry Ltd, is one of the smallest and successful grocery wholesalers in the
United Kingdom (Rantanen, Grant and Piotrowicz, 2017). It has successfully managed its small
venture within food wholesalers sector with 54 workers, who have made an effective
contribution in the context of generating revenue. Just like other small companies, Oak Cash &
Carry also want to grow its business and for that, they may consider growth opportunities in
market. In the world of business, there are different forms of tools, frameworks and models are
accessible that firm may use to evaluate and examine opportunities relate to excellent success
and progress of its small venture.
Resource based view-
This model is considered as managerial concept or framework that many companies
have been utilized to identify strategic resources that they may use to achieve sustainable

competitive edge (Assensoh-Kodua, 2019). VRIO is an important part of this concept,
which apply in context of Oak cash & carry Ltd, it supports in process of considering
growth chances within sector.
Basis Value Rare Imitate Organization
Products Yes No Yes Yes
Innovative
technology
Yes Yes Yes No
Management Yes No Yes Yes
Brand image Yes Yes No Yes
Value-
The products that Oak Cash & Carry Ltd, offers to its consumers, innovative technology
which company used, brand image and management which it has, are all valuable for
organization. It may use all these things to gain competitive advantages and to become a market
leader. All these resources are valuable for the company as it helps to expand its venture across
the region, which may consider as growth opportunity.
Rare-
As described in the above table, innovation and brand image are included in the category
of rare things because many firms may not have these resources, which makes them unable to
grow venture. Oak Cash and Carry Ltd, has a good brand image in market and it also uses
innovative technology, which enables them to grow its business even better than other small
organizations that have operated in a similar sector.
Imitate-
Other firms may easily imitate products and advanced technologies, which they utilized
to gain profit and benefit in terms of business growth. It happens when chosen firm does not use
a trademark and other IP tools such as a patent.
Organization-