Planning for growth

Planning for Growth

Table of Contents
INTRODUCTION...........................................................................................................................1
Section A..........................................................................................................................................1
TASK 1............................................................................................................................................1
Key considerations for growth.....................................................................................................1
Identification of opportunities for growth....................................................................................3
Options for growth.......................................................................................................................5
Options and pathways for growth................................................................................................5
TASK 2............................................................................................................................................1
Develop coherent and in-depth business plan that helps in demonstration knowledge and
understanding how to formulate for achieving business objectives ..........................................1
TASK 3............................................................................................................................................4
Assessing various exit or succession options for small business along with benefits and
drawbacks of each option.............................................................................................................4
Evaluation of exit or succession options addition to making valid recommendations................6
Critical evaluation of succession or exit options for the company and justified
recommendations for supporting implementation.......................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Planning for growth refers to a strategic activity which is done by the management of the
organizations in order to ensure that the firm is able to achieve sustainable growth in the future
time period with the use of correct techniques and methods (Abolhasani and et.al., 2016). Thus
there should be right short-term and long-term plans developed by the management so that they
can ensure and plan for growth. There is a requirement for the organizations to make sure that
they are able to apply them accurately for achieving higher-level of growth in the future time
period. For this report, Knights and Dukes Homes has been considered. It is a real-estate agency
operating in London, United Kingdom. In this report the different techniques for the achievement
of growth will be discussed. It will cover analysis of the considerations which the SMEs are
required to consider for the evaluation of growth opportunities, development of business plan .
Also, the exit or succession options which are available for a particular business will be
discussed as a part of this assignment.
Section A
TASK 1
Key considerations for growth
There are different types of considerations which are required to be considered by the
organization so that higher-level of growth can be achieved in the future time period. For
identifying them McKinsey's 7s framework can be used. The analysis of this framework is as
follows-
McKinsey's 7s framework-
This framework can be used by the organizations so that they are able to determine the
various factors within their processes which put an influence on its growth in the future
(Colantoni and et.al., 2016). These factors are discussed as follows-
 Strategy- There is a requirement for the organizations to make sure that they are able to
use the correct strategies for the future. They must look forward to their competitors and
make sure that they make use of the right strategy. In the context of Knights and Dukes
Homes it is crucial to frame a right strategy for achieving growth. In this way it can be
ensured that the correct approach will be used.
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 Structure- An organization is required to make sure that it selects the right structure. In
the context of Knights and Dukes Homes there is a requirement to select the correct
structure so that the right level of efficiency and effectiveness can be maintained.
 Systems- A company should make sure that correct systems must be used so that the
level of efficiency and effectiveness can be maintained easily without issues and
problems. For Knights and Dukes Homes, it is essential that the correct systems can be
used by it so that it can consider the right path for achieving growth.
 Shared values- In a firm there are different types of shared values which form a part of
its processes. In the context of Knights and Dukes Homes, it is crucial to ensure that these
values are considered in the right manner by the organization. This is so because by using
them it will be able to achieve growth.
 Skills- It means the types of competencies which are displayed by the companies so that
they are able to achieve the desired level of growth (DODDS, DIMANCHE and
SADOWSKI, 2018). In Knights and Dukes Homes it is required that these skills should
be considered so that growth plans can be made.
 Style- It means the method of operation which is used by the companies. In the context of
Knights and Dukes Homes it is required that they adopt a particular style which can help
them a lot for the framing of growth plans.
 Staff- It refers to the employees of the organization. For Knights and Dukes Homes it is
essential that the workers display their effective and efficient qualities which will
certainly help the company so that it can achieve higher growth in the future time period.
Bowman's strategic clock-
Bowman's strategic clock identifies the different types of strategic positions which a
company can undertake so that it is able to use the best option for the purpose of achievement of
higher growth in the future time period (Grooms and Frimpong Boamah, 2018). The various
positions which are available under it are as follows-
Low Price and Low Value Added ( Position 1 )- In this position, the company
introduces those products which are priced at a lower price and create a low value for it. This
position is not suitable for a company like Knights and Dukes Homes as it can lead towards loss
of market share for it.
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