Planning for growth - Oak cash & carry Ltd Assignment
Added on 2021-01-02
17 Pages4992 Words417 Views
FinanceLeadership Management
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Planning for growth
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Key consideration for evaluating growth opportunities and justify these considerations.....1P2 Opportunities for growth by applying Ansoffs growth vector matrix ..................................4TASK 2............................................................................................................................................5P3 Potential sources of funding available to businesses and discuss benefits and drawbacks...5TASK 3............................................................................................................................................7P4 Design business plan for growth that includes financial information and strategicobjectives.....................................................................................................................................7TASK 4..........................................................................................................................................10P5 Assess exit or succession options for a small business explaining the benefits anddrawbacks .................................................................................................................................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONPlanning is very necessary activities in every sector of business doing and also one mostprominent to growth and development of the company. In context of business growth, doing aneffective planning is very necessary to led its suitability for longer period of time. In a currentscenario of business operation, growth building is necessary and also the prominent stage fordoing business functioning (Keyser, 2016). In a current scenario, business expansion is comesunder the category of doing planning for growth and also business generation over longer periodof time.This report will be carry on Oak cash & carry Ltd, which provides cash and carry service.This company offers wide range of products in bulk for retailers, caterer, offices off licenseesand newspaper agents. This business firm is headquartered in United Kingdom. Apart from this,report will be carry on key consideration for an evaluation of growth based opportunities alongwith evaluation of an opportunities by application of the Ans-off matrix. Also, report will havemajor discussion over finding potential sources, structuring of the business plan and assessing ofan exit or succession options for small businesses and related drawbacks.
TASK 1P1 Key consideration for evaluating growth opportunities and justify these considerations Planning play a important role in achieving the goal of the organisation. In this analysingthe current operations and consider the factor where they can improve future. Growth of businessis about reaches to the highest level of expansion and consider point to generate profit.Competitive advantage:This is the position from which organisation helps in becoming more profitable than thecompetitors. In this there is many different resources that is required to perform businessoperations which seek to attain target (Mobin, 2016). Oak Cash & Carry has various factor that isuseful in the growth of business operations. For achieving competitive advantages , there aresome elements that are explain below:Resources: This the tool which is tangible and core basic part of the organisation. This isthe tool which differentiate their product from others. Oak Cash & Carry use new updatetechnology and design to achieving competitive advantage.Capabilities: In Oak Cash & Carry they have highly skilled employee and they havegreat capability. This help this organisation to achieve its goals and objectives.Core competencies: This is the combination of of multiple resources and skill which isdifferent from there competitors. Oak Cash & Carry preferred highly skilled worker andtechnology that help in production to save time and money.Porter generic model :For the growth of small scale industry organisation use different framework for gainingcompetitive advantages. For this organisation need to determine its direction or strategy. Michaelporter uses 4 strategies that an organisation can select from. He believes that a company requisitechoose a clear course in order to beat the competition . The four strategies to choose from areexplain below:Cost leadership: This leadership is define as traditional method to achieve its objectiveof producing product on large scale that enables business to exploit economies of scale. Thistarget on a broad market and offer lowest possible price. In this organisation need to keep costsas low as possible (Shi and et. al., 2012). Company make sure that they have larger market share
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