Planning For Growth

Planning For Growth

Table of Contents
INTRODUCTION .........................................................................................................................3
TASK 1...........................................................................................................................................3
Key considerations for growth within SME's............................................................................3
Evaluation of the opportunities for advantage within an organisational growth applying
Ansoff’s growth vector matrix...................................................................................................6
Options for growth.....................................................................................................................6
Options and pathways for growth..............................................................................................7
TASK 2...........................................................................................................................................7
Assessment of the potential sources of funding available to businesses ..................................7
TASK 3...........................................................................................................................................9
Designing a business plan for growth........................................................................................9
TASK 4.........................................................................................................................................12
Assessment of Exit & Succession Options for Small Business...............................................12
CONCLUSION ...........................................................................................................................14
REFERENCES.............................................................................................................................15

INTRODUCTION
Growth planning is defined as the intensity of strategic plan of business which is helpful
in tracking business expansion and growth so that to meet their ultimate objective of earning
high profits and sustainability. This is helpful for the company in prioritising their resources on
the basis of requirements which h is helpful for the business in attaining competitive advantage
and acquire high customers (Biddle and Taylor, 2018) The growth planning is vital as it uses
strategic approaches in which assistance is provided to the business for enhancing sales and
utilisation of resources in proper manner. The major objective of business is to earn profit and
establish proper working so that high sustainability can be achieved. In order to understand
these concepts which are associated with planning for growth, Knights and Dukes is taken
which is a real estate agency in London. This report is emphasising on various concepts such as
growth opportunities, business plan and success or exit options. Similarly various pathways are
associated with this report those can help the business in acquiring their future options through
which growth options can be ascertained.
TASK 1
Key considerations for growth within SME's
For a business organisation there are various dimensions which are to be undertaken by
business in which growth options can be inculcated and sustainability can be attained as well
(Baschat, 2018). On the other side it is required by Knights and Dukes that they analyse external
environment in prominent manner so that growth opportunities can be inhaled by them. External
analysis of Knights and Dukes is elaborated as under:
PESTLE analysis
PESTLE analysis is a framework which is used to examine external factors of the
business which are having high impact over business. For Knights and Dukes this framework is
elaborated as under:
Political factors: These factors are defined as political stability of the country through
which governmental intervention is acknowledged by businesses. In UK political instability is
seen due to implications of Brexit and this is impacting UK businesses in negative manner.
Brexit is associated with separation of UK form European union and this is creating high
complexity in business running in UK. In the background of Knights and Dukes the company is

operating their business in providing real estate services and this factor is highly impacting their
business as the due to uncertainty about Brexit decision the company is not able to manage their
company in optimum manner.
Economic factors: These factors are related with economic condition of country such as
inflation rate, employment rate, foreign exchange are and many more. UK is a stable country
and this factor is positivity impacting their businesses (Cleberg, 2019). UK is having high
employment ratio due to which per capita income is average and this is having positive
implications on business of Knights and Dukes. Being a real estate agency huge clientele is
prepared by the company due to high per capita income. Knights and Dukes is benefited from
this factor as they can place their services within marketplace in prominent manner which lead
them to earn high profit and prominence as well.
Social factor: This factor is related with taste and preferences of customer, as the
customers are driver for any business and any new offerings are inculcated in order to meet
wants and demands of customers. In UK customer are emerged with their choices and they are
prone to use new feature or offerings. In order to upkeep this factor Knights and Dukes is
updating their offerings so that to meet customer wants and demands of priority basis. This is
giving the company additional advantage which is providing them opportunities to sustain and
acquire growth opportunities as well.
Technological factor: This aspect is associated with usage of technological
advancement in business so that to remain technological update and boost up sales and
profitability as well. Population of UK are prone to use new technology and this provides
additional edge to Knights and Dukes in updating their technology so that they can acquire
more customer and enhance their customer base. This factor is essential for the company as with
the help of using new technology in business they can deal with their rivals due to which
competitive edge can be attained by them.
Legal factor: This factor is related with applicability of various laws and legal
obligations which are required to be undertaken in the business so that to avoid any legal
complications and interruptions which may provide negative effect to the business. In UK
government is very rigid in law applicability such as employment act, safety act. For Knights
and Dukes this factor is having high implications as they enforce employment act and safety