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Planning for Growth of Organization Assignment

   

Added on  2020-10-05

19 Pages4874 Words481 Views
PLANNING FOR GROWTH

Table of ContentsINTRODUCTION...........................................................................................................................4LO 1.................................................................................................................................................4P1 Key considerations for evaluating growth opportunities for the organization......................4P2 Evaluating Opportunities for growth of the Organization.....................................................8LO 2...............................................................................................................................................10P3 Assessing Potential Sources of Funding available to the Organization...............................10LO 3...............................................................................................................................................12P4 Developing a Business Plan for the Organization...............................................................12LO 4...............................................................................................................................................14P5 Assessing exit or succession options for a small business...................................................14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16

Illustration IndexIllustration 1: Porter's Five Force Model.........................................................................................6Illustration 2: PESTLE Analysis......................................................................................................8Illustration 3: Ansoff Growth Matrix...............................................................................................9Illustration 4: Different sources of Funding...................................................................................12Illustration 5: Different Steps in a Business Plan..........................................................................14

INTRODUCTIONFor any organization it is very important to have a proper planning and managementwhether it is a small or big business. Planning is a tool which is used to formulate detailedplanning and strategies to achieve the targeted aim or objective for business. It helps to groworganization in targeted market. It is important for the company to do a lot of planning beforeimplementing any new ideas into the management system. Planning helps an organization to achieve its goals. Proper planning will help them tomanage the risk factor and uncertainty in the business. It will also ensure to build a strong teamin the firm and create a competitive environment for them. This report will discuss key analysisfor growth opportunities for an organization. It will also focus on various methods of fundingavailable and will analyze its benefits and drawbacks and developing a business plan for the firmwhich can help the organization to increase its sales and services in the target industry.LO 1P1 Key considerations for evaluating growth opportunities for the organizationFor Atex Media Company, it is very important for them to maintain competitiveenvironment for their employees to make them work more effectively. It will help them in theexpansion of their business in the market. Core competency is the ability of a company to dowell in the respective tasks. For example, the core competency of Atex media is the ability toprovide software services to their customers and make them satisfied. Core competency is whatever the organization does which helps to generate good revenue as aresult.This could be the same for others in the same industry.Whereas, a competitive environment can help the company in providing better service orproduct to their clients, when compared to others which has the same core competency in themarket.Superior core competency is a competitive advantage for the organization to have(Bridge, and Dodds, 2018). There are so many benefits of competitive advantage, for example:It will boost the company to deliver a good service to their customers,Helps to become a popular brand by advertising in different fields,A good reputation in the market, mostly due to their past services,Loyalty toward their customers. There are so many strategies which Apex Media can apply to evaluate their strengths andopportunities that are available in the business. It will help them in the expansion in the target

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