Planning for growth of Pavestone UK limited with ansoff's growth matrix
Added on 2020-12-18
23 Pages5536 Words492 Views
PLANNING FOR GROWTH
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Key Elements for growth opportunities to Pavestone UK limited....................................1P2 Ascertainment of growth opportunities by implicating Ansoff's growth matrix..............5LO2..................................................................................................................................................8P3 Determining the potential sources of funding for Pavestone UK limited with pros and cons................................................................................................................................................8LO3................................................................................................................................................10P4 Identifying a business plan along with its financials.......................................................10LO4................................................................................................................................................18P5 Discussing exit strategies available to business along with advantages and disadvantages..............................................................................................................................................18CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21
INTRODUCTIONStrategic plans and operational management of an entity seeks for suitable decision-making, which improve the operational quality. Pavestone UK limited is approaching towards asuccessive plan in relation with improving efficiency, productivity, market coverage as well asimproving the capital structure by attracting large numbers of investors. This report will suggest satisfactory techniques to be implicated by professionals ofPavestone UK limited in relation with improving the operational plans and policies. Suggesting asuitable technique will be helpful in bringing the adequate control costs and develops a strongcapital structure.LO 1P1 Key Elements for growth opportunities to Pavestone UK limitedTo develop organisational structure as well as operational framework is required to haveaccurate decisions in relation with retaining satisfactory profitability on which professionals. Aninternal audit is required as per analysing strengths and mechanism of business operations, whichwill lead it to have appropriate revenue generation (Campbell, 2017). However, to analyse tstrengths and operational viabilities if Pavestone UK Limited, there will be use of varioustechniques such as:Porter's generic strategies: As per ascertaining the operational structure as well as management of variousoperations, there are various strategic techniques, which will approach towards funnellingprofessionals in making adequate analysis over market and organisational strategies. To be more competitive among the competitors stated in the market, there will berequirements of appropriate strategies and plans which brings the effective challenges to them.1
Illustration 1: Porter's generic strategiesSource: (Porter’s Generic Strategies, 2014)Costleadership: To be more competitive among the external market and the rivalries ofthe firm, there are requirements of having adequate policies and plans, which in turn will beuseful and appropriate as per making suitable plans for operations (Gurcaylilar-Yenidogan andAksoy, 2018). Process over each products and services needed to be efficient for consumers aswell as challenging for competitors. It comprised with adequate execution and control expenses,managing quality as well as analysing market competition.Cost Focus:It ascertains that the business must have appropriate analysis over marketand internal operational scenario. A proper determination of all facts will be helpful in analysingcosts advantages and appropriate management of operations. Pavestone UK Limited generally,deals concrete and stone manufacturing products which is required to have appropriate pricingstructure as well as professionals are required to be more price focused (Ahmed and Ahmed,2018).Differentiation: there is needed to have appropriate leadership strategies such as productsare needed to be unique, best in quality, appropriate branding as well as implication of suitablepromotional plans (Pahl, 2018). Thus, these are the unique features which are to beacknowledged by the professionals of Pavestone UK Limited in context with creating an identityin the market.2
Differentiation Focus: Analysing buyer's needs and wants are the prime requirementsand wants of the professionals which will be adequate effective in terms of generating thesuitable amount of revenue in the market (Campbell, 2017). It can be said that there will berequirements of appropriate revenue generation and plans for future developments in PavestoneUK Limited.PESTLE analysis of Pavestone UK LimitedPESTLE is an abbreviated form for political, economic, social, technological, legal andenvironmental factors that may affect the organization (Demir, Wennberg and McKelvie, 2017).It is used for Pavestone Company and its objectives are to identify how the external surroundingsaffect the industry. Following PESTLE factors of Pave Stone are as under-FactorsDescription1- Political FactorsThe political factors, which can impact thePavestone construction company, are regardingtaking the permission for documentation,which are mandatory for various levels ofconstruction. For instance- change in tax orduty, which may result in a change of therevenue structure of the organization. Thegovernment may inflict these rules on everyindustry. 2- Economic Factors-Economic factors include the form ofeconomic function and the impact it has on theworking of the organization. An increase inrate of inflation may affect the economy of setprice of the company. Economic factorsincludes inflation rate, growth rate, foreignexchange rate, patterns, etc. 3- Social Factors-Social factors include all the events that mayimpact on market nearby the residential areaswhere the construction is happening. This3
includes change in environment such aspollution, global warming, career altitudes,norms cultural expectations etc. 4- Technological Factors-These are the factors which are considered ininnovation and latest technology, which canaffect the Pavestone working in the dynamicscenario.5- Legal Factors-There are certain laws, which may change theexternal environment of company and alsothere are a number of policies which thecompany keeps for itself.6- Environmental Factors –These are the factors, which includes an areasurroundings, atmosphere etc. it mostlyconsiders the business environment, it consistsbut is not restricted to the weather, the climate,the global changes in climate, the groundconditions, environmental offsetJustification:Ascertaining the opportunities which are being listed in the above listed analysis onwhich it can be said that Pavestone UK Limited must implicate porter’s generic strategy whichwill be applicable and adequate in relation with having profitable growth in the coming time.Elements which are listed in the analysis such as cost focus, leadership, differentiation anddifferentiation focus which will be helpful in uplifting the operational level of the business.Professionals will have soothing way on which they could generate adequate information fromthe market as per developing various strategies and planning for better development.Growth strategies for Pavestone UK Limited:Considering the operational framework of the Pavestone UK limited on which it can besaid that there is needed to have appropriate managements all the operations which will bring4
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