Planning for Growth Opportunities – Assignment

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Planning for Growth
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Key considerations for the growth of the RL Maynard Limited...........................................1P2 Opportunities of the growth by applying the Ansoff Matrix.................................................3TASK 2............................................................................................................................................5P 3. Potential sources of funding available to business and its advantages and disadvantages..5TASK 3............................................................................................................................................7P4 Drafting business plan for the purpose of growth which consist of financial informationalong with strategic objectives for increasing productivity of business.....................................7TASK 4..........................................................................................................................................11P5 Representing various strategies of exit which are available in specific business with itsmerits and demerits...................................................................................................................11CONCLUSION.............................................................................................................................12REFERENCES.............................................................................................................................13
INTRODUCTIONPlanning for growth means company is making the strategyin order to development.Business for growth and development. . In this scenario RL Maynard Limited company is taken.The company was founded in the 22 March 1973. It is the private limited organisation thatengaged in the property construction and development. . This report will study about the keyconsiderations for evaluating growth opportunities of RL Maynard Limited. The report willdiscuss determining the growth opportunities by applying Ansoff Matrix. The report will alsoprovide information about various sources of funding which are needed by RL Maynard Limited.This assignment will discuss about the business plan which gives information of the financialand strategic objectives for the growth of RL Maynard Limited. This report will discuss aboutthe exit plan or succession options for small business along with its advantages anddisadvantages.TASK 1P1 Key considerations for the growth of the RL Maynard LimitedFor reviewing growth of the businesses it needs to determine the macro environmentalfactors which influences construction business. Macro factors directly impact the business. Itfacilitates in gaining competitive advantage of the business. PESTLE Analysis will be done toidentify the change in the business environment. Factors include under this are Political, Social,Economical, Technological, Legal, and Environmental.Political Factors- This factor include the changes made in the rules made by thegovernment. It includes the tax policy, tariffs, political stability of the business, foreign policy,labour law, environmental law, trade restrictions, corruption of the businesses. Rules made bythe UK government is very strict. RL Maynard affects by the political stability of thebusiness(MayerKnafl Fitzpatrick and Nevidjon, 2018) .Economic Factors- this factor impacts directly on the firm. Changes in the interest ratesof the business has long termed impact on the business .It includes the fiscal policy, economicrate, exchange rates, inflation rate, interest rate, disposable income of consumer and theunemployment. This factor is responsible for the economic performance of the business. Impactof these factors has long termed on the RL Maynard Limited. This directly affects on the price,product of the company. In UK rules economic situation of the company is stable which helps inflourishing the entity. If at the time of inflation all commodity prices rise which makes the
company to down fall the prices because buying capacity of the consumer is low at this time. Byfalling the prices sales of the company will increase.Social Factor-under this factor which includes cultural, demographics, norms, customs,age ,gender, income distribution, safety, health, lifestyle, attitude etc. these factors facilitate thesellers in aiming of the consumer of the product. In UK food habits of the person, taste andpreference and many more which is affecting the firm. With the support of the social factors onlycompany will reach to the new heights of the entity. Like the RL Maynard Limited is aiming thecontractors and other persons who need it.Technological Factors- with the helps of the innovating technology company can growwell. With the use of the advanced technology of the business of the RL Maynard Limited isrunning smoothly. This factor includes the automation, research and development, technologicalchange and development. In UK is very advanced in the sense of the technology.Mostly workof the companies are online which is helping the company in doing its business with ease andbefore time. In order to set by the target by technology of the business(MayerKnafl Fitzpatrickand Nevidjon, 2018).Legal Factor- under this factor includes the change in the law legislation which is madeby the government. It can be change in the labour law, consumer protection law, copy right andpatent law, health and safety law. Management of company must know to do the businessethically. In UK following of the laws is necessary for the business. UK is very strict infollowing of the laws fore doing the business ethically. For the growth of the business there isneed to be aware about the laws for future purpose. It helps in gaining the competitive advantage.Under these laws are follwed by the company is Environment Act 1975.Environmental Factor- in this factor includes the weather, climate, climatic change ofthe businesses which is affecting the tourism, farming, insurance sector. Now most of the peopleare aware of the responsibility towards the society and environment. This also impacts on theworking criteria of the business. Many of the companies are following the CSR activities whichhelps the entity in making of the image in front of market. UK is taking care that all thecompany makes sure that follow the rule which are made for the conserving the environment.Raw material which are taken by society is responsibilities of the entity to return it back to thesociety. in this RL Maynard is fulfilling the all the responsibilities towards the environment.Porter generic strategy
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