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Planning for Growth INTRODUCTION

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Added on  2020-12-10

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Planning for Growth INTRODUCTION 1 TASK 11 P1 Analyse key considerations for evaluating growth opportunities1 P2 Evaluate the opportunities for growth applying Ansoff’s growth vector matrix et.5 TASK 28 P3 Potential sources of funding 8 TASK 310 P4 Design a business plan 10 TASK 412 P5 Assess exit or succession options for a small business 12 CONCLUSION 14 REFRENCES15 INTRODUCTION Planning for growth refers to preparation of an effective as well as efficient business

Planning for Growth INTRODUCTION

   Added on 2020-12-10

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Planning for Growth
Planning for Growth INTRODUCTION_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1P1 Analyse key considerations for evaluating growth opportunities.....................................1P2 Evaluate the opportunities for growth applying Ansoff’s growth vector matrix..............5TASK 2 ...........................................................................................................................................8P3 Potential sources of funding.............................................................................................8TASK 3 .........................................................................................................................................10P4 Design a business plan....................................................................................................10TASK 4..........................................................................................................................................12P5 Assess exit or succession options for a small business...................................................12CONCLUSION..............................................................................................................................14REFRENCES.................................................................................................................................15
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INTRODUCTIONPlanning for growth refers to preparation of an effective as well as efficient business planof action which can be followed to get better growth successfully. It is all about to strategicbusiness activities that allows people to conduct their business entity to attain desiredproductivity and profitability on regular basis. It is necessary to build an appropriate plan ofaction which provides correct direction and facilitate to achieve growth of business successfully(Barbour and Deakin, 2012). This report is based on Fordway Solutions that deals in informationtechnology consultancy activities and provides supply, installation and support of computersystems, software and computer networks. It was founded in year 1991 and headquartered inSurrey, UK. This assignment will discuss about key considerations for evaluating growthopportunities along with applying Ansoff's growth vector matrix. It will also include discussionof potential sources of funding and design of business plan for achieving growth. The exit orsuccession options for a small business along with benefits and drawbacks is given below.TASK 1 P1 Analyse key considerations for evaluating growth opportunitiesThere are different types of opportunities and risks that are introduced in marketaccording to various trends that are helpful for companies to attain better profitability. It isnecessary to carrying out an effective as well as efficient research of market scenariosaccordingly. This will help to determine possible problems and chances to gain better profits foran organisation (Beatley, 2014). In case of Fordway Solutions, they can also follow new trend ofinnovative or advanced technology to boost up standards of their services to attract new customeralong with retaining the current ones properly for achieving better growth of business. It isobserved that several key considerations are there which are supportive to evaluate growthopportunities for the Fordway Solutions that are discussed below:Competitive advantageThe company is required to make effective and unique strategies that helps in improvingtheir brand image in market in front of customers to gain more clients for organisation along withdesired benefits. It is considered as major factor which is necessary to be focussed to attaingrowth of business. Fordway Solutions is required to build more efficient planning to carryingout operational activities for increasing profitability. 1
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