Planning for Growth Assignment - Southern business technologies

Added on - 22 Nov 2020

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Planning forgrowth
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1Analysis the key consideration framework for gaining competitive advantage.........................1LO 2.................................................................................................................................................4Sources of funds and their implications to the businesses..........................................................4LO 3.................................................................................................................................................7Business plan...............................................................................................................................7LO 4.................................................................................................................................................9Exiting strategy...........................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES.............................................................................................................................12
INTRODUCTIONPlanning growth is a strategic business activity that enables business owners to plan andtrack organic growth in their revenue. This helps business to relocate their limited resourcestowards a centered effort to adapt to changes that brings new method and environment within thebusiness functional growth. Planning is the most challenging and long lasting effect. It will alsomake clear and long lasting effects in order to make the best approachable target goals. Presentstudy will be based on planning for the growth (Altbach, 2015).For that, Southern businesstechnologies limited will be taken into action which is the telecoms service provider company inUK. they having the main goal to become world’s largest source of private company informationprovider. Furthermore, for taking this study forward, it explains key considerations for thegrowth options and key sources of funds. Besides, for making business plan for the study, it ishighly required to take the best tool of planning. This helps to make business sustain in themarket in long term duration. It also helps to provide the best effective source tool. Planning fordevelopment is productive for organization growth in order to make the bestapproachable targetgoals.LO 1Analysing the key consideration framework for gaining competitive advantageCompetitive AdvantageIt is the situation or condition that helps to allow country and company to produce goodsand services at same level or prices in order to gain the customer desirable position (Grayson andHodges, 2017).This condition shows the better quality of products and services as well ascompany’s development. Competitive advantage is the tool or techniques to rebuild the businessfunctional activities in order to gain the business opportunities and threats. Besides, it also helpsto grow up the chances towards the new level of production (Bruton and et.al., 2015). Throughcompany can easily identify their new competitive strategist for the business growth.Besides, competitive advantage helps to contribute the efforts that makes proper andimpact full decision making approach on the business activities. Efficient internal system andgeographic location can also create comparative advantage.In order to analyze the bestapproachable and task making performance level of work.In order to analyze competitive1
advantage, company inevitably to adopt some models and growth in order to meetthe needs oforganization (Fravel, 2015).Generic strategiesThis model or strategy will be helpful for company to identify competitive advantageacross its chosen marketscope. There are mainly includes four strategic strategies that are lowercost, differentiated or focus (Burns and Dewhurst, eds., 2016).Southern business technologiescan take the help from this model in order to identify new possibilities of growth in terms ofprofit or business by identifying the best market opportunities.Cost leadershipIt is the first and foremost strategy that firms set out to become low cost leader in themarket or among their competitors. Cost leadership strategy is often driven by the companyefficiency (Porter's Generic Competitive strategies, 2016). Through company can make goodcost or pricing strategies for their product and services. Once company gets the position on costleadership, it will be more beneficial for the company to take the involvement of new expansionareaDifferentiationDifferentiation is another competitive strategy in which firm seeks to be unique amongtheir competitors. This strategy makes organization different and product oriented that will bemore benefited for institution and their customers (Davis, 2015).This strategy will be gainingprice dominating. Through company can easily set their own prices according to its wants.FocusFocus defines the narrow competitive scope within an industry. In spite of that, focusrefers to the main segment or group in the industry. In focus strategy, there are two variantsinvolves, first is cost focus and second one is differentiation focus. In cost focus, companyseeking cost advantage from the industry and on the other hand, in differentiation companysearch or looking for the target segments. Along with that, it brings the new major challenges.PESTLE AnalysisPestle analysis model will be more helpful to analyze ups and downs of industry in orderto mitigate risk factors (Denton, Forsyth and MacLennan, 2017). Overall, it makes the action andbetter goals oriented activity. Apart from that, it brings the new major opportunity and goals.Political factor2
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