Planning for Growth: Analyzing Considerations, Evaluating Opportunities, and Designing a Business Plan for RIO TINTO

Planning for growth

Table of Contents
INTRODUCTION ..........................................................................................................................4
TASK ..............................................................................................................................................5
P1 Analyze key considerations for evaluating growth opportunities and justify these
considerations within an organizational context.........................................................................5
P2 Evaluate the opportunities for growth applying Ansoff’s growth vector matrix...................8
M1 Discuss the options for growth using a range of analytical frameworks to demonstrate the
understanding of competitive advantage within an organizational context................................9
D1 Critically evaluate specific options and pathways for growth, taking into account the risks
of each option and how they can be mitigated............................................................................9
P3 Assess the potential sources of funding available to businesses and discuss benefits and
drawbacks of each source............................................................................................................9
M2 Evaluate potential sources of funding and justification for the adoption of an appropriate
source of funding for a given organizational context................................................................11
D2 Critically evaluate potential sources of funding with justified argument for the adoption of
a particular source or combination of sources based on organizational need...........................11
P4 Design a business plan for growth that includes financial information and strategic
objectives for scaling up of business.........................................................................................12
...................................................................................................................................................14
...................................................................................................................................................14
M3 Develop an appropriate and detailed business plan for growth and securing investment,
setting out strategic objectives, strategies and appropriate frameworks for achieving
objectives...................................................................................................................................15
D3 Present a coherent and in depth business plan that demonstrates knowledge and
understanding of how to formulate,apply and achieve business objectives successfully.........15
P5 Assess exit or succession options for a small business explaining the benefits and
drawbacks of each option..........................................................................................................15
M4 Evaluate exit or succession points for a small business comparing and contrasting the
options and making valid recommendations.............................................................................16

D4 Provide critical evaluation of the exit or succession options for a small business and
decide an appropriate course of action with justified recommendations to support
implementation..........................................................................................................................17
CONCLUSION .............................................................................................................................17
REFERENCES..............................................................................................................................18

INTRODUCTION
A systematic document that provides the brief about ambitions for the future of business is
portrayed as a business growth plan. Further the plan covers the current position of the business,
what it wants to become in future and a proper plan to achieve the vision. The reason for
emerging need of business growth plan can be that business is facing low sales, customer
retention loss and increment in competition. Apart from constant sales and increasing profits,
organisation pursue other goals like growth. By following this plan companies are able to
measure the success regularly. In context to RIO TINTO, which is an MNC with the world’s
second largest metals and mining cooperation, the report will cover the factors that are required
to be analysed with respect to growth opportunities. Also it requires an application of Ansoff
growth matrix in order to manifest the opportunities available with the companies. In addition,
the report will also cover the sources of finance used by the company along with it the pros and
cons associated with it. Further the report will prescribe the business growth plan of RIO TINTO
that will be providing an insight into the goals and financial information of the company.
TASK
P1 Analyze key considerations for evaluating growth opportunities and justify these
considerations within an organizational context
The growth opportunities can be evaluated by using PESTEL framework in order to analyze the
external factors that affect the organization and PORTER strategies that will provide the
overview of internal and external implications that affect the operation and help in evaluation of
growth opportunities (Ansari, Kant and Shankar, 2020). Discussing each framework separately
in order to see the impact of same on the RIO TINTO-
PESTEL Analysis-
It is an abbreviation that is used to examine the external factors that demonstrate the environment
in which the RIO TINTO is conducting its operations or planning to conduct the same. Each
element of the analysis provides the comprehensive view of the environment of company from
distinct angles with the aim of trailing the plan. This is an extended version of SWOT analysis.
In context to RIO TINTO, the pestle analysis is described as-