Planning for Growth
Added on 2020-11-12
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Planning for Growth
Table of ContentsINTRODUCTION...........................................................................................................................1P1. Analyse key evaluation for opportunities and justify these considerations within anorganisational context.................................................................................................................1P2 . Evaluate opportunities for growth applying Ansoff’s growth vector matrix.......................3P3.Sources of fund available to business and their benefit and drawbacks................................4P4 Business plan for growth.......................................................................................................6P5. Explain exit or succession options for SME's and their benefits and drawbacks...............8CONCLUSIONS-............................................................................................................................9REFERENCES..............................................................................................................................11
INTRODUCTIONPlanning for growth is a primarily concerned for every business organization. It helps inhigher production and bring stability in a company. This assist to prepare a realistic vision forfuture of an organization and undertaking measures to achieve the same. A planning for growthis beneficial for economic growth and development. It supports countries for an experience todrive economic development due to economic growth which is being availed by an organisation.The undertaken company in this assignment is AG constructions, this venture is bidding for acontract of alterations of hand washing and building alterations of Princess Royal hospital(Barbour, 2012). This assignment explains a key consideration for growth opportunities. Itprovides an outline on Ansoff's growth vector matrix and benefits of sources of funding and itsdrawback. This will bring highlights on a business plan for growth in financial and strategicgoals of an organization such as crowdfunding, angel venture finance and peer to peer lending.The main steps in planning for growth includes PESTLE and SWOT analysis.P1. Analyse key evaluation for opportunities and justify these considerations within anorganisational contextThis phase of report covers of an organization is that, to understand about company andits environment. Although, it involves analysing of an organization by its resources andliabilities. PESTLE is one of a large tool for removing myth from an organisation by analysingexternal factors of its business. Also, this part includes porter's generic strategy model to identifywhere opportunities by expanding their business. These can be described as follows:Porter's Generic Strategy ModelThis model is used for building and analysing competitive strategies of a business firm.For a long term basis it is necessary to take profitability for long run in existing competitiveworld (Deakin, 2012). This model includes three basic types of competitive advantages, these areas; cost leadership, differentiation and focus. In focus strategy it includes two variants, that is,cost focus and differentiation focus.Cost Leadership: This part of model includes the leader in their cost in its industry ormarket. This strategy is used in increasing profits by reducing cost of its product, in otherhand increase in market share by charging lower prices from customer this will helps in1
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