(solved) Planning for Growth Assignment

   

Added on  2020-06-04

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PLANNING FOR GROWTH
(solved) Planning for Growth Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Analysis of key consideration for growth opportunities in organisation context............1P2. Evaluation of opportunities of growth by using Ansoff matrix.......................................3TASK 2............................................................................................................................................5P3. Potential sources of funding with each one benefits and drawbacks...............................5TASK 3............................................................................................................................................7P4. Formulation of business plan for growth with financial and strategic objectives of scalingup............................................................................................................................................7TASK 4............................................................................................................................................9P5. Exit and succession option for business with its benefits and drawbacks.......................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
(solved) Planning for Growth Assignment_2
INTRODUCTIONIn modern era, to run business in a successful manner it is vital for organisations to doplanning in an appropriate way. Planning for growth can be understood as a process and plays animportant role for a company when it comes to gain competitive advantages at both domestic andinternational market. This process includes many variables and factors that helps an enterprise togrow without facing any sort of risks (Barbour and Deakin, 2012). In this assignment,organisation which is being taken i.e. Austin Fraser, found in 20017 and considered asrecruitment consultants specialists. This organisation headquartered in Reading, England. It hasalmost 105 employees that are serving consumers in a befitting sense. The earning capacity ofthis firm is more than 35,000 pounds and it has continuous growing percentage is 43%. Report isgoing to include key considerations that aid organisation in bringing up opportunities of growth.Away from this, Ansoff matrix, sources of funding, strategies are also enclosed in thisassessment.TASK 1P1. Analysis of key consideration for growth opportunities in organisation contextIn today's scenario, it has been located that companies are rapidly looking into differentaspects in order to maximise their profit which is directly helping them in giving good rivalry totheir rivals. This includes ample number of variables that brings up different sorts ofopportunities for business firms. Here, it is responsibility of manager to locate all the areas whereimprovement is needed and locate best strategy and try to implement it in order to developvarious business opportunities (Brinckmann, Grichnik and Kapsa, 2010). On the other hand, if amanager does proper study or examination of the market's environment it may be possible tobrought up best and suitable opportunities which directly affect company in positive manner.Some of key considerations in this context which will aid Austin Fraser to grow are given below:Turnover: It key factor plays an important role if an organisation is looking forward toexpand its business or to build up opportunities to grow at marketplace. According tofinancial reports of Austin Fraser around 35 million that is being generated as revenuewhich helps them in continuously running their business in successful manner.Market share: Another key factor which may affect profitability of a firm which needs tobe taken care in an appropriate sense by managers and leader of organisation. Marketshare plays an important role in sustaining at marketplace for a longer period of time.1
(solved) Planning for Growth Assignment_3
Therefore, if a company is looking forward to grow it is mandatory fro them to look intodifferent aspects that are related to market share and take initiatives. Austin Fraser'sgrowth rate 2017 was around 6.3% that has helped them in developing high competitivelevel for organisations that are dealing in same sector. Propel and De Poel are twobusiness consultants that are giving competition to Austin Fraser. Profitability: This factor can be stated as one of the main and important keyconsideration that may aid Austin Fraser when it looks to grow at marketplace and alsohelps in bringing up ample number of opportunities for company to build its image in anappropriate sense. Management and leaders of Austin Fraser needs to keep on locatinginto different aspects and develop different strategies so that to deliver products andservices to consumers right on time (Burton, 2010). This scenario will directly helpAustin Fraser to improve both productivity and profitability in same manner. Here, thiscompany is specialised in recruitment consulting in IT sector and is famous in all overUK. This has helped in raising customers base. Staff: Employees of a company can be considered as an asset for them. It has beenlocated that staff members of Austin Fraser are much talented which has helped this firmin growing at marketplace in rapid manner. This impacted positively on organisation'sprofitability and productivity at the same time. Through this, Austin Fraser raiseddeveloped its growth rate from 4.6% to 6.3% in the year of 2016 which is can be stated asa strong profit ratio.Advanced Technology: Adopting updated technology within an organisation may aid ingrowing in a faster manner. Along with this, it has been analysed that technology can putboth positive and negative impact on business firm. Therefore, it is very much requiredfor Austin Fraser to look into different aspects and analyse the business market. It hasbeen analysed that there are various sort of issues which needs to be examined and thentry to resolve them right on time in effective and in efficient sense. Away from this, it hasbeen located that consumers demand gets changes where technology can fulfil themthrough examining their needs (Chapin, 2012).Austin Fraser's Overview:Mission: “Deliver best life sciences network” is the main aim, objective and mission ofAustin Fraser. As this firm is specialised in IT sector and delivers recruitment consultancy.2
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