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Planning for Growth INTRODUCTION 3 TASK 13 P1 Key considerations for growth opportunity 3 P2 Ansoff's growth vector matrix for opportunities and growth 5 P3 Key considerations for growth opportunity 3

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Planning for Growth INTRODUCTION 3 TASK 13 P1 Key considerations for growth opportunity 3 P2 Ansoff’s growth vector matrix for opportunities and growth-5 P3 Potential sources of businesses and discuss benefits and drawbacks of each source 7 TASK 39 P4 Design a business plan for growth 9 TASK 413 P5 Succession for existing and drawback of company 13 CONCLUSION 15 REFERENCES 15 INTRODUCTION In this report making on the nisa retail company. This company is come in

Planning for Growth INTRODUCTION 3 TASK 13 P1 Key considerations for growth opportunity 3 P2 Ansoff's growth vector matrix for opportunities and growth 5 P3 Key considerations for growth opportunity 3

   Added on 2020-07-22

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Planning for Growth
Planning for Growth INTRODUCTION 3 TASK 13 P1 Key considerations for growth opportunity 3 P2 Ansoff's growth vector matrix for opportunities and growth 5 P3 Key considerations for growth opportunity 3_1
Table of ContentsINTRODUCTION ..........................................................................................................................3TASK 1 ...........................................................................................................................................3P1 Key considerations for growth opportunity .....................................................................3P2 Ansoff’s growth vector matrix for opportunities and growth-..........................................5P3 Potential sources of businesses and discuss benefits and drawbacks of each source.......7TASK 3............................................................................................................................................9P4 Design a business plan for growth....................................................................................9TASK 4..........................................................................................................................................13P5 Succession for existing and drawback of company .......................................................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................15
Planning for Growth INTRODUCTION 3 TASK 13 P1 Key considerations for growth opportunity 3 P2 Ansoff's growth vector matrix for opportunities and growth 5 P3 Key considerations for growth opportunity 3_2
INTRODUCTION In this report making on the nisa retail company. This company is come in small andmedium size business and making plain for this business growth because the facingtechnology and digital problem so they need to employee those having knowledge andskills.. In this research will find key consideration of opportunities and apply Anosoffgrowth vector matrix. In this report will discussed sources of collecting fund for any typeof business and make plain for growth business. this report will also define existingmethod of organization and improving some skill then growth increase like innovationfocused etc. TASK 1 P1 Key considerations for growth opportunity nisa retail is a medium sized retailer that is merchandising various grocery products. Ithas 213 employees in their organization and earn a total turnover worth £20 billion. Currently, itis operating through 25 stores all over UK. There are multiple growth opportunities available tonisa for the technological development and advancements. This company is also use onlinetechnology and online marketing business. The technological development in business operations and activities are greatopportunities for nisa retailer because it will lead to increase the market share and profits ofcompany. And the company is considered as early adopter. This company is also need to use newtechnology like in administration sector communication sector and information collecting sector,information storage sector, production sector etc. nisa is also used this technology in expand theirorganization in making marketing plan, time tracking software, also use online money transferservices, share digital file easily and branch information. Digital technology such kind impact doing on the nisa -Expand business- Digital technology also helps in increasing businesses it can throughnisa company make self software and its help to reach, millions of people in one time. It iscovering across the world and they can sale and purchase there product easily. In this doing thehelp Smartphone because in this generation most of person use the smart phone they can getproduct on touch screen there smart phone. Easily collect data. This is the best way to collating information and making the budgetfor next year. It can through analytic of big data and also help to the knowing about next
Planning for Growth INTRODUCTION 3 TASK 13 P1 Key considerations for growth opportunity 3 P2 Ansoff's growth vector matrix for opportunities and growth 5 P3 Key considerations for growth opportunity 3_3
purchases by customer by leveraging on development. It can through company knowing whatproduct sale in large now and also record the views of customer, feedback etc. Increasing competition- Use of digital technology increases the competitive strengthbecause it is doing best and innovative for the consumer. It is providing fast services and all typeof product what they want. Competitive advantage – This Company is also use the technology as source in theknowing information about political factor and how to environment impact on the business andincreasing technology in the internet selling product uses of resources and advertising etc. New product development- it also doing help to innovation sector in the company howto a company introduce their new product in the market through advertisement social mediatelevision, develop website and highlight new product. It is also doing impact on growth sectorbecause in this company do competitions with same time of company then they ned toptechnology. In maturity sector company also use the technology because in this organization hasfear of decline stage so they use technology and producer will go on decline sector then companyalso need the technology because in this product want some innovation in size, colour, attract tocustomer etc. In innovation sector nisa is need to technology such kind.- Innovator – Small business entrepreneur want to new ideas and technology for developmentbusiness this including online marketing new gadget. nisa is also used the technology in theinnovation like develop software, website relevant information upload (Ward2016). Early adopter- In this company need to the leader who gives positive direction about newproduct, improvement and efficiency and also guide the use of product so a company need tomajor software sides, providing material like information about product purchasing process. Early majority – In this customer need to read reviews comment about the new product and newservices before purchasing. So nisa is also used tin this step technology like share comment givedetail of product on website, give a section on social sides with information and link. Laggards - In this step organization use traditional step to communicate with customer so in thissector they also need to technology like customer care services comment reviews and solve theproblems.
Planning for Growth INTRODUCTION 3 TASK 13 P1 Key considerations for growth opportunity 3 P2 Ansoff's growth vector matrix for opportunities and growth 5 P3 Key considerations for growth opportunity 3_4

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