Planning for Growth

Planning for
Growth

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Key circumstances for analysing growth and opportunities...................................................3
Porter Generic Strategies:.......................................................................................................3
PESTLE analysis....................................................................................................................4
BCG matrix............................................................................................................................5
Product Life cycle ..................................................................................................................6
Benefits and Drawbacks of collaboration...............................................................................7
TASK 2............................................................................................................................................8
Sources of Funding with their benefits & drawbacks............................................................8
Investment decision making...................................................................................................9
TASK 3..........................................................................................................................................10
Business plan........................................................................................................................10
TASK 4..........................................................................................................................................12
Different ways of exit for small businesses..........................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................15

INTRODUCTION
Planning is an essential aspect which helps an organisation to grow and attain higher
position at marketplace (Angotti, 2018). For effective planning, it is important for an
organisation to build strategies by considering objectives and goals. Effective planning helps an
organisation to fulfil their objectives within stipulated time frame. In the present report,
Bonmarche is taken into consideration. It is a clothing store that was established in the year 1982
by Singh Chima. It offers high quality clothing in more than 300 locations. The report covers
various frameworks for growth and opportunities. In addition to this, various sources of funding
is cover in the report. Moreover, business plan is develop by using various frameworks in proper
manner.
TASK 1
Key circumstances for analysing growth and opportunities
The main aim is to increase the profit of each and every organisation so that they could
attain higher growth within a given period of time. A management of team focus on offering
innovative and creativity products and services within a cheap price. Further, new technologies
plays a very crucial role in such a way to enhance the profitability of an organisation. Hence, it is
necessary for a business to usage the new and creativity technology and techniques for attaining
competitive advancement among the competitors (Bagheri, 2018). In discourse of Bonmarche, a
manager accented on offering various form of services like training, auditing, planning for
achieving future growth of a company. It is important for a manager to evolve effective planning
that assist for sustain in a market for a long time. This report covers Porter generic model such as
differentiation, leadership. The effective strategies and plan that is based on functioning of an
organisation. It also includes to view the affect of productivity and profitability of a company.
The Porter generic strategies in relation to Bronmarche that is described as follows:
Porter Generic Strategies:
The main aim of a company is to accomplish a competitive advancement all over the
rivalry business enterprise in order to attain a impulse in the particular business. Bonmarche
company uses Porter Generic Strategies that aid to attain competitive profits along with
competitors.

Cost leadership: This strategy assist a company to gives a better quality goods to its
customers within a low cost. In context to Bonmarche, a manager of this company acquired this
strategy for offering good quality products at cheap costs.
Differentiation: A manager accented on giving innovative and specific goods to their
customers so that they could attain competitive advancement all over rivalry companies (Baran,
2019). With reference to Bronmarche, this company should focuses on exploring its profits and
selling in a appropriate manner for attracting more customers.
Cost focus: This examine the requirements and needs of a customer so that they satisfies.
It could also offers a better quality goods and services at cheap cost for enhancing the sales of a
company. In relation to Bronmarche, a manager is using this strategy so that they could attract
more customers for fastest sales and profits of a company.
Differentiation focus: A company could accented on focusing a specific and creative
goods and services that attracts for increasing fastest sales and profits. With reference to
Bronmarche, this strategy aid a company to enhance goodwill and image of a company.
From the above strategies , it has been analysed that Bronmarche acquired differentiation
strategy which aid a company to attain a competitive advancement all over the rivalries for
exploring their profits and sales.
PESTLE analysis
It consists of several elements that is used to recognise the affect on external factors at the
time of organisation is rapidly acting in a appropriate manner. This examine the environmental
scanning so that it could perform various strategies of a enterprise (Baschat, 2018). Pestle
analysis involves political, economical, social, technological and legal factors of an organisation.
This could able to create policies and prepares plans to achieve competitive advancement.
Political Factors: It refers to the factors which involves government policies, taxes,
foreign trade of each and every country. In addition to this, it further gives large affect on the
domestic teaching method and health orders. In UK the Boris Johnson penalize the international
taxation policies that uses the liberalisation policy of political factors of Bronmarche company.
This factor betting situations of this company that is affected by enhancing the value added tax
on particular goods of a company.
Economical Factors: It refers to the affect on economy on total execution of a
organisation. Further, it also includes economic rate, inflation-deflation rate, GDP rate etc. In UK