Urban Growth Planning Strategies
Added on 2020-06-03
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Planning For Growth
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Key considerations for evaluating growth opportunities and justify within anorganizational..............................................................................................................................1P2 The opportunities for growth applying Ansoff's growth vector matrix.................................3M1 Option for growth using a range of analytical frameworks..................................................4D1 Evaluate specific option and pathways for growth...............................................................5TASK 2............................................................................................................................................5P3 Potential sources of funding available to businesses and discuss benefits and drawbacks...5M2 & D2 Evaluate potential source of findings with justified arguments.................................7TASK 3 ...........................................................................................................................................7P4 Develop a business plan for growth.......................................................................................7M3 &D3 Detailed business plan for growth and selecting investment, setting our strategicobjectives.....................................................................................................................................8TASK 4............................................................................................................................................9P5 Assess exit or succession options for a small business explaining the benefits anddrawbacks....................................................................................................................................9M4 & D4 Critical evaluation of the exit or succession option for a small business...................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11.......................................................................................................................................................12
INTRODUCTIONBusiness is one of the effective commercials activity in which an organization set theirgoals and objectives to attain the growth in appropriate manner. In this several goods andservices produce and exchanged in one person to another for generating money. It is anoccupation for the individuals top get higher success at market place by delivering values for thecustomers. For getting maximum advantage various tools and methods used by the business.Merger and acquisition play important role in making the effective operation which aid inachieving the competitive advantage (Stanilov and Sykora, 2012). For making any kind ofbusiness strategy, it is more important to undertake appropriate research to identify the currentmarket trends so that implementation of merger and acquisition is effectively. Small businessenterprise is also an important part of the business in which various opportunities are evaluatedthat contribute in economy growth. For developing the growth business plan is crucial forimplementing the best strategy so that organization can easily attain the success. Present report isbest on growth and development tools which is used by the business to make effectiveoperational activities. Ansoff's growth vectors matrix is also mentioned in this report to measurethe opportunities in effective way. Along with this business plan for growth is also discussed inthis project.TASK 1P1 Key considerations for evaluating growth opportunities and justify within an organizationalIn this the 4COM company need to develop their growth for they they set their businessgoals and objectives to achieve success in the market. Cited company is small business whichused various tools to maintain the better sustainability in their process. All the methods and toolsin SME's aid in evaluating the growth opportunities. For development of economy growth SME'splay important role which aid in covering all the aspect that contribute in overall success of thecompany (Viitanen and Kingston, 2014). It is more important for the business to use effectivestrategic and planning so that they get best benefits in their activities. In this the strategicplanning is a effective tools which is set by the company before implementing their operationalactivities. With the help of this company easily attain pre- set target in an appropriate manner.There are some effective products as well as elements of strategic planing which aid to the1
4COM to attain their target in effective way. The main target of the company to make a planwhich aid in making positive work environment.Environment issue and trends: In this action various components are aid in influencingthe company growth in effective manner so that firm easily attain goals and objectives(Waterhout, Othengrafen and Sykes, 2013). Environment issue and trends are the majorpart of the firm which aid in evaluating the overall performance. It include staff members,their skills and various available resources to completing all the task in effective manner.A effective strategic planning adopt the environmental aspect and appropriateinformation which define the surrounding of the business.Need survey: It is more important process of the company in which the companyundertake various research and survey to gather all the relevant information from theclients. This process aid in setting all the organizational goals and objectives inappropriate manner. Mission statements: It is also an important for the company which define beforeevaluating operational activities (Whelpton, Campbell and Patterson, 2015). Missionstatement define that what the company want for generating the profitability. General objectives: In this the company define their objectives to fulfil their clients needswhich aid in developing the overall growth. It define the aim which set by the companyin specific time frame with available resources. Basically it is an effective tools whichhelps in evaluating the strategic planning and activities.Strategies: This is an important action which used by the company to reach their target inappropriate manner. It should be specific process in which all the direction are mentionedto achieve long term goals and objectives. 4COM also used specific strategies in theirplaning process which aid in achieving the competitive advantage in appropriate way.All these components are the best part of strategic planning which helps the company toevaluate their growth and development. It also define that how a company attain their specificgoals by implementing strategic planning process in their operational process. It is moreimportant for company to use all the various tools before measuring their overall performance.Along with this digital technology is also an effective for the company to analysis their actualaction and also compare with their competitors (Wu and Hamada,2011). With the help of thisthey easily set their strategy to get competitive advantage from its rivals. So that 4COM2
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