Planning For Growth INTRODUCTION
Added on 2021-02-20
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Planning For Growth
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Evaluate key consideration for analysing growth opportunities for organisation.................1P2 Ansoff growth Matrix............................................................................................................3TASK 2............................................................................................................................................5P3 Feasible sources of funding for small businesses..................................................................5TASK 3............................................................................................................................................6P4 Appropriate business plan for company ...............................................................................6TASK 4............................................................................................................................................9P5 Determine exit or succession options for small scale company............................................9Conclusion.....................................................................................................................................10REFERENCES .............................................................................................................................11
INTRODUCTIONBusiness entities are formulated for the purpose of generating maximum revenue and growtheir business effectively at marketplace. For this growth, companies do take certain sort ofstrategic actions and also conduct various analysis which leads to the reason of growth for themin future (Barbour and Deakin, 2012). Under this aim, management team of businessorganisations also contributes a lot in the growth by proving right guidance to the employees sothat they can work effectively towards the long term objectives of the company. The currentreport is based on Gekko Partners a UK based small scale marketing services which offers itsservices within the UK only. The report includes information on key consideration that isconcerned by the company in analysing its growth. Further, it explains Ansoff’s matrix whichincludes different growth strategies through company can grow. Along with this, potentialsources of funding for small businesses, effective business plan and exit or succession strategiesfor the considered company are described in appropriate manner. TASK 1P1 Evaluate key consideration for analysing growth opportunities for organisationEvery business entity operating within the confines of corporate world aims at attaining growthand development in near future. This provides assistance to organisation in sustaining in marketplace for a long period of time (Beatley, 2014). With respect to Gekko Partners, this entity alsointends to expand its operations within new locations by offering high quality marketing servicesto people and attaining maximum satisfaction from them,.Competitive analysis:This can be referred to as the initiative taken up by entity to gain knowledge of thestrategic course of action adopted by rival firms. With respect to Gekko Partners, themanagement of this entity has ascertained the resource, capability and competency ofestablishment as follows:-Resource: The primary resource of the respective enterprise is its competent andknowledgeable workforce that is capable of performing as per the requirements of customers aswell as company.Capabilities: Gekko Partners is capable of providing high quality and competentmarketing services to clients and gaining contentment from them (Chapin, 2012).1
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