Article On Planning For Growth Assignment Sample

   

Added on  2021-02-19

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PLANNING FORGROWTH
Article On Planning For Growth Assignment Sample_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Analysis of key considerations for evaluating growth opportunities....................................1P2. Evaluation of growth opportunities applying Ansoff's Growth Vector Matrix.....................3TASK 2............................................................................................................................................5P3. Assessment of potential sources of funding available to businesses.....................................5TASK 3............................................................................................................................................6P4. Designing of a business plan.................................................................................................6TASK 4............................................................................................................................................7P5. Assessment of exit or succession options for small business................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONPlanning refers to the procedure which is associated with assessment of all the tasks andprocesses required to perform a certain activity. In a business context, it is a highly importantthat organisations plan their businesses in a way which help them in sustaining for a long termwithin the market. It is essential that companies plan their business activities to ensure properand timely growth of their business in such a dynamic business environment. The report below isbased on Oak Cash & Carry which is an organisation dealing in wholesale of groceries within theUK market. The assignment is divided into two parts, where the first part deals with analysis ofkey considerations for evaluating growth opportunities and application of Ansoff's GrowthVector Matrix. This part also includes assessment of potential sources of funding for theorganisation and designing of a business plan. Apart from this, the other part of this report dealswith potential exit options for the business enterprise.TASK 1P1. Analysis of key considerations for evaluating growth opportunitiesFor a small business enterprise like Oak Cash & Carry, it is very important that thebusiness enterprise perform effective analysis of several key considerations which would furtherhelp them in evaluating the growth opportunities available for them within the market.There are several key considerations for Oak Cash & Carry which is necessary forevaluating their growth opportunities. For the same, there are several analytical frameworkswhich are being used, such as PESTLE Analysis, Porter's Generic Strategies and a brief analysisof the core competencies of the business. All these frameworks are discussed below:PESTLE AnalysisThis framework is an analytical tool which is utilised effectively for scanning the externalenvironment, which must be considered in order to effectively analyse the growth opportunitiesavailable to the organisation outside their inner circle. This framework is discussed as under:Political Factors: These factors undertake the political scenario which is predominantwithin respective country of the company (Mason, 2015). Oak Cash & Carry operates inUK, which currently is facing unstable political scenario and several trade restrictions inEurope due to Brexit. However, the event of Brexit does not affect the Foreign Direct1
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Investment which is an advantage for Oak Cash & Carry to conduct their businesseseffectively despite unstable political pressures.Economical Factors: These factors involve the economic performance of a nation. Brexitled to decrease in the value of Pound, which is a backlash for each and every businessenterprise operating within the country. However, with unemployment on a rise due toclosing up of several multinational organisations, this could be an advantage for theorganisation to hire skilled and talented employees which would contribute to thecompany's sustainable growth (Daniels and Lapping, 2016).Social Factors: All the social beliefs, norms and trends are covered under these factors.One prominent opportunity which is available for Oak Cash & Carry within the countryis that there is a rise in organic vegetables and other healthy grocery items which couldshift preferences of the public towards this organisation in case the firm providesproducts that fit the current trend.Technological Factors: These factors are generally includes in the different kind offactors that is advancement in technologies, higher uses of online system and so on. Inreference with the Oak Cash and Carry, as this respective organization carries lots ofstores within the market of UK. For this they are applying effective and efficienttechnologies for their customers so that they can easily purchase by digital card and gethigher satisfaction.Legal Factors: It always involves in the different factors as government rules andregulation. So that herein, company is required to follow these rules and regulation inorder to make their position better within the UK market. Therefore, organization needsto follow all this laws (Rodríguez-Rodríguez and et. al., 2016). Environmental Factors: Basically it influences the company’s system and their businessoperations which includes in several kinds of factor like climate, situation in the marketas well as cost. Therefore, company is needed to make their functions as per the marketdemand so that they can achieve their goals and objectives in a perfect manner. Porter's Generic StrategiesIt is all about companies like how they are preparing strategies for gaining more andmore competitive advantages across the globe. There are different kinds of generic strategies bywhich respective organization can get their desirable results in an effectivemanner. Apart from2
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