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Evaluating Growth Opportunities Assignment

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Added on  2021-02-19

Evaluating Growth Opportunities Assignment

   Added on 2021-02-19

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PlanningforGrowth
Evaluating Growth Opportunities Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1Task 1...............................................................................................................................................1P1 Evaluating growth opportunities ............................................................................................1P2 Evaluate the opportunities for growth applying Ansoff’s growth vector matrix....................4Task 2...............................................................................................................................................6P3 Assessment of sources of fund available to business.............................................................6Task 3...............................................................................................................................................7P4 Business plan for growth........................................................................................................7Task 4...............................................................................................................................................9P5 Exit and Succession ...............................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
Evaluating Growth Opportunities Assignment_2
Evaluating Growth Opportunities Assignment_3
INTRODUCTIONPlanning is important for any organization as it helps to make future plans for growingthe business continuously. All business concern make different types of planning or strategy thatsuggests what need to do in order to monitor and control the business (Denton, Forsyth andMacLennan, 2017). In other words, it is a step which is undertaken by a person or an entity tocomplete task and attain goals. The current report is based on Kitty Rock that is small size coffeecafe runs its business and growing with the helps of planning. The manager of such organizationmake plans that helps to face challenges and keep continue their business. It render its services inUnited Kingdom. This report comprises Ansoff's matrix for the purpose of evaluating growthopportunities, sources of fund that helps in business and its assessment and business plan thatstates succession and exit option. Task 1P1 Evaluating growth opportunities Growth planning is a insistent fact for all organization as it supports to business concernto make sure that they are running a business successfully. The management of any entity makeplans and decide what needs to do in future for the purpose of growing business continuously.Such as Kitty Rock is the coffee shop that offers different flavour of coffee to its customers. Themanagement of such organization make plans for future opportunities. Therefore, it is necessaryfor business concern to make effectual planning and lead employees in order to provide goodservices that helps to get competitive advantages (Barbour and Deakin 2012).Competitive AdvantagesThis means to make planning for gaining competitive advantages for serving best qualityof products and services. An organization can achieve competitive advantages by focusing oncustomers needs and provide them that kind of products as they want. It can be understand by asituation in which organization is responsible for its services whether is good or not. It helps todecide that company is achieve its goals by making efforts. Such as Kitty Rock is liable for itsstrategies that helps to create competitive position in market. The competitive advantages forKitty Rock are defined as: 1
Evaluating Growth Opportunities Assignment_4

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