Unit 42 – Planning for Growth

Unit 42 – Planning for
Growth

Executive summary
The current project is based on the topic of planning of growth that makes an important part
of all business organisation. Growth is important and vital to remain sustainable in business
environment along with ensuring effective competitive strength. Current project is conducted on
is Quantum technology Ltd which is operating as a SME that is engaged in the providing the
marketing services and soon develop to tech organisation that is situated at Lincolnshire, United
Kingdom. Beside this, current report comprises of discussion about key consideration for growth
opportunities through the help of competitive analysis. Beside this, use of Porter’s generic
strategy and PESTEL analysis has been also made to analysis about the external business
environment. Along with this, an evaluation of Ansoff growth matrix is also made along with the
potential sources of funding which supports improved growth and better financing of firm.
Beside this, a business plan and exit or succession plans for a small business are also included in
current report which provide a detailed information about how a SME focus on coming with
innovation for better growth.
Table of Contents
Executive summary..........................................................................................................................1
INTRODUCTION...........................................................................................................................1
LO 1.................................................................................................................................................1
Key considerations for evaluating growth opportunities along with justification.........1
Analysing opportunities for growth through applying Ansoff growth vector matrix.. .4
LO 2.................................................................................................................................................5
Potential sources of funding available to businesses along with benefits and drawback5
LO 3.................................................................................................................................................7
Business plan for growth......................................................................................................7
LO 4...............................................................................................................................................10
Assess exit or succession options for a small business along with the benefits and
drawbacks...........................................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Planning for growth is mainly related with the preparation of plans, policies and
strategies that are being adopted by a firm to secure sustainable growth and competitive
advantage within the target market to have higher success and growth (Black and Steiner, 2021).
The organisation selected for current project is Quantum technology Ltd which is operating as a
SME that is engaged in the providing the marketing services and soon develop to tech
organisation that is situated at Lincolnshire, United Kingdom. Quantum technologies are
expected to have applications across multiple future multi-billion-pound industries in many
markets and sectors: Quantum timing devices, Quantum gravity sensing devices, Quantum
positioning systems, Quantum secure communications, Quantum enhanced imaging, Quantum
computers. Beside this, the current project comprises of analysis of key consideration for growth
opportunities through the help of competitive analysis, Porter’s generic strategy and PESTEL
analysis. Further, an evaluation of Ansoff growth matrix is also made along with the potential
sources of funding. Beside this, a business plan and exit or succession plans for a small business
are also included in current report.
LO 1
Key considerations for evaluating growth opportunities along with justification
Growth is most imperative and essential aspect for all business organisation that tend to
provide assistance and direction towards higher sustainability and competitive. With respect to
the Quantum technology Ltd they are exploiting the naturally occurring quantum effects and
driving a new generation hitherto impossible devices to gain improved level of growth along
with focusing on systems from breathtakingly powerful medical imaging devices to entirely new
methods of computing to solve currently intractable problems through the help of engineering of
quantum effects into next-generation technologies (Cosenz and Bivona, 2021). Apart from
having improvement in the quality of products and services, effective planning is required by
Quantum technology Ltd to have better direction and growth in business environment in a
feasible manner. Therefore, the key consideration that needs to evaluated by Quantum
technology Ltd to have higher growth opportunity are discussed and evaluated below with proper
justification:
Competitive analysis
1