Planning for Growth in Speedboard Assembly Services

Unit 42 - Planning for
Growth
INTRODUCTION...........................................................................................................................4
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Project Part 1....................................................................................................................................4
LO1..................................................................................................................................................4
P1Analyse key considerations for evaluating growth opportunities and justify these
considerations within an organisational context.....................................................................4
P2Evaluate the opportunities for growth applying Ansoff’s growth vector matrix...............5
M1 Discuss the options for growth using a range of analytical frameworks to demonstrate the
understanding of competitive advantage within an organisational context............................6
LO2..................................................................................................................................................6
P3Assess the potential sources of funding available to businesses and discuss benefits and
drawbacks of each source.......................................................................................................7
M2Evaluate potential sources of funding and justification for the adoption of an appropriate
source of funding for a given organisational context.............................................................9
Project Part 2....................................................................................................................................9
P4 Design a business plan for growth that includes financial information and strategic
objectives for scaling up a business........................................................................................9
M3 Evaluate potential sources of funding and justification for the adoption of an appropriate
source of funding for a given organisational context...........................................................12
P5 Assess exit or succession options for a small business explaining the benefits and
drawbacks of each option.....................................................................................................12
M4Evaluate exit or succession options for a small business comparing and contrasting the
options and making valid recommendations........................................................................14
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................15
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INTRODUCTION
Planning is defined as a strategic activity that allows an organisation to conduct the business
functioning in a systematic manner while assuring success of business. With the help of proper
planning company can underline activities through which they can have centred efforts towards
the changes in industry (Jensen and Creinin, 2020). It is essential for business organisation to
take have proper plan before executing any strategy in order to ensure more growth opportunity.
With the help of this something can ensure long-term sustainability and high growth. Present
report is based on Speedboard Assembly Services which is operating the business function in
electrical and electronic manufacturing industry. This organisation was established in 1983 and
headquartered in south east England, United Kingdom. Company offers number of products and
services to customers in the market segment. In this report formative discussion has been
conducted on opportunities for organisation, different source of funding along with its benefits
and drawbacks. In addition to this business plan and strategy for succession and exit is also
included in this report.
Project Part 1
LO1
P1Analyse key considerations for evaluating growth opportunities and justify these
considerations within an organisational context.
Boston Consultancy Group Matrix
BCG is defined as a product portfolio matrix which is an essential tool through which
business organisation can conduct planning by evaluating their strategic position. It is the most
effective model through which organisation can find the market growth rate.
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Star:
Financial Service strategic business unit of this company is a star in terms with BCG
matrix for Speedboard Assembly Services. Company is operating their functioning in electric
industry sector which is having potential to grow in future. Products which is generated by
company shows greatest sale in its product portfolio. This company is also having potential to
attract more number of customers with its high quality and innovative features in their product
and services with the help of research and development company can assure more growth rate
(Syssner and Meijer, 2020). It is essential for company to use its current products in order to
penetrate in new market segment by improving their distribution in order to enhance overall
sales.
Cash cows:
Supplier Management Service strategy business unit is cash cow in BCG matrix for
Speedboard Assembly Services. It has been identified that market share of this organisation is
high but due to brexit there is a significant decline in company overall market sales. Company is
having power to effectively influence the market by investing in research and development in
order to become more innovating. With the help of this company can turn this cash cow into a
staff and can benefit in overall sales.
Question mark:
Local electronic strategic business unit is question mark in BCG matrix for Speedboard
Assembly Services. It has been identified that recent trend in the market segment identified that
consumers seeks for environmental friendly products and this market is having high growth. In
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