Unit 42 Planning for growth - Assignment

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Unit 42 Planning for GrowthStudent name:Student ID:1
Table of ContentsIntroduction........................................................................................................................3Task 1................................................................................................................................4Analyse key considerations for evaluating growth opportunities and justify theseconsiderations within an organisational context............................................................4Evaluate the opportunities for growth applying Ansoff’s growth vector matrix..............5Task 2................................................................................................................................8Assess the potential sources of funding available to businesses and discuss benefitsand drawbacks of each source......................................................................................8Task 4..............................................................................................................................11Design a business plan for growth that includes financial information and strategicobjectives for scaling up a business............................................................................11Task 5..............................................................................................................................13Assess exit or succession options for a small business explaining the benefits anddrawbacks of each option............................................................................................13Conclusion.......................................................................................................................16References.......................................................................................................................172
IntroductionThroughout the development cycle for organisation or firm, and the company tends tobe active in the 4 fundamental managerial roles – planning, administration, organisation,and power. The key thing about this is growth planning. That is the managementcomponent that establishes systems, regulations, and instructions to accomplish aspecified aim. If they are to be efficient, most other management roles must beprepared. Employees at all levels are participating in preparation when priorities andstrategies for daily tasks and longer-term projects are to be identified. Planning is widelyrecognized as the principal component of the strategic plan. Planning also offers thecompany continuity and security and thereby offers a clear sense of time and intenttowards achieving several good goals (TRACY, 2019).3
Task 1Analyse key considerations for evaluating growth opportunities and justify theseconsiderations within an organisational context.Development is an important part of efficiency but also an indicator of businessprogress. Acquiring business acumen seems very essential to maintain and survive fora prolonged period in globalised economic environment in which any businessman isbattling for the very same consumer spot (Bacal and Moore, 2009). Everything becomesimportant for being strategic in either challenging and extremely competitive globalenvironment to pursue strategic progress and training processes (Reid, 2007).Considering CafePod Coffee Co. a premium coffee café offering different kinds of tastyand premium coffees to their clients (CAFEPOD Coffee Co. - Craft Coffee - Est. London2011, 2021). CafePod Coffee Co. clients receives highly efficient and quality servicesand furthermore gets innovative suggestions to make the high quality service moreoutstanding and premium (CAFEPOD Coffee Co. - Craft Coffee - Est. London 2011,2021). Recently CafePod Coffee Co. management taken decision of introducing a newproduct into the market, the product named is Green Herbal Coffee. According tomanagement green herbal coffee is considered for the healthy lifestyle leadingindividuals.Porter’s Generic StrategiesPorter Five Fields covers buyers' purchasing power, sellers' negotiating power and newcompetitors' threats, competition and substitution threats.Bargaining power of suppliers - The negotiating power of providers indicates what morepower is traded for quality of the product (Hanlon, 2016). Where limited or start-upbusinesses manufacture goods with different materials which other firm’s retailer,suppliers have built negotiating strength. CafePod Coffee Co. providers may have littlenegotiating leverage, for example, because top providers want high-premium coffeegoods.4
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