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Planning for Growth

   

Added on  2022-12-28

14 Pages4547 Words77 Views
PLANNING FOR
GROWTH

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK 1............................................................................................................................................3
P1 Analyse the key consideration to evaluate the growth opportunities within organisational..3
P2 Opportunity for growth applying Ansoff's growth vector matrix.....................................6
TASK 2............................................................................................................................................7
P3 Various methods through organisation access different funding and their uses...............7
TASK 3............................................................................................................................................9
P4 Designing business plan along with intend scaling up a business....................................9
TASK 4..........................................................................................................................................12
P5 Different way to exit the business along with benefits and drawbacks in relation to Knight
and dukes homes...................................................................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Planning refers to a operational part within a business. In management there is need to
consider some of the approaches which should enhance the growth of business. It includes the
introduction of many of the key consideration which are part of businesses strategy. There is
need to analyse different factors which are having impact on the various function of the business
and able to give the better result along with high profit and productivity. In this report there is
discussion on the Knights and Dukes Homes which is an estate agency established in the London
since past one year. This company wants to open two new different branches in London and
regarding this, there is need to analyse the different factors which are there can affect the
business. In this report there is need to develop some of the basis overview which is regarding
the all positive and negative impact during the expansion of the businesses. In this report there is
some of the discussion about the benefit and withdrawal of the sources of funding. There is also
a business plan which is there can help in to get the business to whole new level with high profit.
There is use of the strategy which are there can help one to get the business on success while
using the different strategies. There is also some discussion which is regarding to exit the
business along with implication of each options (Jafarnezhad 2016).
MAIN BODY
TASK 1
P1 Analyse the key consideration to evaluate the growth opportunities within organisational
It is necessary to make the identification of the the opportunities which are able to help in
creating better plan for the business which can be implement as the strategy in the market. For
this purpose there is need to use the internal analysis which is regarding the resources,
capabilities and the core competencies. There should consideration about the external
environment organisation in which it is need to focus on the external environmental factors.
There is use of the Porter's generic model which is going to be discussed further.
Porter's Generic Strategies- This is one of the important strategy which is having its own
advantages. In relation to this there are some of the strategies are described below:
Cost leadership- This is the strategy which is used by the Knight and Duke homes for
the growth of the business. In this strategy, company is able to offer the product at low cost. So
this enables the customer to consume that product at large level which is one of the most

successful strategy is there in the market. This also enables the company to reduce the production
cost which is due to rule of high production decreases the overall production cost. Knight and
Dukes homes are there able to use this strategy which can help in to get the better response to get
large number of customer base there for their business (Liu and et. al., 2018).
Differentiation Leadership- This is the one which enable the knight and Dukes homes for
the growth as the small business to provide some of the unique product to their customer which
are able to satisfy the demand of each type of customer by providing different product to their
customer base. This also enables the firm to increase the price of the product which is due to
having different speciality of different products.
Focus strategy- This is the one in which there is need to have the create a better product
or with better modified product which is there can help in to growth of the business of the Knight
and Dukes homes which is there can help in to growth of the business.
So, based on above analysis, it can be said that Knight and Dukes homes are able to focus
on such strategy which can help ht business to get better in business term.
PESTLE Analysis
PESTLE analysis refers to a tool which is there user by the various organisation to which
is there can help in the analysis to understand the positive and negative impact of the factors
which are there need to analyse before adoption of new business process.
Political factor- This is able to effect the business where in Knight and Dukes homes are
able to get affect due to the tax policies, fiscal policies along with trade traffic are also there
which are having the ability to create the huge impact on the growth of the Knight and Dukes
homes business.
Positive impact- Government creates different policies which are there in the favour of the small
business to grow in the market which is able to give the high economy to the country.
Negative impact- Different government laws and policies are there. When changes are there
which creates differences in the running of the business.
Economic factor- This involves the interest rates in the business, inflation rate, economic
growth patterns along with this foreign exchange rate is also responsible in changing of the
country economy (Llausàs and et. al., 2016).
Positive impact- Knight and Dukes home business is small business and can directly effected by
the alteration in economy which can gives the high gross sales along with high profit.

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