Planning and Strategies of Business

Part 1

Learning Outcomes:

LO1 Examine the fundamental considerations that SMEs must view while measuring growth opportunities.

LO2 Measure several methods through which a business enterprise approach funding and when to utilize various types of funds.

LO3 Create a business plan (including financials) and convey how to grade up a business.

Scenario

Identify the simulated business or social enterprise your own choice and it could be a local or a small business. You are required to select something interesting or have some knowledge or access to resources or skills through personal network.

Prepare a report of a business plan for the growth of your small business or social enterprise.

The report should:

Analyse key consideration of growth opportunities and justify these consideration in context to Aston Chemicals and identify the growth opportunities by applying Ansoff's growth matrix. Also discuss options for growth using framework to demonstrate the competitive advantage in organisation. Evaluate specific options and pathways for growth considering the risk of all option and how it can be mitigated.

Evaluate sources of funding accessible to businesses and discuss advantage and disadvantage of each source. Assess sources of funding and justification for the adoption of an appropriate source of funding for selected organisation. Measure sources of funding with justified argument for the adoption of a particular source based on needs of organisation.

Design a business plan for growth that includes financial information and strategic objectives. create a proper and elaborated business plan for growth and securing investment, setting out strategic objectives, strategies and frameworks for accomplish objectives. Present a logical and detailed business plan that show knowledge of how to develop, utilize and accomplish objectives of business.

PART 2 - Developing an Exit Plan

word limit: 1,000-1,500 word

Learning Outcomes:

LO4 Measure several ways a small business proprietor can exit the business and the implications of each choices.

Scenario

Assess the exit or succession choices for your small organization comparing and contrasting the choices and form valid recommendations. Evaluate the exit or succession options for a small business and determine a proper course of action with justified recommendations.