Unit 42 Planning for growth Assignment
Aim of Planning for Growth HND Assignment
This Planning for Growth HND Assignment speaks about the development and growth of Small, medium industries. Application of various techniques could be made to understand the growth and development. This Planning for Growth HND Assignment emphasizes serving knowledge upon the growth and opportunities for collaboration. Small-medium enterprises attract investors by using various sources of investment. Apart from that, the nature of entry and exit would also domain the unit. The focus could also be stressed on family business and making choices to grow further in the market. Understanding the growth and risks of small-medium enterprises is equally essential and a knowledge part of the study.
Learning Outcomes of Planning for Growth HND Assignment
- Analyze the key considerations SMEs should consider when evaluating growth opportunities
- Assess the various methods through which organizations access funding and when to use different types of funding
- Develop a business plan (including financials) and communicate how you intend to scale up a business
- Assess the various ways a small business owner can exit the business and the implications of each option
LO1 Analyze the key considerations SMEs should consider when evaluating growth opportunities
The competitive advantage could be taken as a basis for the growth of small-medium enterprises. Apart from that, they’d porter’s generic strategies would be very helpful in determining the competitive advantage and how to handle growth after understanding the planning of growth in HND Assignment. PESTLE is a model that helps gain information about the entire sector in various directions. Various other matrices like Boston and McKinsey could also help understand the competitive advantage. Apart from that, growth options could also be understood by using the Ansoff matrix. Growth could also be generated by using technology and various other digital platforms. Collaboration could be understood by value chain analysis and partnerships. Lastly, horizontal and vertical integration also consist within the subhead of collaboration.
LO2 Assess the various methods through which organizations access funding and when to use different types of funding
The main focus for describing funding could be stressed upon investments. Investments in decision making could be understood by using various methods of financial appraisals. The sources that could be taken as a matter of growth consist of financial sources. Moreover, the drawbacks of such finances like loans, overcrowding, finance venturing could also be used for understanding the planning of growth in HND Assignment. Some methods of calculations would be net present value and payback period.
LO3 Develop a business plan (including financials) and communicate how you intend scaling up a business
A business planning of growth in HND Assignment includes the vision and mission of an organization while focusing upon its strength. Other focusing areas would be opportunities, ethics of the organization and stakeholder expectations. The strategies of entrepreneurs are also used for developing a business plan. A business plan is made to secure investments and meet the needs of investors. In order to understand the investors’ and meet the demands of investors, planning of growth in HND Assignment is essential. All these requirements would be needed to prepare a business for investment.
LO4 Assess the various ways a small business owner can exit the business and the implications of each option
The success and failure of an organization depend entirely upon how the manager manages the business. Reasons for failure and prevention measures for such failure could be taken for further references. If a failure occurs in the future, how would an organization take exit from that failure also could be considered a mechanism for failure. The growth of the family business would be determined by planning, areas of conflict, and the areas that could affect business growth.
Learning Outcomes of Planning for Growth HND Assignment and Assessment Criteria
|LO1Analyse the key considerations SMEs should consider when evaluating growth opportunities|
|P1Analyse key considerations for evaluating growth opportunities and justify these considerations within an organisational context.|
P2Evaluate the opportunities for growth applying Ans off’s growth vector matrix.
|M1 Discuss the options for growth using a range of analytical frameworks to demonstrate the understanding of competitive advantage within an organisational context.||D1 Critically evaluate specific options and pathways for growth, taking into account the risks of each option and how they can be mitigated.|
|LO2Assess the various methods through which organisations access funding and when to use different types of funding|
|P3Assess the potential sources of funding available to businesses and discuss the benefits and drawbacks of each source.||M2 Evaluate potential sources of funding and justification for the adoption of an appropriate source of funding for a given organisational context.||D2 Critically evaluate potential sources of funding with a justified argument for the adoption of a particular source or combination of sources, based on organisational needs.|
|LO3Develop a business plan (including financials) and communicate how you intend to scale up a business|
|P4Design a business plan for growth that includes financial information and strategic objectives for scaling up a business.||M3 Develop an appropriate and detailed business plan for growth and securing investment, setting out strategic objectives, strategies and appropriate frameworks for achieving objectives.||D3 Present a coherent and in-depth business plan that demonstrates knowledge and understanding of how to formulate, apply and achieve business objectives successfully.|
|LO4 Assess the various ways a small business owner can exit the business and the implications of each option|
|P5Assess exit or succession options for a small business explaining the benefits and drawbacks of each option||M4 Evaluate exit or succession options for a small business comparing and contrasting the options and making valid recommendations.||D4 Provide a critical evaluation of the editor succession options for a small business and decide an appropriate course of action with justified recommendations to support implementation.|
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