Planning for Growth
Learning outcomes
- LO1 Identifythe key considerations SMEs should consider when evaluating growth opportunities
- LO2 Assess the various methods through which organizations access funding and when to use different types of funding
- LO3 Develop a business plan (including financials) and communicate how you intend scaling up a business
Scenario
The student is required to identify the simulated business or social enterprise of your own choice. The report will include the small or local business which can a small coffee shop or online product or service sales business.
The student is required to prepare a report on the business plan for the growth of the organisation.
Learning Outcomes and Assessment Criteria
Learning Outcomes and Assessment Criteria |
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Pass |
Merit |
Distinction |
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LO1Identify the key considerations for the small business for the growth opportunity |
D1Critically evaluate the various growth options from the model discussed in context of organisation |
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P1Identify the key considerations using models for the growth opportunity of the organisation P2Identify the opportunity by using the Ansoff matrix in context of organisation |
M1identify the various growth portions for the business organisation |
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LO2Assess the various methods through which organisations access funding and when to use different types of funding |
D2Critically evaluate potential sources of funding with justified argument |
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P3Identify the various sources of funding with its advantages and disadvantages |
M2identify the various sources of funding with justification in context of the organisation. |
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LO3 Develop a business plan (including financials) and communicate how you intend scaling up a business |
D3develop a detailed business plan in order to adopt growth of the business organisation |
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P4develop a business plan for the organisation with appropriate strategies |
M3develop the business plan with objectives and strategies |
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LO4Assess the various ways a small business owner can exit the business and the implications of each option |
D4discuss the various options and suggest one for the organisation |
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P5identify the various exit and succession options for the business organisation |
M4recommended that various exit and succession options for the organisation |