The Strategic Growth Plan for an SME - Essay Example

Only on StudentShare

Extract of sample
The Strategic Growth Plan for an SME

At that time nobody appeared to be interested in the product. But today Microsoft Vista is widely reviewed and talked about even before its formal launch. lacked a degree of functionality and achieved little popularity. Coke started off in 1886 when in May 1886 Dr. John Pemberton a pharmacist from Atlanta, Georgia started selling for five cents a glass. The first year of operation ended with the figures of $50 worth of sales Vs the production cost of $70 i.e. a net loss of $20. Today Coca-Cola Company is the world's leading manufacturer, marketer and distributor of nonalcoholic beverage concentrates and syrups. Infosys Technologies, a global consulting and IT services company was founded with some borrowed money by it founder Narayana Murthy. But today it is managing the IT needs of world's who's who in the business field.
Small and Medium Enterprises is therefore the beginning of a giant stride for business strategists and determined entrepreneurs. SMEs need to improve their business skills to help them survive and grow. What is required to make an SME a competing and a big company is a vision and a strategic growth plan implemented with grit and determination by the owners/ managers. ...Show more

Summary

'Journey of a hundred miles begins with one single step', goes the saying. Business enterprise too is the fulfillment of the aspirations and ambitions of the human kind. Therefore, it is worthwhile here to say that any large company starts out as small company when some hobbyists become entrepreneurs…
Author : casperamy
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The Strategic Growth Plan for an SME"
with a personal 20% discount.
Grab the best paper

Related Essays

Employee Training in Saudi Arabian SME Firms
practices. For the purpose of this study, training effectiveness is defined by factors such as consensus between training participants and their senior management, better communication, team work, more involvement of their work and faster decision making and problem solving.
11 pages (2750 words) Essay
History of Social Networking Websites
It should be noted that the main purpose behind creation of a social networking website is to enable persons to avail pre-existing connections. Social networking websites have also been created for the purpose of initiating friendships between strangers. (Acquisti & Gross, 2006)
5 pages (1250 words) Essay
Strategic Plan
However, the past 60 years have transformed the company into a key player in the Engineer Access Hardware Industry. Currently, Southco is a global leader in the provision of engineered access solutions. Their product line includes latches, captive fasteners, hinges, handles, and other applications which are used in the marine, networking, telecommunications, computer, automotive, mass transit, off-highway/construction, RV/caravan, industrial machinery and HVAC industries (About Us 2006).
8 pages (2000 words) Essay
Strategic Plan Bachelor Essay
A digital camera company's operations have been taken over by managers. The company competes neck and neck against other digital camera firms for global market leadership. Although digital camera market share varies with the company, currently the digital camera companies have equal market share world wide.
4 pages (1000 words) Essay
A Plan for Growth
Long-term debt on the other hand, is usually required in financing the acquisition of equipments and fixed assets. The loan is paid based on the estimate useful life of the asset purchased (Ward, 2000). Andy can avail of these financing alternatives through financial intermediaries like bank and government institutions which are willing to help small entrepreneurs.
2 pages (500 words) Essay
Prepare a strategic marketing plan for a business of your choice.(Ideally an SME)
For formulation of strategy, strategic management and marketing frameworks such as SWOT, PEST, and Porter 5 Forces have been applied, whose outcome is evaluated and compared to the present
10 pages (2500 words) Essay
Textual Analysis Paper: Aphra Behn's 'The Rover' (short play, available free online)
Significantly, the original full title of the play suggests that it was a tribute to Charles II who was the formerly exiled cavalier
5 pages (1250 words) Essay
QDB SME Toolkit GAP Analysis Report
document provides Gap analysis by comparing the current scenario and services provided by the QDB with the objectives of Supreme Council of Information and Communication Technology (ictQATAR) and best practices available locally or internationally to facilitate the SMEs through
15 pages (3750 words) Assignment
Budget Support to SME for Malaysian budget 2013
It is often explained by the industry experts that SMEs operate as one of the most promising sources of employment and national income which must be considered when planning for future economic operations such as budgeting. SMEs are differentiated from other
16 pages (4000 words) Article
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT