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. ...
Download paper

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

Related Essays

Employee Training in Saudi Arabian SME Firms
This study is predicated on improved outcomes for employee training when executive or senior management show leadership through attendance at in-house training sessions. In Saudi Arabia, Bjerke and Al-Meer (1993) note that 'Arab employees' expectations, as seen by the managers, include "kind and human treatment", "care", "respect", "control", and "guidance"' (ibid. p.31). Further, Ali (2008) considers that this form of practical management is useful in motivating employees. Nevertheless, executive absence from other tasks may compromise the organisation's overall efficiency, although this...
11 pages (2761 words) Essay
Strategic Plan
This paper analyzes the presents an internal and external analyses of the Southco, Incorporated. This paper suggests that the company employs a differentiation strategy in achieving the company's objective of increasing market share and revenue.
...
8 pages (2008 words) Essay
Strategic Plan Bachelor Essay
At the moment, our company has a sale of 800,000 and 200,000 entry level cameras and multi-featured cameras annually respectively. In year 2005, the company's performance was excellent since they generated revenue of $206 million with net earnings of $20 million which translate to $2.00 per common stock share. The digital camera users have appreciated our company's products and for this case, they have developed as substantial world wide market share.
...
4 pages (1004 words) Essay
A Plan for Growth
Another alternative that is available for Andy involves equity financing. Unlike debt, equity financing for small businesses undergoing expansion are less risky. Equity financing includes seeking fund from angel investors and venture capitalists. Angel investors are affluent individuals who are willing to invest in an expansion in quest for profit and other personal interests like involvement in the business operation. Venture capitalists, on the other hand are professional investors who are only seeking high returns for their money (Ward, 2000).
...
2 pages (502 words) Essay
Prepare a strategic marketing plan for a business of your choice.(Ideally an SME)
The nature of the industry in which the business operates is highly competitive, and there are a lot of Internet cafes in the market, which are offering their services to the public. There exists cut throat competition and rivalry with nearly all cafes coming up with certain packages, promotions, and offers to attract clients, as the service being offered is highly homogenous.
...
10 pages (2510 words) Essay
QDB SME Toolkit GAP Analysis Report
However, the document does not deal with the solution of the gaps that are identified in the document.
...
15 pages (3765 words) Assignment
Budget Support to SME for Malaysian budget 2013
Moreover, SMEs are also differentiated on the ground of turnover or total balance sheet amount over a certain period of time (European Commission, “Small and Medium-Sized Enterprises (SMEs)”).
...
16 pages (4016 words) Article
Got a tricky question? Receive an answer from students like you! Try us!