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Strategies for growth and managing the implications of
- 1. STRATEGIES FOR GROWTH AND MANAGING THE IMPLICATIONS OF GROWTH
- 2. Presented by:- Amit Ranjan Surindar Meena Devendra Singh Puneet Tiwari Sandeep Bhati Aaradhna Pathak Rishikesh Singhai
- 3. Growth Strategies Penetration Product Development Market Development New Geographic Market New Demographic Market New Product Use Diversification Backward Integration Forward Integration Horizontal Integration PRODUCT Existing New Existing MARKET New
- 4. Growth Why important? Advantages Problems Pressure on existing financial resources Pressure on human resources Pressure on Management of employees Pressure on entrepreneur’s time
- 5. Overcoming Financial Pressures Three Methods Financial control Managing inventory Keep good records
- 6. Overcoming Financial Pressures Watch the Financial Statements Look at expected v. actual Sensitivity analysis
- 8. Overcoming Financial Pressures Managing Inventory FIFO v. LIFO Why use LIFO? Managing Fixed Assets Why lease? Managing Costs and Profits What caused increases and decreases? Percentages
- 10. Overcoming Financial Pressures Taxes Withholding Federal State Social Security Medicare Record-Keeping Software Importance
- 11. Overcoming Pressures on Existing Human Resources Initial Company HR Permanent v. Part-time Employees Which is better? Firing Processes Culture Affected by human resources
- 12. Overcoming Pressures on Management of Employees Participative Management Style Advantages Establish a Team Spirit Communicate with Employees Provide Feedback Delegate Responsibility Provide Continuous Training
- 13. Time Management Why study it? Increased productivity Increased job satisfaction Improved interpersonal relationships Reduced time anxiety and tension Better health
- 14. Principles of Time Management Principle of Desire Recognize the problem and need to change Principle of Effectiveness Focus on important items Principle of Analysis Look at where time is allotted inefficiently
- 15. Principles of Time Management Principle of Teamwork Only small amount is under your control Principle of Prioritized Planning Categorize by level of importance Principle of Reanalysis Review one’s time management process
- 16. Entrepreneurs and Firm Growth Unused Potential Actual Growth Little Potential Constrained ENTREPRENEUR’S GROWTH ASPIRATIONS No Yes High ABILITY Low