Business Expansion
A business that has been doing well in its current location may decide to taste new waters in an attempt to grow. This can be through establishment of the same business in a different region in a country or even expand to a global scale. Such a decision is made when the business owner who has been successful in a sole proprietorship wants to try out new areas with the hope that the business will still do well in this new regions.
The business will therefore need to make several changes in terms of the new business form that it will undertake in its expansion. The business has to consider employing new workers and even having a new way of thinking in terms of the initial business plan. The business leadership will have a task to come up with a new business plan on how the business will be expanded.
This paper will therefore look at the various areas that the leadership of the business will touch on so that they will ensure a success in the expansion of the business. Among the issues that the leadership must deal with are;
Key business functions to be considered and protected
The vital business functions without which the business cannot operate or remain viable are production and sales. The business upon expansion should therefore ensure that the production rate is sufficient enough to meet the needs of the customers. The business should also make sure that the sales are sufficient to ensure that the goods produced are sold effectively. If these functions are not protected during expansion then the business...
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