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VELOCITY GROWTH HUB EVENTS

Planning to Grow

Venue: Milton Keynes Community Foundation

Address: Milton Keynes Community Foundation
Acorn House
381 Midsummer Boulevard
Milton Keynes
MK9 3HP

Date & Time: 09/11/2018 09.30am-13.30pm

Contact Email: enquiries@velocitygrowthhub.com

Description:

Level: Intermediate / Advanced

Outline of the workshop:

This workshop is for businesses that are looking to scale up. It introduces various growth strategies, applies them to SMEs, and discusses their advantages and disadvantages. It uses a number of case studies to illustrate the wide range of considerations, such as brand equity and ultimate exit, that must be considered.

Bullet points of what the workshop will cover:

• defining growth and highlighting two key dimensions: market and product

• Ansoff: market penetration, market development, product development, diversification

• creating a new market: swimming out to the ‘blue ocean’ from the ‘red sea’

• a closer look at product lining and brand extension: the lesson of Colgate’s lasagne

• innovation and the importance of your customer: the ‘ask’, diffusion, and engagement

• merger and acquisition: their role for SMEs, pros and cons

• alternatives to M&A: channels, partnerships, and joint ventures

• scaling up: process, resources, staff, finance… and you.

Summary of key learning points:

• applying the Ansoff matrix in the SME space

• finding a blue ocean, away from the red sea

• extending your brand reach

• appreciating the role of the customer in innovation

• understanding mergers, acquisitions, partnerships, and JVs

• recognising the demands of scaling up.

Please note that eligibility criteria applies to attend this workshop and only one delegate per business can attend

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SEMLEP
European Union
Regional Growth Fund
Department for Business, Energy & Industrial Strategy