Question 2: Business Growth Strategyllect. 10'I Workshop '1", Text, Ch. 6| Source: Becton capital, October 2022 Main Drivers for MELAs in 2021 and Beyond There are and will continue to be many new deal drivers for MELAs in 2021 and years to come. According to research from J.P. Morgan, deals will be driven by changes brought to the economy during the pandemic and a decreasing amount of political uncertainty, with globally influential elections completed and a hopeful outlook on the end of (SQUID19. Key drivers for M&As in 2021 are domestic consolidation, cross regional acquisitions, and more panEuropean champions. In the technology industry, MELAs have been substantially increasing, with the number of deals more than tripling over the last decade from 6% to 23%, according to LP. Morgan. As a result, organizations will need to increase their investments in technology to stay digitally competitive. In the future, factors changing the way deals are planned and completed are the new ways of "being\" {working from home, social distancing, etc.}, new opportunities in innovation, shifting industry paths {i.e., Disney shifting focus to their streaming platform Disney+ rather than theme parks}, and the future of capital investment. With all these drivers affecting the process of M&As, EA support is more critical than ever. Now that stakeholders and IT professionals have to plan and complete deals and projects remotely, having a way to document the entire MSAA process, reduce IT risks, accelerate synergies, and provide a single source of truth is the way to ensure you success. Source: W October 2022 Questions: 3} Using the materials covered in this module, outline some of the main methods of business expansion, giving relevant examples for each. [15 marks] b] Business expansion has potential benefits and drawbacks. Some owners are reluctant to take the risk of growing the business and choose to stay small. Using materials you studied in this module, outline some of key advantages and drawbacks of growth strategies you outlined in question [a] above. [15 marks] c] Exblain the possible advantages and disadvantages of big mergers and acquisitions for consumers, employees, and the wider UK economy? {20 marks]