Question
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What factors determine the competitors included in a business plan? How does a business plan encourage...
What factors determine the competitors included in a business plan?
How does a business plan encourage disciplined strategic thinking?
In what instances could a business plan be used?
How are strategic plans and business plans different?
How are strategic plans and business plans similar?
Solutions
Expert Solution
What factors determine the competitors included in a business plan?
1.time frame
2.size of organization
3.purpose/scope
4.internal/external audiences
5.work in progress to motivate some purpose
How does a business plan encourage disciplined strategic thinking?
1.stimulates focus of innovated ideas pertaining to
different domains of business plan
2.market analysis
3.service line
4.organize/management
5.marketing/sales management
In what instances could a business plan be used?
1.promotion of mission
2.ability to repay its loan
How are strategic plans and business plans different?
Differing time frames
Strategic Plans
1.provide focus and direction and specify actions an organization
needs to take to achieve its mission and vision
2.overall guidance
Business Plans
1.define, analyze, and examine a specific proposal, line of
business, or innovative concept.
2.tactical, narrow in purpose
How are strategic plans and business plans similar?
1.Works in progress
2.Motivate some purpose: obtain funding, project progression
monitoring
3.Examine internal and external audiences.
Nightingale answered 2 years agoRelated Solutions
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