Question: A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx and Nike say they did

A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx and Nike say they did not follow the original plan closely. Does that mean that developing the plan was a waste of time for these eventually successful companies? Why or why not? Please list references ,please.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Jane Harper was 50 years old when one morning she slipped and fell down a flight of stairs leading from her apartment to the parking lot. The ice and snow had accumulated on the stairs and other...

Q:

A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx and Nike say they did not follow the original plan closely. Does that mean...

Q:

What strategic plans could the college or university at which you are taking this management course adopt to compete for students in the marketplace? Would these plans depend on the school's goals?...

Q:

6. Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. As a manager, how might...

Q:

As a rule, a new business venture must develop a comprehensive business plan to borrow money to get started. Existing companies such as FedEx and Nike say they did not follow the original plan...

Q:

A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx and Nike say they did not follow the original plan closely. Does that mean...

Q:

A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx and Nike say they did not follow the original plan closely. Does that mean...

Q:

A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx and Nike say they did not follow the original plan closely. Does that mean...

Q:

1] A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx and Nike say they did not follow the original plan closely. Does that mean...

Q:

1] A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx and Nike say they did not follow the original plan closely. Does that mean...

Q:

5. A new business venture must develop a comprehensive business plan to borrow money to get started. Companies such as FedEx, Nike, and Rolm Corporation say they did not follow the original plan...

Q:

Should Odegard consider forming a partnership with her factory owners? If so, what different types of laws might apply to an international venture such as this one? How might the risks and rewards of...

Q:

In choosing the composition of short-term financing, what factors should be considered?

Q:

2. (a) What is the main reducing agent in the blast furnace? (b) Give a pair of chemical equations, including state symbols, to show how this reducing agent is formed from coke.

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...