Provide answers to all of the questions below: Outline three reasons why a company may choose to
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Question:
Provide answers to all of the questions below:
- Outline three reasons why a company may choose to develop a business plan.
- Identify the key steps involved in developing a business plan (at least four).
- List five common components of a business plan.
- Outline three areas that the initial business planning process may address.
- Describe the purpose of a SWOT analysis in a business planning process.
- Explain the relationship between performance objectives and key performance indicators in a business plan.
- Explain why it is important for a business to use a range of performance measures within its business plan.
- If a business plan has an objective of improving customer satisfaction, identify three performance measures that could be used to measure customer satisfaction.
- Identify key stakeholders who may be involved in business planning and explain how they are involved.
- Explain the importance of pre-existing strategic, business, and operational plans to the development of a new business plan.
- Explain why it is important to understand a business' vision, mission, values and objectives when developing a business plan. Give an example to illustrate your answer.
- Describe at least three regulations/permits requirements/licence requirements to consider when initiating a new business activity that may require a permit or licence.
Related Book For
Business
ISBN: 978-0324829556
10th Edition
Authors: Willian M Pride, Robert J. Hughes, Jack R Kapoor
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