Relevance of business plan
- Created by: march_e
- Created on: 21-05-17 17:52
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- Relevance of business plan
- enables management to think through the business in a logical and structured way and to set out the stages in the achievement of the business objectives
- enables management to plot progress against the plan
- ensures that both the resources needed to carry out the strategy and the time when they are required are identified
- is a means for making all employees aware of the business's direction
- is an important document for discussion with prospective investors and lenders of finance
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