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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