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Discuss a Business plan as: a)Management tool. b)Planning tool.

      

Discuss a Business plan as:
a)Management tool.
b)Planning tool.

  

Answers


Jim
a)Management Tool:
- Provides economic/financial projections.
- Enhances the monitoring and control of the business by following up the results obtained and analyzing management indicators.
- Introduces an analysis of the supply and demand.
- Reflects the commercial strategy and the marketing policy.
- Identifies the guidelines for the management of human resources.
- Analyzes the key factors of success and the risks of a business.
b)Planning Tool:
-The company assumes and takes responsibility for the definition of its objectives:
i)With results-oriented actions.
ii) Strict fulfillment of its economic commitments.
iii) Orients decision-making processes:
iv) Provides qualitative and quantitative information.
v) Planning conforms to a homogeneous pattern.
jim items answered the question on March 21, 2019 at 15:52


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