kkkkkkllloooiuuuyuy.docx - Stage three is the next step and it involves the actual execution of the business plan based on the knowledge that was

kkkkkkllloooiuuuyuy.docx - Stage three is the next step and...

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Stage three is the next step and it involves the actual execution of the business plan based on the knowledge that was acquired in both stage 1 and stage 2. In most cases, this is the most involving stage. It is in this stage that the executors identify the actual places of setting up the restaurants. It is also in this stage that the business purchases the equipment required for the operations to begin and run, the website will also be developed, and finally recruitment and training of staff. The implementation of this stage can be affected by some factors such as government policies and regulations, loss of key suppliers, and increased cost of implementation. The fourth stage is monitoring and controlling is and it involves of the business plan to
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Unformatted text preview: get ready for the actualization of the ideas and plan. The management carries out regular review of the business to identify any problems that the business plan may face. In the event some issues are identified, they should be addressed timely to ensure that the implantation happens within the set time limit. Successful launching of the idea is the final stage of business development plan. The stages involved can be illustrated in figure 5.1 which presents a breakdown of the stages in terms of the activities involved in each stage as well as the set time for implementation....
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  • Spring '15
  • Mohamed Patel

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