Discuss the value of a business plan to an organization

Discuss the value of a business plan to an organization -...

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Values of a Business Plan 1 Values of a Business Plan Stacy M. Adams Strayer University BUS508 Michael Powers September 05, 2010 Values of a Business Plan Discuss the value of a business plan to an organization. A business plan is essential to the success of a business. The plan adds value which sets out everything like a blue print. The value of a business plan defines the purpose of the organization and helps to establish the objectives and goals dependable with that mission. Planning also permits the business optimizes use of existing capital by focusing on its main priority. The value of a business plan also allows the business to assess pricing, market potential, and identify the finest supply channels. The business plan discusses forms of ownership and organizational structures, together these characteristics allow for a precise focus of the organization which would result in more effectiveness and efficiency. The business plan must be
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Values of a Business Plan 2 reviewed occasionally to make sure that the company’s strategies and goals are in tune with the changing environment. Discuss how the economic concepts of supply and demand can have an impact on organizational performance in the short and long run. The concept of supply and demand is the essential concept of economics and the backbone of a market economy. Supply is service a business is willing to sell at different prices
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Discuss the value of a business plan to an organization -...

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