Which factor(people, profile of business, business context, and risks & rewards) do you believe is most important to include in a great business plan? Why do you believe this factor is of such importance and what makes it more important than the other factors, in your opinion?
Which factor(people, profile of business, business context, and risks & rewards) do you believe is most important to include in a great business plan? Why do you believe this factor is of such importance and what makes it more important than the other factors, in your opinion?
Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter6: Managing Start-Ups And New Ventures
Section: Chapter Questions
Problem 1SGB
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Which factor(people, profile of business, business context, and risks & rewards) do you believe is most important to include in a great business plan? Why do you believe this factor is of such importance and what makes it more important than the other factors, in your opinion?
Expert Solution
Step 1
The most important factors to include in a great business plan are-
1. Market strategy
2. Competitive analysis
3. Design plan and development plan
4. Operations management
5. Financial plan
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