Business – 1.1 Enterprise – Business plans | e-Consult
1.1 Enterprise – Business plans (1 questions)
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Internal purposes:
- Provides a clear strategic direction and sets measurable objectives.
- Acts as a management tool for allocating resources and monitoring performance.
- Facilitates communication and alignment among team members.
- Identifies potential risks and outlines mitigation strategies.
External purposes:
- Demonstrates the viability of the venture to investors, banks, and lenders.
- Serves as a basis for negotiating partnerships or joint ventures.
- Provides credibility with suppliers, customers, and regulatory bodies.
- Helps attract talent by showcasing growth prospects.