BUSINESS PLAN

Analysis of Business Plan Of An Organization

Analysis of Business Plan of an Organization

Introduction

A business plan is a working document that sets objectives and strategies of a company with the basic requirements, projects and operations for a specific time frame includes all. Here comes the business plan to several tasks. First, it serves to take external help to convince potential donors. Second, it is also significant in-house function to a. It makes the company the basis for further strategic planning and concepts.

The business plan not only takes over when starting a business an important task. Instead, accompanied by a good business plan, the company, for he is continually developed and adapted to the changing current circumstances. The classic business plan will be a constant companion on how to position the business strategy, analysis of environmental and development of the company (Barrow 2008 245-300).

The business plan consists of two parts. A text that the detailed description of the business idea or the company serves, and a number part, the statements on the financing of the business idea about the company makes.

Tasks of a Business Plan

As already mentioned, met for a business plan equally important internal and external tasks (Strutely 2007 412-433).

Internal Tasks

Within the company serves the business plan as a central management tool. He gives clear guidance on who can guide the work of management and staff. He offers himself here as a guide. He also clearly defines the objectives and strategies of the company. The business plan will help the management process of:

To take stock of how the company has developed. Shortages in staff or capital early on. A target-comparison carried out. Own ideas to think through and question.

External Tasks

Not only for the internal structure of an enterprise is is a business plan important. Also for the external perception of a good business plan is important because it is the calling card of the company. First, it serves to convince potential investors of the company.

This may be necessary in the founding of the company, but also later in the acquisition of new investment funds for the marketing or the development of new products.

Second, can the business plan also calls for negotiating with potential partners or offices are used to and are used to secure existing and planned relationships with customers, suppliers etc.

When Is a Business Plan Needs

When starting a business, it is useful to have a business plan to write. It helps here to convince investors or banks the business idea. It also helps the founders, for writing a business plan forces them extensively with the business idea and its realization and the possible weaknesses confront the idea (Barton 1995 35-61).

But even an existing business can benefit from a business plan. Many companies are still guided by "feel" so often lack a clear strategy or targets where success can be measured. In addition, a business plan will create more transparency in corporate decisions. Even with the raising of loans and investors is a ...