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select a small business that you may want to start

I want to start a daycare out of my home and I need to answer these questions below. Please do not provide me with previous work that someone has done.

1) select a small business that you may want to start.
2) Define strategic management and planning.
3) Explain why a strategic plan would be important to the success of this business.

Solution Preview

As noted above, we plan to start a daycare out of my home, that will be providing day care services to kids in the neighbourhood areas. I plan to start it small at my house only.

Strategic management and Planning:

Definition: Strategic management consists of the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantages.

Key attributes of strategic management

Directs the organization toward overall goals and objectives.
Includes multiple stakeholders in decision making
Needs to incorporate ...

Solution Summary

As noted above, we plan to start a daycare out of my home, that will be providing day care services to kids in the neighbourhood areas. I plan to start it small at my house only.

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