What are the most important parts of a business plan? Give the parts and discuss each. .© BrainMass Inc. brainmass.com October 25, 2018, 3:32 am ad1c9bdddf
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The component of business plan includes:
1) Introduction: Introduction is the first component of the business plan. This section includes basic information such as the name, address and the phone number of the corporate office of the business. It also includes the date at which the plan was issued and a statement of confidentiality. Here the statement of confidentiality is a non disclosure agreement to keep the important information away from the potential competitors (Harper, 2006).
2) Executive summary: Generally a business plan starts with the executive summary. Executive summary generally is of one or two pages in length. It includes the essence of the proposed business venture. It comes first in the plan but is written after rest of the components of the plan are completed. It generally an overview of the complete business plans and hence gives a quick recap the business. It gives a short description of management team, its legal form, the specific markets to be served, business competitive advantages, its projected rate of ...
The solution discusses what are the most important parts of a business plan and gives the parts.
Strategic Plan, Part I: Conceptualizing a Business
Explain the importance of your selected business vision, mission, and values in determining your strategic direction. Include the following:
Define your business, products or services, and customers by developing a mission statement. Ensure that you are differentiating your product or service.
Create a vision for this organization that clearly demonstrates your decision on what you want your business to become in the future. Develop a Vision Statement.
Define your guiding principles or values for your selected business considering the topics of culture, social responsibility, and ethics.
Analyze how the vision, mission, and values guide the organization's strategic direction.
Evaluate how the organization addresses customer needs and critique how they achieve competitive advantage.View Full Posting Details